-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Mtfn83Xnxq8hzMdnbIVmimNFAUyoMKOlmUEu8ZZoUt19Mi11kB9P+CbUzJWccuuN 8cQ6aLwnp+2TCUkAUdOJ0A== 0000950124-04-001441.txt : 20040402 0000950124-04-001441.hdr.sgml : 20040402 20040402154153 ACCESSION NUMBER: 0000950124-04-001441 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040331 ITEM INFORMATION: ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040402 FILER: COMPANY DATA: COMPANY CONFORMED NAME: APPLIED MICROSYSTEMS CORP /WA/ CENTRAL INDEX KEY: 0001000787 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN [7373] IRS NUMBER: 911074996 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-26778 FILM NUMBER: 04713798 BUSINESS ADDRESS: STREET 1: 5020 148TH AVE NE STREET 2: P O BOX 97002 CITY: REDMOND STATE: WA ZIP: 98073-9702 BUSINESS PHONE: 2068822000 MAIL ADDRESS: STREET 1: 5020 148TH AVE NE CITY: REDMOND STATE: WA ZIP: 98073-9702 8-K 1 v97869e8vk.htm FORM 8-K DATED 03/31/04 e8vk
 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of Earliest Event Reported): March 31, 2004

APPLIED MICROSYSTEMS CORPORATION

(Exact name of registrant as specified in its charter)
         
WASHINGTON   0-26778   91-1074996
         
(State or other jurisdiction of incorporation
or organization) 		  (Commission File Number)   (I.R.S. Employer)
Identification No.)

PMB 503
4580 Klahanie Drive SE
Issaquah, Washington 98029

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (425) 883-1606

16770 NE 79th Street
Suite 103
Redmond, Washington 98052

(Former address of principal executive offices)

 

 

Item 7. Financial Statements and Exhibits.

  (c)   Exhibits.

     
99.1
  Condensed Consolidated Statements of Operations (Unaudited) for the three months and year ended December 31, 2003, and for the three months and year ended December 31, 2002, and Condensed Consolidated Balance Sheets (Unaudited) as of December 31, 2003, and as of December 31, 2002

Item 12. Results of Operations and Financial Condition.

     The information furnished under this Item 12 and the exhibit attached hereto shall not be deemed to be filed for the purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section or Sections 11 and 12(a)(2) of the Securities Act of 1933, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, except as shall be expressly set forth by specific reference in such filing.

     A copy of the Company’s unaudited condensed consolidated statements of operations and balance sheets for the three months and fiscal year ended December 31, 2003, is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

2

 

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

         
    Applied Microsystems Corporation
 
        
March 31, 2004
      /s/ Stephen J. Verleye
     
 
  By:   Stephen J. Verleye
  Its:   Director

3

 

EXHIBIT INDEX

     
Exhibit No.
   Description
99.1
  Condensed Consolidated Statements of Operations (Unaudited) for the three months and year ended December 31, 2003, and for the three months and year ended December 31, 2002, and Condensed Consolidated Balance Sheets (Unaudited) as of December 31, 2003, and as of December 31, 2002

4

EX-99.1 3 v97869exv99w1.txt EXHIBIT 99.1 . . . EXHIBIT 99.1 Financial Statements of Applied Microsystems Corporation (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (in thousands, except per-share data) Three Months Ended Year Ended December 31, December 31, ------------------------- ------------------------- 2003 2002 2003 2002 ---------- ---------- ---------- ---------- Net sales .................................................... $ -- $ 2,603 $ -- $ 13,520 Cost of sales ................................................ -- 1,144 -- 4,788 ---------- ---------- ---------- ---------- Gross profit ................................................. -- 1,459 -- 8,732 Operating expenses: Sales, general and administrative ......................... 304 1,752 1,551 8,481 Research and development .................................. -- 1,257 305 5,745 In-process research and development ....................... -- -- -- 621 Business restructuring .................................... -- 555 -- 1,704 ---------- ---------- ---------- ---------- Total operating expenses ..................................... 304 3,564 1,856 16,551 ---------- ---------- ---------- ---------- Loss from operations before other items ...................... (304) (2,105) (1,856) (7,819) Gain on sale of embedded systems development tools business and assets ....................................... -- 3,583 -- 3,583 Loss on sale, disposal, and impairment of long-lived assets held for sale ...................................... -- (901) -- -- Loss on eliminating foreign currency translation adjustment from substantial liquidation of international subsidiaries ................................ -- (593) -- -- ---------- ---------- ---------- ---------- Loss from operations ......................................... (304) (16) (1,856) (5,730) Interest income and other, net ............................... 760 24 1,157 58 ---------- ---------- ---------- ---------- Net income (loss) ............................................ $ 456 $ 8 $ (699) $ (5,672) ========== ========== ========== ========== Basic and diluted net loss per share ......................... $ 0.06 $ 0.00 $ (0.09) $ (0.76) ========== ========== ========== ========== Shares used in per-share calculation ......................... 7,597 7,597 7,597 7,422
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (in thousands) December 31, December 31, 2003 2002 ------------ ------------ Assets: Cash and cash equivalents .................................... $ 580 $ 3,600 Securities available-for-sale ................................ -- 299 Net accounts receivable ...................................... -- 280 Note receivable .............................................. -- 500 Other assets ................................................. 11 540 ------------ ------------ Total assets .............................................. $ 591 $ 5,219 ============ ============ Liabilities and shareholders' equity: Total liabilities ............................................ $ 16 $ 3,337 Shareholders' equity ......................................... 575 1,882 ------------ ------------ Total liabilities and shareholders' equity ................ $ 591 $ 5,219 ============ ============
-----END PRIVACY-ENHANCED MESSAGE-----