EX-5 2 g66163ex5.txt OPINION OF POWELL, GOLDSTEIN, FRAZER, & MURPHY LLP 1 EXHIBIT 5 December 29, 2000 Verilink Corporation 127 Jetplex Circle Madison, Alabama 35758 Re: Registration Statement on Form S-8 Verilink Corporation Amended and Restated 1993 Stock Option Plan and 1996 Employee Stock Purchase Plan Ladies and Gentlemen: We have served as counsel for Verilink Corporation, a Delaware corporation (the "Company"), in connection with the registration under the Securities Act of 1933, as amended, pursuant to a Registration Statement on Form S-8 (the "Registration Statement"), of 2,900,000 shares (the "Shares") of common stock, $.01 par value, of the Company, to be issued by the Company pursuant to the Amended and Restated 1993 Stock Option Plan and the 1996 Employee Stock Purchase Plan (the "Plans"). We have examined and are familiar with originals or copies (certified, photostatic or otherwise identified to our satisfaction) of such documents, corporate records and other instruments relating to the incorporation of the Company and the authorization of the grants of securities pursuant to the Plans as we have deemed necessary and advisable. In such examinations, we have assumed the genuineness of all signatures on all originals and copies of documents we have examined, the authenticity of all documents submitted to us as originals and the conformity to original documents of all certified, conformed or photostatic copies. As to questions of fact material and relevant to our opinion, we have relied upon certificates or representations of Company officials and of appropriate governmental officials. We express no opinion as to matters under or involving the laws of any jurisdiction other than the corporate law of the State of Delaware. Based upon and subject to the foregoing and having regard for such legal considerations as we have deemed relevant, it is our opinion that: 1. The Shares have been duly authorized; and 2. Upon the issuance and delivery of the Shares as provided in the Plans and as contemplated by the Registration Statement, such Shares will be validly issued, fully paid and non-assessable. We hereby consent to the filing of this opinion as Exhibit 5 to the Registration Statement. Very truly yours, /s/ Powell, Goldstein, Frazer & Murphy LLP POWELL, GOLDSTEIN, FRAZER & MURPHY LLP