EX-5.1 2 dex51.htm OPINION OF LATHAM & WATKINS LLP Opinion of Latham & Watkins LLP

Exhibit 5.1

 

LOGO   

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Menlo Park, California 94025

Tel: +1.650.328.4600     Fax: +1.650.463.2600

www.lw.com

   FIRM / AFFILIATE OFFICES

February 11, 2011

 

Symmetricom, Inc.

2300 Orchard Parkway

San Jose, CA 95131-1017

  

Abu Dhabi

Barcelona

Beijing

Brussels

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Dubai

Frankfurt

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Moscow

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New Jersey

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Washington, D.C.

 

  Re: Registration Statement on Form S-8

Ladies and Gentlemen:

We have acted as special counsel to Symmetricom, Inc., a Delaware corporation (the “Company”), in connection with the registration by the Company of up to 1,400,000 shares of common stock, par value $0.0001 per share, of the Company (the “Shares”), issuable under the Company’s 2010 Employee Stock Purchase Plan (the “Plan”). The shares are included in a registration statement on Form S-8 under the Securities Act of 1933, as amended (the “Securities Act”), filed with the Securities and Exchange Commission (the “Commission”) on February 11, 2011 (the “Registration Statement”). This opinion is being furnished in connection with the requirements of Item 601(b)(5) of Regulation S-K under the Act, and no opinion is expressed herein as to any matter pertaining to the contents of the Registration Statement or the related prospectus, other than as to the issue of the Shares.

As such counsel we have examined such matters of fact and questions of law as we have considered appropriate for purposes of this letter. With your consent, we have relied upon certificates and other assurances of officers of the Company and others as to factual matters without having independently verified such factual matters. We are opining herein as to the General Corporation Law of the State of Delaware, and we express no opinion with respect to any other laws.

Subject to the foregoing and the other matters set forth herein, it is our opinion that, as of the date hereof, when either (i) the Shares shall have been duly registered on the books of the transfer agent and registrar therefor in the name or on behalf of the purchasers or (ii) certificates representing the Shares (in the form of the specimen certificate incorporated by reference as an exhibit to the Registration Statement) have been manually signed by an authorized officer of the transfer agent and registrar therefor, and the Shares have been issued by the Company against payment therefor as contemplated by the Plan, the issue and sale of the Shares will have been duly authorized by all necessary corporate action of the Company, and the Shares will be validly issued, fully paid and non-assessable. In rendering the foregoing opinion, we have assumed that the Company will comply with all applicable notice requirements regarding uncertificated shares in the General Corporation Law of the State of Delaware.


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LOGO

This opinion is for your benefit in connection with the Registration Statement and may be relied upon by you and by persons entitled to rely upon it pursuant to the applicable provisions of the Securities Act. We consent to your filing this opinion as an exhibit to the Registration Statement. In giving such consent, we do not thereby admit that we are in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission thereunder.

 

Very truly yours,
/s/ Latham & Watkins LLP