-----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, QxgaHQRWE/vvHcvCjFmQGTXigJ3PKDzMaF06N9zTmIzMr0fV7XMinrxClMG56KI5 g6qzdZQrMOLadja4SO6EUA== 0000891618-03-001780.txt : 20030410 0000891618-03-001780.hdr.sgml : 20030410 20030410151940 ACCESSION NUMBER: 0000891618-03-001780 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030407 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030410 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SONICBLUE INC CENTRAL INDEX KEY: 0000850519 STANDARD INDUSTRIAL CLASSIFICATION: COMPUTER COMMUNICATIONS EQUIPMENT [3576] IRS NUMBER: 770204341 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-21126 FILM NUMBER: 03645485 BUSINESS ADDRESS: STREET 1: 2841 MISSION COLLEGE BLVD CITY: SANTA CLARA STATE: CA ZIP: 95054 BUSINESS PHONE: 4085888000 MAIL ADDRESS: STREET 1: 2801 MISSION COLLEGE BOULEVARD STREET 2: P.O. BOX 58058 CITY: SANTA CLARA STATE: CA ZIP: 95052-8058 FORMER COMPANY: FORMER CONFORMED NAME: S3 INC DATE OF NAME CHANGE: 19940615 8-K 1 f89176e8vk.htm FORM 8-K SonicBlue Incorporated Form 8-K 4-7-03
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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: April 7, 2003
(Date of earliest event reported)


SONICBLUE INCORPORATED

(Exact name of registrant as specified in its charter)

         
Delaware   0-21126   77-0204341
(State or other jurisdiction of incorporation)   (Commission
File Number) 		  (IRS Employer Identification No.)

2841 Mission College Boulevard, Santa Clara, California 95054
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (408) 588-8000




 

Item 5. Other Events.
Item 7. Financial Statements and Exhibits.
SIGNATURE
INDEX TO EXHIBITS
EXHIBIT 99.1

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Item 5.                Other Events.

                  On April 7, 2003, SONICblue Incorporated announced the bid submitted by Opta Systems, LLC to acquire SONICblue’s GoVideo business unit was approved by the United States Bankruptcy Court.

                  A copy of the press release issued on April 7, 2003 is attached hereto as Exhibit 99.1 and is hereby incorporated by reference in its entirety.

Item 7.               Financial Statements and Exhibits.

            (c)          Exhibits.

                   99.1      Press Release dated April 7, 2003.

 

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SIGNATURE

                  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.

                  Dated: April 9, 2003.

     
  SONICBLUE INCORPORATED
     
  By /s/ Marcus Smith
   
    Marcus Smith
    Vice President and Chief Financial Officer

 

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INDEX TO EXHIBITS

Exhibit    
Number   Description
 
99.1   Press Release dated April 7, 2003.

  EX-99.1 3 f89176exv99w1.htm EXHIBIT 99.1 SonicBlue Incorporated Form 8-K 4-7-03

 

Exhibit 99.1

FOR IMMEDIATE RELEASE

Opta Systems to Purchase GoVideo Assets

Court Approves Bid, Assets Expected To Be Sold Within Two Weeks

                  SANTA CLARA, CA – April 7, 2003 – SONICblue™ Incorporated announced today that Opta Systems, LLC was the successful bidder for SONICblue’s GoVideo® business unit. Opta Systems submitted a final bid, which was approved by the Bankruptcy Court. The purchase price is subject to adjustment and the consummation of the transaction is subject to certain closing conditions. The Companies anticipate the transition of assets to be completed by mid-April.

                  “As the former Chief Executive Officer of Sensory Science Corporation, I understand the true value of this business unit,” said Roger Hackett, Vice Chairman, Opta Systems. “I believe in the products and the GoVideo team and I am confident that together with management, we can leverage the tremendous growth in the digital video marketplace to achieve GoVideo’s full potential.”

                  “We are confident that Opta is the best option, both for the future success of the product line, as well as for our customers,” said Gregory Ballard, Chief Executive Officer, SONICblue. “We are pleased this phase of the process has been completed, and look forward to a smooth transition of assets.”

###

About SONICblue Incorporated

                  SONICblue is a leader in the converging Internet, digital media, entertainment and consumer electronics markets. Working with partners that include some of the biggest brands in consumer electronics, SONICblue creates and markets products that let consumers enjoy all the benefits of a digital home and connected lifestyle. SONICblue holds a focused technology portfolio that includes Rio® digital audio players; ReplayTV® personal television technology and software solutions; and GoVideo® integrated DVD+VCRs, Dual-Deck™ VCRs, and digital home theater systems.

About Opta Systems, LLC

                  Opta Systems is a wholly owned subsidiary of Carmco Investments, LLC, an investment and development company that works with growing companies on a global basis to expand their businesses in the area of consumer products. Opta Systems has expertise in the areas of marketing, product and business development, logistics, operations, finance and consumer and vendor relations to achieve long term sustainable enterprise value.

                  The Carmco team is an experienced and influential group of proven executives that offers a depth of expertise to its partner companies and acquisitions. Carmco works actively with entrepreneurs and management teams to address the challenges of building a successful company in today’s global economy.

FOR MORE INFORMATION:

     
Press Contact:   Investor Contacts:
Amanda Sanyal   Ian Shea
SONICblue   SONICblue
(408) 588-8060   (408) 588-8242
asanyal@sonicblue.com   ir@sonicblue.com

       Except for the historical information contained herein, the matters set forth in this press release, including, but not limited to, the anticipated completion date of the sale of the GoVideo assets and Opta as the best option for the future success of the product line and SONICblue customers are forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including, but not limited to, inability of the parities to complete the transaction, the availability and feasibility of strategic options, general economic and industry conditions, the impact of competitive products and pricing and of alternative technological advances, the release of new products from SONICblue’s competitors, the ability of SONICblue and its suppliers and partners to meet scheduled delivery and release dates, product engineering and marketing decisions of SONICblue and others, and other risks detailed from time to time in the SEC reports of SONICblue Incorporated, including its annual report on Form 10-K for the period ended December 31, 2001 and its quarterly report on Form 10-Q for the period ended September 30, 2002. These forward-looking statements speak only as of the date hereof. SONICblue disclaims any obligation to update these forward-looking statements.

Rio, GoVideo and ReplayTV are registered trademarks of SONICblue Incorporated. SONICblue and Dual-Deck are trademarks of SONICblue Incorporated.

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