-----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, WQZsc8ThTJpTY5jfrgtQi+0eSoMFVpvBXcuDZKSDd3yeBQtB1hz4J1GOxC/CwcVB auB9ijlUSqH/CU8ei7D4Fw== 0000950123-11-010946.txt : 20110209 0000950123-11-010946.hdr.sgml : 20110209 20110209150832 ACCESSION NUMBER: 0000950123-11-010946 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20110208 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110209 DATE AS OF CHANGE: 20110209 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SMITH MICRO SOFTWARE INC CENTRAL INDEX KEY: 0000948708 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 330029027 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-26536 FILM NUMBER: 11586793 BUSINESS ADDRESS: STREET 1: 51 COLUMBIA STREET 2: STE 200 CITY: ALISO VIEJO STATE: CA ZIP: 92656 BUSINESS PHONE: 9493625800 MAIL ADDRESS: STREET 1: 51 COLUMBIA STREET 2: STE 200 CITY: ALISO VIEJO STATE: CA ZIP: 92656 8-K 1 a58595e8vk.htm FORM 8-K e8vk
 
 
UNITED STATES
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): February 8, 2011
 
Smith Micro Software, Inc.
(Exact name of registrant as specified in its charter)
         
Delaware
(State or other jurisdiction
of incorporation)
  0-26536
(Commission File Number)
  33-0029027
(IRS Employer
Identification No.)
51 Columbia
Aliso Viejo, California 92656

(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (949) 362-5800
None
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 

 


 

Item 2.02   Results of Operations and Financial Condition
     On February 8, 2011, Smith Micro Software, Inc. issued a press release which suspended its full-year revenue guidance for fiscal 2011, provided an estimate of revenues for the first quarter of 2011, and addressed related matters. The full text of the press release is set forth in Exhibit 99.1 attached hereto.
     In accordance with General Instruction B.2 of Form 8-K, the information in this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section.
Item 9.01   Financial Statements and Exhibits.
     (d) Exhibits
       
Exhibit     Description
99.1
    Press Release issued on February 8, 2011

 


 

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.
         
  SMITH MICRO SOFTWARE, INC.
 
 
Date: February 9, 2011  /s/ Andrew Schmidt    
  Andrew Schmidt   
  Chief Financial Officer   
 

 

EX-99.1 2 a58595exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
(LOGO)
 
SMITH MICRO SOFTWARE SUSPENDS 2011 ANNUAL REVENUE GUIDANCE
Company Will Move to Quarterly Revenue Guidance For the Balance of 2011;
Company Will Hold Investor Conference Call to Discuss Recent Developments
ALISO VIEJO, CA — February 8, 2011 — Smith Micro Software, Inc. (NASDAQ: SMSI) announced today that it has suspended its full-year 2011 revenue guidance. Subsequent to providing 2011 revenue guidance on January 11, 2011, the Company has become aware that orders in the first quarter for our core connection manager product, primarily from a key customer, will fall below expected levels. We believe this has occurred as a result of our customer carrying sufficient inventory to support sales of mobile broadband services for the first quarter.
We now expect first quarter 2011 revenues to be in the range of $15-20 million. Based on current information, we anticipate that the pace of sales for mobile broadband devices using our software will begin to return to more typical order levels in future quarters.
As a result of these developments, we feel that it is prudent to suspend our 2011 annual revenue guidance. We intend to provide quarterly revenue guidance during the remainder of 2011.
“The first half of 2011 is a time of exciting developments for the wireless industry. The rollout of new wireless networks are major new initiatives that take time to fully develop,” said William W. Smith, Jr., President and CEO of Smith Micro Software. “We believe that our customer relationships remain strong, and the current first quarter revenue impact is due primarily to the timing of new product roll-outs and sales of existing inventory.”
The Company will hold a conference call to discuss these recent developments. The call will begin at 9:00 a.m. Eastern time on Wednesday, February 9, 2011 and can be accessed through the following:

 


 

     
Date and Time:
  February 9, 2011, 9:00 am ET
 
   
News Release:
  Visit Investor Relations section of www.smithmicro.com
 
   
Teleconference:
  Dial 877-941-6011 ten minutes prior to the start of the call. International participants can call 480-248-5085. The passcode is SMSI
 
   
Internet Webcast:
  www.smithmicro.com
 
   
Replay:
  The conference call webcast will be available for replay and can be accessed at www.smithmicro.com.
In addition, the Company has canceled its appearance at the Stifel Nicolaus Technology, Communications & Internet Conference 2011. As a result, there will be no webcast as previously planned on Wednesday, February 9th at 10:20 am PT.
The Company will release its fourth quarter and full-year 2010 financial results on February 24, 2011, which are expected to be in line with our previously announced preliminary estimates.
About Smith Micro Software, Inc.:
Smith Micro Software, Inc. develops mobile applications and solutions for the communications
industry. Our portfolio of products and services spans Connectivity Management, Communications and
Content Management solutions. Smith Micro’s solutions include client and server software
applications to help its customers manage their software investments.
More information about Smith Micro Software (NASDAQ: SMSI) can be found on smithmicro.com.
Safe Harbor Statement:
This release may contain forward-looking statements that involve risks and uncertainties, including without limitation forward-looking statements relating to the Company’s 2011 revenue guidance, its first quarter 2011 revenues, the pace recovery of our customer orders, its financial prospects and other projections of its performance, the Company’s ability to increase its business and the anticipated timing and financial performance of its new products and potential acquisitions. Among the important factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements are changes in demand for the Company’s products from its customers and their end-users, new and changing technologies, customer acceptance of those technologies, new and continuing adverse economic conditions, and the Company’s ability to compete effectively with other software companies. These and other factors discussed in the Company’s filings with the Securities and Exchange Commission, including its filings on Forms 10-K and 10-Q, could cause actual results to differ materially from those expressed or implied in any forward-looking statements. The forward-looking statements contained in this

 


 

release are made on the basis of the views and assumptions of management regarding future events and business performance as of the date of this release, and the Company does not undertake any obligation to update these statements to reflect events or circumstances occurring after the date of this release.
Smith Micro and the Smith Micro logo are registered trademarks or trademarks of Smith Micro Software, Inc. All other trademarks and product names are the property of their respective companies.
     
INVESTOR RELATIONS INQUIRIES:
   
Thomas P. Matthews
  Charles Messman, Todd Kehrli
Smith Micro Software, Inc.
  MKR Group
Chief Strategy Officer
  +1 (323) 468-2300
+1 (949) 362-5800
  smsi@mkr-group.com

 

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