- Current report filing (8-K)
22 January 2009 - 6:07AM
Edgar (US Regulatory)
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): January 20,
2009
AIRSPAN
NETWORKS INC.
(Exact
name of registrant as specified in its charter)
Washington
(State or
other jurisdiction of incorporation)
|
000-31031
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75-2743995
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(Commission
file number)
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(I.R.S.
Employer Identification No.)
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|
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777
Yamato Road, Suite 310, Boca Raton, Florida
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33431
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(Address
of principal executive offices)
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(Zip
code)
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(561)
893-8670
(Registrant’s
telephone number, including area code)
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
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
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|
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o
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
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Item
2.02. Results of Operations and Financial Condition.
In a
press release dated January 20, 2009, Airspan Networks Inc. (the “Company” or
“Airspan”) announced that a preliminary review of fourth quarter 2008 results
shows that total shipments in the fourth quarter 2008 amounted to approximately
$19 million, of which WIMAX shipments during the quarter amounted to $17
million. The Company expects to defer some revenue from these
shipments during the normal financial review process, which will impact the
final fourth quarter and full year 2008 revenue numbers.
In
connection with Nortel’s January 14th, 2009 bankruptcy announcement, Airspan has
outstanding receivables with Nortel in the amount of approximately $2.7 million
for products and services delivered and billed through the date of Nortel’s
bankruptcy filing. Collection of these receivables is uncertain and will be
subject to Nortel’s bankruptcy proceedings. Nortel has informed Airspan that it
wishes to continue purchasing goods and services from the Company.
A copy of
the press release is furnished herewith as Exhibit 99.1.
The
information in this Current Report on Form 8-K, including Exhibit 99.1, shall
not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act
of 1934 or otherwise subject to the liabilities of that Section, nor shall it be
deemed incorporated by reference in any filing under the Securities Act of 1933
or the Securities Exchange Act of 1934, regardless of any general incorporation
language in such filing.
Item
9.01 Financial Statements and Exhibits.
(d) Exhibits.
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99.1
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Press
Release dated January 20, 2009
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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.
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AIRSPAN
NETWORKS INC.
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By:
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/s/ David Brant
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David
Brant
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Senior
Vice President and Chief Financial Officer
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Date: January
21, 2009
EXHIBIT
INDEX
99.1
Press Release dated January 20,
2009
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