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EX-99.1 - EX-99.1 - BigBand Networks, Inc.f57904exv99w1.htm
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: January 7, 2011
(Date of earliest event reported)
BigBand Networks, Inc.
(Exact Name of Registrant as specified in Charter)
         
Delaware
(State or other Jurisdiction
of incorporation)
  Commission File No.:
001-33355
  04-3444278
(I.R.S. Employer Identification No.)
475 Broadway Street
Redwood City, California 94063

(Address of Principal Executive Offices, including zip code)
(650) 995-5000
(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 (see General Instruction A.2. below):
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.
     The information pursuant to Item 2.02 in this report on Form 8-K is being furnished as contemplated by General Instruction B(2) to Form 8-K and 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.
     On January 11, 2011, we announced the preliminary revenues, and both GAAP and non-GAAP loss per share for the three months ended December 31, 2010. The complete release is attached to this report as Exhibit 99.1
Item 2.05.   Costs Associated with Exit or Disposal Activities.
     On January 7, 2011, the Audit Committee under authority of the Board of Directors authorized a restructuring plan pursuant to which employees were terminated and a portion of certain facilities will be vacated for sublease. Approximately $2.0 million of severance and vacated facility charges are expected to be incurred for the three months ending March 31, 2011.
     On January 11, 2011, the Company issued a press release including the announcement of the restructuring plan. The complete release is attached to this report as Exhibit 99.1 and only the information included in Item 2.05 hereof is incorporated herein by reference; all other information shall be deemed furnished as discussed in Item 2.02 above.
Item 9.01.   Financial Statements and Exhibits.
  (d)   Exhibits
         
  99.1    
Press Release dated January 11, 2011 of BigBand Networks, Inc.

 


 

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.
         
  BIGBAND NETWORKS, INC.
 
 
Date: January 11, 2011  By:   /s/ Ravi Narula    
    Ravi Narula   
    Chief Financial Officer (Principal Accounting and Financial Officer  
 

 


 

EXHIBITS
         
  99.1    
Press Release dated January 11, 2011 of BigBand Networks, Inc.