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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 12b-25
Commission File Number 0-28472
NOTIFICATION OF LATE FILING
(Check One): [ ] Form 10-K [ ] Form 11-K [ ] Form 20-F [X] Form 10-Q
[ ] Form 10-N-SAR
For Period Ended: September 30, 2000
[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
For the Transition Period Ended:
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Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:------------------------
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Part I - Registrant Information
Full Name of Registrant: Digital Video Stystems, Inc.
Former Name If Applicable:
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Address of Principal Executive Office (Street and Number):
278 Hope Street
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City, State and Zip Code: Mountain View, CA 94041
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Part II - Rules 12b-25 (b) and (c)
If the subject report could not be filed without unreasonable effort or
expense and the registrant seeks relief pursuant to Rule 12b-25(b), the
following should be completed. (Check appropriate box)
[ ] (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense;
[X] (b) The subject annual report, semi-annual report, transition
report on Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof
will be filed on or before the 15th calendar day following the
prescribed due date; or the subject quarterly report of
transition report on Form 10-Q, or portion thereof will be filed
on or before the fifth calendar day following the prescribed due
date; and
[ ] (c) The accountant's statement or other exhibit required by
Rule 12b-25(c) has been attached if applicable.
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Part III - Narrative
State below in reasonable detail the reasons why Form 10-K, 11-K,
20-F, 10-Q, N-SAR or the transition report portion thereof could not be filed
within the prescribed time period. (Attach extra sheets if needed.)
The Company will be unable to timely file its Quarterly Report on Form 10-QSB
for the quarter ended September 30, 2000 because its limited accounting staff
has been required to devote substantial attention to other financial and
accounting matters while attempting to finalize the Quarterly Report. The
Company intends to file its Form 10-QSB promptly upon completion of the review
by its outside professionals and in no event beyond the applicable extension
period.
Part IV - Other Information
(1) Name and telephone number of person to contact in regard to
this notification
Mali Kuo (650) 564-9699
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(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13
or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the
Investment Company Act of 1940 during the preceding 12 months or for such
shorter period that the registrant was required to file such report(s) been
filed? If the answer is no, identify report(s).
[X] Yes [ ] No
(3) Is it anticipated that any significant change in results
of operations from the corresponding period for the last fiscal year will be
reflected by the earnings statements to be included in the subject report or
portion thereof?
[X] Yes [ ] No
If so, attach an explanation of the anticipated change,
both narratively and quantitatively, and, if appropriate, state the reasons why
a reasonable estimate of the results cannot be made.
(Please see attached explanation.)
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DIGITAL VIDEO SYSTEMS, INC.
(Name of Registrant as specified in charter)
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
Date: November 15, 2000
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By: /s/ Mali Kuo
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Mali Kuo
Chief Executive Officer
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DIGITAL VIDEO SYSTEMS, INC.
Form 12b-25
PART IV, ITEM (3)
Explanation:
There has been significant improvements in operational results compared with
the corresponding period for the last fiscal year. The revenues have been
increased to $24.6 million in the 2000 period compared to $15.7 million in
the 1999 period, with a higher margin of 15.3% in the 2000 period compared
to 11.0% in the 1999 period.
