UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B - 25
NOTIFICATION OF LATE FILING
(CHECK ONE):
<square> Form 10-K <square> Form 20-F <square> Form 11-K
<checked-box> Form 10-QSB <square> Form N-SAR
For Period Ended: June 30, 1998
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<square> Transition Report on Form 10-K
<square> Transition Report on Form 20-F
<square> Transition Report on Form 11-K
<square> Transition Report on Form 10-Q
<square> Transition Report on Form N-SAR
For the Transition Period Ended: __________________________
If the notification relates to a portion of the filing check above, identify
the Item(s) to which the notification relates:
PART I -- REGISTRANT INFORMATION
INNOVACOM, INC.
Full Name of Registrant
Former Name if Applicable
3400 GARRETT DRIVE
Address of Principal Executive Office (STREET AND NUMBER)
SANTA CLARA, CA 95054
City, State and Zip Code
<PAGE>2
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) [paragraph 23,
047], the following should be completed. (Check box if appropriate.)
<square>(a)The reasons described in reasonable detail in Part III of this form
could not be eliminated without unreasonable effort expense;
<checked-box> (b)The subject annual report, semi-annual report, transition
report on Form 10-K, Form 20-K, Form 11-K, Form N-SAR or a portion
thereof will be filed on or before the fifteenth calendar day
following the prescribed due date; or the subject quarterly report
or transition report on Form 10-QSB or a portion thereof will be filed
on or before the fifth calendar day following the prescribed due
date; and
<square>(c)The accountant's statement or other exhibit required by Rule 12b -
25(c) has been attached if applicable.
PART III -- NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F, 10-Q,
N-SAR, transition report or a portion thereof could not be filed within the
prescribed time period. (Attach extra sheets if needed.)
The Company has recently undergone personnel changes. Therefore, the
Company has a limited number of staff and needs more time to complete
the drafting and review of the Form 10-QSB.
PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Stanton Creasey (408) 727-2447
(Name) (Area Code and 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).
<square> Yes <checked-box> No
Form 10-QSB for the quarter ended March 31, 1998
<PAGE>3
(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?
<checked-box> Yes <square> No
In the six months ended June 30, 1998, the Company recorded a net
loss of approximately $15,000,000. The loss for the corresponding
period in 1997 was approximately $4,500,000. In both periods, the
Company was in the development stage and revenue was not significant.
During the second quarter of 1998, the board of directors decided to
restructure and focus the Company on the development of video
compression technology products in the area of systems-level equipment
for the professional market resulting in write-offs.
The increase in the loss during the first six months from 1997 to
1998 was due in part to increases in the number of employees and to
increases in all operating activities in 1998 as the Company geared up
for the release and production of new products. Other major increases
in expenses in 1998 included the costs to discontinue both Sierra Vista
Entertainment and the Company's ASIC development effort, and the
expenses related to the arrival and subsequent departure of the
Company's new president.
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INNOVACOM, INC.
(Name of Registrant as specified in its charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: August 17, 1998 By: STANTON CREASEY
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Stanton Creasey
