U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER 333-38567
CUSIP NUMBER 981558102
(Check One):
[ ] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11K
[X] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: September 30, 1998
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
Read Attached Instruction Sheet Before Preparing Form.
Please Print or Type
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:
Part 1 -- Registrant Information
Full Name of Registrant
Former Name if Applicable
World Wireless Communications, Inc.
Address of Principal Executive Office (Street and Number)
2441 South 3850 West
West Valley City, Utah 84120
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 box if
appropriate)
[X] Yes [ ] No
(a) The reasons defined in reasonable detail in Part III of
this form could not be eliminated without unreasonable effort or
expense.
See Part III below.
(b) The subject matter report, semi-annual report, transition
report on Form 10-K, Form 20-F, 11-K or Form N-SAR, or 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-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.
N/A
Part III -- Narrative
State below in reasonable detail the reasons why Form 10-K and
Form 10-KSB, 20-F, 11-K, 10-Q and Form 10-QSB, N-SAR, or the
transition report or portion thereof could not be filed within the
prescribed period.
World Wireless Communications, Inc. (the "Company") is waiting
for the completion of its unaudited financial statement to be
included in its Report on Form 10-Q for the quarter ended September
30, 1998. The completion of such report has been delayed due to the
accountant's review of certain items in connection with the
Company's proposed treatment of a write-down for goodwill for the
quarter ended September 30, 1998. The Company intends to file its
Report on Form 10-Q for the quarter ended September 30, 1998
promptly after the receipt of such unaudited financial statement.
Part IV -- Other Information
(1) Name and telephone number of person to contact in regard
to this notification
Stephen R. Field, Esq. (212) 332-6050
(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.
World Wireless Communications, Inc.
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the
undersigned hereunto duly authorized.
Date November 16, 1998 By /s/ James L. O'Callaghan
-----------------------
James L. O'Callaghan
for the Company and as
Chief Financial Officer
ATTACHMENT OF FORM 12B-25 FOR
WORLD WIRELESS COMMUNICATIONS, INC.
PART IV (3) - EXPLANATION OF SIGNIFICANT
CHANGE IN RESULTS OF OPERATIONS
The Registrant's loss for the quarter ended September 30,
1998 is estimated to be $8,002,253 which is substantially in excess
of the loss for the quarter ended September 30, 1997 of $1,908,174.
The greater loss for the quarter ended September 30, 1998 is
attributable principally to a one-time non-cash expense charge of
$5,839,481 representing assets, including a write-down of goodwill,
incurred in connection with the acquisition of Digital Radio
Communications Corporation sufficient to adjust their carrying
amount to their estimated net future cash flows. Without such
extraordinary charge, the Registrant's loss for the quarter ended
September 30, 1998 is estimated to be $2,162,772.
