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):
[X] Form 10-K and Form 10-KSB [ ] Form 20-F [ ] Form 11K
[] Form 10-Q and Form 10-QSB [ ] Form N-SAR
For Period Ended: December 31, 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 AUDITED FINANCIAL STATEMENT TO BE INCLUDED IN ITS
REPORT ON FORM 10-K FOR THE YEAR DECEMBER 31, 1998. THE COMPLETION OF
SUCH REPORT HAS BEEN DELAYED DUE TO THE ACCOUNTANT'S REVIEW OF CERTAIN
ITEMS IN CONNECTION WITH THE COMPANY'S OPERATIONS. THE COMPANY INTENDS
TO FILE ITS REPORT ON FORM 10-K FOR THE YEAR ENDED DECEMBER 31, 1998
PROMPTLY AFTER THE RECEIPT OF SUCH AUDITED 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
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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.
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 MARCH 31, 1999 By /s/ David D. Singer
-----------------------
David D. Singer
President and
Chief Executive 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 estimated loss for calendar year 1998 is
approximately $15,083,000, which is approximately $7,553,000 higher
than the loss for calendar year 1997. Such increased loss was
attributable to (a) a one-time charge for the write-off of good will of
approximately $5,840,000,(b) non-cash interest charges incurred in
connection with the issuance of warrants pursuant to the Registrant's
bridge financing of $2,500,000 in May, 1998 and (c) increased
administrative and other operating expenses of approximately
$2,411,000.
