UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 12B-25
NOTIFICATION OF LATE FILING
_X_ Form 10-K
For Period Ended: July 31, 1994
PART I - REGISTRANT INFORMATION
Full Name of Registrant: Intelogic Trace, Inc.
Former Name if Applicable: N/A
Address of Principal Executive Office: Turtle Creek Tower I,
P. O. Box 400044, San Antonio, Texas 78229-8415
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)
(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, Form 20-F, 11-K, 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 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.
PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K,
11-K, 10-Q, N-SAR, or the transition report or portion thereof,
could not be filed within the prescribed time period.
Intelogic Trace, Inc. (the "Company") is not able to
file its Annual Report on Form 10-K for the year ended
July 31, 1994 within the time period prescribed for
such report without unreasonable effort or expense.
The Company's current reorganization efforts under
Chapter 11 of the U. S. Bankruptcy Code and turnover in
accounting staff has resulted in the Company having
difficulty in compiling the financial and other
information necessary for the timely completion of its
audit and the other items required in the Form 10-K.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to
this notification: Philip D. Freeman, 210-593-5410.
(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 reports been filed? _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.
It is anticipated that there will be a significant change in
the results of operations as set forth in the Company's
Annual Report on Form 10-K for the period ended July 31,
1994 in relation to the period ended July 31, 1993, which
are required to be disclosed in the Form 10-K. The
Company's revenues decreased to approximately $72.5 million
from $88.2 million in 1993, with a corresponding decrease in
gross profit to approximately $9 million from $22.4 million.
In addition, the Company has filed for Bankruptcy under
Chapter 11 of the Bankruptcy code. In connection with its
pending reorganization, the Company anticipates recording
approximately $16 million of reorganization charges during
fiscal year 1994, principally from the write-down of its
field support spares in connection with the anticipated
outsourcing of such spares. The anticipated net loss for
fiscal year 1994 will approximate $32.6 million compared to
$1.5 million in 1993.
INTELOGIC TRACE, 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: ______________________ By: /S/ Philip D. Freeman
Sr. Vice President, General
Counsel & Secretary
