SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K/A
Current Report Amendment Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
March 21, 1995 (January 11, 1995)
Date of amended report (Date of earliest event reported)
INFORMIX CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
0-15325
(Commission File Number)
94-3011736
(I.R.S. Employer Identification No.)
4100 Bohannon Drive
Menlo Park, California 94025
(Address of Principal Executive Offices) (Zip Code)
415-926-6300
(Registrant's Telephone Number, Including Area Code)
Item 2. Acquisition of Assets
On January 11, 1995, Informix Corporation (the "Company") and ASCII
Corporation ("ASCII") entered into a joint venture to acquire the assets
of ASCII's database system division (the "Database Division"). The
joint venture, named Informix ASCII, K.K. ("Informix-ASCII"), is
initially owned 90% by the Company and 10% by ASCII. ASCII's 10%
interest will be acquired by the Company in January 1996. The Company
has accounted for the acquisition as a purchase.
The stated purchase price of the Database Division assets was
approximately $46,000,000, and was based on the fair market value of the
Database Division as a going concern. As a result of certain closing
adjustments related primarily to receivables and inventory, the
Company's net investment in the Database Division was approximately
$34,800,000.
The source of funds for the Company's investment in Informix-ASCII was
retained earnings.
ASCII Corporation is a leading software company in Japan and is involved
in developing and distributing UNIX-based software, Microsoft DOS and
Windows software and game software. Since 1984, ASCII has had the right
to market, license and support the Company's full suite of relational
database management software system products throughout Japan. The
Company intends to continue to use the Database Division assets for the
marketing, distribution and support of the Company's products in Japan.
The Database Division had revenues of approximately $46,100,000 with net
income of approximately $3,300,000 in its fiscal year ending September
30, 1994.
Item 7. Financial Statements and Exhibits
Based on the audited financial statements contained in the Company's
Annual Report on Form 10-K for the period ending December 31, 1994, the
acquisition of the Database Division was not material to the Company in
light of the Company's net investment of approximately $34,800,000.
Accordingly, the Company does not intend to file audited financial
statements or proforma financial information with respect to the
Database Division.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this Current Report Amendment to be signed on its
behalf by the undersigned, thereunto duly authorized, in the City of Menlo
Park, State of California, on March 21, 1995.
INFORMIX CORPORATION
(Registrant)
By /s/ Howard H. Graham
Howard H. Graham
Senior Vice President and
Chief Financial Officer
