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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): MARCH 5, 1998
RADIUS INC.
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(Exact name of Registrant as specified in its charter)
CALIFORNIA
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(State or other jurisdiction of incorporation)
000-18690 68-0101300
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(Commission (IRS Employer
File Number) Identification No.)
215 Moffett Park Avenue, Sunnyvale, CA 94089
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(Address of principal executive offices) (Zip Code)
(408) 541-6100
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(Registrant's telephone number, including area code)
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(Former name or former address, if changed since last report)
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ITEM 5: OTHER EVENTS.
On March 5, 1997, Radius Inc. (the "Company") announced a one-for-ten
reverse stock split of its outstanding shares of Common Stock, which reverse
stock split was previously approved by the Company's Board of Directors and
shareholders on February 11, 1998. The reverse stock split became effective at
the close of business on March 9, 1998, and the Company's Common Stock began
trading on a post-split basis on March 10, 1998.
ITEM 7: FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
The following exhibit is filed herewith:
99. Press release dated March 5, 1998
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
RADIUS INC.
Date: March 12, 1998 By: /s/ Henry V. Morgan
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Henry V. Morgan
Chief Financial Officer
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EXHIBIT INDEX
Exhibit 99 Press Release dated March 5, 1998
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EXHIBIT 99
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CONTACT
HANK MORGAN
CHIEF FINANCIAL OFFICER
RADIUS INC.
408-541-5025/408-541-5551FAX
[email protected]
RADIUS ANNOUNCES REVERSE STOCK SPLIT
Sunnyvale, Calif., March 5, 1998 - Radius Inc. (NASDAQ:RDUS) today
announced a one for ten reverse split of its outstanding shares of Common
Stock. This reverse split was previously approved at the annual meeting of
its shareholders on February 11, 1998. The reverse split will be effective
with the close of business on March 9, 1998, and the shares will begin
trading on a post-split basis effective on March 10, 1998. With the
completion of the reverse stock split the company will have approximately
5,500,000 common shares outstanding.
"This reverse split brings the number of shares outstanding and the
share price to a level more consistent with companies of our size and will
reduce the transaction costs to our shareholders," said Hank Morgan, senior
vice president and CFO. Morgan continued, "in addition this action will keep
the Company in compliance with the recent changes in the continued listing
requirements for the Nasdaq SmallCap Market which require a minimum $1 bid
price on common stock."
RADIUS INC.
Founded in 1986 and based in Sunnyvale, California, Radius offers the
highest quality digital video solutions, Super Resolution 2D and 2D/3D
graphics cards, professional color calibrated display systems and PC
compatibility cards. Radius products are available through a worldwide
network of Radius authorized resellers, systems integrators, and
distributors. Radius may be reached at 408-541-6100 or on the worldwide web
at www.radius.com.
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