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United States
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
MAY 22, 1996
Date of Report (Date of earliest event reported)
GLOBAL VILLAGE COMMUNICATION, INC.
(Exact name of registrant as specified in its charter)
Delaware 000-23260 94-3095680
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation or organization) Identification No.)
1144 E ARQUES AVE.
SUNNYVALE, CA 94086
(Address of principal executive offices, including zip code)
(408) 523-1000
(Registrant's telephone number, including area code)
NOT APPLICABLE
(Former name or former address, in changed since last report)
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ITEM 5. OTHER EVENTS
A copy of a press release filed herewith as Exhibit 20.1 is hereby incorporated
by reference to this Item 5.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
20.1 Press Release dated May 22, 1996
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GLOBAL VILLAGE COMMUNICATION, INC.
May 23, 1996 /s/ James M. Walker
Date James M. Walker
Vice President, Finance and
Chief Financial Officer
(Principal Financial and
Accounting Officer)
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EXHIBIT INDEX
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Exhibits Description Page No.
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20.1 Press Release dated May 22, 1996 5
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EXHIBIT 20.1
CONTACT: James Walker FOR IMMEDIATE RELEASE
Global Village Communication, Inc.
(408) 523-2400
[email protected]
GLOBAL VILLAGE ANTICIPATES NET LOSS IN CURRENT QUARTER
SUNNYVALE, Calif., May 22, 1996 -- Global Village Communication, Inc.
(NASDAQ:GVIL) today announced that its current quarter is being adversely
impacted by Apple Computer's recently announced repair program for Macintosh
PowerBook 5300 and 190 models. The company expects that Apple's actions will
result in a significant revenue decline from the prior quarter and in a loss
for the quarter.
The Global Village products being impacted by Apple's repair program
are the PowerPort PC cards, which produced $16 million in the last quarter,
ended March 31, 1996, and are expected to produce minimal revenue in the
current quarter.
Global Village expects to fully report its first-quarter 1997
operating results on July 16, 1996.
Global Village is a leading supplier of integrated communication
solutions for personal computer users.
Portions of this news release contain forward-looking statements.
Investors are cautioned that all forward-looking statements involve risks and
uncertainties, including, without limitation, announcements by the company's
customers and competitors, products returns, risks related to delays in product
development and new product introductions, rapidly changing technology, an
intensely competitive market, market acceptance of new products, foreign
operations, and general economic conditions. Each of these factors, and others,
are discussed more fully in the company's last filed Form 10-K, Form 10-Q in
February 1996, and the company's other filings with the Securities and Exchange
Commission.
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