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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 12b-25
Commission File Number 0-22495
NOTIFICATION OF LATE FILING
(Check One): [ ] Form 10-K [ ] Form 11-K [ ] Form 20-F
[X] Form 10-Q [ ] Form N-SAR
For Period Ended: June 30, 1997
[ ] Transition Report on Form 10-K [ ] Transition Report on Form 10-Q
[ ] Transition Report on Form 20-F [ ] Transition Report on Form N-SAR
[ ] Transition Report on Form 11-K
For the Transition Period Ended: June 30, 1997
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 I
REGISTRANT INFORMATION
Full name of registrant: Perot Systems Corporation
Former name if applicable: N/A
Address of principal executive office (Street and number): 12377 Merit Drive,
Suite 1100 City, state and zip code: Dallas, Texas 75251
PART II
RULE 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 appropriate box.)
[X] (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or expense;
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[X] (b) The subject annual report, semi-annual report, transition
report on Form 10-K, 20-F, 11-K or Form N- SAR, or portion thereof
will be filed on or before the 15th 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.
PART III
NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 11-K,
20-F, 10-Q, N-SAR or the transition report portion thereof could not be filed
within the prescribed time period. (Attach extra sheets if needed.)
Significant typographical errors in the financial information
contained in the filing copy of Registrant's Quarterly Report on Form
10-Q for the fiscal quarter ended June 30, 1997 were discovered
shortly before the deadline for filing. It was not possible to revise
the filing, verify the correctness of the information and complete the
filing prior to the deadline.
PART IV
OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification
Rex Mills (972) 383-5746
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 12 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) It is 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
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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.
PEROT SYSTEMS CORPORATION
(Name of Registrant as Specified in Charter)
Has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: August 15, 1997 By /s/ PETER A. ALTABEF
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Peter A. Altabef, Vice President
and General Counsel
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Change in Results of Operations
Operating income decreased in the second quarter of 1997 to $3.3 million from
$10.8 million in the second quarter of 1996. For the year to date period ended
June 30, 1997, operating income decreased to $11.8 million from $21.2 million
during the comparable period in 1996.
Net income decreased in the second quarter of 1997 to $1.4 million from $5.7
million in the second quarter of 1996. For the year to date period ended June
30, 1997, net income decreased to $8.1 million from $11.2 million during the
comparable period in 1996.
