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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: AUGUST 9, 2000
HYBRID NETWORKS, INC.
(Exact name of registrant as specified in this charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
0-23289 77-02520931
(Commission File Number) (I.R.S. Employer Identification Number)
6409 GUADALUPE MINES ROAD, SAN JOSE, CA 95120
(Address of principal executive offices) (Zip Code)
(408) 323-6500
(Registrant's Telephone Number, Including Area Code)
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ITEM 5. OTHER EVENTS.
August 9, 2000
Company Press Release
HYBRID NETWORKS NAMES JUD GOLDSMITH VP OF FINANCE, CFO
SAN JOSE, Calif., Aug. 9, 2000 - Hybrid Networks Inc. (Nasdaq: HYBR), the
worldwide leader in MMDS fixed broadband wireless Internet-access systems, today
announced it has named Jud Goldsmith vice president of finance and chief
financial officer.
Goldsmith, 61, previously served as Hybrid's vice president of corporate
development and has held senior management positions with the company since
joining it in 1998. He replaces Thara Edson, who resigned to pursue other
opportunities.
"Jud's extensive experience with the business and investment communities
will help our company execute its strategic plans for future growth," said
Michael Greenbaum, president and CEO of Hybrid Networks. "We're confident that
he is the right person to lead the company's financial activities as we work to
improve performance and increase shareholder value."
Prior to joining Hybrid, Goldsmith worked with technology companies both as a
manager and a consultant.
ABOUT HYBRID NETWORKS
Headquartered in San Jose, Calif., Hybrid Networks Inc. designs, develops,
manufactures and markets fixed broadband wireless systems that enable
telecommunications companies, wireless systems operators and network service
providers to offer high-speed Internet access to businesses and residences.
Hybrid was first to market with proven technology and patented two-way wireless
products that focus on the MMDS and WCS spectrum in the United States and
similar spectrum abroad. The company's customers include Sprint, WorldCom, Look
Communications and Andrew Corp. With systems in place in 51 markets worldwide,
Hybrid is part of more fixed broadband wireless deployments than all of its
competitors combined.
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For more information, call (408) 323-6215 or visit www.hybrid.com.
HYBRID NAMES NEW VICE PRESIDENT OF FINANCE, CFO 2-2-2
Some of the statements in this news release are forward-looking statements, and
we caution our stockholders and others that these statements involve certain
risks and uncertainties. Factors that may cause actual results to differ from
expected results include, but are not limited to, the proposed rollouts not
proceeding as currently anticipated, our need to raise additional working
capital, the effects of competitive products and pricing, economic and political
conditions that may impact customers' ability to fund purchases of our products
and services, the company's ability to achieve the costs savings anticipated
from cost-reduction programs, fluctuations in international exchange rates, the
timing of cash payments and receipts, end-use demands for wireless communication
services, and other business factors. For information regarding these risks and
other related risks, see the "Risk Factors" section of Hybrid's most recent Form
10-K and Form 10-Q on file with the SEC.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this amendment to report to be signed on its
behalf by the undersigned, thereunto duly authorized.
Dated: August 15, 2000 Hybrid Networks, Inc.
By: /s/ Michael D. Greenbaum
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Michael D. Greenbaum
Chief Executive Officer
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