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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A AMENDMENT NO. 1
Annual report pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934 for the fiscal year ended December 31, 1998.
Commission file number: 0-23296
CIDCO INCORPORATED
(Exact Name of Registrant as Specified in its Charter)
Delaware 13-3500734
(State or other jurisdiction of (IRS employer
Incorporation or organization) identification number)
220 Cochrane Circle
Morgan Hill, CA 95037
(Address of principal executive offices and zip code)
(408) 779-1162
(Registrant's telephone number, including area code)
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Securities registered pursuant to Section 12(b) of the Act: None
Securities registered pursuant to Section 12(g) of the Act:
Common Stock, par value $.01
Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the Registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
YES X NO
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Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of the Registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. ( X )
The aggregate market value of the voting stock held by non-affiliates of the
Registrant based on the closing sale price of such stock at $4.00 on March 25,
1999 was $37,339,240. Shares of Common Stock held by each executive officer and
director and by each person who owns 5% or more of the outstanding Common Stock
have been excluded in that such persons may be deemed to be affiliates. This
determination of affiliate status is not necessarily a conclusive determination
for other purposes.
Number of shares outstanding of the Registrant's Common Stock on March 25, 1999:
13,383,010
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CIDCO INCORPORATED
Item 8. Financial Statements and Supplementary Data
The following Balance Sheet replaces the original in its entirety:
BALANCE SHEET
(in thousands, except per share data)
December 31,
-------------------------
1998 1997
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ASSETS
Current assets:
Cash and cash equivalents ......................... $ 12,349 $ 48,253
Short-term investments ............................ 13,975 26,486
Accounts receivable, net of allowances for
doubtful accounts of $1,885 and $3,301 ........ 27,689 58,082
Inventories ....................................... 22,086 12,904
Deferred tax asset ................................ 1,490 11,808
Income tax refund receivable ...................... 18,367 --
Other current assets .............................. 1,547 1,306
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Total current assets ........................... 97,503 158,839
Property and equipment, net ....................... 9,691 12,591
Other assets ...................................... 473 1,998
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$ 107,667 $ 173,428
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable .................................. $ 12,446 $ 29,868
Accrued liabilities ............................... 14,585 10,955
Accrued taxes payable ............................. 234 1,875
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Total current liabilities ...................... 27,265 42,698
Commitments and contingencies (Notes 7 and 8)
Stockholders' equity:
Common stock, $.01 par value; 35,000 shares
authorized, 14,418 and 14,418 shares issued ... 144 144
Treasury Stock, at cost (339 and 463 shares) ...... (4,600) (6,163)
Additional paid-in capital ........................ 88,916 88,763
Retained earnings (deficit) ....................... (4,058) 47,986
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Total stockholders' equity ..................... 80,402 130,730
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$ 107,667 $ 173,428
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The notes presented in the original 10-K are an integral part of the financial
statements.
