U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER: 0-27908 CUSIP NUMBER: 81663810
(Check One):
[ ] Form 10-K and Form 10KSB [ ] Form 20-F [ ] Form 11-K
[X] Form 10-Q and Form 10QSB [ ] Form N-SAR
For Period Ended: September 30, 1999
[ ] Transition Report on Form 10-K
[ ] Transition Report on Form 20-F
[ ] Transition Report on Form 11-K
[ ] Transition Report on Form 10-Q
[ ] Transition Report on Form N-SAR
For the Transition Period Ended:
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Read Attached Instruction Sheet Before Preparing Form. Please print or Type.
Nothing in this form shall be construed to imply that the Commission
has verified any information contained herein.
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If the notification relates to a portion of the filing checked above,
identify the Item(s) to which the notification relates:
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Part I - Registrant Information
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Semiconductor Laser International Corporation
Full Name of Registrant
Former Name if Applicable
15 Link Drive
Address of Principal Executive Offices (Street and Number)
Binghamton, New York 13904
City, State and Zip Code
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Part II - Rules 12b-25 (b) and (c)
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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 box if appropriate)
[X] (a) The reasons described in reasonable detail in Part III of
this form could not be eliminated without unreasonable effort
or expense;
[X] (b) The subject annual report, semi-annual report, transition
report on Form 10-K, Form 20-F, Form 11-K or Form N-SAR, or
portion thereof, will be filed on or before the fifteenth
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.
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Part III - Narrative
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State below in reasonable detail the reasons why Form 10-K and Form 10-KSB,
20-F, 11-K, 10Q and Form 10-QSB, N-SAR, or the transition report or portion
thereof could not be filed within the prescribed time period. (See attached
Schedule A)
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Part IV - Other Information
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(1) Name and telephone number of person to contact in regard to this
notification
Geoffrey T. Burnham 607 722-3800
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 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 answer is no, identify report(s).
[X] Yes [ ] No
(3) Is it anticipated that any significant change in results of operations
from the corresponding period for the last fiscal year will be
reflected by the earnings statement to be included in the subject
report or portion thereof?
[X] Yes [ ] No
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. (See attached Schedules A and B)
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Semiconductor Laser International Corporation
has caused this notification to be signed on its behalf by the undersigned
hereunto duly authorized.
Date: November 15, 1999 By: /s/ Geoffrey T. Burnham
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Geoffrey T. Burnham, Chairman,
President and Chief Executive
Officer
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ATTENTION
Intentional misstatements or omissions of fact constitute Federal
Criminal Violations (See 18 U.S.C. 1001).
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Schedules to Form 12b-25
Schedule A:
As a company in the research and development stage of its operations,
the Registrant has historically not shown any value on its balance sheet for
work in process inventory or for finished goods inventory. The Registrant has
determined that it is now appropriate to reflect such value on its balance sheet
for the period ended September 30, 1999, commencing as of July 1, 1999. The
completion of the necessary inventory calculations has created a delay in
management's ability to complete the preparation of the Registrant's Form 10-QSB
on a timely basis without the incurrence of unreasonable effort and expense.
Schedule B:
The Registrant anticipates that its results of operations will reflect
a reduction in net loss as a result of the change in inventory practice to
reflect the value of work in process inventory and finished goods inventory on
its balance sheet for the period ended September 30, 1999, as compared to the
period ended September 30, 1998. As the Registrant is still in the process of
completing the necessary inventory calculations, it is unable to provide a
quantitative estimate of the anticipated change.
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