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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
Date of Report (Date of earliest event reported): August 20, 1999
GEOWORKS CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 000-23926 94-292037
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(State or other jurisdiction of (Commission File No.) (I.R.S. Employer
incorporation or organization) Identification No.)
960 Atlantic Avenue, Alameda, California 94501
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(Address of principal executive offices) (Zip code)
510-814-1660
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(Registrant's telephone number, including area code)
Not Applicable
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(Former name, former address and former fiscal year,
if changed since last report)
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ITEM 5: OTHER EVENTS.
In accordance with generally accepted accounting rules, the Registrant
recognized and posted the value of its investment in Wink Communications, Inc.
("Wink")to its balance sheet following the completion of Wink's initial public
offering on August 19, 1999. For additional information, see the press release
regarding these events, which is attached hereto as Exhibit 99.02.
ITEM 7: FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits:
99.02 Press release of the Company dated August 20, 1999.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned executive officer.
Date: August 24, 1999
GEOWORKS CORPORATION
by: /s/ Stephen T. Baker
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Stephen T. Baker
Chief Financial Officer
(Duly Authorized Officer and Principal
Financial Officer)
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GEOWORKS CORPORATION
INDEX TO EXHIBITS
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Exhibit No. Description
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99.02 Press release of the Company dated August 20, 1999.
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EXHIBIT 99.02
FOR IMMEDIATE RELEASE
CONTACT
Neal Rosen
Kalt, Rosen Chase & Associates
(415) 397-2686
Keith Mills
Geoworks
(510) 814-5851
GEOWORKS POSTS WINK INVESTMENT TO BALANCE SHEET
ALAMEDA, Calif. (August 20, 1999) - Geoworks Corporation (Nasdaq National Market
System Symbol: GWRX), a leading provider of mobile e-commerce and information
services for the consumer market, today posted approximately $20 million to its
balance sheet, based on the value of its shares in Wink Communications, Inc.
Wink began publicly trading its stock yesterday under the trading symbol "WINK"
on the Nasdaq Market.
"As we previously reported, we have been carrying 565,800 shares of Wink's stock
at zero balance, and are now posting the value of these shares to our balance
sheet," said Steve Baker, chief financial officer of Geoworks. "Our Wink
investment is presently valued at approximately $20 million, or $35.69 per Wink
share, based on the close of market on August 19, 1999, and a portion of our
shares are subject to standard restrictions common to public offerings."
Brian Dougherty, Geoworks' founder, is also the co-founder and chief technology
officer of Wink. Geoworks helped incubate Wink's technology in 1993 and 1994.
"The technology around which Wink was formed was derived from Geoworks'
experiences working with resource-constrained devices," said Adam de Boor, chief
technology officer of Geoworks. "Wink has evolved that technology into an
end-to-end solution for sending interactive applications along with broadcast
video to a viewer's television. We congratulate the company on pioneering this
exciting technology, and are proud to have had a small part in it. We look
forward to seeing their continued success in the industry."
About Geoworks
Geoworks Corporation is a leading provider of mobile e-commerce and information
services for the consumer market. The company offers Internet-based information
services, including advertising-sponsored content, to the growing universe of
digital mobile phones and pagers. Based in Alameda, California, the company has
international offices in Japan and the United Kingdom, and can be found on the
World Wide Web at http://www.geoworks.com.
# # #
In keeping with U.S. law, Geoworks notes that this press release includes
forward-looking statements. Actual results may vary significantly due to various
risks and uncertainties. Additional information is available in the Risk Factors
and Business discussions in the company's Form 10-K, 10-Q and other filings
available from the company or from the Securities and Exchange Commission.
