Polycom Inc – ‘8-K’ for 9/5/97

As of:  Tuesday, 9/9/97   ·   For:  9/5/97   ·   Accession #:  912057-97-30254   ·   File #:  0-27978

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                         4     10K 

Document Table of Contents

8-K
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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 EXCHNAGE ACT OF 1934                 

DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):  SEPTEMBER 3, 1997            
                                     -------------------

POLYCOM, INC.                 
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(Exact name of registrant as specified in charter)            

Delaware                         0-27987                  94-3128324    
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(State or other jurisdiction       (Commission              (IRS Employer       
of incorporation)                  File Number)             Identification No.) 

2584 Junction Avenue, San Jose, California                       95134          
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(Address of principal executive offices)                       (Zip Code)       

Company's telephone number, including area code:  (408) 526-9000                
                                           ---------------------------

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(Former name or former address, if changed since last report.)      

8-K
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ITEM 5.                                                                         

    (a)  On September 3, 1997, VTEL Corporation filed a lawsuit in the
   District Court in Travis County, Texas against ViaVideo
             Communications, Inc. and its founders (who were formerly employed
             by VTEL). In the lawsuit, VTEL alleges breach of contract, breach
   of confidential relationship, disclosure of proprietary
information, and related allegations.               

      In June of 1997, Polycom announced an agreement to acquire
     ViaVideo Communications, Inc., a company dedicated to the
             development of videoconferencing equipment for 9.7 million shares
            of Polycom common stock, plus up to an additional 300,000 shares
         based on future option grants by ViaVideo. The transaction is
      expected to be completed during the fourth quarter of 1997
  or the first quarter of 1998 and is subject to various
   conditions which include the first customer shipment by
     ViaVideo of its initial videoconferencing system no later
    than March 31, 1998 and Polycom's share priced preceding
        the acquisition to be at or above $3.00 per share. There can
            be no guarantee that ViaVideo will meet the required milestones,
          that the shareholders will approve the merger or of the market
 acceptance and future profitability of this business.

8-K
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ITEM 7.  FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.    

 (a)  Financial Statements of Business Acquired. Not applicable.

(b)  Forma Financial Information. Not applicable.             

(c)  Exhibits: None                                           

8-K
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SIGNATURES  

 Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its         
behalf by the undersigned hereunto duly authorized.                             

                         POLYCOM, INC.

Dated: September 9, 1997                      By:   /s/ Michael R. Kourey       
                                             ---------------------
                            ----
                                              Michael R. Kourey, Vice President,
                                             Finance and Administration, Chief
                                           Financial Officer and Secretary

[SIGNATURE PAGE TO FORM 8-K]

Dates Referenced Herein

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
		3/31/98		2					None on these Dates
Filed on:		9/9/97		4
For Period End:		9/5/97
		9/3/97		1		2
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