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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): March 3, 2000
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VTEL CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 0-20008 74-2415696
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(State or other jurisdiction of (Commission File (IRS Employer
incorporation) Number) Identification No.)
108 Wild Basin Road, Austin, Texas 78746
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (512) 437-2700
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(Not Applicable)
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(Former name or former address, if changed since last report)
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Item 5. Other Events
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The Registrant has granted non-exclusive licenses to Polycom,
Inc.("Polycom") to use three of its patented technologies, and Polycom has
agreed to a one time payment to the Registrant of $8.3 million as a fully paid
up royalty in exchange for such license. In turn and without any payments by the
Registrant, Polycom also has granted the Registrant a non-exclusive sublicense
to its rights under its license agreement with Brown University pertaining to
its single camera tracking technology. Through this technology exchange, the
parties will have access to specified distinctive technologies of the other for
use in their product offerings.
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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 hereunto duly authorized.
VTEL CORPORATION
(Registrant)
Date: March 3, 2000 By: /s/ Stephen Von Rump
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Stephen Von Rump
President and Chief Executive Officer
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