UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM 12b-25
NOTIFICATION OF LATE FILING
SEC FILE NUMBER: 0-11552
CUSIP NUMBER: 879913200
(Check One):
/ / Form 10-K / / Form 11-K / / Form 20-F /X/ Form 10-Q / / Form N-SAR
For Period Ended: January 31, 2001
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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Full Name of Registrant
TELEVIDEO, INC.
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Former Name if Applicable
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Address of Principal Executive Office (Street and Number)
2345 Harris Way
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City, State and Zip Code
San Jose, California 95131
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PART II - RULES 12b-25(b) AND (c)
(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 or semi-annual report/portion thereof
will be filed on or before the fifteenth calendar day following
the prescribed due date; or the subject quarterly report/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.
NOT APPLICABLE
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PART III - NARRATIVE
State below in reasonable detail the reasons why the Form 10-K, 11K, 20-F,
10-Q or N-SAR or portion thereof could not be filed within the prescribed
time period. (Attach Extra Sheets if Needed)
The preparation of the financial statements of TeleVideo, Inc. (the
"Registrant") will not be completed by March 19, 2001, the last day for
a timely filing of its Quarterly Report on Form 10-Q for the period
ended January 31, 2001 ("2001 10-Q"), pursuant to Rule 0-2 of the
General Rules and Regulations under the Securities Exchange Act of
1934. The Registrant will be unable to timely file its 2001 March 10-Q
because management requires additional time to accumulate information
needed for the filing and for the executive officers and directors to
complete their review of the filing without unreasonable effort and
expense.
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PART IV - OTHER INFORMATION
(1) Name and telephone number of persons to contact in regard to this
notification
PHILIP K HWANG (408) 955-7400
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(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 the 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 statements to be included in the subject report or portion
thereof?
/X/ Yes / / No
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TELEVIDEO, INC.
(Name of Registrant as specified in charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: March 16, 2001 By: /s/ PHILIP K HWANG
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CEO and Acting
Chief Financial Officer
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TELEVIDEO, INC.
FORM 12b-25
Dated March 16, 2001
QUESTION (3), PART IV EXPLANATION
The Registrant expects that the Consolidated Statements of Operations
for the period ended January 31, 2001 will show significant changes from the
results of operations for the prior period ended January 31, 2000 as follows:
Net loss is expected to be approximately $490,000 in 2001 compared to $961,000
in 2000. With that decrease in net loss, the Registrant also expects to record a
decrease in operating expenses, from $1,337,000 in 2000 to $1,120,000 in 2001,
and an increase of other income from $258,000 in first quarter of 2000 to
$510,000 in same period of 2001. The increase in other income is due in
principal to supplemental income provided by the sublease of a space of the
Company headquarters, beginning with January 2001, and from the sale of CNET
stock.
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