SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q/A [X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 27, 1997 OR [ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File No. 0-25502 INFORMATION STORAGE DEVICES, INC. (Exact name of registrant as specified in its charter) California 77-0197173 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 2045 Hamilton Avenue San Jose, CA 95125 (Address of principal executive offices, including zip code) (408) 369-2400 (Registrant's telephone number, including area code) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. YES X NO . As of October 31, 1997, there were outstanding 9,742,351 shares of the Registrant's Common Stock. Form 10-Q/A PART I FINANCIAL INFORMATION Item 1. Financial Statements CONDENSED BALANCE SHEETS (In thousands) 9-27-97 12-31-96 ------- -------- Assets Current assets: Cash and cash equivalents $ 29,473 $ 21,927 Short-term investments 17,885 33,617 Accounts receivable, net 9,899 3,203 Inventories 9,250 10,059 Other current assets 2,355 2,874 -------- -------- Total current assets 68,862 71,680 Property and equipment, net 5,995 5,835 Other assets 2,031 1,200 Long-term investments 750 150 -------- -------- Total Assets $ 77,638 $ 78,865 ======== ======== Liabilities and Shareholders' Equity Current liabilities: Current portion of long-term debt $ 1,363 $ 1,270 Accounts payable and accrued liabilities 9,676 4,009 Deferred revenue 1,360 1,299 -------- -------- Total current liabilities 12,399 6,578 Long-term liabilities 960 1,986 -------- -------- Shareholders' equity 64,279 70,301 -------- -------- Total Liabilities and Shareholders' Equity $ 77,638 78,865 ======== ========