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) July 13, 2006
Neoware, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Delaware 000-21240 23-2705700
(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
3200 Horizon Drive, King of Prussia, Pennsylvania 19406
(Address of Principal Executive Offices) (Zip Code)
(610) 277-8300
(Registrant's Telephone Number, Including Area Code)
________________________________________________________________________________
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):
[_] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[_] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[_] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Item 2.02 Results of Operations and Financial Condition.
On July 13, 2006, Neoware, Inc. conducted a conference call to discuss its
preliminary results for the fourth quarter and fiscal year ended June 30, 2006
(a portion of which had been included in a press release issued and furnished to
the SEC on a Form 8-K on June 29, 2006), its 2007 operating plan and the
appointment of Klaus Besier as President. A copy of the transcript is furnished
as Exhibit 99.1 hereto.
The transcript contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995, including statements
regarding: Mr. Besier's responsibilities as President of Neoware; our strong
market opportunities; the revenues and operating expenses for the 2006 fourth
quarter and for the 2006 fiscal year; our German distributor's restructuring
plans; projected growth in revenues in the first quarter of fiscal 2007 and in
fiscal year 2007; projected gross margins, general and administrative expenses,
research and development expenses and operating expenses; investments in our
marketing and selling programs designed to stimulate sales and marketing growth,
and to result in increased revenues and profits; our focus on new channel
initiatives with distributors, resellers and VARs; potential pricing actions;
new software products, including in combination with devices; the growth of our
small and medium sized customer base; our belief that we will continue to
generate cash; our confidence in our market; and our alliances with IBM and
Lenovo. Factors that could cause actual results to differ materially from those
predicted in such forward-looking statements include: our inability to broaden
our customer base; our inability to successfully implement our 2007 operating
plan; our inability to manage our expanded organization; the timing and receipt
of future orders; our timely development and customers' acceptance of our
products; pricing pressures; rapid technological changes in the industry; the
growth of the thin client segment of the PC market; our ability to maintain our
partnerships; our dependence on our suppliers and distributors; the financial
viability ogf our channel partners, including our German distributor; increased
competition; our continued ability to sell our products through Lenovo to IBM's
customers; our ability to attract and retain qualified personnel; adverse
changes in customer order patterns; our ability to identify and successfully
consummate and integrate future acquisitions; adverse changes in general
economic conditions in the U. S. and internationally; risks associated with
foreign operations; and political and economic uncertainties associated with
current world events. These and other risks are detailed from time to time in
Neoware's periodic reports filed with the Securities and Exchange Commission,
including, but not limited to, our annual report on Form 10-K for the year ended
June 30, 2005 and our quarterly reports on Forms 10-Q for the quarters ended
September 30, 2005, December 31, 2005 and March 31, 2006.
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits. The following document is filed as an exhibit to this report.
99.1 Transcript of conference call held by Neoware, Inc. on July 13, 2006.
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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 duly authorized.
NEOWARE, INC.
Dated: July 17, 2006 By: /S/ Keith D. Schneck
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Keith D. Schneck, Executive Vice
President and Chief Financial Officer
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