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): January 31, 2007
AMEDIA NETWORKS, INC.
(Exact name of registrant as specified in its charter)
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Delaware 0-22055 11-3223672
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
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2 CORBETT WAY, EATONTOWN, NEW JERSEY 07724
(Address of principal executive offices, including Zip Code)
(732) 440-1992
(Registrant's telephone number, including area code)
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(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 8.01 OTHER EVENTS
In January 2007, Amedia Networks, Inc. (the "Company") received from
Motorola Wireline Networks, Inc. ("Motorola"), a subsidiary of Motorola Inc.,
approximately $169,000 from the sale of prototypes. To date, the Company has
received from Motorola purchase orders for lab test units, Alpha and Beta test
unit prototypes and gateways in the aggregate purchase amount of approximately
$475,000. The Company has invoiced and collected approximately $233,000 of this
amount to date and has completed shipping and invoicing the remaining $242,000.
The Company currently anticipates that approximately $235,000 from the gateways
(of the total $475,000) will be recognized as revenue in the first quarter of
2007, subject to quarterly and year-end adjustments. These aggregate purchase
orders of $475,000 referred to above are independent of and unrelated to the
development based milestone payments payable under the Strategic Alliance
Agreement.
Under the Strategic Alliance Agreement, the Company and Motorola are
jointly developing a family of IP Home gateways intended to provide expanded
support for data, IPTV, High Definition TV, and Digital Video Recorders using
Motorola's existing Multi-Service Access Platform for exclusive distribution by
Motorola under the Motorola brand. The Strategic Alliance Agreement provides,
among other things, that Motorola will pay to the Company $1.9 million for
engineering costs associated with the development of these products, of which
amount the Company received to date approximately $ 1.2 million with the
remainder to be paid in installments upon the achievement of certain agreed upon
project milestones.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits.
None.
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.
DATED: JANUARY 31, 2007
/s/ Frank Galuppo
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FRANK GALUPPO
PRESIDENT AND CHIEF EXECUTIVE OFFICER