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
August 5, 2003
Date of Report
(Date of earliest event reported)
SORRENTO NETWORKS CORPORATION
(Exact name of Registrant as specified in charter)
DELAWARE
(State or other jurisdiction of incorporation)
0-15810 04-3757586
(Commission File No.) (IRS Employer Identification Number)
9990 Mesa Rim Road
San Diego, California 92121
(Address of Principal Executive Office)
(858) 558-3960
(Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE
On August 5, 2003 Sorrento Networks Corporation issued a press release
announcing the launch of a new product line for the video on demand transport
market. A copy of the press release is furnished as Exhibit 99.1 to this report.
ITEM 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
Also on August 5, 2003, Sorrento Networks Corporation issued a press release
announcing that it expects to report revenues of approximately $4.3 million for
the second quarter ended July 31, 2003, down approximately $800,000 from the
second quarter of the prior year. Sorrento Networks Corporation stated that it
will announce at a later time the date of the conference call to discuss full
financial results for the second quarter of fiscal 2004. A copy of the press
release is furnished as Exhibit 99.1 to this report.
This report contains forward-looking statements that are based on current
expectations, estimates, forecasts and projections about the industries in which
we operate, our beliefs and our management's assumptions. Words such as
"expects," "anticipates," "targets," "goals," "projects," "intends," "plans,"
"believes," "seeks," "estimates" and variations of such words and similar
expressions are intended to identify such forward-looking statements. These
statements are not guarantees of future performance and involve certain risks,
uncertainties and assumptions that are difficult to predict. Therefore, actual
outcomes and results may differ materially from what is expressed or forecast in
such forward-looking statements. For a list and description of such risks and
uncertainties, see the reports filed by Sorrento Networks Corporation with the
Securities and Exchange Commission.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Not applicable
(b) Not applicable
(c) Exhibits Description
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99.1 Press Release dated August 5, 2003.
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.
SORRENTO NETWORKS CORPORATION
DATE: August 12, 2003 By: /s/ Joe R. Armstrong
-------------------------
Joe R. Armstrong,
Chief Financial Officer