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
May
10, 2007
Date
of Report (Date of earliest event reported)
SONUS
NETWORKS, INC.
(Exact
Name of Registrant as Specified in its Charter)
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DELAWARE
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000-30229
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04-3387074
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(State
or Other Jurisdiction
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(Commission
File Number)
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(IRS
Employer
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of
Incorporation)
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Identification
No.)
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7
TECHNOLOGY PARK DRIVE, WESTFORD, MASSACHUSETTS 01886
(Address
of Principal Executive Offices) (Zip Code)
(978)
614-8100
(Registrant's
telephone number, including area code)
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.
On
May
10, 2007, Sonus Networks, Inc. (the "Company") received a letter from the NASDAQ
Stock Market, stating that the Nasdaq
Listing and Hearing Review Council has granted the Company an exception to
demonstrate compliance with the Nasdaq Global Select Market’s continued listing
requirements until June 26, 2007. The Company, accordingly, has until June
26,
2007 to file its restated and delayed financial reports.
A
copy of
the Company's press release is attached hereto as Exhibit 99.1 and is
incorporated in this Item 8.01 by reference.
Item
9.01. Financial Statements and Exhibits.
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(d)
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Exhibits
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The
following exhibit relating to Item 8.01 shall be deemed to be furnished, and
not
filed:
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99.1
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Press
release of Sonus Networks, Inc. dated May 14, 2007 providing an update
on
Nasdaq listing status.
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SIGNATURE
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.
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Date:
May 14, 2007
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Sonus
Networks, Inc.
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| By: | /s/ Charles J. Gray | |
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Charles
J. Gray
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Vice
President and General
Counsel
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2
Exhibit
Index
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99.1
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Press
release of Sonus Networks, Inc. dated May 14, 2007 providing an update
on
Nasdaq listing status.
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3
Sonus
Networks Provides Update on Nasdaq Listing Status
WESTFORD,
Mass., May 14 /PRNewswire-FirstCall/ -- Sonus Networks, Inc. (Nasdaq: SONS),
a
leading supplier of service provider Voice-over-IP (VoIP) infrastructure
solutions, announced today that the Nasdaq Listing and Hearing Review Council
has granted Sonus Networks an exception to demonstrate compliance with the
Nasdaq Global Select Market's continued listing requirements until June 26,
2007. The Company, accordingly, has until June 26, 2007 to file its restated
and
delayed financial reports.
About
Sonus Networks
Sonus
Networks, Inc. is a leading provider of Voice-over-IP (VoIP) infrastructure
solutions for wireline and wireless service providers. With its comprehensive
IP
Multimedia Subsystem (IMS) solution, Sonus addresses the full range of carrier
applications, including residential and business voice services, wireless voice
and multimedia, trunking and tandem switching, carrier interconnection and
enhanced services. Sonus' voice infrastructure solutions are deployed in service
provider networks worldwide. Founded in 1997, Sonus is headquartered in
Westford, Massachusetts. Additional information on Sonus is available at
http://www.sonusnet.com.
This
release may contain forward-looking statements regarding future events that
involve risks and uncertainties. Readers are cautioned that these
forward-looking statements are only predictions and may differ materially from
actual future events or results. Readers are referred to Item 1A "Risk Factors"
of Sonus' Quarterly Report on Form 10-Q dated May 8, 2006, filed with the SEC,
which identifies important risk factors that could cause actual results to
differ from those contained in the forward-looking statements. Risk factors
include among others: the impact of material weaknesses in our disclosure
controls and procedures and our internal control over financial reporting on
our
ability to report our financial results timely and accurately; the
unpredictability of our quarterly financial results; risks and uncertainties
associated with the Company's announced review of its historical stock option
grants and accounting, including the impact on the Company's financial
statements or results, any tax liabilities or penalties, the Company's inability
to timely report with the Securities and Exchange Commission, whether the
Company will file its required SEC reports by June 26, 2007 and remain listed
on
the NASDAQ Global Select Market, regulatory actions or litigation arising out
of
the review or any restatement; risks associated with our international expansion
and growth; consolidation in the telecommunications industry; and potential
costs resulting from pending securities litigation against the company. Any
forward-looking statements represent Sonus' views only as of today and should
not be relied upon as representing Sonus' views as of any subsequent date.
While
Sonus may elect to update forward-looking statements at some point, Sonus
specifically disclaims any obligation to do so.
Sonus
is
a registered trademark of Sonus Networks, Inc. All other company and product
names may be trademarks of the respective companies with which they are
associated.
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Sonus
Investor Relations:
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Sonus
Media Relations:
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Jocelyn
Philbrook
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Sarah
McAuley
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978-614-8672
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978-614-8745
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jphilbrook@sonusnet.com
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smcauley@sonusnet.com
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SOURCE
Sonus Networks, Inc.
-0- 05/14/2007
/CONTACT:
Investors, Jocelyn Philbrook, +1-978-614-8672, jphilbrook@sonusnet.com, or
Media, Sarah McAuley, +1-978-614-8745, smcauley@sonusnet.com, both of Sonus
Networks, Inc./