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): April 4, 2003

 

LIBERATE TECHNOLOGIES

(Exact Name of Registrant as Specified in Charter)

 

 

Company’s telephone number, including area code: (650) 701-4000

 

 

(Former Name or Former Address, if Changed Since Last Report.)

 

 

Item 5.  Other Events and Regulation FD Disclosure.

 

Due to a restructuring of the company’s business, Liberate Technologies plans to reduce its number of employees from 369 to 250.  The 32% reduction in Liberate’s workforce will take place over the next three months.  Most of the reduction in headcount will come from Liberate’s corporate office in San Carlos, California.  Liberate expects to record a restructuring expense of approximately $3 million in connection with the reduction.

 

Note Regarding Forward-Looking Statements:  This report contains forward-looking statements about Liberate’s expected employment and expenses.  These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially.  Liberate may determine that it should make further reductions in its workforce, and any current or future reduction in force could harm its business prospects and results of operations.

 

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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 hereunto duly authorized.

 

	LIBERATE TECHNOLOGIES
Date: April 4, 2003	By:	/s/ Kent Walker
	Name:	Kent Walker
	Title:	Chief Financial Officer

 

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