Table of Contents

SECURITIES AND EXCHANGE COMMISSION

---

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): December 18, 2003

ViaSat, Inc.

(Exact name of registrant as specified in its charter)

6155 El Camino Real
Carlsbad, CA 92009

(Address of principal executive offices, including zip code)

---

Registrant’s telephone number, including area code: (760) 476-2200

---

 

---

	Item 5. Other Events and Required FD Disclosure.
	Item 7. Exhibits.
SIGNATURE
EXHIBIT INDEX
VIASAT, INC.

---

Table of Contents

Item 5. Other Events and Required FD Disclosure.

     On December 18, 2003, ViaSat, Inc. issued a press release announcing that it had reached an agreement with Scientific-Atlanta, Inc. relating to the indemnification for costs claimed by ViaSat to have been incurred for customer and contract obligations and assets acquired in connection with its acquisition of Scientific-Atlanta’s satellite networks business in April 2000. The press release is attached hereto as Exhibit 99.1.

Item 7. Exhibits.

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.

 

---

Table of Contents

EXHIBIT INDEX

 

                                                                    EXHIBIT 99.1

                VIASAT REACHES AGREEMENT WITH SCIENTIFIC-ATLANTA

CARLSBAD, CA - ViaSat, Inc. (NASDAQ: VSAT), a provider of communication
equipment for government and commercial customers, announced today that it has
reached an agreement with Scientific-Atlanta (NYSE: SFA) relating to the
indemnification for costs claimed by ViaSat to have been incurred for customer
and contract obligations and assets acquired in connection with its acquisition
of Scientific-Atlanta's satellite networks business in April 2000. Under the
terms of the agreement, Scientific-Atlanta will pay ViaSat $9.0 million in cash,
and the parties will jointly dismiss the litigation concerning the acquisition
currently pending between them in the United States District Court for the
Northern District of Georgia. Neither party admitted liability in connection
with that litigation, or in the agreement resolving it.

Upon receipt of the payment, ViaSat expects to record a pre-tax gain of
approximately $6.3 million, which is net of specific assets claimed and legal
costs. This is expected to add approximately $0.13 per share to our results on a
fully diluted basis for the third quarter ended January 2, 2004. These amounts
are preliminary and may differ from the amounts included in the final results
for the quarter.

ABOUT VIASAT
ViaSat produces innovative satellite and other wireless communication products
that enable fast, easy and efficient communications to any location. ViaSat has
a full line of VSAT products for data and voice applications. ViaSat is a market
leader in Ka-band satellite systems, from user terminals to large gateways.
Other products include network security devices, tactical data radios and
communication simulators. ViaSat has locations in Carlsbad, CA, and Norcross,
GA, along with its Comsat Laboratories division based in Clarksburg, MD.
Additional field offices are located in Boston, MA, Washington DC/Baltimore,
Italy, Australia, China, and India.

In addition, ViaSat's wholly-owned subsidiary, U.S. Monolithics, designs and
produces monolithic microwave integrated circuits (MMICs) and modules for use in
broadband communications. USM is based in Chandler, Arizona.

SAFE HARBOR STATEMENT
      Portions of this release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. ViaSat wishes
to caution you that there are some factors that could cause actual results to
differ materially from historical results or from any results expressed or
implied by such forward-looking statements, including but not limited to: the
possibility that the settlement with Scientific-Atlanta may not be consummated
on the terms described in this release, or at all, the possibility that the
impact of the settlement with Scientific-Atlanta on ViaSat's financial results
may vary from the amounts set forth in this release, ViaSat's ability to perform
under existing contracts and obtain additional contracts, ViaSat's ability to
develop new products that gain market acceptance, changes in product supply,
pricing and customer demand, changes in relationships with, or the financial
condition of, key customers or suppliers, changes in government regulations,
changes in economic conditions globally and in the communications markets in
particular, increased competition, potential product liability, infringement and
other claims, and other factors affecting the communications industry generally.
ViaSat refers you to the documents it files from time to time with the
Securities and Exchange Commission, specifically the section titled Factors That
May Affect Future Performance in ViaSat's Form 10-K. These documents contain and
identify other important factors that could cause actual results to differ
materially from those contained in our projections or forward-looking
statements. Stockholders and other readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date on
which they are made. We undertake no obligation to update publicly or revise any
forward-looking statements.

      Comsat Labs and Comsat Laboratories are tradenames of ViaSat, Inc. Neither
Comsat Labs nor Comsat Laboratories is affiliated with COMSAT Corporation.
"Comsat" is a registered trademark of COMSAT Corporation.