SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A-16 OR 15D-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the Month of October, 2001
AMDOCS LIMITED
Suite 5, Tower Hill House Le Bordage
St. Peter Port, Island of Guernsey, GY1 3QT Channel Islands
Amdocs, Inc.
1390 Timberlake Manor Parkway, Chesterfield, Missouri 63017
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.)
FORM 20 F X FORM 40 F
(Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to rule 12g3-2(b) under the
Securities Exchange Act of 1934.)
YES NO X
AMDOCS LIMITED
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
FOR THE MONTH OF OCTOBER, 2001
AGREEMENT TO ACQUIRE CLARIFY BUSINESS OF NORTEL NETWORKS
On October 1, 2001, the registrant, Amdocs Limited ("Amdocs"), entered
into an Acquisition Agreement (the "Agreement") with Nortel Networks Corporation
("Nortel Networks") to acquire substantially all of the assets of Nortel
Networks' Clarify business ("Clarify"), a provider of Customer Relationship
Management, or CRM, software to communications companies and other enterprise
sectors, for approximately $200 million in cash.
Closing under the Agreement is conditioned on, among other things,
customary regulatory approvals and compliance with certain European regulations
regarding the transfer of employees.
The transaction contemplated by the Agreement is intended to be
accounted for under the purchase accounting method under United States generally
accepted accounting principles and is expected by Amdocs to be accretive to cash
earnings per share in fiscal year 2002 and thereafter.
Amdocs expects to incur a one-time acquisition-related charge in its
first fiscal quarter ending December 31, 2001 to account for certain costs
relating to the acquisition, primarily the write-off of purchased in-process
research and development.
Attached and incorporated herein by reference in their entirety as
Exhibits are copies of the Agreement and a press release announcing the
transaction.
EXHIBITS
EXHIBIT
NO. DESCRIPTION
2.1 Acquisition Agreement dated as of October 1, 2001, between Amdocs
Limited and Nortel Networks Corporation.
99.1 Amdocs Press Release dated October 2, 2001.
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, thereunto duly authorized.
AMDOCS LIMITED
Date: October 10, 2001 /s/ THOMAS G. O'BRIEN
----------------------------------------
Thomas G. O'Brien
Treasurer and Secretary
Authorized U.S. Representative
EXHIBIT INDEX
EXHIBIT
NO. DESCRIPTION
2.1 Acquisition Agreement dated as of October 1, 2001, between Amdocs
Limited and Nortel Networks Corporation.
99.1 Amdocs Press Release dated October 2, 2001.