SEC Company Response from MERCURY SYSTEMS INC (MRCY) (CIK 0001049521) (MRCY) — Apr 19, 2005
MERCURY SYSTEMS INC (MRCY) (CIK 0001049521)
Date: April 19, 2005 · CIK: 0001049521 · Accession: 0001193125-05-079573
AI Filing Summary & Sentiment
Referenced dates: March 1, 2005
Letter
VIA EDGAR AND OVERNIGHT COURIER Division of Corporation Finance Securities and Exchange Commission Form 10-K for the fiscal year ended June 30, 2004 Filed September 10, 2004 Form 10-Q for the quarter ended December 31, 2004 File No. 0-23599
Dear Mr. Gordon:
This letter is submitted on behalf of Mercury Computer Systems, Inc. (the “Company”) in response to the further comments of the staff of the Division of Corporation Finance (the “Staff”) of the Securities and Exchange Commission raised in your letter of April 5, 2005 to Robert E. Hult, Senior Vice President and Chief Financial Officer of the Company (the “Comment Letter”). For reference purposes, the text of the Comment Letter has been reproduced herein with responses below each numbered comment.
Concurrently herewith, the Company is filing amendments to its Form 10-K for the fiscal year ended June 30, 2004 (the “Form 10-K”) and Form 10-Q for the fiscal quarter ended December 31, 2004 (the “Form 10-Q”) in response to the Staff’s comments in the Comment Letter and the previous letter to the undersigned dated March 1, 2005. For your convenience, enclosed please find a copy of each of Amendment No. 1 to the Form 10-K and Amendment No. 1 to the Form 10-Q.
Form 10-K as of June 30, 2004
Note G – Acquisitions – Page 53
Comment 1:
We note your response to prior comment 1. We note that you included a discussion of the factors that contributed to a purchase price that resulted in the recognition of goodwill for each of the acquisitions
Mr. Daniel Gordon
Securities and Exchange Commission
April 19, 2005
Page 2
under the headings “Unallocated Purchase Price” for each acquisition in your response dated March 29, 2005. Revise future filings to include these disclosures in your financial statements in accordance with paragraph 51(b) of SFAS No. 141.
Response 1:
In response to the Staff’s comment, the Company will revise its future filings to include such disclosures in its financial statements in accordance with paragraph 51(b) of SFAS No. 141.
Item 9A. Controls and Procedures – Page 68
Comment 2:
We note your response to prior comment 3. The language that appears after the word “effective” does not appear to include the full definition of disclosure controls and procedures contained in Rule 13a-15(e) of the Exchange Act. Please revise your conclusion to state simply whether your disclosure controls and procedures were effective. In the alternative, revise to clarify, if true, that your officers concluded that your disclosure controls and procedures were also effective to ensure that information required to be disclosed in the reports that you file or submit under the Exchange Act is accumulated and communicated to your management, including your chief executive officer and chief financial officer, to allow timely decisions regarding required disclosure. Refer to Rule 13a-15(e) of the Exchange Act.
Response 2:
The Company has revised the disclosure in Item 9A of Amendment No. 1 to the Form 10-K in response to the Staff’s comment.
* * * * *
If you should have any questions concerning the enclosed matters, please contact the undersigned at (978) 256-1300.
Very truly yours,
/s/ Robert E. Hult
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CORRESP 1 filename1.htm LETTER TO THE SEC [MERCURY COMPUTER LOGO APPEARS HERE] April 19, 2005 VIA EDGAR AND OVERNIGHT COURIER Mr. Daniel Gordon Branch Chief Division of Corporation Finance Securities and Exchange Commission 450 Fifth Street, N.W. Washington, DC 20549 Re: Mercury Computer Systems, Inc. Form 10-K for the fiscal year ended June 30, 2004 Filed September 10, 2004 Form 10-Q for the quarter ended December 31, 2004 File No. 0-23599 Dear Mr. Gordon: This letter is submitted on behalf of Mercury Computer Systems, Inc. (the “Company”) in response to the further comments of the staff of the Division of Corporation Finance (the “Staff”) of the Securities and Exchange Commission raised in your letter of April 5, 2005 to Robert E. Hult, Senior Vice President and Chief Financial Officer of the Company (the “Comment Letter”). For reference purposes, the text of the Comment Letter has been reproduced herein with responses below each numbered comment. Concurrently herewith, the Company is filing amendments to its Form 10-K for the fiscal year ended June 30, 2004 (the “Form 10-K”) and Form 10-Q for the fiscal quarter ended December 31, 2004 (the “Form 10-Q”) in response to the Staff’s comments in the Comment Letter and the previous letter to the undersigned dated March 1, 2005. For your convenience, enclosed please find a copy of each of Amendment No. 1 to the Form 10-K and Amendment No. 1 to the Form 10-Q. Form 10-K as of June 30, 2004 Note G – Acquisitions – Page 53 Comment 1: We note your response to prior comment 1. We note that you included a discussion of the factors that contributed to a purchase price that resulted in the recognition of goodwill for each of the acquisitions Mr. Daniel Gordon Securities and Exchange Commission April 19, 2005 Page 2 under the headings “Unallocated Purchase Price” for each acquisition in your response dated March 29, 2005. Revise future filings to include these disclosures in your financial statements in accordance with paragraph 51(b) of SFAS No. 141. Response 1: In response to the Staff’s comment, the Company will revise its future filings to include such disclosures in its financial statements in accordance with paragraph 51(b) of SFAS No. 141. Item 9A. Controls and Procedures – Page 68 Comment 2: We note your response to prior comment 3. The language that appears after the word “effective” does not appear to include the full definition of disclosure controls and procedures contained in Rule 13a-15(e) of the Exchange Act. Please revise your conclusion to state simply whether your disclosure controls and procedures were effective. In the alternative, revise to clarify, if true, that your officers concluded that your disclosure controls and procedures were also effective to ensure that information required to be disclosed in the reports that you file or submit under the Exchange Act is accumulated and communicated to your management, including your chief executive officer and chief financial officer, to allow timely decisions regarding required disclosure. Refer to Rule 13a-15(e) of the Exchange Act. Response 2: The Company has revised the disclosure in Item 9A of Amendment No. 1 to the Form 10-K in response to the Staff’s comment. * * * * * If you should have any questions concerning the enclosed matters, please contact the undersigned at (978) 256-1300. Very truly yours, /s/ Robert E. Hult Robert E. Hult Senior Vice President and Chief Financial Officer Enclosures Mr. Daniel Gordon Securities and Exchange Commission April 19, 2005 Page 3 cc: Martin James Kevin Vaughn Securities and Exchange Commission Lisa R. Haddad Goodwin Procter LLP Michael D. Poirier PricewaterhouseCoopers LLP