8x8 2008 Annual Report Download

Download and view the complete annual report

Please find the complete 2008 8x8 annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 83

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K
ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended March 31, 2008
Commission file number 000-21783
(Exact name of Registrant as Specified in its Charter)
Delaware 77-0142404
(State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification Number)
3151 Jay Street
Santa Clara, CA 95054
(Address of Principal Executive Offices including Zip Code)
(408) 727-1885
(Registrant's Telephone Number, Including Area Code)
Securities registered pursuant to Section 12(b) of the Act:
Title of each class Name of each exchange on which registered
COMMON STOCK, PAR VALUE $.001 PER SHARE Nasdaq Stock Market LLC
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YES ⌧ NO
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. YES ⌧ NO
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for
the past 90 days. ⌧ YES NO
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best
of Registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K, or any amendment to this
Form 10-K. ⌧
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See
definitions of "large accelerated filer," "accelerated filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act. (Check one):
Large accelerated filer Accelerated filer ⌧ Non-accelerated filer
(Do not check if a smaller reporting company)
Smaller reporting company
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act.) Yes No ⌧
Based on the closing sale price of the Registrant's common stock on the NASDAQ Capital Market System on September 30, 2007, the aggregate market value
of the voting stock held by non-affiliates of the Registrant was $76,538,824. For purposes of this disclosure, shares of common stock held by persons who
hold more than 5% of the outstanding shares of common stock and shares held by officers and directors of the Registrant have been excluded because such
persons may be deemed to be affiliates. The determination of affiliate status for this purpose is not necessarily a conclusive determination for any other
purpose.
The number of shares of the Registrant's common stock outstanding as of May 20, 2008 was 62,070,269.
DOCUMENTS INCORPORATED BY REFERENCE
Items 10, 11, 12, 13 and 14 of Part III incorporate information by reference from the Proxy Statement to be filed within 120 days of March 31, 2008 for the
2008 Annual Meeting of Stockholders.

Table of contents

  • Page 1
    ...Jay Street Santa Clara, CA 95054 (Address of Principal Executive Offices including Zip Code) (408) 727-1885 (Registrant's Telephone Number, Including Area Code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Name of each exchange on which registered COMMON STOCK, PAR...

  • Page 2
    ...71 72 Directors, Executive Officers and Corporate Governance Executive Compensation Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters Certain Relationships and Related Transactions, and Director Independence Principal Accountant Fees and Services 70 70 70...

  • Page 3
    ... service, and then use an 8x8-supplied terminal adapter to connect any telephone to a broadband Internet connection and make or receive calls from a regular telephone number. All Packet8 telephone accounts come with voice mail, caller ID, call waiting, call waiting caller ID, call forwarding, hold...

  • Page 4
    ... service plans, which enable our business customers to access additional Virtual Office features through on-screen phone menus. Packet8 MobileTalk enables mobile phone users to make international calls from their mobile phones over the Packet8 international network. The current Packet8 international...

  • Page 5
    ...-switched networks. As broadband connectivity, including cable modem and digital subscriber line (or DSL) has become more available and less expensive, it is now possible for service providers like us to offer voice and video services that run over these IP networks to businesses and residential...

  • Page 6
    ... free number porting from the customer' s previous service provider to Packet8. All Packet8 customers receive access to a variety of telephone features, including voice mail, caller ID, call forwarding, call waiting, 3-way calling, online account management and billing, international call blocking...

  • Page 7
    ... international rates; Unlimited Packet8 extension-to-extension dialing anywhere in the world; Direct Inward Dial (DID) phone number with any desired area code for each extension; Conference bridge, 3-way conferencing, music on hold, call park/pick-up, call transfer, hunt groups, and do not disturb...

  • Page 8
    ... shipping a new device, the BPA-430, with our Virtual Office services. The BPA or BPG device is installed by the subscriber and supports up to two voice ports with its own direct dial phone number. These adapters run a variety of communication and network protocols, including SIP and MGCP. Video...

  • Page 9
    ... the rates typically charged by the provider of the mobile phone service. We use third-party manufacturers to make the videophones, broadband phone adapters, business telephones and cordless handsets that we sell to our customers. We do not have long-term purchase agreements with any of our contract...

  • Page 10
    ...and bill calls as they originate and terminate on the service. Network Operations Center We maintain a network operations center at our headquarters in Santa Clara, California and employ a staff of 17 individuals with experience in both voice and data operations to provide 24-hour operations support...

  • Page 11
    ...calling capabilities similar to those available to subscribers of traditional switched phone lines. Moreover, interconnected VoIP providers were required to distribute stickers and labels warning customers of the limitations associated with accessing emergency services through an interconnected VoIP...

  • Page 12
    ... such as the phone numbers called by a consumer; the frequency, duration, and timing of such calls; and any services/features purchased by the consumer, such as call waiting, call forwarding, and caller ID, in addition to other information that may appear on a consumer' s bill. Under the FCC...

  • Page 13
    ... The Regulatory Fees Order requires that interconnected VoIP providers pay regulatory fees based on reported interstate and international revenues. The Regulatory Fees Order became effective in November 2007. Regulatory fees for the FCC's Fiscal Year 2007 will be due in 2008 during a separate filing...

  • Page 14
    ... 2, 2008, we received a letter from AT&T Intellectual Property, L.L.C. ("AT&T IP) expressing the belief that we must license a specified patent for use in our Packet8 broadband telephone service, as well as suggesting that we obtain a license to its portfolio of MPEG-4 patents for use with our video...

  • Page 15
    ...from broadband Internet service providers, telephone companies and cable companies must continue to invest in the deployment of high speed broadband networks to residential and business customers, over which we have no control. In addition, VoIP networks must improve quality of service for real-time...

  • Page 16
    ... exchange, or PBX, systems in that no customer premise equipment is required other than our telephones and terminal adapters. There is no "equipment closet" or dedicated voice wiring required. For many of our customers, these are new and unfamiliar concepts. Our E-911 calling service is different...

  • Page 17
    ... services and local number portability for our customers rather than deploying our own network throughout the United States. This decision has resulted in lower operating costs for our business in the short term but has reduced our operating flexibility and ability to make timely service changes...

  • Page 18
    ...-site installation and more robust customer service. In addition, because of the other services our competitors provide, they may choose to offer VoIP services as part of a bundle that includes other products, such as video, high speed Internet access and wireless telephone service, which we do not...

  • Page 19
    ... 2, 2008, we received a letter from AT&T Intellectual Property, L.L.C. ("AT&T IP) expressing the belief that we must license a specified patent for use in our Packet8 broadband telephone service, as well as suggesting that we obtain a license to its portfolio of MPEG-4 patents for use with our video...

  • Page 20
    ... subjecting VoIP services to the regulations applied to traditional telephone companies. Regulatory developments such as these could have a material adverse effect on our international operation. Future legislation or regulation of the Internet and/or voice and video over IP services could...

  • Page 21
    ...at the time of the call because customers can use their Packet8 equipment to make calls from any broadband connection anywhere in the world. We are currently deploying E-911 service that is similar to the emergency calling services provided to customers of traditional wireline telephone companies in...

  • Page 22
    ... Packet8 subscribers directly to a local PSAP through a dedicated connection and through the appropriate selective router. The FCC may issue further guidance on compliance requirements in the future that might require us to disconnect those subscribers not receiving access to emergency services...

  • Page 23
    ... such as the phone numbers called by a consumer, the frequency, duration, and timing of such calls, and any services/features purchased by the consumer, such as call waiting, call forwarding, and caller ID, in addition to other information that may appear on a consumer' s bill. Under the FCC...

  • Page 24
    ...new Packet8 service and the customer' s existing telephone service during the number transfer process. By comparison, transferring wireless telephone numbers among wireless service providers generally takes several hours, and transferring wireline telephone numbers among traditional wireline service...

  • Page 25
    ... credit card transaction processing services. A fundamental requirement for operating an Internet-based, worldwide voice and video communications service and electronically billing our Packet8 customers is the secure transmission of confidential information and media over public networks. Although...

  • Page 26
    changes in market demand; the timing of customer orders; customer cancellations; competitive market conditions; lengthy sales cycles and/or regulatory approval cycles; new product introductions by us or our competitors; market acceptance of new or existing products; the cost and availability of ...

  • Page 27
    ... into the VOIP service marketplace, including cable and incumbent telephone companies and other wellcapitalized competitors; new products or new contracts by us, our competitors or their customers; the perceived or real impact of events that negatively affect our direct competitors; and developments...

  • Page 28
    ...operations are located in an approximately 47,000 square foot facility in Santa Clara, California that is leased through August 2009. Design, testing, research and development, sales and marketing, shipping, customer service and administrative activities are performed at this facility. We also lease...

  • Page 29
    ... We completed our initial public offering on July 2, 1997 under the name 8x8, Inc. From that date through April 3, 2000, our common stock was traded on what was then known as the NASDAQ National Market (the NASDAQ) under the symbol "EGHT." From April 4, 2000 through July 18, 2001, our common...

  • Page 30
    ...31, 2003 in each of 8x8' s common stock, the NASDAQ Composite Index and the NASDAQ Telecommunications Index. The graph is furnished, not filed, and the historical return cannot be indicative of future performance. COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN* Among 8 x 8, Inc., The NASDAQ Composite...

  • Page 31
    ... telecommunication services for Internet protocol, or IP, telephony and video applications. We offer the Packet8 broadband VoIP and video communications service, Packet8 Virtual Office service, videophone equipment and services, and the Packet8 MobileTalk service. We shipped our first VoIP product...

  • Page 32
    ... and receive a full refund of fees previously paid. During the first few years of our Packet8 service, we lacked sufficient history to apply a return rate and reserve against new order revenue and, accordingly, deferred new subscriber revenue until the 30-day acceptance period had expired. In...

  • Page 33
    ... of warrant liability. The fair value of the warrant is determined using a Black-Scholes option pricing model, and is affected by changes in inputs to that model including our stock price, expected stock price volatility and contractual term. The amount we record as a liability under EITF 00-19 is...

  • Page 34
    ...for the expected term equal to the expected term of the option. The dividend yield assumption was based on our history and expectation of future dividend payout. SFAS No. 123(R) requires us to calculate the additional paid in capital pool ("APIC Pool") available to absorb tax deficiencies recognized...

  • Page 35
    ... number of lines on the last day of the period, divided by two however, for this purpose we do not include terminations that occur within the first 30 days after purchasing our service. We use the churn rate to evaluate whether we are retaining our existing subscribers in accordance with our plans...

  • Page 36
    ... to marketing our Packet8 Virtual Office services to small businesses. In addition, we waived the regular start-up costs, which include the equipment cost associated with residential service plans, as part of the transition of a competitor' s former customers to the Packet8 service. The decrease in...

  • Page 37
    ..., scheduling, quality assurance, shipping and handling. We generally do not charge Packet8 residential subscribers for the terminal adapters used to provide our service when they subscribe through our website. We also have offered incentives to customers who purchase terminal adapters in our...

  • Page 38
    ... 2006. In addition, we shipped fewer residential terminal adapters and Packet8 videophones in fiscal 2007 than 2006. The decrease in expenses was partially offset by an increase in Packet8 Virtual Office equipment sales. RESEARCH AND DEVELOPMENT EXPENSES Year Ended March 31, 2008 2007 2006 Research...

  • Page 39
    ... or loss. The fair value of the warrant is determined using a Black-Scholes option pricing model, and is affected by changes in inputs to that model including our stock price, expected stock price volatility and contractual term. To the extent that the fair value of the warrant liability increases...

  • Page 40
    ... state tax reporting purposes of approximately $3.3 million and $2.9 million, respectively. The federal credit carryforwards will begin expiring in 2009 continuing through 2028, while the California credit will carryforward indefinitely. Under the ownership change limitations of the Internal Revenue...

  • Page 41
    ...2007 levels was primarily due to a sell through of residential customer premise equipment, a decrease in the purchase of customer premise equipment and a reduction in purchase prices. Accrued taxes and fees represented a source of cash of $0.8 million in fiscal 2008 compared with a source of cash of...

  • Page 42
    ... for office equipment bearing interest at various rates. Assets under capital lease at March 31, 2008 totaled $182,000 with accumulated amortization of $65,000. We lease our primary facility in Santa Clara, California under a non-cancelable operating lease that expires in fiscal 2010. The Company...

  • Page 43
    ... are directly imposed on revenue-producing transactions (e.g. sales, use, and excise taxes) between a seller and a customer on either a gross basis (included in revenues and costs) or on a net basis (excluded from revenues) is an accounting policy decision that should be disclosed. In addition, for...

  • Page 44
    ... FINANCIAL STATEMENTS: Report of Independent Registered Public Accounting Firm Consolidated Balance Sheets at March 31, 2008 and 2007 Consolidated... above have been omitted because they are inapplicable, because the required information has been included in the financial statements or notes thereto...

  • Page 45
    ... April 1, 2006, the Company changed its method of accounting for stock-based compensation in accordance with Statement of Financial Accounting Standard No. 123 (revised 2004), "Share-Based Payment." A company's internal control over financial reporting is a process designed to provide reasonable...

  • Page 46
    ...sold Other current assets Total current assets Property and equipment, net Other assets Total assets LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable Accrued compensation Accrued warranty Accrued taxes Deferred revenue Other accrued liabilities Total current liabilities Non...

  • Page 47
    ... 8,084 53,130 $ 2008 Service revenues Product revenues Total revenues Operating expenses: Cost of service revenues Cost of product revenues Research and development Selling, general and administrative Total operating expenses Loss from operations Other income, net Income on change in fair value of...

  • Page 48
    ... Income (Loss) (20) (15) (35) 32 (3) 8 5 Balance at March 31, 2005 Issuance of common stock under stock plans Sale of common stock and warrants in financing transactions Stock compensation charge Unrealized investment loss Net loss Total comprehensive loss Balance at March 31, 2006 Issuance of...

  • Page 49
    ...discount and premium on marketable securities Other Changes in assets and liabilities: Accounts receivable, net Inventory Other current and noncurrent assets Deferred cost of goods sold Accounts payable Accrued compensation Accrued warranty Accrued taxes Deferred revenue Other current and noncurrent...

  • Page 50
    ... broadband Internet connection to make or receive calls from a regular telephone number. All Packet8 telephone accounts come with voice mail, caller ID, call waiting, call waiting caller ID, call forwarding, hold, line-alternate, 3-way conferencing, web access to account controls, and online billing...

  • Page 51
    ... new subscriber revenue from its Packet8 service offerings upon the expiration of the applicable acceptance period. Under the terms of the Company' s typical subscription agreement, new customers can terminate their service within 30 days of order placement and receive a full refund of fees...

  • Page 52
    ... 3,382 12,157 As of March 31, 2007 Money market funds Commercial paper Federal agency securities Auction rate securities Total available-for-sale investments Reported as (in thousands): Cash and cash equivalents Short-term investments Total $ $ Amortized Costs 4,585 499 2,500 2,700 10,284 Gross...

  • Page 53
    ... Gains or losses on the disposition of property and equipment are recorded in the loss from operations. IMPAIRMENT OF LONG-LIVED ASSETS 8x8 reviews the recoverability of its long-lived assets, such as plant and equipment, when events or changes in circumstances occur that indicate that the carrying...

  • Page 54
    ..., rebates and equipment subsidy costs associated with our efforts to acquire new subscribers. FOREIGN CURRENCY TRANSLATION Assets and liabilities of the Company's foreign subsidiaries are translated from their respective functional currencies at exchange rates in effect at the balance sheet date...

  • Page 55
    ... financial position and cash flows. The Company also relies primarily on two third party network service providers to provide telephone numbers and public switched telephone network (PSTN) call termination and origination services for its customers. If these service providers failed to perform their...

  • Page 56
    ... Plan for actual and pro forma stock-based compensation the Company used the Black-Scholes option valuation model. Fair value determined using the Black-Scholes option valuation model varies based on assumptions used for the expected stock prices volatility, expected life, risk free interest rates...

  • Page 57
    ... employee stock-based compensation determined pursuant to SFAS No.123 Pro forma net loss As reported net loss per share Pro forma net loss per share $ $ $ $ SFAS No. 123(R) requires the Company to calculate the additional paid in capital pool ("APIC Pool") available to absorb tax deficiencies...

  • Page 58
    ...(R), changes in an acquired entity' s deferred tax assets and uncertain tax positions after the measurement period will impact income tax expense. SFAS No. 141(R) applies prospectively to business combinations for which the acquisition date is on or after the beginning of the first annual reporting...

  • Page 59
    ... adjustments) of 8x8 common stock, at a purchase price per share equal to $5.50 (subject to certain customary adjustments). Only the vested portion of the warrant could be exercised, and vesting was based on the number of customers subscribing to the Company' s Packet8 service that were referred...

  • Page 60
    ... credit carryforwards will expire at various dates beginning in 2009 and continuing through 2028, while the California credits will carryforward indefinitely. Under applicable tax laws, the amount of and benefits from net operating losses and credits that can be carried forward may be impaired...

  • Page 61
    ... through 2008 tax years generally remain subject to examination by the Internal Revenue Service, California and various states. The Company plans to extend the filing date of the 2008 federal tax return and all state income tax returns. In foreign tax jurisdictions, the 2005 through 2008 tax years...

  • Page 62
    ...Santa Clara, California under a non-cancelable operating lease agreement that expires in August 2009. The Company also has leased facilities in France. The facility leases include rent escalation clauses, and require the Company to pay taxes, insurance and normal maintenance costs. At March 31, 2008...

  • Page 63
    ... Company, are required to offer 9-1-1 emergency calling capabilities similar to those available to subscribers of traditional switched phone lines. Moreover, interconnected VoIP providers were required to distribute stickers and labels warning customers of the limitations associated with accessing...

  • Page 64
    ... such as the phone numbers called by a consumer; the frequency, duration, and timing of such calls; and any services/features purchased by the consumer, such as call waiting, call forwarding, and caller ID, in addition to other information that may appear on a consumer' s bill. Under the FCC...

  • Page 65
    ... registered address. As of April 5, 2008, the Company has implemented a 7-1-1 system which routes such calls to the appropriate relay center based upon the telephone number assigned to the account. On August 6, 2007, the FCC released a Report and Order concerning the collection of regulatory fees...

  • Page 66
    ... the Packet8 service, cannot be determined. But as a general matter, increased regulation and the imposition of additional funding obligations increases the Company' s costs of providing service that may or may not be recoverable from the Company' s customers which could result in making the Company...

  • Page 67
    ...26 0.90 1.80 $ 2.00 3,935,125 10,301,064 Significant option groups outstanding at March 31, 2008 and related weighted average exercise price and contractual life information for 8x8, Inc.'s stock option plans are as follows: Options Outstanding Weighted Weighted Average Average Exercise Remaining...

  • Page 68
    ... date will be set for each option under the plan which exercise date will occur before the date of the merger or asset sale. Assumptions Used to Calculate Stock-Based Compensation Expense The fair value of each of the Company's option grants has been estimated on the date of grant using the Black...

  • Page 69
    ...assessing financial performance. The Company has only one reportable segment. The following table presents net revenues by groupings of similar products (in thousands). Years Ended March 31, 2008 2007 60,891 $ 52,799 $ 723 230 32 101 61,646 $ 53,130 $ Packet8 service, equipment and other Technology...

  • Page 70
    ...) Additions Charged to Costs, Expenses and Other Description Year ended March 31, 2006: Allowance for doubtful accounts Valuation allowance for deferred tax assets Year ended March 31, 2007: Allowance for doubtful accounts Valuation allowance for deferred tax assets Year ended March 31, 2008...

  • Page 71
    ... ON ACCOUNTING AND FINANCIAL DISCLOSURE None. ITEM 9A. CONTROLS AND PROCEDURES Changes in Internal Control Over Financial Reporting There have not been any changes in the Company's internal control over financial reporting, as such term is defined in Rules 13a-15(f) and 15d-15(f) under the...

  • Page 72
    ... of Conduct and Ethics by posting such information in the corporate governance section on its website at www.8x8.com. ITEM 11. EXECUTIVE COMPENSATION Information relating to executive compensation will be presented in our definitive proxy statement for our 2008 Annual Meeting of Stockholders to be...

  • Page 73
    ... in our definitive proxy statement for our 2008 Annual Meeting of Stockholders to be held on or about August 26, 2008, which information is incorporated into this report by reference. ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES Information required to be provided in response to this item...

  • Page 74
    ... signed on its behalf by the undersigned, thereunto duly authorized, in the City of Santa Clara, State of California, on May 23, 2008. 8X8, INC. By: /s/ BRYAN R. MARTIN Bryan R. Martin, Chairman and Chief Executive Officer POWER OF ATTORNEY KNOW ALL PERSONS BY THESE PRESENT, that each person whose...

  • Page 75
    8X8, INC. EXHIBIT INDEX Exhibit Number 3.1 (a) 3.1.1(b) 3.2 (c) 4.1 (d) Exhibit Title Form of Restated Certificate of Incorporation of Registrant. Certificate of Amendment of Restated Certificate of Incorporation of Registrant Bylaws of Registrant. Form of Common Stock Warrant issued to the ...

  • Page 76
    ... of Chief Financial Officer of the Registrant pursuant to 18 U.S.C. 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. * Indicates management contract or compensatory plan or arrangement. (a) Incorporated by reference to identically numbered exhibits filed in response to...

  • Page 77
    ... to identically numbered exhibits filed in response to Item 9.01, "Exhibits" of the Registrant's Report on Form 8-K filed on October 1, 2004. (f) Incorporated by reference to identically numbered exhibit filed in response to Item 7, "Exhibits" of the Registrant's Report on Form 8-K filed on July...

  • Page 78
    EXHIBIT 21.1 SUBSIDIARIES OF REGISTRANT Name 8x8 Europe SARL Netergy Microelectronics, Inc. Visit, Inc. France California, USA California, USA Jurisdiction of Incorporation

  • Page 79
    CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM We hereby consent to the incorporation by ...137599) of 8x8, Inc. of our report dated May 23, 2008, relating to the financial statements, financial statement schedule and the effectiveness of internal control over financial reporting, which ...

  • Page 80
    ... R. Martin, certify that: 1. I have reviewed this Annual Report on Form 10-K of 8x8, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which...

  • Page 81
    ... Weirich, certify that: 1. I have reviewed this Annual Report on Form 10-K of 8x8, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which...

  • Page 82
    ... In connection with the Annual Report of 8x8, Inc. (the "Company") on Form 10-K for the year ended March 31, 2008, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Bryan R. Martin, Chairman and Chief Executive Officer of the Company, certify, pursuant to 18...

  • Page 83
    Exhibit 32.2 CERTIFICATION PURSUANT TO 18 U.S. C. SECTION 1350, AS ADOPTED PURSUANT TO SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002 In connection with the Annual Report of 8x8, Inc. (the "Company") on Form 10-K for the year ended March 31, 2008, as filed with the Securities and Exchange Commission ...