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  <TITLE>Form 8-K</TITLE>
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  <HR SIZE="3" NOSHADE COLOR="#000000" ALIGN="left"><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="5" COLOR="#000000"><B>UNITED STATES </B></FONT></P><P
  STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="5" COLOR="#000000"><B>SECURITIES AND EXCHANGE COMMISSION </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
  FACE="Times New Roman" SIZE="3" COLOR="#000000"><B>Washington, D.C. 20549 </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><HR WIDTH="17%" SIZE="1" NOSHADE COLOR="#000000"><P
  STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="5" COLOR="#000000"><B>FORM 8-K </B></FONT></P><P
  STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><HR WIDTH="17%" SIZE="1" NOSHADE COLOR="#000000"><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"
  ALIGN="center"><FONT FACE="Times New Roman" SIZE="5" COLOR="#000000"><B>CURRENT REPORT </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
  FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P
  STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>Date of Report (Date of earliest event reported): April 16, 2003 </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT
  SIZE="1">&nbsp;</FONT></P><HR WIDTH="17%" SIZE="1" NOSHADE COLOR="#000000"><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="6"
  COLOR="#000000"><B>INTEGRATED TELECOM EXPRESS, INC. </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>(Exact Name of Registrant as specified in charter)
  </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>Commission File Number 000-31259
  </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><HR WIDTH="17%" SIZE="1" NOSHADE COLOR="#000000"><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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  <TD VALIGN="top" ALIGN="center" WIDTH="48%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>Delaware</B></FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="top" ALIGN="center" WIDTH="48%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>77-0403748</B></FONT></P></TD></TR>
  <TR>
  <TD VALIGN="top" ALIGN="center" WIDTH="48%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>(State or other jurisdiction of incorporation)</B></FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="top" ALIGN="center" WIDTH="48%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>(I.R.S. Employer Identification Number)</B></FONT></P></TD></TR>
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  <TD HEIGHT="8"></TD></TR>
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  <TD VALIGN="top" ALIGN="center" WIDTH="48%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>10121 Miller Avenue, Suite 202<BR>Cupertino, California</B></FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="bottom" ALIGN="center" WIDTH="48%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>95014</B></FONT></P></TD></TR>
  <TR>
  <TD VALIGN="top" ALIGN="center" WIDTH="48%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>(Address of principal executive offices)</B></FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="top" ALIGN="center" WIDTH="48%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>(Zip Code)</B></FONT></P></TD></TR>
  </TABLE><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2"
  COLOR="#000000"><B>Registrant&#146;s telephone number, including area code: (408) 257-3243 </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><HR SIZE="3" NOSHADE COLOR="#000000" ALIGN="left">
  
  <p Style='page-break-before:always'>
  <HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  
  <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>Item 3. Bankruptcy or
  Receivership </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">On April 16, 2003, the United
  States Bankruptcy Court for the District of Delaware (the &#147;Bankruptcy Court&#148;) entered an order (the &#147;Confirmation Order&#148;) approving the Second Amended Plan of Liquidation under Chapter 11 of the Bankruptcy Code (the
  &#147;Plan&#148;) of Integrated Telecom Express, Inc. (the &#147;Debtor&#148; or the &#147;Registrant&#148;). </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P
  STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">The landlord of the Debtor&#146;s former corporate offices has filed a motion to stay the Bankruptcy Court&#146;s Confirmation Order. A
  hearing for this motion has been scheduled for April 29, 2003. </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2"
  COLOR="#000000">A copy of the Plan is attached hereto as Exhibit 2.1. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Plan. A copy of the Confirmation Order is attached hereto as Exhibit 2.2.
  </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">The following is a summary of the material
  features of the Plan. </FONT></P><P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">(a) The
  effective date (the &#147;Effective Date&#148;) of the Plan will be a date to be selected by the Debtor no later than thirty (30) days after the confirmation date on which (i) no stay of the confirmation order is in effect and (b) all other
  conditions precedent to consummation of the Plan have been satisfied or waived. </FONT></P><P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
  FACE="Times New Roman" SIZE="2" COLOR="#000000">(b) Through the Plan, the Debtor will liquidate its remaining assets and complete the wind-up of its business. The Plan provides for the appointment of a Plan Administrator who will manage the
  liquidation of the Debtor&#146;s assets and wind-up of its business. </FONT></P><P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; margin-left:4%; text-indent:4%"><FONT
  FACE="Times New Roman" SIZE="2" COLOR="#000000">(c) The classification and treatment of claims and equity interests pursuant to the Plan is as follows: </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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  <TD VALIGN="bottom" WIDTH="48%" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>Classification</B></FONT></P><HR WIDTH="72" SIZE="1" NOSHADE COLOR="#000000"></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="48%" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>Treatment</B></FONT></P><HR WIDTH="54" SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
  <TR>
  <TD VALIGN="top" WIDTH="48%"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Class 1&#151;All Other Priority Claims, consisting of any Claim that is entitled to
  priority in payment pursuant to section 507(a) of the Bankruptcy Code and that is not a Priority Tax Claim or an Administrative Claim.</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="48%"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">On the Initial Distribution Date or as soon as practicable after the Claim becomes an Allowed Claim (and no later than
  the thirtieth (30th) day of the first month after the Claim becomes Allowed), each Holder of an Allowed Class 1 Claim shall receive Cash in the full amount of such Claim, with interest from the Petition Date at the Contract Rate, except to the
  extent that the Holder of the Allowed Claim in Class 1 agrees to payment on deferred or other such terms.</FONT></P></TD></TR>
  <TR>
  <TD HEIGHT="8"></TD></TR>
  <TR>
  <TD VALIGN="top" WIDTH="48%"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Class 2&#151;Secured Claims.</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="48%"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">On the Initial Distribution Date or as soon as practicable after the Claim becomes an Allowed Claim (and no later than
  the thirtieth (30th) day of the first month after the Claim becomes Allowed), each Holder of an Allowed Class 2 Claim shall either (i) receive Cash in the full amount of such Allowed Claim, with interest from the Petition Date at the Contract Rate,
  except to the extent that the Holder of the Allowed Claim in Class 2 agrees to payment on deferred or other such terms, or (ii) at the election of such Holder made prior to the Confirmation Hearing, be treated in any other manner so that such
  Creditor&#146;s Allowed Claim is Unimpaired.</FONT></P></TD></TR>
  </TABLE><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
  <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">2 </FONT></P>
  
  
  <p Style='page-break-before:always'>
  <HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  
  <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
  <TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">
  
  <TR>
  <TD VALIGN="top" WIDTH="48%"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Class 3A&#151;Claims of Holders of General Unsecured Claims that</FONT></P> <P
  STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">are not Subordinated.</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="48%"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">On the Initial Distribution Date or as soon as practicable after the Claim becomes an Allowed Claim (and no later than
  the thirtieth (30th) day of the first month after the Claim becomes Allowed), each Holder of an Allowed Class 3A Claim shall receive Cash in the full amount of such Claim, with interest from the Petition Date at the Contract Rate, except to the
  extent that the Holder of the Allowed Claim in Class 3A agrees to payment on deferred or other such terms.</FONT></P></TD></TR>
  <TR>
  <TD HEIGHT="8"></TD></TR>
  <TR>
  <TD VALIGN="top" WIDTH="48%"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Class 3B&#151;Subordinated Unsecured Claims.</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="48%"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">On the Initial Distribution Date or as soon as practicable after the Class 3B Claim becomes an Allowed Claim (and no
  later than the thirtieth (30th) day of the first month after the Class 3B Claim becomes Allowed), counsel for the Holders of the Allowed Class 3B Claim shall receive Cash in the full amount of such Allowed Class 3B Claim on behalf of such Holders up
  to an amount not to exceed $5 million. Further, Holders of Class 3B Claims shall be permitted to pursue the proceeds of the Debtor&#146;s directors and officers liability insurance policy (the &#147;D&amp;O Insurance&#148;) to satisfy any Allowed
  Class 3B Claim (i.e., the maximum amount of recovery in connection with an Allowed Class 3B Claim cannot exceed $5 million in Cash from the Debtor and $20 million in insurance proceeds from the D&amp;O Insurance). In no event, however, shall the
  Holders of an Allowed Class 3B Claim be entitled to receive any Cash from the Debtor&#146;s estate in excess of $5 million.</FONT></P></TD></TR>
  <TR>
  <TD HEIGHT="8"></TD></TR>
  <TR>
  <TD VALIGN="top" WIDTH="48%"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Class 4&#151;All Equity Interests in the Debtor.</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="48%"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Each holder of an Allowed Equity Interest in Class 4 shall receive on or as soon as practicable after the Initial
  Distribution Date an amount equal to its Pro Rata Share of the Available Cash remaining after payment of Allowed Claims in Classes 1, 2, 3A and 3B, Allowed Administrative Claims, and Allowed Priority Tax Claims. An Allowed Equity Interest is an
  Equity Interest that is (i) reflected on the books and records of the transfer agent for the Debtor on the Confirmation Date; or (ii) allowed by a Final Order of the Bankruptcy Court.</FONT></P></TD></TR>
  </TABLE><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">As of
  March 20, 2003, the Debtor had 42,628,362 shares of common stock outstanding. </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT
  FACE="Times New Roman" SIZE="2" COLOR="#000000">Information as to the assets and liabilities of the Debtor as of March 31, 2003, the most recent practicable date prior to the confirmation date, is set forth in the Debtor&#146;s unaudited balance
  sheet as of March 31, 2003, included as Exhibit 99.1 to this Form 8-K and incorporated by reference herein. </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
  <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">3 </FONT></P>
  
  
  <p Style='page-break-before:always'>
  <HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  
  <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>Item 7. Financial
  Statements and Exhibits </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:-6px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2"
  COLOR="#000000">(c) Exhibits. </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
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  <TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>Exhibit</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
  FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>Number</B></FONT></P><HR WIDTH="42" SIZE="1" NOSHADE COLOR="#000000"></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="92%" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>Description</B></FONT></P><HR WIDTH="61" SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
  <TR>
  <TD VALIGN="top" ALIGN="center" WIDTH="7%"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">2.1</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="92%"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Second Amended Plan of Liquidation under Chapter 11 of the Bankruptcy Code</FONT></P></TD></TR>
  <TR>
  <TD HEIGHT="8"></TD></TR>
  <TR>
  <TD VALIGN="top" ALIGN="center" WIDTH="7%"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">2.2</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="92%"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Order of United States Bankruptcy Court for the District of Delaware approving the Second Amended Plan of Liquidation
  under Chapter 11 of the Bankruptcy Code</FONT></P></TD></TR>
  <TR>
  <TD HEIGHT="8"></TD></TR>
  <TR>
  <TD VALIGN="top" ALIGN="center" WIDTH="7%"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.1</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="92%"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Unaudited balance sheet of the Debtor as of March 31, 2003</FONT></P></TD></TR>
  </TABLE><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
  <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">4 </FONT></P>
  
  
  <p Style='page-break-before:always'>
  <HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  
  <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>SIGNATURES
  </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px; text-indent:4%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">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. </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P
  STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Dated: April 24, 2003 </FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><DIV
  STYLE="margin-top:0px;margin-bottom:0px" ALIGN="right">
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  <TD VALIGN="top" COLSPAN="3" WIDTH="37%"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>INTEGRATED TELECOM EXPRESS, INC.</B></FONT></P></TD></TR>
  <TR>
  <TD HEIGHT="16"></TD></TR>
  <TR>
  <TD VALIGN="top" WIDTH="2%"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">By:</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="top" ALIGN="center" WIDTH="37%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">/s/ J<SMALL>AMES</SMALL> W<SMALL>ILLIAMS</SMALL></FONT></P><HR SIZE="1" NOSHADE
  COLOR="#000000" ALIGN="left"></TD></TR>
  <TR>
  <TD><FONT SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;</FONT></TD>
  <TD VALIGN="bottom" ALIGN="center" WIDTH="37%"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>James Williams<BR></B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px"
  ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>Senior Vice President of Finance and</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>Chief
  Financial Officer</B></FONT></P></TD></TR>
  </TABLE></DIV><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
  <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">5 </FONT></P>
  
  
  <p Style='page-break-before:always'>
  <HR  SIZE="3" COLOR="#999999" WIDTH="100%" ALIGN="CENTER">
  
  <P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P><P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000"><B>EXHIBIT
  INDEX </B></FONT></P><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
  <TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" ALIGN="center">
  
  <TR>
  <TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>Exhibit</B></FONT></P> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT
  FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>Number</B></FONT></P><HR WIDTH="42" SIZE="1" NOSHADE COLOR="#000000"></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="92%" ALIGN="center"> <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="1" COLOR="#000000"><B>Description</B></FONT></P><HR WIDTH="61" SIZE="1" NOSHADE COLOR="#000000"></TD></TR>
  <TR>
  <TD VALIGN="top" ALIGN="center" WIDTH="7%"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">2.1</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="92%"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Second Amended Plan of Liquidation under Chapter 11 of the Bankruptcy Code</FONT></P></TD></TR>
  <TR>
  <TD HEIGHT="8"></TD></TR>
  <TR>
  <TD VALIGN="top" ALIGN="center" WIDTH="7%"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">2.2</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="92%"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Order of United States Bankruptcy Court for the District of Delaware approving the Second Amended Plan of Liquidation
  under Chapter 11 of the Bankruptcy Code</FONT></P></TD></TR>
  <TR>
  <TD HEIGHT="8"></TD></TR>
  <TR>
  <TD VALIGN="top" ALIGN="center" WIDTH="7%"> <P STYLE="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-2%" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">99.1</FONT></P></TD>
  <TD VALIGN="bottom" WIDTH="3%"><FONT FACE="Times New Roman" SIZE="1">&nbsp;&nbsp;</FONT></TD>
  <TD VALIGN="bottom" WIDTH="92%"> <P STYLE="margin-top:0px;margin-bottom:0px"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">Unaudited balance sheet of the Debtor as of March 31, 2003</FONT></P></TD></TR>
  </TABLE><P STYLE="margin-top:0px;margin-bottom:0px"><FONT SIZE="1">&nbsp;</FONT></P>
  <P STYLE="margin-top:0px;margin-bottom:0px" ALIGN="center"><FONT FACE="Times New Roman" SIZE="2" COLOR="#000000">6 </FONT></P>
  
  </BODY></HTML>
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "d8k.htm", "description": "FORM 8-K", "secsgml_size_bytes": 26210}]
metadata_filer: {"company-data": {"conformed-name": "INTEGRATED TELECOM EXPRESS INC/ CA", "cik": "0001116201", "assigned-sic": "3661", "irs-number": "770403748", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-31259", "film-number": "03662041"}, "business-address": {"street1": "10121 MILLER AVENUE", "street2": "SUITE 202", "city": "CUPERTINO", "state": "CA", "zip": "95014", "phone": "(408) 257-3243"}, "mail-address": {"street1": "10121 MILLER AVENUE", "street2": "SUITE 202", "city": "CUPERTINO", "state": "CA", "zip": "95014"}}
text: Form 8-K
  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 16, 2003
  INTEGRATED TELECOM EXPRESS, INC.
  (Exact Name of Registrant as specified in charter)
  Commission File Number 000-31259
  Delaware
  77-0403748
  (State or other jurisdiction of incorporation)
  (I.R.S. Employer Identification Number)
  10121 Miller Avenue, Suite 202
  Cupertino, California
  95014
  (Address of principal executive offices)
  (Zip Code)
  Registrant's telephone number, including area code: (408) 257-3243
  Item 3. Bankruptcy or
  Receivership
  On April 16, 2003, the United
  States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") entered an order (the "Confirmation Order") approving the Second Amended Plan of Liquidation under Chapter 11 of the Bankruptcy Code (the
  "Plan") of Integrated Telecom Express, Inc. (the "Debtor" or the "Registrant").
  The landlord of the Debtor's former corporate offices has filed a motion to stay the Bankruptcy Court's Confirmation Order. A
  hearing for this motion has been scheduled for April 29, 2003.
  A copy of the Plan is attached hereto as Exhibit 2.1. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Plan. A copy of the Confirmation Order is attached hereto as Exhibit 2.2.
  The following is a summary of the material
  features of the Plan.
  (a) The
  effective date (the "Effective Date") of the Plan will be a date to be selected by the Debtor no later than thirty (30) days after the confirmation date on which (i) no stay of the confirmation order is in effect and (b) all other
  conditions precedent to consummation of the Plan have been satisfied or waived.
  (b) Through the Plan, the Debtor will liquidate its remaining assets and complete the wind-up of its business. The Plan provides for the appointment of a Plan Administrator who will manage the
  liquidation of the Debtor's assets and wind-up of its business.
  (c) The classification and treatment of claims and equity interests pursuant to the Plan is as follows:
  Classification
  Treatment
  Class 1—All Other Priority Claims, consisting of any Claim that is entitled to
  priority in payment pursuant to section 507(a) of the Bankruptcy Code and that is not a Priority Tax Claim or an Administrative Claim.
  On the Initial Distribution Date or as soon as practicable after the Claim becomes an Allowed Claim (and no later than
  the thirtieth (30th) day of the first month after the Claim becomes Allowed), each Holder of an Allowed Class 1 Claim shall receive Cash in the full amount of such Claim, with interest from the Petition Date at the Contract Rate, except to the
  extent that the Holder of the Allowed Claim in Class 1 agrees to payment on deferred or other such terms.
  Class 2—Secured Claims.
  On the Initial Distribution Date or as soon as practicable after the Claim becomes an Allowed Claim (and no later than
  the thirtieth (30th) day of the first month after the Claim becomes Allowed), each Holder of an Allowed Class 2 Claim shall either (i) receive Cash in the full amount of such Allowed Claim, with interest from the Petition Date at the Contract Rate,
  except to the extent that the Holder of the Allowed Claim in Class 2 agrees to payment on deferred or other such terms, or (ii) at the election of such Holder made prior to the Confirmation Hearing, be treated in any other manner so that such
  Creditor's Allowed Claim is Unimpaired.
  2
  Class 3A—Claims of Holders of General Unsecured Claims that
  are not Subordinated.
  On the Initial Distribution Date or as soon as practicable after the Claim becomes an Allowed Claim (and no later than
  the thirtieth (30th) day of the first month after the Claim becomes Allowed), each Holder of an Allowed Class 3A Claim shall receive Cash in the full amount of such Claim, with interest from the Petition Date at the Contract Rate, except to the
  extent that the Holder of the Allowed Claim in Class 3A agrees to payment on deferred or other such terms.
  Class 3B—Subordinated Unsecured Claims.
  On the Initial Distribution Date or as soon as practicable after the Class 3B Claim becomes an Allowed Claim (and no
  later than the thirtieth (30th) day of the first month after the Class 3B Claim becomes Allowed), counsel for the Holders of the Allowed Class 3B Claim shall receive Cash in the full amount of such Allowed Class 3B Claim on behalf of such Holders up
  to an amount not to exceed $5 million. Further, Holders of Class 3B Claims shall be permitted to pursue the proceeds of the Debtor's directors and officers liability insurance policy (the "D&O Insurance") to satisfy any Allowed
  Class 3B Claim (i.e., the maximum amount of recovery in connection with an Allowed Class 3B Claim cannot exceed $5 million in Cash from the Debtor and $20 million in insurance proceeds from the D&O Insurance). In no event, however, shall the
  Holders of an Allowed Class 3B Claim be entitled to receive any Cash from the Debtor's estate in excess of $5 million.
  Class 4—All Equity Interests in the Debtor.
  Each holder of an Allowed Equity Interest in Class 4 shall receive on or as soon as practicable after the Initial
  Distribution Date an amount equal to its Pro Rata Share of the Available Cash remaining after payment of Allowed Claims in Classes 1, 2, 3A and 3B, Allowed Administrative Claims, and Allowed Priority Tax Claims. An Allowed Equity Interest is an
  Equity Interest that is (i) reflected on the books and records of the transfer agent for the Debtor on the Confirmation Date; or (ii) allowed by a Final Order of the Bankruptcy Court.
  As of
  March 20, 2003, the Debtor had 42,628,362 shares of common stock outstanding.
  Information as to the assets and liabilities of the Debtor as of March 31, 2003, the most recent practicable date prior to the confirmation date, is set forth in the Debtor's unaudited balance
  sheet as of March 31, 2003, included as Exhibit 99.1 to this Form 8-K and incorporated by reference herein.
  3
  Item 7. Financial
  Statements and Exhibits
  (c) Exhibits.
  Exhibit
  Number
  Description
  2.1
  Second Amended Plan of Liquidation under Chapter 11 of the Bankruptcy Code
  2.2
  Order of United States Bankruptcy Court for the District of Delaware approving the Second Amended Plan of Liquidation
  under Chapter 11 of the Bankruptcy Code
  99.1
  Unaudited balance sheet of the Debtor as of March 31, 2003
  4
  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.
  Dated: April 24, 2003
  INTEGRATED TELECOM EXPRESS, INC.
  By:
  /s/ J
  AMES
  W
  ILLIAMS
  James Williams
  Senior Vice President of Finance and
  Chief
  Financial Officer
  5
  EXHIBIT
  INDEX
  Exhibit
  Number
  Description
  2.1
  Second Amended Plan of Liquidation under Chapter 11 of the Bankruptcy Code
  2.2
  Order of United States Bankruptcy Court for the District of Delaware approving the Second Amended Plan of Liquidation
  under Chapter 11 of the Bankruptcy Code
  99.1
  Unaudited balance sheet of the Debtor as of March 31, 2003
  6