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</FONT><FONT SIZE=4><P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION</P>


</FONT><FONT SIZE=2><P ALIGN="CENTER">Washington, D.C. 20549</P>


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</FONT><FONT SIZE=4><P ALIGN="CENTER">FORM 8-K</P>


</B></FONT><FONT SIZE=1><P ALIGN="CENTER"></P>


</FONT><B><P ALIGN="CENTER">CURRENT REPORT</P>


<P ALIGN="CENTER">Pursuant to Section 13 or 15(d) of</P>


<P ALIGN="CENTER">the Securities Exchange Act of 1934</P>


</B><FONT SIZE=1><P ALIGN="CENTER"></P>


</FONT><B><FONT SIZE=2><P ALIGN="CENTER">&nbsp;</P>


<P ALIGN="CENTER">December 16, 2004</P>


</FONT><FONT SIZE=1><P ALIGN="CENTER">Date of Report (Date of earliest event reported)</P>


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<P ALIGN="CENTER">&nbsp;</P>


</FONT><B><P ALIGN="CENTER">&nbsp;</P>


<P ALIGN="CENTER">SIRENZA MICRODEVICES, INC<FONT SIZE=1>.</P>


<P ALIGN="CENTER">(Exact name of Registrant as specified in its charter)</P>


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<B><FONT SIZE=2><P ALIGN="CENTER">DELAWARE</B></FONT></TD>


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<FONT SIZE=2><P>&nbsp;</FONT></TD>


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<B><FONT SIZE=2><P ALIGN="CENTER">000-30615</B> </FONT></TD>


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<FONT SIZE=2><P>&nbsp;</FONT></TD>


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<B><FONT SIZE=2><P ALIGN="CENTER">77-0073042</B> </FONT></TD>


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<B><FONT SIZE=1><P ALIGN="CENTER">(State or other jurisdiction</B> </P>


<B><P ALIGN="CENTER">of incorporation)</B> </FONT></TD>


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<FONT SIZE=1><P>&nbsp;</FONT></TD>


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<B><FONT SIZE=1><P ALIGN="CENTER">(Commission File Number)</B> </FONT></TD>


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<FONT SIZE=1><P>&nbsp;</FONT></TD>


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<B><FONT SIZE=1><P ALIGN="CENTER">(I.R.S. Employer</B> </P>


<B><P ALIGN="CENTER">Identification Number)</B> </FONT></TD>


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</FONT><B><FONT SIZE=2><P ALIGN="CENTER">303 S. TECHNOLOGY COURT, BROOMFIELD, CO 80021</P>


</FONT><FONT SIZE=1><P ALIGN="CENTER">(Address of principal executive offices, including zip code)</P>


</B><P ALIGN="CENTER"></P>


</FONT><B><FONT SIZE=2><P ALIGN="CENTER">(303) 327-3030</P>


</FONT><FONT SIZE=1><P ALIGN="CENTER">(Registrant's telephone number, including area code)</P>


</B><P ALIGN="CENTER"></P>


</FONT><B><FONT SIZE=2><P ALIGN="CENTER">N/A</P>


</FONT><FONT SIZE=1><P ALIGN="CENTER">(Former name or former address, if changed since last report)</P>


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<P ALIGN="CENTER">&nbsp;</P>


<B><P>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</P>


</B>


<P>&nbsp;</P>


<P>[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>





<P>[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>





<P>[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>





<P>[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>





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</FONT><B><FONT SIZE=2><P>Item 2.01&nbsp;&nbsp;&nbsp;&nbsp;Completion of Acquisition or Disposition of Assets</B> </P>


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<P>Effective December 16, 2004, Sirenza Microdevices, Inc., a Delaware corporation (the &quot;Company&quot;), completed the acquisition of ISG Broadband, Inc., a California corporation (&quot;ISG&quot;), pursuant to the terms of an Agreement and Plan of Reorganization, by and among the Company, Comet Acquisition Corporation, a California corporation and wholly owned subsidiary of the Company, ISG, California Eastern Laboratories, a California corporation (&quot;CEL&quot;), U.S. Bank, N.A. as escrow agent, and CEL as securityholder agent (the &quot;Merger Agreement&quot;). Prior to the acquisition, ISG designed RF gateway module and IC products to enable the delivery of broadband communication services to the home.  </P>





<P>The aggregate consideration payable by the Company to the former ISG shareholders at closing consisted of $6,169,335.41 in cash. Of this consideration, $700,000 in cash was deposited into an escrow fund established to satisfy any indemnification claims from the Company that may arise prior to December 31, 2006.  In addition to the consideration paid at closing, additional cash consideration of up to $7,150,000 may become due and payable for the achievement of margin contribution objectives attributable to sales of selected products for periods through December 31, 2007.  Ten percent (10%) of any additional cash consideration earned during the period that the escrow fund remains in effect will be deposited into the escrow fund. </P>





<P>The summary of the transaction described above is qualified by reference to the Merger Agreement, which is attached as an exhibit hereto and incorporated by reference herein.</P>


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<P>Item 9.01&nbsp;&nbsp;&nbsp;&nbsp;Financial Statements and Exhibits</P>





</B><I><P>(a)&nbsp;&nbsp;Financial Statements of Business Acquired.</I>&nbsp;&nbsp;&nbsp;&nbsp;The financial information required by this 9.01(a) has not been included with this filing and will be filed by amendment to this Form 8-K no later than 71 days after this initial report must be filed.</P>


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</B><I><P>(b)&nbsp;&nbsp;Pro Forma Financial Information.</I>&nbsp;&nbsp;&nbsp;&nbsp;The pro forma financial information required by this 9.01(b) has not been included with this filing and will be filed by amendment to this Form 8-K no later than 71 days after this initial report must be filed.</P>


<P>&nbsp;</P>


<I><P>(c)&nbsp;&nbsp;Exhibits.</I>&nbsp;&nbsp;&nbsp;&nbsp;The following exhibit is being filed herewith. </P>


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<B><FONT SIZE=2><P ALIGN="CENTER">Exhibit Number</B> </P>


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<FONT SIZE=2><P>&nbsp;&nbsp;</FONT></TD>


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<B><FONT SIZE=2><P ALIGN="CENTER">Description</B> </P>


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<FONT SIZE=2><P ALIGN="CENTER">2.1</FONT></TD>


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<FONT SIZE=1><P>&nbsp;&nbsp;</FONT></TD>


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<FONT SIZE=2><P>Agreement and Plan of Reorganization dated as of December 7, 2004, by and among ISG Broadband, Inc., Sirenza Microdevices, Inc., Comet Acquisition Corporation, California Eastern Laboratories, U.S. Bank, N.A, as escrow agent and California Eastern Laboratories, as securityholder agent, filed as Exhibit 2.1 to the Current Report on Form 8-K of the Registrant dated December 10, 2004 and incorporated herein by this reference. (Pursuant to Item 601(b)(2) of Regulation S-K, the exhibits to the Reorganization Agreement have been omitted. Sirenza Microdevices, Inc. agrees to furnish such exhibits supplementally upon the request of the Commission.)</FONT></TD>


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<P ALIGN="CENTER">SIGNATURES</P>


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<P>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. </P>


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<P>SIRENZA MICRODEVICES, INC.</P>





<P>By:  <U>&#9;/s/ Susan P. Krause&#9;</P>


</U><P>        Susan P. Krause</P><DIR>


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<P>Vice President, General Counsel and Secretary</P></DIR>


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<P>Date:&nbsp;&nbsp;December 17, 2004 </P>


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<P>&nbsp;</P>


<B><P ALIGN="CENTER">SIRENZA MICRODEVICES, INC.</P>


</B><P ALIGN="CENTER"></P>


<B><P ALIGN="CENTER">EXHIBIT INDEX TO FORM 8-K</P>


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<B><FONT SIZE=2><P ALIGN="CENTER">Exhibit Number</B> </P>


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<FONT SIZE=2><P>&nbsp;&nbsp;</FONT></TD>


<TD WIDTH="90%" VALIGN="BOTTOM">


<B><FONT SIZE=2><P ALIGN="CENTER">Description</B> </P>


<P ALIGN="CENTER"></FONT></TD>


</TR>


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<FONT SIZE=2><P ALIGN="CENTER">2.1</FONT></TD>


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<FONT SIZE=1><P>&nbsp;&nbsp;</FONT></TD>


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<FONT SIZE=2><P>Agreement and Plan of Reorganization dated as of December 7, 2004, by and among ISG Broadband, Inc., Sirenza Microdevices, Inc., Comet Acquisition Corporation, California Eastern Laboratories, U.S. Bank, N.A, as escrow agent and California Eastern Laboratories, as securityholder agent, filed as Exhibit 2.1 to the Current Report on Form 8-K of the Registrant dated December 10, 2004 and incorporated herein by this reference. (Pursuant to Item 601(b)(2) of Regulation S-K, the exhibits to the Reorganization Agreement have been omitted. Sirenza Microdevices, Inc. agrees to furnish such exhibits supplementally upon the request of the Commission.)</FONT></TD>


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{"company-data": {"conformed-name": "SIRENZA MICRODEVICES INC", "cik": "0001103777", "assigned-sic": "3674", "irs-number": "770073042", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-30615", "film-number": "041215505"}, "business-address": {"street1": "303 S TECHNOLOGY COURT", "city": "BROOMFIELD", "state": "CO", "zip": "80021", "phone": "3033273030"}, "mail-address": {"street1": "303 S TECHNOLOGY COURT", "city": "BROOMFIELD", "state": "CO", "zip": "80021"}, "former-company": {"former-conformed-name": "STANFORD MICRODEVICES INC", "date-changed": "20000119"}}
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
December 16, 2004
Date of Report (Date of earliest event reported)
SIRENZA MICRODEVICES, INC
.
(Exact name of Registrant as specified in its charter)
DELAWARE
000-30615
77-0073042
(State or other jurisdiction
of incorporation)
(Commission File Number)
(I.R.S. Employer
Identification Number)
303 S. TECHNOLOGY COURT, BROOMFIELD, CO 80021
(Address of principal executive offices, including zip code)
(303) 327-3030
(Registrant's telephone number, including area code)
N/A
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.01    Completion of Acquisition or Disposition of Assets
Effective December 16, 2004, Sirenza Microdevices, Inc., a Delaware corporation (the "Company"), completed the acquisition of ISG Broadband, Inc., a California corporation ("ISG"), pursuant to the terms of an Agreement and Plan of Reorganization, by and among the Company, Comet Acquisition Corporation, a California corporation and wholly owned subsidiary of the Company, ISG, California Eastern Laboratories, a California corporation ("CEL"), U.S. Bank, N.A. as escrow agent, and CEL as securityholder agent (the "Merger Agreement"). Prior to the acquisition, ISG designed RF gateway module and IC products to enable the delivery of broadband communication services to the home.
The aggregate consideration payable by the Company to the former ISG shareholders at closing consisted of $6,169,335.41 in cash. Of this consideration, $700,000 in cash was deposited into an escrow fund established to satisfy any indemnification claims from the Company that may arise prior to December 31, 2006.  In addition to the consideration paid at closing, additional cash consideration of up to $7,150,000 may become due and payable for the achievement of margin contribution objectives attributable to sales of selected products for periods through December 31, 2007.  Ten percent (10%) of any additional cash consideration earned during the period that the escrow fund remains in effect will be deposited into the escrow fund.
The summary of the transaction described above is qualified by reference to the Merger Agreement, which is attached as an exhibit hereto and incorporated by reference herein.
Item 9.01    Financial Statements and Exhibits
(a)  Financial Statements of Business Acquired.
The financial information required by this 9.01(a) has not been included with this filing and will be filed by amendment to this Form 8-K no later than 71 days after this initial report must be filed.
(b)  Pro Forma Financial Information.
The pro forma financial information required by this 9.01(b) has not been included with this filing and will be filed by amendment to this Form 8-K no later than 71 days after this initial report must be filed.
(c)  Exhibits.
The following exhibit is being filed herewith.
Exhibit Number
Description
2.1
Agreement and Plan of Reorganization dated as of December 7, 2004, by and among ISG Broadband, Inc., Sirenza Microdevices, Inc., Comet Acquisition Corporation, California Eastern Laboratories, U.S. Bank, N.A, as escrow agent and California Eastern Laboratories, as securityholder agent, filed as Exhibit 2.1 to the Current Report on Form 8-K of the Registrant dated December 10, 2004 and incorporated herein by this reference. (Pursuant to Item 601(b)(2) of Regulation S-K, the exhibits to the Reorganization Agreement have been omitted. Sirenza Microdevices, Inc. agrees to furnish such exhibits supplementally upon the request of the Commission.)
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.
SIRENZA MICRODEVICES, INC.
By:
/s/ Susan P. Krause
Susan P. Krause
Vice President, General Counsel and Secretary
Date:  December 17, 2004
SIRENZA MICRODEVICES, INC.
EXHIBIT INDEX TO FORM 8-K
Exhibit Number
Description
2.1
Agreement and Plan of Reorganization dated as of December 7, 2004, by and among ISG Broadband, Inc., Sirenza Microdevices, Inc., Comet Acquisition Corporation, California Eastern Laboratories, U.S. Bank, N.A, as escrow agent and California Eastern Laboratories, as securityholder agent, filed as Exhibit 2.1 to the Current Report on Form 8-K of the Registrant dated December 10, 2004 and incorporated herein by this reference. (Pursuant to Item 601(b)(2) of Regulation S-K, the exhibits to the Reorganization Agreement have been omitted. Sirenza Microdevices, Inc. agrees to furnish such exhibits supplementally upon the request of the Commission.)