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

~~July~~January 27, ~~2007~~2008

Date of Report (date of earliest event reported)

CARRIER ACCESS CORPORATION

(Exact name of Registrant as specified in its charter)

State of Delaware

000-24597

84-1208770

(State or other jurisdiction of

incorporation or organization)

(Commission File Number)

(I.R.S. Employer

Identification Number)

5395 Pearl Parkway

Boulder, Colorado 80301

(Address of principal executive offices)

(303) 218-5455

(Registrant’s telephone number, including area code)

(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 2.02.

Results of Operations and Financial Condition

~~On July 9, 2007,~~ Carrier Access Corporation (the “Company”) ~~issued~~reports athat ~~press~~its ~~release~~unaudited ~~reporting~~cash, ~~its~~cash ~~preliminary~~equivalents ~~financial~~and ~~results~~short ~~for~~term ~~the~~investments ~~second~~at ~~quarter ended June~~December 3031, 2007 were approximately $74.5 million. The ~~press~~Company’s ~~release~~unaudited isrevenue ~~attached~~for ~~hereto~~the asthree ~~Exhibit 99.1~~ and istwelve ~~incorporated~~month periods ~~herein~~ended byDecember 31, ~~reference~~2007 was $8.3 ~~The~~million ~~information~~and in$32.0 ~~Exhibit~~million, 99respectively.1 isThese amounts do not ~~filed~~include ~~but~~approximately is$170,000 ~~furnished~~and to$243,000 of revenue for the ~~Securities~~three and ~~Exchange~~twelve ~~Commission~~month ~~(“SEC”)~~periods ~~pursuant~~ended December 31, 2007, respectively, which were reclassified to ~~Item 2.02~~discontinued operations as a result of ~~Form~~the ~~8-K~~discontinuance of the EdgeFlex product line in December 2007. Carrier Access does not anticipate that it will hold a conference call to review fourth quarter and fiscal 2007 results of operations.

~~Item 2.05.~~Forward-Looking ~~Costs~~Statement ~~Associated~~Caution ~~with Exit or Disposal Activities~~

OnThis ~~July 2,~~report contains forward-looking statements about our unaudited fourth quarter of fiscal 2007 operating results, ~~the~~which ~~Board~~reflect ofmanagement’s ~~Directors~~best ofjudgment ~~the~~based ~~Company~~on ~~authorized~~factors currently known. These statements involve risks and uncertainties, including potential discrepancies between management’s toinitial ~~initiate~~estimates and ~~implement~~the afinal ~~restructuring~~operating ~~plan~~results ~~under~~for ~~which~~the ~~material~~fourth ~~charges~~quarter ~~will~~of befiscal 2007, subsequent adjustments to results for fourth quarter of fiscal 2007 made in ~~incurred~~connection ~~under~~with ~~generally~~closing ~~accepted~~the ~~accounting~~quarter, ~~principles.~~continuing ~~The~~uncertainty ~~restructuring~~regarding ~~plan~~general ~~will~~economic ~~include~~conditions, achanges ~~focus~~in oncapital ~~key~~spending ~~customers~~by carriers and ~~product~~telecommunications ~~lines~~companies, ~~consolidation~~growth ofrates ~~management~~within ~~positions~~our industry, ~~and~~the asuccessful ~~further~~development and ~~accelerated~~market acceptance ~~R&D~~of ~~transition~~new toproducts, ~~Carrier~~the ~~Access’ Shanghai~~degree ~~development~~of ~~center.~~competition ~~The~~in ~~restructuring~~the ~~plan~~market isfor insuch products, the ~~process~~product ofand ~~being~~channel ~~finalized~~mix, bycomponent ~~management~~costs, manufacturing efficiencies, and ~~therefore~~other arisks ~~good~~detailed ~~faith~~in ~~estimate~~our ofannual report on Form 10-K for the ~~timing~~year ended December 31, 2006, our quarterly report on Form 10-Q for the period ended September 30, 2007 and ~~amount~~other ofdocuments ~~charges~~periodically ~~are~~filed ~~not~~with ~~known~~the atSecurities ~~this~~and ~~time~~Exchange Commission. ~~The~~These ~~Company~~risks ~~will~~and ~~provide~~uncertainties ~~such~~could ~~estimates~~cause inactual ~~an amendment~~results to differ materially from those in the forward-looking statements included in this ~~current~~press ~~report~~release. onWe ~~Form~~do 8not undertake any obligation to revise or update any forward-Klooking ~~after~~statements, ~~making~~whether as a ~~determination~~result of ~~such~~new ~~estimates~~information, future events, or otherwise.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

In connection with the cost reduction activities of the Company, Roger Koenig, Chairman, CEO and President, and Nancy Pierce, Corporate Development Officer, have each voluntarily declined to take salaries in excess of medical benefits, effective July 9, 2007.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

Exhibit No.		Description
99.1		Press Release dated July 9, 2007

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.

	CARRIER ACCESS CORPORATION	~~CARRIER ACCESS CORPORATION~~
Date: July 9, 2007		By:	/s/ GARY GATCHELL
Date: January 7, 2008	By:	/s/ GARY GATCHELL
		Gary Gatchell Chief Financial Officer	~~Gary Gatchell Chief Financial Officer~~

EXHIBIT INDEX

Exhibit No.		Description
99.1		Press Release dated July 9, 2007

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