NEW FRONTIER CAPITAL L P, SC 13G, 1998-12-21

NEW FRONTIER CAPITAL L P
SC 13G, 1998-12-21

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<PAGE> 1

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G*

Under the Securities Exchange Act of 1934

WORLDTALK COMMUNICATIONS CORPORATION

(Name of Issuer)

COMMON STOCK, $.01 PAR VALUE

(Title of Class of Securities)

98155G 10 1

(CUSIP Number)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed

/ / Rule 13d-1(b)

/X/ Rule 13d-1(c)

/ / Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
<PAGE> 2
Page 2 of 15 Pages

SCHEDULE 13G

<TABLE>
<S> <C>
CUSIP NO. 98155G 10 1

1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
NEW FRONTIER CAPITAL, L.P.
- ------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
- ------------------------------------------------------------------------------------------
3 SEC USE ONLY

- ------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE

- ------------------------------------------------------------------------------------------

5 SOLE VOTING POWER
NUMBER OF 473,325 SHARES
SHARES
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0 SHARES
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 473,325 SHARES
WITH
8 SHARED DISPOSITIVE POWER
0 SHARES

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
473,325 SHARES
- ------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* /X/

- ------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
4.5%
- ------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
PN
- ------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</TABLE>
<PAGE> 3
Page 3 of 15 Pages

SCHEDULE 13G

<TABLE>
<S> <C>
CUSIP NO. 98155G 10 1

1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
FOUNDER CAPITAL, L.P.
- ------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
- ------------------------------------------------------------------------------------------
3 SEC USE ONLY

- ------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
- ------------------------------------------------------------------------------------------

SCHEDULE 13G

<TABLE>
<S> <C>
CUSIP NO. 98155G 10 1

1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WILLIAM L. MUSSER, JR.
- ------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
- ------------------------------------------------------------------------------------------
3 SEC USE ONLY

- ------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
- ------------------------------------------------------------------------------------------

5 SOLE VOTING POWER
NUMBER OF 583,500 SHARES
SHARES
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0 SHARES
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 583,500 SHARES
WITH
8 SHARED DISPOSITIVE POWER
0 SHARES

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
583,500 SHARES
- ------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /

- ------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.5%
- ------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
- ------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</TABLE>
<PAGE> 5
Page 5 of 15 Pages

SCHEDULE 13G

<TABLE>
<S> <C>
CUSIP NO. 98155G 10 1

1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WESTWARD, INC.
- ------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
- ------------------------------------------------------------------------------------------
3 SEC USE ONLY

- ------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
CAYMAN ISLANDS
- ------------------------------------------------------------------------------------------

5 SOLE VOTING POWER
NUMBER OF 71,500 SHARES
SHARES
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0 SHARES
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 71,500 SHARES
WITH
8 SHARED DISPOSITIVE POWER
0 SHARES

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
71,000 SHARES
- ------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* /X/

- ------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.7%
- ------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
CO
- ------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</TABLE>
<PAGE> 6
Page 6 of 15 Pages

SCHEDULE 13G

<TABLE>
<S> <C>
CUSIP NO. 98155G 10 1

1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
WILLIAM L. MUSSER CO., INC.
- ------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
- ------------------------------------------------------------------------------------------
3 SEC USE ONLY

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
71,500 SHARES
- ------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* /X/

SCHEDULE 13G

<TABLE>
<S> <C>
CUSIP NO. 98155G 10 1

1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
EDWIN W. COLMAN FAMILY TRUST
- ------------------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) /X/
- ------------------------------------------------------------------------------------------
3 SEC USE ONLY

- ------------------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
WISCONSIN
- ------------------------------------------------------------------------------------------

5 SOLE VOTING POWER
NUMBER OF 4,675 SHARES
SHARES
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 0 SHARES
EACH
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON 4,675 SHARES
WITH
8 SHARED DISPOSITIVE POWER
0 SHARES

9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,675 SHARES
- ------------------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* /X/

- ------------------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0.1%
- ------------------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
OO
- ------------------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
</TABLE>
<PAGE> 8
Page 8 of 15 Pages

ITEM 1(a). NAME OF ISSUER:

This statement relates to the securities issued by WorldTalk
Communications Corporation (the "Issuer").

ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

The address of the Issuer's principal executive offices is 5155 Old
Ironsides Drive, Santa Clara, California 95054.

ITEM 2(a). NAME OF PERSON FILING:

This Statement is being filed by New Frontier Capital, L.P. ("New
Frontier"), Founder Capital, L.P. ("Founder Capital"), William L. Musser, Jr.,
Westward, Inc. ("Westward"), William L. Musser Co., Inc. and the Edwin W. Colman
Family Trust (the "Colman Family Trust").

ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

The address of the principal business office of New Frontier, Founder
Capital, William L. Musser, Jr. and William L. Musser Co., Inc. is 919 Third
Avenue, New York, New York 10022. The principal business office of Westward is
Hemisphere Fund Managers Ltd., Genesis Building, Jennett Street, P.O. Box
30362-SMB, George Town, Grand Cayman, Cayman Islands. The principal business
address of the Colman Family Trust is Godfrey & Kahn, 780 North Water Street,
Milwaukee, Wisconsin 53202.

ITEM 2(c). CITIZENSHIP:

New Frontier and Founder Capital are Delaware limited partnerships.
William L. Musser Co., Inc. is a Delaware corporation. William L. Musser, Jr. is
a United States citizen. Westward is a Grand Cayman corporation. The Colman
Family Trust is organized under the laws of Wisconsin.

ITEM 2(d). TITLE OF CLASS OF SECURITIES:

Common Stock.

ITEM 2(e). CUSIP NUMBER:

98155G 10 1

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO
SECTIONS 240.13d-1(b) OR 240.13d-2(b) or (c):
<PAGE> 9
Page 9 of 15 Pages

Inapplicable.

ITEM 4. OWNERSHIP.

(a) Amount Beneficially Owned:

New Frontier 473,325 Shares
Founder Capital 473,325 Shares
William L. Musser, Jr. 583,500 Shares
Westward 71,500 Shares
William L. Musser Co., Inc. 71,500 Shares
Colman Family Trust 4,675 Shares

(b) Percent of Class:

New Frontier 4.5%
Founder Capital 4.5%
William L. Musser, Jr. 5.5%
Westward 0.7%
William L. Musser Co., Inc. 0.7%
Colman Family Trust 0.1%

(i) sole power to vote or to direct the vote:

New Frontier 473,325 Shares
Founder Capital 473,325 Shares
William L. Musser, Jr. 583,500 Shares
Westward 71,500 Shares
William L. Musser Co., Inc. 71,500 Shares
Colman Family Trust 4,675 Shares

(ii) shared power to vote or to direct the vote:

New Frontier 0 Shares
Founder Capital 0 Shares
William L. Musser, Jr. 0 Shares
Westward 0 Shares
William L. Musser Co., Inc. 0 Shares
<PAGE> 10
Page 10 of 15 Pages

Colman Family Trust 0 Shares

(iii) sole power to dispose or to direct the disposition of:

New Frontier 473,325 Shares
Founder Capital 473,325 Shares
William L. Musser, Jr. 583,500 Shares
Westward 71,500 Shares
William L. Musser Co., Inc. 71,500 Shares
Colman Family Trust 4,675 Shares

(iv) shared power to dispose or to direct the disposition of:

New Frontier 0 Shares
Founder Capital 0 Shares
William L. Musser, Jr. 0 Shares
Westward 0 Shares
William L. Musser Co., Inc. 0 Shares
Colman Family Trust 0 Shares

Pursuant to Rule 13d-4 under the Securities Exchange Act of 1934, New
Frontier, Founder Capital, William L. Musser, Jr., William L. Musser Co., Inc.,
Westward and the Colman Family Trust hereby declare that the filing of this
Statement shall not be construed as an admission that any person other than New
Frontier is the beneficial owner of the 473,325 Common Shares covered by this
Statement as to which New Frontier has sole dispositive power (the "New Frontier
Shares") and none of William L. Musser Co., Inc., Westward and/or the Colman
Family Trust has either the power to vote or dispositive power over the New
Frontier Shares.

Pursuant to Rule 13d-4 under the Securities Exchange Act of 1934, New
Frontier, Founder Capital, William L. Musser, Jr., William L. Musser Co., Inc.,
Westward and the Colman Family Trust hereby declare that the filing of this
Statement shall not be construed as an admission that any person other than
Westward is the beneficial owner of the 71,500 Common Shares covered by this
Statement as to which Westward has sole dispositive power (the "Westward
Shares") and none of New Frontier, Founder Capital and/or the Colman Family
Trust has either the power to vote or dispositive power over the Westward
Shares.

Pursuant to Rule 13d-4 under the Securities Exchange Act of 1934, New
Frontier, Founder Capital, William L. Musser, Jr., William L. Musser Co., Inc.,
Westward and the Colman Family Trust hereby declare that the filing of this
Statement shall not be construed as an admission that any person other than the
Colman Family Trust, is the beneficial owner of the 4,675 Common Shares covered
by this Statement as to which the Colman Family Trust has sole dispositive power
(the "Colman Family Trust Shares") and none of New Frontier, Founder Capital,
William L. Musser Co., Inc. and/or Westward has either the power to vote or
dispositive power over the Colman Family Trust Shares.
<PAGE> 11
Page 11 of 15 Pages

Pursuant to Rule 13d-4 under the Securities Exchange Act of 1934, New
Frontier, Founder Capital, William L. Musser, Jr., William L. Musser Co., Inc.,
Westward and the Colman Family Trust hereby declare that the filing of this
Statement shall not be construed as an admission that any person other than
William L. Musser, Jr. is the beneficial owner of 34,000 of the Common Shares
covered by this Statement as to which the William L. Musser, Jr. has sole
dispositive power (the "William L. Musser, Jr. Shares") and none of New
Frontier, Founder Capital, William L. Musser Co., Inc., Westward and/or the
Colman Family Trust has either the power to vote or dispositive power over the
William L. Musser, Jr. Shares.

New Frontier, Founder Capital, William L. Musser, Jr., William L.
Musser Co., Inc., Westward and the Colman Family Trust hereby declare that New
Frontier, Founder Capital, William L. Musser, Jr., William L. Musser Co., Inc.
and the Colman Family Trust do not have a beneficial ownership interest in
Westward.

ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.

Inapplicable.

ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER
PERSON:

Inapplicable.

ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY:

Inapplicable.

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.

New Frontier, Founder Capital, William L. Musser, Jr., William L.
Musser Co., Inc., Westward and the Colman Family Trust hereby declare that no
agreement exists among them to act together for the purpose of acquiring,
holding, voting or disposing of Common Shares covered by this Statement.
Pursuant to Rule 13d-5(b)(1) under the Securities Exchange Act, as amended, New
Frontier, Founder Capital, William L. Musser, Jr., William L. Musser Co., Inc.,
Westward and the Colman Family Trust may be deemed to be members of a group by
virtue of the power of William L. Musser, Jr. to directly or indirectly dispose
of or cause the disposition of the Common Shares covered by this Statement.

ITEM 9. NOTICE OF DISSOLUTION OF GROUP.

Inapplicable.
<PAGE> 12
Page 12 of 15 Pages

ITEM 10. CERTIFICATION.

By signing below, the undersigned certify that, to the best of
their knowledge and belief, the securities referred to above were not
acquired and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the securities and
were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect.
<PAGE> 13
Page 13 of 15 Pages

After reasonable inquiry and to the best of its knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.

Dated: December 21, 1998

NEW FRONTIER CAPITAL, L.P.
By: Founder Capital, L.P.
General Partner

By: /s/ William L. Musser, Jr.
William L. Musser, Jr.
General Partner

WESTWARD, INC.
By: William L. Musser Co., Inc.
Investment Manager

By: /s/ William L. Musser, Jr.
William L. Musser, Jr.
President

EDWIN W. COLMAN FAMILY TRUST

By: /s/ Carol Colman Timmis
Carol Colman Timmis
Co-Trustee

By: /s/ William L. Musser, Jr.
William L. Musser Jr.

<PAGE> 1
Page 14 of 15 Pages

Exhibit 1

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP

New Frontier, Founder Capital, William L. Musser, Jr., William L.
Musser Co., Inc., Westward and the Colman Family Trust hereby declare that no
agreement exists among them to act together for the purpose of acquiring,
holding, voting or disposing of the Common Shares covered by this Statement.
Pursuant to Rule 13d-5(b)(1) under the Securities Exchange Act, as amended, New
Frontier, Founder Capital, William L. Musser, Jr., William L. Musser Co., Inc.,
Westward and the Colman Family Trust may be deemed to be members of a group by
virtue of the power of William L. Musser, Jr. to directly or indirectly dispose
of or cause the disposition of the Common Shares covered by this Statement.

<PAGE> 1
Page 15 of 15 Pages

Exhibit 2

JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k) under the Securities Exchange Act of
1934, as amended, each of the persons named below agrees to the joint filing of
a Statement on Schedule 13G (including amendments thereto) with respect to the
common stock, par value $0.01, of WorldTalk Communications Corporation and
further agrees that this Joint Filing Agreement be included as an exhibit to
such filings provided that, as contemplated by Section 13d-1(k)(1)(ii), no
person shall be responsible for the completeness or accuracy of the information
concerning the other persons making the filing, unless such person knows or has
reason to believe that such information is inaccurate. This Joint Filing may be
executed in any number of counterparts, all of which together shall constitute
one and the same instrument.

NEW FRONTIER CAPITAL, L.P.
By: Founder Capital, L.P.
General Partner

By: /s/ William L. Musser, Jr.
William L. Musser, Jr.
General Partner

WESTWARD, INC.
By: William L. Musser Co., Inc.
Investment Manager

By: /s/ William L. Musser, Jr.
William L. Musser, Jr.
President

EDWIN W. COLMAN FAMILY TRUST

By: /s/ Carol Colman Timmis
Carol Colman Timmis
Co-Trustee

By: /s/ William L. Musser, Jr.
William L. Musser, Jr.