SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
CONCENTRIC NETWORK CORPORATION
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock
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(Title of Class of Securities)
20589R 10 7
--------------------------------------------------------
(CUSIP Number)
Check the following box if a fee is being paid with this statement [_].
(A fee is not required only if the filing person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
*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 1 of 7 pages
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CUSIP NO. 20589R 10 7
- ---------------------
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1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SOFTBANK Ventures, Inc.*(IRS#: N/A)
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2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
Japan
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5. SOLE VOTING POWER
NUMBER OF 1,026,179 Shares Common
SHARES --------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
EACH --------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 1,026,179 Shares Common
WITH --------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,026,179 Shares
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.2%
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12. TYPE OF REPORTING PERSON
CO
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- --------
* SOFTBANK Ventures, Inc., which directly owns the shares of the Issuer, is a
wholly-owned subsidiary of SOFTBANK Corporation. Mr. Son is the President and
Chief Executive Officer of, and owns directly and indirectly approximately 50%
interest in, SOFTBANK Corporation.
Page 2 of 7 pages
<PAGE>
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CUSIP NO. 20589R 10 7
- ---------------------
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
SOFTBANK Corporation (IRS#: N/A)
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Japan
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 1,026,179 Shares Common
SHARES --------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
EACH --------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 1,026,179 Shares Common
WITH --------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,026,179 Shares
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.2%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
HC
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Page 3 of 7 pages
<PAGE>
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CUSIP NO. 20589R 10 7
- ---------------------
- --------------------------------------------------------------------------------
1. NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Masayoshi Son (IRS#: N/A)
- --------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3. SEC USE ONLY
- --------------------------------------------------------------------------------
4. CITIZENSHIP OR PLACE OF ORGANIZATION
Japan
- --------------------------------------------------------------------------------
5. SOLE VOTING POWER
NUMBER OF 1,026,179 Shares Common
SHARES --------------------------------------------------------------
BENEFICIALLY 6. SHARED VOTING POWER
OWNED BY
EACH --------------------------------------------------------------
REPORTING 7. SOLE DISPOSITIVE POWER
PERSON 1,026,179 Shares Common
WITH --------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
- --------------------------------------------------------------------------------
9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,026,179 Shares
- --------------------------------------------------------------------------------
10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
- --------------------------------------------------------------------------------
11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.2%
- --------------------------------------------------------------------------------
12. TYPE OF REPORTING PERSON
IN
- --------------------------------------------------------------------------------
Page 4 of 7 pages
<PAGE>
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CUSIP NO. 20589R 10 7
- -------------------------
ITEM 1.
(a) Name of Issuer: Concentric Network Corporation
(b) Address of Issuer's Principal Executive Offices:
10590 N. Tantau Avenue
Cupertino, CA 95014
ITEM 2.
(a) Name of Person Filing: SOFTBANK Ventures, Inc.
SOFTBANK Corporation
Masayoshi Son
(b) Address of Principal Business Office or,
if none, Residence
24-1, Nihonbashi - Hakozakicho
Chuo-ku, Tokyo 103, Japan
(c) Citizenship: Japan
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 20589R 10 7
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B),
CHECK WHETHER THE PERSON IS A:
(a) [_] Broker or Dealer registered under Section 15 of the Act
(b) [_] Bank as defined in section 3(a)(6) of the Act
(c) [_] Insurance Company as defined in section 3(a)(19) of the Act
(d) [_] Investment Company registered under section 8 of the
Investment Company Act
(e) [_] Investment Adviser registered under section 203 of the
Investment Advisers Act of 1940
(f) [_] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of
1974 or Endowment Fund, see ss. 240.13d-1(b)(1)(ii)(F)
(g) [_] Parent Holding Company, in accordance with ss. 240.13d-1(b)
(ii)(G) (Note: See Item 7)
Page 5 of 7 pages
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(h) [_] Group, in accordance with ss. 240.13d-1(b)(1)(ii)(H)
ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned: 1,026,179
(b) Percent of Class: 7.2%
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
1,026,179
(ii) shared power to vote or to direct the vote
(iii) sole power to dispose or direct the
disposition of 1,026,179
(iv) shared power to dispose or direct the
disposition of
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the date
hereof the reporting person has ceased to be the beneficial owner of more than
five percent of the class of securities, check the following [_].
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
N/A
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
N/A
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
N/A
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
N/A
Page 6 of 7 pages
<PAGE>
ITEM 10.
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary course of
business and were not acquired for the purpose of and do not have the effect of
changing or influencing the control of the issuer of such securities and were
not acquired in connection with or as a participant in any transaction having
such purposes or effect.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
February 17, 1998
SOFTBANK Ventures, Inc.
By: /s/ Yoshitaka Kitao
------------------------------------------
Yoshitaka Kitao, President & CEO
1 SOFTBANK CORPORATION
By: /s/ Stephen A. Grant
------------------------------------------
Stephen A. Grant, Attorney-in-Fact
MASAYOSHI SON
By: /s/ Stephen A. Grant
------------------------------------------
Stephen A. Grant, Attorney-in-Fact
Page 7 of 7 pages
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that Masayoshi Son and SOFTBANK
Corporation (each a "Grantor") have made, constituted and appointed, and by
these presents does make, constitute and appoint, each of Ronald D. Fisher and
Stephen Grant (each an "Attorney"), the true and lawful agent and
attorney-in-fact, with full power of substitution and resubstitution, of the
Grantor, for and in Grantor's name, place and stead, in any and all capacities,
to do all or any of the following acts, matters and things:
1. To sign on behalf of the Grantor statements on Schedule 13D or
13G, or amendment thereto pursuant to Section 13(d) under the
Securities Exchange Act of 1934.
2. To do all such other acts and things as, in such Attorney's
discretion, he deems appropriate or desirable for the purpose
of filing such statements on Schedule 13D or 13G, or amendment
thereto.
3. To appoint in writing one or more substitutes who shall have
the power to act on behalf of the Grantor as if that
substitute or those substitutes shall have been originally
appointed Attorney(s) by this Power of Attorney and/or to
revoke any such appointment at any time without assigning any
reason therefor.
The Grantor hereby ratifies and confirms all that said agents and
attorneys-in-fact or any substitute or substitutes may lawfully do or cause to
be done by virtue hereof.
The words Grantor and Attorney shall include all grantors and attorneys
under this Power of Attorney.
IN WITNESS WHEREOF, the Grantor duly assents to this Power of Attorney
by his signature as of the 17th day of February 1998.
Masayoshi Son
/s/ Masayoshi Son
-----------------------------------------
Masayoshi Son
SOFTBANK Corporation
/s/ Masayoshi Son
-----------------------------------------
Masayoshi Son, President and CEO
