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CUSIP NO. 003743101 13G PAGE 1 OF 9 PAGES
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b) (c), and (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No._______)(1)
ABOVENET COMMUNICATIONS INC.
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(Name of Issuer)
Common Stock, par value $0.001
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(Title of Class of Securities)
003743101
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(CUSIP Number)
December 31, 1998
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(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
Rule 13d-1(b)
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Rule 13d-1(c)
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X Rule 13d-1(d)
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(1) 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).
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CUSIP NO. 003743101 13G PAGE 2 OF 9 PAGES
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Techgains Corp.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X] (b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
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5 SOLE VOTING POWER
NUMBER OF 0 shares
SHARES --------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 744,807 shares, 623,654 of which shares are
EACH directly owned by Techgains Corp. Technology
REPORTING Associates Management Co., Ltd. (TAMC) is the
PERSON WITH management company of Techgains Corp and may be
deemed to have shared voting power with respect
to such shares.
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7 SOLE DISPOSITIVE POWER
0 shares
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8 SHARED DISPOSITIVE POWER
744,807 shares, 623,654 of which shares are
directly owned by Techgains Corp. Technology
Associates Management Co., Ltd. (TAMC) is the
management company of Techgains Corp and may be
deemed to have shared dispositive power with
respect to such shares.
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
744,807
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
7.1%
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 003743101 13G PAGE 3 OF 9 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Technology Associates Management Co., Ltd.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [X] (b) [ ]
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
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5 SOLE VOTING POWER
NUMBER OF 0 shares
SHARES --------------------------------------------------------
BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY 744,807 shares, 121,153 of which shares are
EACH directly owned by Technology Associates
REPORTING Management Co., Ltd. (TAMC).
PERSON WITH
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7 SOLE DISPOSITIVE POWER
0 shares
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8 SHARED DISPOSITIVE POWER
744,807 shares, 121,153 of which shares are
directly owned by Technology Associates
Management Co., Ltd. (TAMC).
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
744,807
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.1%
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12 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 003743101 13G PAGE 4 OF 9 PAGES
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ITEM 1(a). NAME OF ISSUER:
AboveNet Communications Inc.
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
50 W. San Fernando Street, Suite 1010
San Jose, California 95113
ITEM 2(a). NAME OF PERSONS FILING:
This Statement is filed by Techgains Corp. and Technology
Associates Management Co., Ltd. (TAMC). The foregoing entities and individuals
are collectively referred to as the "Reporting Persons."
TAMC is the management company of Techgains Corp., and may be
deemed to have shared power to vote and shared power to dispose of shares of the
issuer directly owned by Techgains Corp.
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE, OR, IF NONE, RESIDENCE:
The address of the principal business office for each of the
Reporting Persons is:
Romasco Place, Wickhams Cay 1
P.O. Box 3140, Road Town
Tortola, British Virgin Islands
ITEM 2(c) CITIZENSHIP:
Techgains Corp. and TAMC are British Virgin Islands entities.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e). CUSIP NUMBER:
CUSIP # 003743101
ITEM 3. Not Applicable
ITEM 4. OWNERSHIP:
The following information with respect to the ownership of the
Common Stock of the issuer by the persons filing this Statement
is provided as of December 31, 1998:
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CUSIP NO. 003743101 13G PAGE 5 OF 9 PAGES
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(a) Amount beneficially owned:
See Row 9 of cover page for each Reporting Person.
(b) Percent of Class:
See Row 11 of cover page for each Reporting Person.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to direct the vote:
See Row 5 of cover page for each Reporting
Person.
(ii) Shared power to vote or to direct the vote:
See Row 6 of cover page for each Reporting
Person.
(iii) Sole power to dispose or to direct the
disposition of:
See Row 7 of cover page for each Reporting
Person.
(iv) Shared power to dispose or to direct the
disposition of:
See Row 8 of cover page for each Reporting
Person.
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Not applicable
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
COMPANY:
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
Not applicable
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CUSIP NO. 003743101 13G PAGE 6 OF 9 PAGES
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ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
Not applicable
ITEM 10. CERTIFICATION:
Not applicable
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CUSIP NO. 003743101 13G PAGE 7 OF 9 PAGES
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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.
Dated: February 10, 1999
Techgains Corp. /s/ Tom Shao
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Signature
Tom Shao
Managing Director
Technology Associates Management Co., Ltd. /s/ Tom Shao
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Signature
Tom Shao
Managing Director
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CUSIP NO. 003743101 13G PAGE 8 OF 9 PAGES
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EXHIBIT INDEX
<TABLE>
<CAPTION>
Found on
Sequentially
Exhibit Numbered Page
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<S> <C>
Exhibit A: Agreement of Joint Filing 15
</TABLE>
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CUSIP NO. 003743101 13G PAGE 9 OF 9 PAGES
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EXHIBIT A
Agreement of Joint Filing
The undersigned hereby agree that a single Schedule 13G (or any
amendment thereto) relating to the Common Stock of AboveNet Communications Inc.
shall be filed on behalf of each of the undersigned and that this Agreement
shall be filed as an exhibit to such Schedule 13G.
Date: February 10, 1999
Techgains Corp. /s/ Tom Shao
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Signature
Tom Shao
Managing Director
Technology Associates Management Co., Ltd. /s/ Tom Shao
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Signature
Tom Shao
Managing Director
