DUNN COMPUTER CORP
SC 13G, 2000-03-23
ELECTRONIC COMPUTERS
Previous: PAPP AMERICA PACIFIC RIM FUND INC, 24F-2NT, 2000-03-23
Next: PSW TECHNOLOGIES INC, S-3/A, 2000-03-23



<PAGE>

                      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.  )*


                           Dunn Computer Corporation
_______________________________________________________________________________
                               (Name of Issuer)


                    Common Stock par value $0.001 per share
_______________________________________________________________________________
                         (Title of Class of Securities)


                                   265771105
                         -----------------------------
                                (CUSIP Number)


                                 March 13, 2000
            (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)

         [X]  Rule 13d-(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 the disclosures provided in a prior cover page.

          The information required in 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>


- -----------------------------                    ------------------------------
 CUSIP No. 265771105                              Page 2 of 7 Pages
           ---------
- -----------------------------                    ------------------------------

- -------------------------------------------------------------------------------
 1     NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       Briarcliff Investors, LLC
       I.R.S. # 52-2220116

- ------------------------------------------------------------------------------
 2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                (a) [_]
                                                                (b) [_]

- ------------------------------------------------------------------------------
 3     SEC USE ONLY


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


      State of Delaware
- ------------------------------------------------------------------------------
                     5     SOLE VOTING POWER

     NUMBER OF
                           0
      SHARES       -----------------------------------------------------------
                     6     SHARED VOTING POWER
   BENEFICIALLY

     OWNED BY              1,071,700
                   -----------------------------------------------------------
       EACH          7     SOLE DISPOSITIVE POWER

    REPORTING
                           0
      PERSON       -----------------------------------------------------------
                     8     SHARED DISPOSITIVE POWER
       WITH

                           1,071,700
- ------------------------------------------------------------------------------
 9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON


       1,071,700
- ------------------------------------------------------------------------------
10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*


- ------------------------------------------------------------------------------
11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9


       9.0%
- ------------------------------------------------------------------------------
12     TYPE OF REPORTING PERSON*


       00
- ------------------------------------------------------------------------------


                     *SEE INSTRUCTION BEFORE FILLING OUT!

                               Page 2 of 7 pages

<PAGE>


- -----------------------------                    ------------------------------
 CUSIP No. 265771105                              Page 3 of 7 Pages
           ---------
- -----------------------------                    ------------------------------

- -------------------------------------------------------------------------------
 1     NAME OF REPORTING PERSON
       S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
       WEC Asset Management LLC
       I.R.S. # 52-2146721

- ------------------------------------------------------------------------------
 2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
                                                                (a) [_]
                                                                (b) [_]

- ------------------------------------------------------------------------------
 3     SEC USE ONLY


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


      State of Delaware
- ------------------------------------------------------------------------------
                     5     SOLE VOTING POWER

     NUMBER OF
                           0
      SHARES       -----------------------------------------------------------
                     6     SHARED VOTING POWER
   BENEFICIALLY

     OWNED BY              1,071,700
                   -----------------------------------------------------------
       EACH          7     SOLE DISPOSITIVE POWER

    REPORTING
                           0
      PERSON       -----------------------------------------------------------
                     8     SHARED DISPOSITIVE POWER
       WITH

                           1,071,700
- ------------------------------------------------------------------------------
 9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON


       1,071,700
- ------------------------------------------------------------------------------
10     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*


- ------------------------------------------------------------------------------
11     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9


       9.0%
- ------------------------------------------------------------------------------
12     TYPE OF REPORTING PERSON*


       00
- ------------------------------------------------------------------------------


                     *SEE INSTRUCTION BEFORE FILLING OUT!

                               Page 3 of 7 pages


<PAGE>

Item 1(a)  Name of Issuer
- ---------  --------------

           Dunn Computer Corporation

Item 1(b)  Address of Issuer's Principal Executive Offices
- ---------  -----------------------------------------------

           1306 Squire Court

           Sterling, Virginia 21066

Item 2(a)  Name of Person Filing
- ---------  ---------------------

           Briarcliff Investors, LLC ("Briarcliff")
           WEC Asset Management LLC ("WEC")

Item 2(b)  Address of Principal Business Office or, if none, Residence
- ---------  -----------------------------------------------------------

           Address of principal business office of each of
           Briarcliff and WEC is:

           110 Colabaugh Pond Road
           Croton-on-Hudson, NY  10520

Item 2(c)  Citizenship
- ---------  -----------

           Briarcliff and WEC are Delaware limited liability companies.

Item 2(d)  Title of Class of Securities
- ---------  ----------------------------

           Common Stock, par value $0.001 per share

Item 2(e)  CUSIP Number
- ---------  ------------

           265771105

Item 3     Not applicable.
- ------


Item 4     Ownership
- ------     ---------

           (a) and (b)

           Briarcliff beneficially owns 1,071,700 shares of Common Stock,
           representing approximately 9.0% of the total outstanding shares of
           Common Stock.  WEC, as the Manager of Briarcliff, has shared voting
           and dispositive power over the shares held by Briarcliff and may be
           deemed to be the beneficial owner of such shares.

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 of Behalf of Another Person
- ------     ---------------------------------------------------------------

           Not applicable.

                                  Page 4 of 7 pages
<PAGE>

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.

Item 9    Notice of Dissolution of Group
- ------    ------------------------------

          Not applicable.

Item 10   Certification
- -------   -------------

          By signing below I certify that, to the best of my 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 5 of 7 pages
<PAGE>

                                   SIGNATURE

          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.

March 23, 2000      BRIARCLIFF INVESTORS LLC

                         By:  WEC Asset Management LLC, its Manager



                         By:  /s/ Ethan Benovitz
                             ------------------------------
                              Name:   Ethan Benovitz
                              Title:  Managing Director


March 23, 2000      WEC ASSET MANAGEMENT LLC


                         By:  /s/ Ethan Benovitz
                             ------------------------------
                              Name:   Ethan Benovitz
                              Title:  Managing Director






                               Page 6 of 7 pages

<PAGE>

                                                                       Exhibit I
                                                                       ---------

                             JOINT FILING AGREEMENT

          Pursuant to Rule 13d-1(k)(1) promulgated pursuant to the Securities
Exchange Act of 1934, as amended, the undersigned agree that the attached
Schedule 13G is being filed on behalf of each of the undersigned.



March 23, 2000       BRIARCLIFF INVESTORS LLC


                            By:  WEC Asset Management LLC, its Manager



                            By:  /s/ Ethan Benovitz
                                ---------------------------
                                Name:   Ethan Benovitz
                                Title:  Managing Director



March 23, 2000       WEC ASSET MANAGEMENT LLC


                            By:  /s/ Ethan Benovitz
                                ---------------------------
                                Name:   Ethan Benovitz
                                Title:  Managing Director





                               Page 7 of 7 pages


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission