UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 48)
DYNACORE HOLDINGS CORPORATION
-------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, Par Value $.01 Per Share
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(Title of Class of Securities)
26779T 30 8
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(CUSIP Number)
Asher B. Edelman,
717 Fifth Avenue
New York, New York 10022 (212) 371-7711
-------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
December 18, 2000
-------------------------------------------------------------------------------
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b)(3) or (4), check the following box.
Check the following box if a fee is being paid with the statement.
(A fee is not required only if the reporting 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).
Note: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13d-1(a) for other parties to whom copies are to
be sent.
*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>
Amendment No. 48 SCHEDULE 13D CUSIP# 26779T308
1. NAME OF REPORTING PERSON S.S. OR IRS
IDENTIFICATION NO. OF ABOVE PERSON
Asher B. Edelman
----------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
PF, OO
--------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS [ ]
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION
United States
--------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER 947,125
---------------------------------------
SHARES
BENEFICIALLY 8. SHARED VOTING POWER
-------------------------------------
OWNED BY
EACH 9. SOLE DISPOSITIVE POWER 947,125
-----------------------------------
REPORTING
PERSON WITH 10. SHARED DISPOSITIVE POWER
--------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
947,125
12. CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES* [x]
__
----------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
9.5%
14. TYPE OF REPORTING PERSON*
IN
---------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
1. NAME OF REPORTING PERSON S.S. OR IRS
IDENTIFICATION NO. OF ABOVE PERSON
Plaza Securities Company
----------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
WC,OO
----------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
---------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER 99,381
---------------------------------------
SHARES
BENEFICIALLY 8. SHARED VOTING POWER
-------------------------------------
OWNED BY
EACH 9. SOLE DISPOSITIVE POWER 99,381
----------------------------------
REPORTING
PERSON WITH 10. SHARED DISPOSITIVE POWER
------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
99,381
12. CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES* [ ]
__
----------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1%
14. TYPE OF REPORTING PERSON*
PN
----------------------------------------------------------------------
<PAGE>
* SEE INSTRUCTIONS BEFORE FILLING OUT!
1. NAME OF REPORTING PERSON S.S. OR IRS
IDENTIFICATION NO. OF ABOVE PERSON
A.B. Edelman Management Co.
---------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
Not Applicable
----------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS [ ]
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
--------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER 0
----------------------------------------
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 0
-------------------------------------
OWNED BY
EACH 9. SOLE DISPOSITIVE POWER 0
-----------------------------------
REPORTING
PERSON WITH 10. SHARED DISPOSITIVE POWER 211,379 (Shares owned by Canal
Capital Corporation and Edelman Value Partners, L.P.)
--------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
211,379 (Shares owned by Canal Capital Corporation and Edelman Value
Partners, L.P.)
--------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES* [ ]
__
----------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.1%
14. TYPE OF REPORTING PERSON*
CO
----------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
1. NAME OF REPORTING PERSON S.S. OR IRS
IDENTIFICATION NO. OF ABOVE PERSON
Canal Capital Corporation
---------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
WC, OO
----------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS [ ]
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
----------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER 81,348
----------------------------------------
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 0
-------------------------------------
OWNED BY
EACH 9. SOLE DISPOSITIVE POWER 0
-----------------------------------
REPORTING
PERSON WITH 10. SHARED DISPOSITIVE POWER 81,348
--------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
81,348
12. CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES* [ ]
__
----------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.8%
14. TYPE OF REPORTING PERSON*
CO
----------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
1. NAME OF REPORTING PERSON S.S. OR IRS
IDENTIFICATION NO. OF ABOVE PERSON
Edelman Value Partners, L.P.
----------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
----------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER 130,031
---------------------------------
SHARES
BENEFICIALLY 8. SHARED VOTING POWER
-------------------------------------
OWNED BY
EACH 9. SOLE DISPOSITIVE POWER 130,031
-----------------------------------
REPORTING
PERSON WITH 10. SHARED DISPOSITIVE POWER
--------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
130,031
12. CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES* [ ]
__
----------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.3%
14. TYPE OF REPORTING PERSON*
PN
----------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
1. NAME OF REPORTING PERSON S.S. OR IRS
IDENTIFICATION NO. OF ABOVE PERSON
Regina M. Edelman
---------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
PF, OO
----------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Brazil
----------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER 43,459
----------------------------------------
SHARES
BENEFICIALLY 8. SHARED VOTING POWER
-------------------------------------
OWNED BY
EACH 9. SOLE DISPOSITIVE POWER 43,459
-----------------------------------
REPORTING
PERSON WITH 10. SHARED DISPOSITIVE POWER
--------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
43,459
12. CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES* [x ]
__
----------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.4%
14. TYPE OF REPORTING PERSON*
IN
----------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
1. NAME OF REPORTING PERSON S.S. OR IRS
IDENTIFICATION NO. OF ABOVE PERSON
Edelman Value Fund, Ltd.
---------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
WC
----------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
----------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
----------------------------------------
SHARES
BENEFICIALLY 8. SHARED VOTING POWER 231,194
-------------------------------------
OWNED BY
EACH 9. SOLE DISPOSITIVE POWER
-----------------------------------
REPORTING
PERSON WITH 10. SHARED DISPOSITIVE POWER 231,194
--------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
231,194
12. CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES* [ ]
__
----------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.3%
14. TYPE OF REPORTING PERSON*
PN
----------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
1. NAME OF REPORTING PERSON S.S. OR IRS
IDENTIFICATION NO. OF ABOVE PERSON
Felicitas Partners, L.P.
---------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
WC,OO
----------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS [ ]
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
----------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER 1,416
----------------------------------------
SHARES
BENEFICIALLY 8. SHARED VOTING POWER
-------------------------------------
OWNED BY
EACH 9. SOLE DISPOSITIVE POWER
-----------------------------------
REPORTING
PERSON WITH 10. SHARED DISPOSITIVE POWER 1,416
--------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,416
12. CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES* [ ]
__
----------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than .1%
----------------------------------------------------------------------
14. TYPE OF REPORTING PERSON*
PN
----------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
1. NAME OF REPORTING PERSON S.S. OR IRS
IDENTIFICATION NO. OF ABOVE PERSON
A.B. Edelman Limited Partnership
----------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
WC,OO
----------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS [ ]
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
----------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER 211,527
----------------------------------------
SHARES
BENEFICIALLY 8. SHARED VOTING POWER
-------------------------------------
OWNED BY
EACH 9. SOLE DISPOSITIVE POWER 211,527
-----------------------------------
REPORTING
PERSON WITH 10. SHARED DISPOSITIVE POWER
---------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
211,527
12. CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES* [ ]
__
----------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.1%
14. TYPE OF REPORTING PERSON*
PN
----------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
1. NAME OF REPORTING PERSON S.S. OR IRS
IDENTIFICATION NO. OF ABOVE PERSON
Edelman Family Partnership, L.P.
----------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
WC, OO
----------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS [ ]
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
----------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER 9,325
----------------------------------------
SHARES
BENEFICIALLY 8. SHARED VOTING POWER
-------------------------------------
OWNED BY
EACH 9. SOLE DISPOSITIVE POWER 9,325
-----------------------------------
REPORTING
PERSON WITH 10. SHARED DISPOSITIVE POWER
--------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9,325
12. CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES* [ ]
__
----------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.1%
14. TYPE OF REPORTING PERSON*
PN
---------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
1. NAME OF REPORTING PERSON S.S. OR IRS
IDENTIFICATION NO. OF ABOVE PERSON
Canal Corporation Retirement Plan
---------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
WC, OO
----------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS [ ]
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
----------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER 27,287
----------------------------------------
SHARES
BENEFICIALLY 8. SHARED VOTING POWER
-------------------------------------
OWNED BY
EACH 9. SOLE DISPOSITIVE POWER 27,287
-----------------------------------
REPORTING
PERSON WITH 10. SHARED DISPOSITIVE POWER
--------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
27,287
12. CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES* [ ]
__
----------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.3%
14. TYPE OF REPORTING PERSON*
EP
----------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
1. NAME OF REPORTING PERSON S.S. OR IRS
IDENTIFICATION NO. OF ABOVE PERSON
Datapoint Corporation Supplemental Executive Retirement Plan
---------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [x] (b) [ ]
3. SEC USE ONLY
4. SOURCE OF FUNDS*
WC, OO
----------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS [ ]
IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
6. CITIZENSHIP OR PLACE OF ORGANIZATION
New York
----------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER 71,253
----------------------------------------
SHARES
BENEFICIALLY 8. SHARED VOTING POWER
-------------------------------------
OWNED BY
EACH 9. SOLE DISPOSITIVE POWER 71,253
-----------------------------------
REPORTING
PERSON WITH 10. SHARED DISPOSITIVE POWER
--------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
71,253
12. CHECK BOX IF THE AGGREGATE AMOUNT IN
ROW (11) EXCLUDES CERTAIN SHARES* [ ]
__
----------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.7%
14. TYPE OF REPORTING PERSON*
EP
----------------------------------------------------------------------
* SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
This Statement constitutes Amendment No. 48 to the schedule 13D filed
by Asher B. Edelman, with respect to the shares of the common stock, par value
$.01 per share (the "Shares" or "Common Stock"), of Dynacore Holdings
Corporation, a Delaware corporation (f/k/a/ Datapoint Corporation) (the
"Company"). All share numbers included herein give effect to the cancellation of
each of the old common stock of the Company, $.025 par value, the Preferred
Stock of the Company, and the 8 7/8% Convertible Subordinated Debentures due
June 1, 2006 issued by the Company (the "Debentures"), and issuance of the new
Common Stock of the Company pursuant to the Amended Plan of Reorganization of
the Company, filed as Exhibit 99.1 to the Company's Form 8-K which was filed
with the Securities and Exchange Commission on December 8, 2000.
1. Item 1 of the Schedule 13D is hereby amended and restated as follows:
This statement, as amended, relates to the common stock, par value $.01
per share ("Common Stock"), issued by Dynacore Holdings Corporation (f/k/a/
Datapoint Corporation) (the "Company"), whose principal domestic executive
offices are at 8410 Datapoint Drive, San Antonio, Texas 78229.
2. Item 4 of the Schedule 13D is hereby amended and restated as follows:
The purpose of the holding of shares of Common Stock by Mr. Edelman and
the other reporting persons is for investment. Mr. Edelman has been Chairman of
the Company's Board of Directors and Chief Executive Officer of the Company
since February 1993.
Each of Mr. Edelman and the other reporting persons intends to review
its investment in the Company on a continuing basis and, depending upon various
factors, including the Company's Business affairs and financial position, the
price levels of the shares of the Common Stock, and conditions in the securities
markets and general economic and industry conditions, will take such actions
with respect to its respective investment in the Company as it deems appropriate
in light of the circumstances existing from time to time. Such actions may
include the acquisition of additional shares of the Common Stock through the
open-market or in privately negotiated transactions to one or more purchasers
under appropriate circumstances.
3. Item 5(a) of the Schedule 13D is hereby amended and restated as follows:
(a) The aggregate percentage of the outstanding shares of Common Stock
reported owned by each person referred to herein is based upon 10,000,000 shares
of Common Stock outstanding as of December 18, 2000, based upon information
received from the Company.
As of the close of business on December 18, 2000:
(i) Plaza Securities Company ("Plaza") owns 99,381 shares of Common
Stock constituting approximately 1% of the Common Stock outstanding;
(ii) A.B. Edelman Management Co., Inc. ("Edelman Management") owns no
shares of Common Stock. As investment manager for Canal Capital Corporation
("Canal") and as sole general partner of Edelman Value Partners, L.P., Edelman
Management may be deemed, by the provisions of Rule 13d-3, to be the beneficial
owner of 81,348 shares of Common Stock owned by Canal and the 130,031 shares of
Common Stock owned by Edelman Value Partners, L.P., totaling 211,379
beneficially owned shares. Such shares constitute approximately 2.1% of the
Common Stock outstanding.
(iii) Canal Capital Corporation ("Canal") owns 81,348 shares of Common
Stock constituting approximately.8% of the Common Stock outstanding.
(iv) Edelman Value Partners, L.P. owns 130,031 shares of Common Stock
constituting approximately 1.3% of the Common stock outstanding.
(v) Regina M. Edelman owns 43,459 shares of Common Stock constituting
approximately .4 % of the Common Stock outstanding. Further by reason of the
provisions of Rule 13d-3, Asher B. Edelman may be deemed to beneficially own
such shares although such shares are expressly disclaimed by Mr. Edelman.
(vi) Edelman Value Fund, Ltd. owns 231,194 shares of Common Stock
constituting 2.3% of the Common Stock outstanding.
(vii) Felicitas Partners, L.P. owns 1,416 shares of Common Stock
constituting less than .1% of the Common Stock outstanding.
<PAGE>
(viii) A.B. Edelman Limited Partnership owns 211,527 shares of Common
Stock constituting 2.1% of the Common Stock outstanding.
(ix) The Uniform Gifts to Minors accounts for Mr. Edelman's three (3)
daughters for which he is custodian own a total of 4,728 shares of Common Stock
constituting less than .1% of the Common Stock outstanding.
(x) Edelman Family Partnership, L.P. owns 9,325 shares of Common Stock
constituting approximately .1% of the Common Stock outstanding.
(xi) Asher B. Edelman owns 1,125 shares of Common Stock in a Keough
plan. He also directly owns 946,000 shares of Common Stock. By reason of the
provisions of Rule 13d-3, Mr. Edelman may be deemed to own beneficially the
1,759,534 shares of Common Stock beneficially owned by the foregoing persons and
himself, constituting approximately 17.6% of the Common Stock outstanding.
(xii) The Canal Corporation Retirement Plan owns 27,287 shares of
Common Stock constituting approximately .3% of the Common Stock outstanding.
(xiii) The Datapoint Corporation Supplemental Executive Retirement Plan
("Datapoint Plan") owns 71,253 shares of Common Stock constituting .7% of the
Common Stock outstanding.
(xiv) Certain other persons who are related to, affiliated with or
customers of Mr. Edelman own Common Stock but are not members of the group of
reporting persons due to the absence of voting or dispositive power over such
shares. Such persons include: (A) Penelope Edelman, Mr. Edelman's former wife,
who owns 411 shares of Common Stock constituting less than .1% shares of Common
Stock outstanding; (B) Three Uniform Gifts to Minors Accounts for the benefit of
children of Mr. Edelman, of which Mr. Edelman's former wife is custodian, own
13,172 shares of Common Stock constituting approximately .1% of the Common Stock
outstanding;
(xv) To the best knowledge of the reporting persons, certain directors,
officers and/or general partners of the reporting persons own the following
amounts of Common Stock (based upon information reported by the Company or such
individuals in public filings): (A) Gerald N. Agranoff, a director of Canal, a
general partner of Edelman Family Partnership, and a Trustee of the Datapoint
Plan, currently owns 6,618 shares of Common stock, constituting less than .1% of
the outstanding shares; and (B) Irving Garfinkel, a general partner of Plaza, a
general partner of Edelman Family Partnership, an executive officer of Edelman
Management and a Trustee of the Datapoint Plan currently owns 1,481 shares of
Common Stock, constituting less than .1% of the outstanding shares. Mr. Edelman
expressly disclaims ownership of the foregoing shares.
4. Item 5(c) of the Schedule 13D is hereby amended and restated as follows:
(c) Other than as reflected above, there were no transactions in the
Common Stock within the 60 days preceding this Amendment by the reporting
persons and, to the best knowledge of the reporting persons, by the other named
individuals and entities above.
<PAGE>
SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
Dated: January 11, 2001 DYNACORE HOLDINGS CORPORATION
By: /s/ Asher B. Edelman
-------------------------------
Name: Asher B. Edelman
Asher B. Edelman, individually
and as attorney-in-fact for
each of Plaza Securities
Company, Canal Capital
Corporation, A.B. Edelman
Limited Partnership, Edelman
Value Partners, L.P., Felicitas
Partners, L.P., A.B. Edelman
Management Co., Inc., Regina
M. Edelman, Canal Capital
Corporation Retirement Plan,
Datapoint Corporation
Supplemental Executive
Retirement Plan, Edelman Family
Partnership Fund, L.P. and
Edelman Value Fund, Ltd. under
powers of attorney.
