THIS PAPER DOCUMENT IS BEING SUBMITTED PURSUANT
TO RULE 101(d) OF REGULATION S-T
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Daniel Industries, Inc.
(Name of Issuer)
Common Stock Par Value $1.25 Per Share
(Title of Class and Securities)
236235107
(CUSIP Number of Class of Securities)
James E. McKee, Gabelli Funds, Inc.,
One Corporate Center, Rye, NY 10580-1435 (914) 921-5294
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
June 2, 1999
(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 that is the subject of this Schedule
13D, and is filing this schedule because of Sections 240.13d-1(e), or
240.13d-1(f) or 240.13d-1(g), check the following box [ ].
<PAGE>
_________________________________________________________________
CUSIP No. 236235107 13D
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Gabelli Funds, LLC I.D. No. 13-4044523
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
____
(a) /___/
____
(b) /___/
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
OO-Funds of investment company clients
_________________________________________________________________
(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
_________________________________________________________________
: (7) SOLE VOTING POWER
: 251,100 (Item 5)
:________________________
: (8) SHARED VOTING POWER
NUMBER OF SHARES BENEFICIALLY : None (Item 5)
OWNED BY EACH REPORTING :________________________
PERSON WITH : (9) SOLE DISPOSITIVE
: POWER
: 251,100 (Item 5)
:________________________
:(10) SHARED DISPOSITIVE
: POWER
: None (Item 5)
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
251,100 (Item 5)
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES* _____
/ /
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
1.29%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
IA
_________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
________________________________________________________________
CUSIP No. 236235107 13D
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
GAMCO Investors, Inc. I.D. No. 13-4044521
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
____
(a) /___/
____
(b) /___/
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
OO-Funds of investment advisory clients
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) _____
/ x /
_________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
New York
_________________________________________________________________
: (7) SOLE VOTING POWER
: 680,400 (Item 5)
:________________________
: (8) SHARED VOTING POWER
NUMBER OF SHARES BENEFICIALLY : None
OWNED BY EACH REPORTING :________________________
PERSON WITH : (9) SOLE DISPOSITIVE
: POWER
: 680,400 (Item 5)
:________________________
:(10) SHARED DISPOSITIVE
: POWER
: None
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
680,400 (Item 5)
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES* ____
/___/
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
3.50%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
IA, CO
_________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
_________________________________________________________________
CUSIP No. 236235107 13D
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Gabelli Associates Fund I.D. No. 13-3246203
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
____
(a) /___/
____
(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
New York
_________________________________________________________________
: (7) SOLE VOTING POWER
: 150,000 (Item 5)
:________________________
: (8) SHARED VOTING POWER
NUMBER OF SHARES BENEFICIALLY : None
OWNED BY EACH REPORTING :________________________
PERSON WITH : (9) SOLE DISPOSITIVE
: POWER
: 150,000 (Item 5)
:________________________
:(10) SHARED DISPOSITIVE
: POWER
: None
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
150,000 (Item 5)
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES* ____
/___/
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.77%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
PN
_________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
________________________________________________________________
CUSIP No. 236235107 13D
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Gabelli Associates Limited I.D. No. Foreign Corporation
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
____
(a) /___/
____
(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
_________________________________________________________________
: (7) SOLE VOTING POWER
: 85,500 (Item 5)
:________________________
: (8) SHARED VOTING POWER
NUMBER OF SHARES BENEFICIALLY : None
OWNED BY EACH REPORTING :________________________
PERSON WITH : (9) SOLE DISPOSITIVE
: POWER
: 85,500 (Item 5)
:________________________
:(10) SHARED DISPOSITIVE
: POWER
: None
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
85,500 (Item 5)
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES* ____
/___/
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.44%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
CO
_________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
_________________________________________________________________
CUSIP No. 236235107 13D
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Gabelli Fund, LDC I.D. No. Foreign Corporation
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
____
(a) /___/
____
(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
_________________________________________________________________
: (7) SOLE VOTING POWER
: 1,500 (Item 5)
:________________________
: (8) SHARED VOTING POWER
NUMBER OF SHARES BENEFICIALLY : None
OWNED BY EACH REPORTING :________________________
PERSON WITH : (9) SOLE DISPOSITIVE
: POWER
: 1,500 (Item 5)
:________________________
:(10) SHARED DISPOSITIVE
: POWER
: None
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,500 (Item 5)
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES* ____
/___/
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.01%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
CO
_________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
_________________________________________________________________
CUSIP No. 236235107 13D
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Gabelli Funds, Inc. I.D. No. 13-3056041
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
____
(a) /___/
____
(b) /___/
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
None
_________________________________________________________________
(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
_________________________________________________________________
: (7) SOLE VOTING POWER
: None (Item 5)
:________________________
: (8) SHARED VOTING POWER
NUMBER OF SHARES BENEFICIALLY : None (Item 5)
OWNED BY EACH REPORTING :________________________
PERSON WITH : (9) SOLE DISPOSITIVE
: POWER
: None (Item 5)
:________________________
:(10) SHARED DISPOSITIVE
: POWER
: None (Item 5)
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None (Item 5)
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES* _____
/ x /
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.00%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
HC, CO
_________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
________________________________________________________________
CUSIP No. 236235107 13D
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Gabelli Asset Management Inc. I.D. No. 13-4007862
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
____
(a) /___/
____
(b) /___/
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
None
_________________________________________________________________
(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
_________________________________________________________________
: (7) SOLE VOTING POWER
: None (Item 5)
:________________________
: (8) SHARED VOTING POWER
NUMBER OF SHARES BENEFICIALLY : None
OWNED BY EACH REPORTING :________________________
PERSON WITH : (9) SOLE DISPOSITIVE
: POWER
: None (Item 5)
:________________________
:(10) SHARED DISPOSITIVE
: POWER
: None
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None (Item 5)
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES* ____
/_X_/
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.00%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
HC, CO
_________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
_________________________________________________________________
CUSIP No. 236235107 13D
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Marc J. Gabelli
________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
____
(a) /___/
____
(b) /___/
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
None
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ____
/ /
_________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
USA
_________________________________________________________________
: (7) SOLE VOTING POWER
: None (Item 5)
:________________________
: (8) SHARED VOTING POWER
NUMBER OF SHARES BENEFICIALLY : None
OWNED BY EACH REPORTING :________________________
PERSON WITH : (9) SOLE DISPOSITIVE
: POWER
: None (Item 5)
:________________________
:(10) SHARED DISPOSITIVE
: POWER
: None
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None (Item 5)
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES* _____
/ /
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.00%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
IN
_________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
_________________________________________________________________
CUSIP No. 236235107 13D
_________________________________________________________________
(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Mario J. Gabelli
_________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
____
(a) /___/
____
(b) /___/
_________________________________________________________________
(3) SEC USE ONLY
_________________________________________________________________
(4) SOURCE OF FUNDS*
None
_________________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) or 2(e) ____
/ /
_________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
USA
_________________________________________________________________
: (7) SOLE VOTING POWER
: None (Item 5)
:________________________
: (8) SHARED VOTING POWER
NUMBER OF SHARES BENEFICIALLY : None
OWNED BY EACH REPORTING :________________________
PERSON WITH : (9) SOLE DISPOSITIVE
: POWER
: None (Item 5)
:________________________
:(10) SHARED DISPOSITIVE
: POWER
: None
_________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None (Item 5)
_________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11
EXCLUDES CERTAIN SHARES* _____
/ x /
_________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
0.00%
_________________________________________________________________
(14) TYPE OF REPORTING PERSON*
IN
_________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
<PAGE>
Item 1.Security and Issuer
The class of equity securities to which this statement
on Schedule 13D relates is the Common Stock, $1.25 par value per
share ("Securities"), of Daniel Industries, Inc. (the "Issuer"),
a Delaware corporation, with principal offices located at 9753
Pine Lakes Drive, Houston, Texas 77055.
Item 2. Identity and Background
This statement is being filed by Mario J. Gabelli
("Mario Gabelli"), Marc J. Gabelli ("Marc Gabelli") and various
entities which either one directly or indirectly controls or for
which either one acts as chief investment officer. These
entities, except for Lynch Corporation ("Lynch"), Spinnaker
Industries, Incorporated ("Spinnaker"), Western New Mexico
Telephone Company ("Western New Mexico"), Entoleter, Inc.
("Entoleter"), Lynch Telecommunications Corporation ("Lynch
Telecom"), Lynch Telephone Corporation ("Lynch Telephone") and
Inter-Community Telephone Company ("Inter-Community")
(collectively, "Lynch and its affiliates"), engage in various
aspects of the securities business, primarily as investment
adviser to various institutional and individual clients, includ-
ing registered investment companies and pension plans, as
broker/dealer and as general partner of various private invest-
ment partnerships. Certain of these entities may also make
investments for their own accounts.
The foregoing persons in the aggregate often own
beneficially more than 5% of a class of equity securities of a
particular issuer. Although several of the foregoing persons are
treated as institutional investors for purposes of reporting
their beneficial ownership on the short-form Schedule 13G, the
holdings of those who do not qualify as institutional investors
may exceed the 1% threshold presented for filing on Schedule 13G
or implementation of their investment philosophy may from time to
time require action which could be viewed as not completely
passive. In order to avoid any question as to whether their
beneficial ownership is being reported on the proper form and in
order to provide greater investment flexibility and administra-
tive uniformity, these persons have decided to file their benefi-
cial ownership reports on the more detailed Schedule 13D form
rather than on the short-form Schedule 13G and thereby to provide
more expansive disclosure than may be necessary.
(a), (b) and (c) - This statement is being filed by one
or more of the following persons: Gabelli Funds, Inc. ("GFI"),
Gabelli Asset Management Inc. ("GAMI") , Gabelli Funds, LLC
("Gabelli Funds"), GAMCO Investors, Inc. ("GAMCO"), Gabelli
Securities, Inc. ("GSI"), Gabelli & Company, Inc. ("Gabelli &
Company"), Gabelli Performance Partnership L.P. ("GPP"), GLI,
Inc. ("GLI"), Gabelli Associates Fund ("Gabelli Associates"),
Gabelli Associates Limited ("GAL"), Gabelli & Company, Inc.
Profit Sharing Plan (the "Plan"), Gabelli International Limited
("GIL"), Gabelli International II Limited ("GIL II"), Gabelli
International Gold Fund Limited ("GIGFL"), ALCE Partners, L.P.
("ALCE"), Gabelli Multimedia Partners, L.P. ("Multimedia
Partners"), MJG Associates, Inc. ("MJG Assocciates"), Gemini
Capital Management Ltd. ("Gemini"), Gabelli Fund, LDC ("LDC"),
Gabelli Foundation, Inc. ("Foundation"), Mario Gabelli, Marc
Gabelli, Lynch, Spinnaker, Western New Mexico, Entoleter, Lynch
Telecom, Lynch Telephone and Inter-Community. Those of the
foregoing persons signing this Schedule 13D are hereafter
referred to as the "Reporting Persons".
GFI makes investments for its own account and is the
parent company of GAMI. GAMI, a public company listed on the New
York Stock Exchange, is the parent company for a variety of
companies engaged in the Securities business, each of which is
named below.
GAMCO, a wholly-owned subsidiary of GAMI, is an
investment adviser registered under the Investment Advisers Act
of 1940, as amended ("Advisers Act"). GAMCO is an investment
manager providing discretionary managed account services for
employee benefit plans, private investors, endowments, founda-
tions and others.
GSI, a majority-owned subsidiary of GAMI, acts as a
general partner or investment manager to limited partnerships and
offshore investment companies and as a part of its business
regularly purchases and sells securities for its own account. It
is the immediate parent of Gabelli & Company.
Gabelli & Company, a wholly-owned subsidiary of GSI, is
a broker-dealer registered under the Securities Exchange Act of
1934, as amended ("l934 Act"), which as a part of its business
regularly purchases and sells securities for its own account.
GLI, wholly-owned subsidiary of GSI, is a corporation
which currently has no active operations.
Gabelli Associates is a New York limited partnership
whose primary business purpose is risk arbitrage investments.
GSI and Mario Gabelli are the general partners of Gabelli As-
sociates.
GAL is a corporation whose primary business purpose is
risk arbitrage investments. Shares of GAL's common stock are
offered to persons who are neither citizens nor residents of the
United States and may be offered to a limited number of U.S.
investors. GSI is the investment manager of GAL.
Gabelli Funds, a wholly-owned subsidiary of GAMI, is a
limited liability company. Gabelli Funds is an investment adviser
registered under the Advisers Act which presently provides
discretionary advisory services to The Gabelli Equity Trust Inc.,
The Gabelli Asset Fund, The Gabelli Growth Fund, The Gabelli
Convertible Securities Fund, Inc., The Gabelli Value Fund Inc.,
The Gabelli Small Cap Growth Fund, The Gabelli Equity Income
Fund, The Gabelli ABC Fund, The Gabelli Global Telecommunications
Fund, Gabelli Gold Fund, Inc., The Gabelli Global Multimedia
Trust Inc., The Gabelli Global Convertible Securities Fund,
Gabelli Capital Asset Fund, Gabelli International Growth Fund,
Inc., The Gabelli Global Interactive Couch Potato Fund and The
Gabelli Global Opportunity Fund (collectively, the "Funds"),
which are registered investment companies.
Gabelli Advisers, Inc. ("Gabelli Advisers"), a
subsidiary of GAMI, is an investment adviser which provides
discretionary advisory services to The Gabelli Westwood Mighty
Mitessm Fund.
The Plan, a qualified employee profit sharing plan,
covers substantially all employees of GAMI and its affiliates.
GPP is a limited partnership whose primary business
purpose is investing in securities. MJG Associates is the
general partner of GPP, and Mario Gabelli is a portfolio manager
for GPP.
GIL is a corporation whose primary business purpose is
investing in a portfolio of equity securities and securities
convertible into, or exchangeable for, equity securities in order
to achieve its investment objective of significant long-term
growth of capital. Shares of GIL's common stock are offered to
persons who are neither citizens nor residents of the United
States and may be offered to a limited number of U.S. investors.
MJG Associates is the Investment Manager of GIL. Mario Gabelli
is a portfolio manager for GIL and Chairman of the Board of
Directors of GIL.
GIL II is a corporation whose business purpose is
investing primarily in a portfolio of equity securities and
securities convertible into, or exchangeable for, equity securit-
ies in order to achieve its investment objective of significant
long-term growth of capital. Shares of GIL II's common stock are
offered to persons who are neither citizens nor residents of the
United States and may be offered to a limited number of U.S.
investors. MJG Associates is the Investment Manager of GIL II.
Mario Gabelli is a portfolio manager and Chairman of the Board of
Directors of GIL II.
ALCE is an investment limited partnership that seeks long-
term capital appreciation primarily through investments in public
and private equity securities. GSI is a general partner of ALCE.
Multimedia Partners is an investment limited partnership
whose objective is to provide long-term capital appreciation by
investing primarily in public and private multimedia communi-
cations companies. GSI is a general partner of Multimedia
Partners.
LDC is a corporation whose business purpose is investing
primarily in a portfolio of equity securities and securities
convertible into, or exchangeable for, equity securities in order
to achieve its investment objective of significant long-term
growth of capital. Interests are offered to insurance companies
which do not conduct any business in the United States and which
are licensed where they do business. MJG Associates is the
Investment Manager of LDC. Mario Gabelli is a portfolio manager
for LDC.
MJG Associates provides advisory services to private
investment partnerships and offshore funds. Mario Gabelli is
the sole shareholder, director and employee of MJG Associates.
Gemini is a corporation whose primary business purpose is
to provide advisory services to offshore funds. Marc Gabelli is
the President and Chief Investment Officer of Gemini.
The Foundation is a private foundation. Mario Gabelli is
the President, a Trustee and the Investment Manager of the
Foundation.
Lynch is a diversified public company traded on the
American Stock Exchange. Its subsidiaries are engaged in
communications, services, and manufactured products. Spinnaker,
a subsidiary of Lynch, is also a public company and its stock is
traded on the NASDAQ National Market. Spinnaker is a diversified
manufacturing firm with major subsidiaries in specialty adhesive-
backed materials business. Another of Lynch's subsidiaries,
Western New Mexico, provides telephone services in a service area
in Southwestern New Mexico. Inter-Community, which is also a
subsidiary of Lynch, provides local telephone services in an area
40 miles west of Fargo, North Dakota. Lynch and Spinnaker
actively pursue new business ventures and acquisitions. Lynch
and its affiliates make investments in marketable securities to
preserve capital and maintain liquidity for financing their
business activities and acquisitions (not in the case of Western
New Mexico) and are not engaged in the business of investing,
reinvesting, or trading in securities. Mario Gabelli is Chairman
of Lynch and beneficially owns approximately 23% of the shares of
common stock of Lynch.
Mario Gabelli is the majority stockholder and Chairman
of the Board of Directors and Chief Executive Officer of GFI and
GAMI, and the Chief Investment Officer for each of the Reporting
Persons which are entities other than Gemini. GFI is the
majority shareholder of GAMI. GAMI, in turn, is the sole
stockholder of GAMCO. GAMI is also the majority stockholder of
GSI and the largest shareholder of Gabelli Advisers. Gabelli &
Company is a wholly-owned subsidiary of GSI. GLI is a
wholly-owned subsidiary of GSI. Marc Gabelli is the majority
stockholder of Gemini.
The Reporting Persons do not admit that they constitute
a group.
GFI, GAMI, GAMCO, Gabelli & Company and GLI are New
York corporations and GSI and Gabelli Advisers are Delaware
corporations, each having its principal business office at One
Corporate Center, Rye, New York 10580. Gabelli Funds is a New
York limited liability company having its principal business
office at One Corporate Center, Rye, New York 10580. GPP is a New
York limited partnership having its principal business office at
401 Theodore Fremd Ave., Rye, New York 10580. MJG Associates is
a Connecticut corporation having its principal business office at
401 Theodore Fremd Ave., Rye, New York 10580. Gabelli Associates
is a New York limited partnership having its principal business
office at One Corporate Center, Rye, New York 10580. Alce and
Multimedia Partners are Delaware limited partnerships each having
its principal business office at One Corporate Center, Rye, New
York 10580. GAL and GIL are corporations organized under the laws
of the British Virgin Islands, each having its principal business
office at c/o MeesPierson (Cayman) Limited, British American
Centre, Dr. Roy's Drive-Phase 3, George Town, Grand Cayman,
British West Indies. GIL II is a corporation organized under the
laws of the British Virgin Islands having its principal business
office at c/o Coutts & Company (Cayman) Limited, West Bay Road,
Grand Cayman, British West Indies. Gemini is a Bermuda
corporation having its principal business office at c/o Appleby,
Spurling & Kempe, Cedar House, 41 Cedar Avenue, Hamilton HM12,
Bermuda. LDC is a corporation organized under the laws of the
British Virgin Islands having its pricipal business office at c/o
Tremont (Bermuda) Limited, Tremont House, 4 Park Road, Hamilton
HM II, Bermuda. The Foundation is a private foundation having its
principal offices at 165 West Liberty Street, Reno, Nevada 89501.
Lynch is an Indiana corporation having its principal business
office at 401 Theodore Fremd Avenue, Rye, NY 10580. Spinnaker is
a Delaware corporation having its principal business office at
251 Welton Street, Hamden, CT 06511.
For information required by instruction C to Schedule
13D with respect to the executive officers and directors of the
foregoing entities and other related persons (collectively,
"Covered Persons"), reference is made to Schedule I annexed
hereto and incorporated herein by reference.
(d) and (e) - On December 8, 1994, the SEC instituted
and simultaneously accepted offers for the settlement of an
administrative proceeding against Gabelli & Company and GAMCO.
The order instituting the proceeding included a finding, which
Gabelli & Company and GAMCO neither admitted nor denied, that
they failed to implement and maintain policies and procedures
reasonably designed to prevent the misuse of material, nonpublic
information by not specifically addressing the special
circumstances that arose from their affiliation with Lynch
Corporation, a public company. To resolve this matter, Gabelli &
Company and GAMCO agreed to cease and desist from violating
Section 15(f) of the 1934 Act and Section 204A of the Advisers
Act, respectively. They further agreed to each pay a civil
penalty in the amount of $50,000, and to retain, and adopt the
recommendations of, an independant consultant regarding their
Section 15(f) and Section 204A policies and procedures.
(f) - Reference is made to Schedule I hereto.
Item 3. Source and Amount of Funds or Other Consideration
The Reporting Persons used an aggregate of approximate-
ly $21,939,819 to purchase the Securities reported as
beneficially owned in Item 5 below. GAMCO and Gabelli Funds
used approximately $12,056,688 and $4,924,011, respectively, of
funds that were provided through the accounts of certain of their
investment advisory clients (and, in the case of some of such
accounts at GAMCO, may be through borrowings from client margin
accounts) in order to purchase the Securities for such clients.
Gabelli Associates used approximately $3,136,500 of the investing
funds of the partnership to purchase the Securities reported by
it. GAL and LDC used approximately $1,791,225 and $31,395,
respectively, of working capital to purchase the Securities
reported by it.
Item 4. Purpose of Transaction
Each of the Reporting Persons, with the exceptions of
Lynch and its affiliates, has purchased and holds the Securities
reported by it for investment for one or more accounts over which
it has shared, sole, or both investment and/or voting power, for
its own account, or both.
The Reporting Persons, with the exceptions of Lynch and
its affiliates, are engaged in the business of securities
analysis and investment and pursue an investment philosophy of
identifying undervalued situations. In pursuing this investment
philosophy, the Reporting Persons analyze the operations, capital
structure and markets of companies in which they invest,
including the Issuer, on a continuous basis through analysis of
documentation and discussions with knowledgeable industry and
market observers and with representatives of such companies
(often at the invitation of management). The Reporting Persons do
not believe they possess material inside information concerning
the Issuer. As a result of these analytical activities one or
more of the Reporting Persons may issue analysts reports,
participate in interviews or hold discussions with third parties
or with management in which the Reporting Person may suggest or
take a position with respect to potential changes in the opera-
tions, management or capital structure of such companies as a
means of enhancing shareholder values. Such suggestions or
positions may relate to one or more of the transactions specified
in clauses (a) through (j) of Item 4 of the Schedule 13D form,
including, without limitation, such matters as disposing of one
or more businesses, selling the company or acquiring another
company or business, changing operating or marketing strategies,
adopting or not adopting, certain types of anti-takeover measures
and restructuring the company's capitalization or dividend poli-
cy.
Each of the Reporting Persons intends to adhere to the
foregoing investment philosophy with respect to the Issuer. How-
ever, none of the Reporting Persons intends to seek control of
the Issuer or participate in the management of the Issuer, and
any Reporting Person that is registered as an investment company
under the l940 Act will participate in such a transaction only
following receipt of an exemption from the SEC under Rule l7D-l
under the l940 Act, if required, and in accordance with other
applicable law. In pursuing this investment philosophy, each
Reporting Person will continuously assess the Issuer's business,
financial condition, results of operations and prospects, general
economic conditions, the securities markets in general and those
for the Issuer's securities in particular, other developments and
other investment opportunities, as well as the investment
objectives and diversification requirements of its shareholders
or clients and its fiduciary duties to such shareholders or
clients. Depending on such assessments, one or more of the
Reporting Persons may acquire additional Securities or may
determine to sell or otherwise dispose of all or some of its
holdings of Securities. Although the Reporting Persons share the
same basic investment philosophy and although portfolio decisions
are made by or under the supervision of Mario Gabelli, the
investment objectives and diversification requirements of various
clients differ from those of other clients so that one or more
Reporting Persons may be acquiring Securities while others are
disposing of Securities.
With respect to voting of the Securities, the Reporting
Persons have adopted general voting policies relating to voting
on specified issues affecting corporate governance and sharehold-
er values. Under these policies, the Reporting Persons generally
vote all securities over which they have voting power in favor of
cumulative voting, financially reasonable golden parachutes, one
share one vote, management cash incentives and pre-emptive rights
and against greenmail, poison pills, supermajority voting, blank
check preferred stock and super-dilutive stock options.
Exceptions may be made when management otherwise demonstrates
superior sensitivity to the needs of shareholders. In the event
that the aggregate voting position of all joint filers shall
exceed 25% of the total voting position of the issuer then the
proxy voting committees of each of the Funds shall vote their
Fund's shares independently.
Each of the Covered Persons who is not a Reporting
Person has purchased the Securities reported herein as benefi-
cially owned by him for investment for his own account or that of
one or more members of his immediate family. Each such person may
acquire additional Securities or dispose of some or all of the
Securities reported herein with respect to him.
Other than as described above or in Item 4(c) below,
none of the Reporting Persons and none of the Covered Persons who
is not a Reporting Person has any present plans or proposals
which relate to or would result in any transaction, change or
event specified in clauses (a) through (j) of Item 4 of the
Schedule 13D.
Item 5. Interest In Securities Of The Issuer
(a) The aggregate number and percentage of Securities
to which this Schedule 13D relates is 1,168,500 shares, repre-
senting 6.00% of the 19,482,588 shares outstanding as reported in
the Issuer's most recently filed Form 10-Q for the quarter ended
March 31, 1999. The Reporting Persons beneficially own those
Securities as follows:
Shares of % of
Common Class of
Name Stock Common
Gabelli Funds:
As Principal 0 0.00%
As Agent 251,100 1.29%
GAMCO:
As Principal 0 0.00%
As Agent 680,400 3.50%
LDC 1,500 0.01%
Gabelli Associates 150,000 0.77%
GAL 85,500 0.44%
Marc Gabelli 0 0.00%
Mario Gabelli 0 0.00%
Mario Gabelli is deemed to have beneficial ownership of
the Securities owned beneficially by each of the foregoing
persons other than Marc Gabelli. GAMI and GFI are deemed to have
beneficial ownership of the Securities owned beneficially by each
the foregoing persons other than Mario Gabelli and Marc Gabelli.
(b) Each of the Reporting Persons and Covered Persons has
the sole power to vote or direct the vote and sole power to
dispose or to direct the disposition of the Securities reported
for it, either for its own benefit or for the benefit of its
investment clients or its partners, as the case may be, except
that (i) Gabelli Funds has sole dispositive power
andvoting power with respect to the shares of the Issuer held by
the Funds so long as the aggregate voting interest of all joint
filers does not exceed 25% of their total voting interest in the
Issuer and, in that event, the Proxy Voting Committee of each
Fund shall respectively vote that Fund's shares, (ii) at any
time, the Proxy Voting Committee of each such Fund may take and
exercise in its sole discretion the entire voting power with
respect to the shares held by such fund under special circum-
stances such as regulatory considerations, and (iii) the power of
Mario Gabelli, Marc Gabelli, GAMI and GFI is indirect with
respect to Securities beneficially owned directly by other
Reporting Persons.
(c) Information with respect to all transactions in the
Securities which were effected during the past sixty days or
since the most recent filing on Schedule 13D, whichever is less,
by each of the Reporting Persons and Covered Persons is set forth
on Schedule II annexed hereto and incorporated herein by refer-
ence.
(d) The investment advisory clients of Gabelli Funds,
Gabelli Advisers, GAMCO, MJG Associates and Gemini, the partners
of the various partnerships managed by Mario Gabelli and GSI
(including GPP, Gabelli Associates, ALCE, and Multimedia Partners
to the extent of their economic interest there-in) and the
shareholders of GIL, GIL II and LDC which Mario Gabelli manages
and GAL which is managed by GSI have the sole right to receive
and, subject to the notice, withdrawal and/or termination provi-
sions of such advisory contracts and partnership arrangements,
the sole power to direct the receipt of dividends from, and the
proceeds of sale of, any of the Securities beneficially owned by
such Reporting Persons. Except as noted, no such client or
partner has an interest by virtue of such relationship that
relates to more than 5% of the Securities.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer
The powers of disposition and voting of Gabelli Funds,
Gabelli Advisers, GAMCO, MJG Associates and Gemini with respect to
Securities owned beneficially by them on behalf of their investment
advisory clients, of Mario Gabelli and GSI with respect to
Securities owned beneficially by them on behalf of the partnerships
which they directly or indirectly manage, and of GIL, GIL II, GAL,
LDC and GIGFL with respect to Securities owned beneficially by them
on behalf of their shareholders, are held pursuant to written
agreements with such clients and partnerships.
Item 7. Material to be Filed as an Exhibit
The following Exhibit A is attached hereto. The following
Exhibit B is incorporated herein by reference to Exhibit LL in the
initial Schedule 13D of vaious Gabelli entities dated June 27, 1995
relating to the Common Stock of Pulitzer Publishing and Exhibit RR
in Amendment No. 16 to Schedule 13D of various Gabelli entities
dated April 23, 1996 relating to the Common Stock of Aaron Rents,
Inc.
Exhibit A: Joint Filing Agreement
Exhibit B: Powers of Attorney to Stephen G. Bondi,
Steven M. Joenk, and James E. McKee from
Joseph H. Epel.
Powers of Attorney to Stephen G. Bondi,
Steven M. Joenk, and James E. McKee from
Robert E. Dolan.
Powers of Attorney to Stephen G. Bondi,
Steven M. Joenk, and James E. McKee from
Mario J. Gabelli.
Powers of Attorney to Stephen G. Bondi,
Steven M. Joenk, and James E. McKee from
Marc J. Gabelli.
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.
Dated: June 14, 1999
GABELLI FUNDS, INC.
By:_________________________
James E. McKee
General Counsel
GABELLI FUNDS, LLC
By:_________________________
James E. McKee
Secretary
GABELLI ASSET MANAGEMENT INC.
By:________________________
James E. McKee
General Counsel
GAMCO INVESTORS, INC.
By:___________________________
Douglas R. Jamieson
Executive Vice President
GABELLI ASSOCIATES FUND
By:___________________________
Gabelli Securities, Inc.
General Partner
by: James E. McKee
Attorney-in-Fact
GABELLI FUND, LDC
By:__________________________
MJG Associates, Inc.
Investment Manager
by: Mario J. Gabelli
President
by: James E. McKee
Attorney-in-Fact
GABELLI ASSOCIATES LIMITED
By:____________________________
Gabelli Securities, Inc.
Investment Manager
by: James E. McKee
Secretary
MARIO J. GABELLI
By:_____________________________
James E. McKee
Attorney-in-Fact
MARC J. GABELLI
By:_____________________________
James E. McKee
Attorney-in-Fact
<PAGE>
Schedule I
Information with Respect to Executive
Officers and Directors of the Undersigned
Schedule I to Schedule 13D is amended, in pertinent part, as
follows:
The following sets forth as to each of the executive officers
and directors of the undersigned: his name; his business address; and
his present principal occupation or employment and the name, principal
business and address of any corporation or other organization in which
such employment is conducted. Unless otherwise specified, the principal
employer of each such individual is Gabelli Funds, Inc., Gabelli Asset
Management Inc., Gabelli Funds, LLC, Gabelli & Company, Inc., or GAMCO
Investors, Inc., the business address of each of which is One Corporate
Center, Rye, New York 10580, and each such individual identified below
is a citizen of the United States. To the knowledge of the undersigned,
during the last five years, no such person has been convicted in a
criminal proceeding (excluding traffic violations or similar
misdemeanors), and no such person was a party to a civil proceeding of
a judicial or administrative body of competent jurisdiction as a result
of which he was or is subject to a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities law or finding any violation
with respect to such laws except as reported in Item 2(d) of this
Schedule 13D.
<PAGE>
Gabelli Funds, Inc.
Directors:
Mario J. Gabelli*
Richard B. Black President and Director of
Oak Technology, Inc.;
Chairman ECRM; Director
of The Morgan Group, Inc.;
General Partner of KBA Part-
ners, Parker Plaza
400 Kelby Street,
Fort Lee, NJ 07029
Charles C. Baum Chairman, Director and Chief
Executive Officer of The Morgan
Group, Inc.; Secretary & Treasurer
United Holdings
2545 Wilkens Avenue
Baltimore, MD 21223
John C. Ferrara Business Consultant; Director of
Lynch Corporation
c/o Gabelli Funds, Inc.
One Corporate Center
Rye, NY 10580
Dr. Eamon M. Kelly Professor
Payson Center for International
Development Technology Transfer
Tulane University
300 Hebert Hall
6823 St. Charles Avenue
New Orleans, LA 70118
Marc J. Gabelli Managing Director
Matthew R. Gabelli Vice President-Trading
Gabelli & Company
One Corporate Center
Rye, New York 10580
Officers:
Mario J. Gabelli Chairman, Chief Executive
Officer and Chief Investment
Officer
Stephen G. Bondi Executive Vice President-Finance
and Adminstration
_____________________
* Mr. Gabelli is the Chief Executive Officer and Chief
Investment Officer of Gabelli Funds, Inc., Gabelli Asset Management Inc.
and GAMCO Investors, Inc.; Director/Trustee of all registered investment
companies advised by Gabelli Funds, Inc.; Chairman and Chief Executive
Officer of Lynch Corporation; Director of East/West Communications, Inc.
Robert S. Zuccaro Vice President and Chief Financial
Officer
James E. McKee Vice President, General
Counsel and Secretary
Gabelli Asset Management Inc.
Directors:
Mario J. Gabelli See above
Richard B. Black See above
Charles C. Baum See above
Dr. Eamon M. Kelly See above
Karl Otto Pohl (1) Sal Oppenheim Jr. & Cie
Bockenheimer Landstrasse 20
D-6000 FRANKFURT AM MAIN
Germany
Officers:
Mario J. Gabelli Chairman, Chief Executive
Officer and Chief Investment
Officer
Stephen G. Bondi Executive Vice President-Finance
and Adminstration
Robert S. Zuccaro Vice President and Chief Financial
Officer
James E. McKee Vice President, General
Counsel and Secretary
GAMCO Investors, Inc.
Directors:
Mario J. Gabelli
Douglas R. Jamieson
Joseph R. Rindler, Jr.
Regina M. Pitaro
F. William Scholz, II
Officers:
Mario J. Gabelli Chief Executive Officer
and Chief Investment Officer
Joseph R. Rindler, Jr. Chairman
Douglas R. Jamieson Executive Vice President and
Chief Operating Officer
Robert S. Zuccaro Vice President and Chief
Financial Officer
Stephen G. Bondi Vice President
James E. McKee Vice President, General Counsel
and Secretary
Peter D. Goldstein Deputy General Counsel and
Assistant Secretary
Gabelli Funds, LLC
Officers:
Mario J. Gabelli Chief Investment Officer
Bruce N. Alpert Executive Vice President and
Chief Operating Officer
Gus Coutsouros Vice President and Chief Financial
Officer
Stephen G. Bondi Vice President
James E. McKee Secretary
Gabelli Advisers, Inc.
Directors:
Bruce N. Alpert
John D. Gabelli
Joseph R. Rindler, Jr.
Officers:
Bruce N. Alpert Chief Operating Officer
Stephen G. Bondi Vice President
James E. McKee Secretary
Gabelli Securities, Inc.
Directors:
Robert W. Blake President of W.R. Blake
& Sons, Inc.
196-20 Northern Boulevard
Flushing, NY 11358
Douglas G. DeVivo General Partner of ALCE
Partners, L.P.
One First Street, Suite 16
Los Altos, CA 94022
Joseph R. Rindler, Jr. See above
Officers:
Stephen G. Bondi Vice President
Robert S. Zuccaro Vice President-Finance
James E. McKee Secretary
Gabelli & Company, Inc.
Directors:
James G. Webster, III Chairman
Stephen G. Bondi See above
Donald C. Jenkins Director of Research
Officers:
James G. Webster, III Chairman
Stephen G. Bondi Vice President
Bruce N. Alpert Vice President-Mutual Funds
Walter K. Walsh Compliance Officer
James E. McKee Secretary
GLI, Inc.
Directors:
Mario J. Gabelli See above-Gabelli Funds, Inc.
Officers:
Mario J. Gabelli Chairman and Chief Investment
Officer
Stephen G. Bondi Vice President
Gabelli Associates Limited
Directors:
Mario J. Gabelli See above-Gabelli Funds, Inc.
Roger Hanson (2) MeesPierson (Cayman)
Limited
British American Centre
Dr. Roy's Drive- Phase 3
Georgetown, Grand Cayman
Cayman Islands, British
WestIndies
Officers:
Mario J. Gabelli Chief Investment Officer
Kevin Bromley (2) Vice President, Treasurer and
Assistant Secretary
Sandra Wright (2) Secretary and Assistant Treasurer
Gabelli International Limited
Directors:
Mario J. Gabelli See above-Gabelli Funds, Inc.
Roger Hanson (2) MeesPierson (Cayman)
Limited
British American Centre
Dr. Roy's Drive- Phase 3
Georgetown, Grand Cayman
Cayman Islands, British West Indies
Officers:
Kevin Bromley (2) Vice President, Treasurer, and
Assistant Secretary
MeesPierson (Cayman) Limited
British American Centre
Dr. Roy's Drive- Phase 3
Georgetown, Grand Cayman
Cayman Islands, British West Indies
Sandra Wright (2) Secretary and Assistant Treasurer
Assistant Secretary
MeesPierson (Cayman) Limited
British American Centre
Dr. Roy's Drive- Phase 3
Georgetown, Grand Cayman
Cayman Islands, British West Indies
Gemini Capitial Management Ltd.
Directors:
Marc J. Gabelli See above-Gabelli Funds, Inc.
Stephen G. Bondi See Above-Gabelli Funds, Inc.
Michael A. Salatto Controller, Gabelli Securities,
Inc.
Michael J. Burns (3) Appleby, Spurling & Kempe
Cedar House
41 Cedar Avenue
Hamilton, HM12
Bermuda
Douglas Molyneux (3) Appleby, Spurling & Kempe
Cedar House
41 Cedar Avenue
Hamilton, HM12
Bermuda
Gabelli Fund, LDC
Directors:
Johann S. Wong (4) c/o Tremont (Bermuda)
Limited
Tremont House
4 Park Road
Hamilton HM 11, Bermuda
Peter D. Anderson (5) Givens Hall Bank & Trust
Genesis Building
P.O. Box 2097
Grand Cayman, Cayman Islands
BWI3459498141
Karl Otto Pohl See above
Anthonie C. van Ekris See below
Lynch Corporation
401 Theodore Fremd Avenue
Rye, NY 10580
Directors:
Paul J. Evanson President
Florida Light & Power Co.
P.O Box 14000
700 Universe Blvd.
Juno Beach, Fl 33408
Mario J. Gabelli See above-Gabelli Funds, Inc.
E. Val Cerutti Business Consultant
Cerutti Consultants
227 McLain Street
Mount Kisco, NY 10540
Ralph R. Papitto Chairman of the Board
AFC Cable Systems, Inc.
50 Kennedy Plaza
Suite 1250
Providence, RI 02903
Salvatore Muoio Principal
S. Muoio & Co., LLC
Suite 1425
655 Third Avenue
New York, NY 10017
John C. Ferrara Business Consultant
c/o Lynch Corporation
401 Theodore Fremd Ave
Rye, NY 10580
David C. Mitchell Business Consultant
c/o Lynch Corporation
401 Theodore Fremd Ave
Rye, NY 10580
Officers:
Mario J. Gabelli Chairman and Chief Executive
Officer
Robert E. Dolan Chief Financial Officer
Carmine Ceraolo Assistant Controller
Robert A. Hurwich Vice President-Administration,
Secretary and General Counsel
Spinnaker Industries, Inc.
600 N. Pearl Street
Suite 2160
Dallas, TX 75201
Directors:
Joseph P. Rhein 5003 Central Avenue
Ocean City, NJ 08226
Richard J. Boyle The Boyle Group, Inc.
6110 Blue Circle Drive
Suite 250
Minnetonka, MN 55343
Ned N. Fleming, III Boyle, Fleming,
& Co., Inc.
600 N. Pearl Street
Suite 2160
Dallas, TX 75201
Robert E. Dolan See above Lynch Corporation
Anthonie C. van Ekris Chairman and Chief
Executive Officer
Balmac International, Inc.
61 Broadway
Suite 1900
New York, NY 10006
Frank E. Grzelecki President
Saugatuck
1 Canterbury Green
Stamford, CT 06901
Officers:
Ned N. Fleming, III President and Chief Operating
Officer
Richard J. Boyle Chairman and Chief Executive
Officer
Robert A. Hurwich Secretary
Mark A. Matteson Vice President, Corporate
Development
Craig Jennings Vice President, Finance and
Treasurer
Entoleter, Inc.
251 Welton Street
Hamden, CT 06517
Directors:
Ned N. Fleming, III See above-Spinnaker
Mark A. Matteson See above-Spinnaker
Robert P. Wentzel See above Entoleter
James Fleming 230 Saugatuck Avenue, Unit 8
Westport, CT 06880
Officers:
Robert P. Wentzel President
Mark R. Matteson Vice President
Charles DeMarino Controller & Secretary
Western New Mexico Telephone Company
314 Yankee Street
Silver City, NM 88062
Directors:
Jack W. Keen Chairman and President
Dr. Brian E. Gordon Vice President
Mary Beth Baxter Secretary & Treasurer
John Clay Keen Route 6
Box 270
Greenville, TX 75401
Robert E. Dolan See above-Lynch Corporation
Robert A. Hurwich See above-Lynch Corporation
Carmine Ceraolo See above-Lynch Corporation
Mary J. Carroll See above-Lynch Corporation
Eugene P. Connell See above-Lynch Corporation
Michael F. Mangan See below-Lynch Telecommunications
Corporation
Officers:
Jack W. Keen Chairman and President
Dr. Brian E. Gordon Vice President
Charles M. Baxter Sr. Vice President-Operations
Mary Beth Baxter Secretary & Treasurer
Robert A. Hurwich Assistant Treasurer
Inter-Community Telephone Company
P.O. Box A
Nome, ND 58062
Directors:
Mary J. Carroll See above-Lynch Corporation
Robert E. Dolan See above-Lynch Corporation
Robert A. Hurwich See above-Lynch Corporation
Eugene P. Connell See above-Lynch Corporation
Harry B. Snyder P.O. Box 131
Buffalo, ND 58011
Robert Snyder 200 Broadway South
Buffalo, ND 58011
Keith S. Andersen See above-Inter-Community Telephone
Company
Robert Reff See above-Inter-Community Telephone
Company
Michael F. Mangan See below-Lynch Telecommunications
Corporation
Jack Bently 1210 E. Washington Ave
Gilbert, AZ 85234
Officers:
Robert Snyder President
Keith S. Andersen Secretary
Harry B. Snyder Treasurer
Robert A. Hurwich Assistant Secretary
Lynch Telecommunications Corporation
401 Theodore Fremd Avenue
Rye, NY 10580
Directors:
Richard A. Kiesling 2801 International Lane
Suite 207
Madison, WI 53740
Robert E. Dolan See above-Lynch Corporation
Jack W. Keen See above-Lynch Corporation
Robert A. Snyder See above-Inter-Community
Telephone Company
Michael F. Mangan See above-Lynch Corporation
Officers:
Robert A. Hurwich Secretary
Michael F. Mangan Treasurer and
Assistant Secretary
Robert E. Dolan President, Controller, Assistant
Treasurer, and Assistant Secretary
Lynch Telephone Corporation
401 Theodore Fremd Avenue
Rye, NY 10580
Directors:
Robert E. Dolan Controller
Jack W. Keen President
Robert A. Hurwich See above-Lynch Corporation
Michael F. Mangan See above-Lynch Telecommunications
Corporation
Officers:
Jack W. Keen President
Robert A. Hurwich Secretary
Mary Beth Baxter Treasurer and
Assistant Secretary
Robert E. Dolan Vice President and Controller
(1) Citizen of Germany
(2) Citizen of the Cayman Islands
(3) Citizen of Bermuda
(4) Citizen of Bermuda and Canada
(5) Citizen of the UK
SCHEDULE II
INFORMATION WITH RESPECT TO
TRANSACTIONS EFFECTED DURING THE PAST SIXTY DAYS OR
SINCE THE MOST RECENT FILING ON SCHEDULE 13D (1)
SHARES PURCHASED AVERAGE
DATE SOLD(-) PRICE(2)
COMMON STOCK-DANIEL INDUSTRIES
GABELLI FUNDS, LLC
THE GABELLI SMALL CAP GROWTH FUND
5/12/99 5,000- 18.8869
5/11/99 10,000- 18.1463
4/26/99 2,000- 16.1787
4/22/99 3,000- 15.9703
4/09/99 2,000- 14.3245
THE GABELLI CAPITAL ASSET FUND
5/13/99 30,000 20.9875
4/27/99 2,000- 16.6213
THE GABELLI ABC FUND
6/04/99 50,000 21.1750
6/03/99 21,100 21.0500
5/21/99 100,000 20.9250
GAMCO INVESTORS, INC.
6/07/99 100,000 21.1250
6/04/99 15,000 21.0625
6/03/99 18,500 20.9882
6/02/99 40,500 20.9375
5/28/99 25,000 20.9375
5/27/99 10,000 20.8750
5/24/99 20,000 20.8750
5/21/99 20,000 20.8750
5/21/99 15,000 20.8750
5/20/99 400- *DO
5/20/99 20,000 20.8750
5/18/99 20,000 20.8750
5/13/99 3,500 20.9375
5/13/99 40,000 20.9375
5/12/99 2,000- 18.6875
5/12/99 32,900- 19.1293
5/12/99 1,000- 18.7500
5/12/99 1,000- 18.6250
5/12/99 1,500- 18.8125
5/12/99 5,000- 19.1293
5/11/99 3,225- 18.5101
5/11/99 1,000- 18.5625
5/11/99 27,300- 18.2330
5/10/99 2,000- 17.8750
5/10/99 24,400- 17.7567
5/07/99 9,000- 17.7188
SCHEDULE II
INFORMATION WITH RESPECT TO
TRANSACTIONS EFFECTED DURING THE PAST SIXTY DAYS OR
SINCE THE MOST RECENT FILING ON SCHEDULE 13D (1)
SHARES PURCHASED AVERAGE
DATE SOLD(-) PRICE(2)
COMMON STOCK-DANIEL INDUSTRIES
GAMCO INVESTORS, INC.
5/07/99 1,000- 17.7188
5/06/99 18,500- 17.7400
5/05/99 1,500- 18.0000
5/04/99 1,000- 17.0625
5/03/99 1,000- 16.4940
4/28/99 1,500- 16.6250
4/27/99 2,000- 16.4531
4/27/99 1,500- 16.9375
4/26/99 2,000- 16.1875
4/22/99 3,000- 16.0000
4/16/99 1,000- 16.1875
4/06/99 3,000- 15.0000
4/05/99 2,000 15.1875
GABELLI ASSOCIATES LTD
6/10/99 500 21.1250
6/09/99 5,100 21.1250
6/04/99 10,000 21.0625
6/03/99 9,900 20.9375
6/02/99 20,000 20.9063
5/18/99 20,000 20.8750
5/13/99 20,000 20.8646
GABELLI ASSOCIATES FUND
6/04/99 20,000 21.0625
5/13/99 130,000 20.8646
GABELLI ADVISERS
5/06/99 5,000- 17.8807
4/26/99 1,000- 16.1787
4/16/99 1,000- 16.2620
(1) UNLESS OTHERWISE INDICATED, ALL TRANSACTIONS WERE EFFECTED
ON THE NYSE.
(2) PRICE EXCLUDES COMMISSION.
(*) RESULTS IN CHANGE OF DISPOSITIVE POWER AND BENEFICIAL OWNERSHIP.
Exhibit A
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(f) under the Securities
Exchange Act of 1934, as amended, the undersigned hereby agree to
the joint filing with all other Reporting Entities (as such term is
defined in the Schedule 13D referred to below) on behalf of each of
them of a statement on Schedule 13D (including amendments there-
to) with respect to the Common Stock, par value $1.25 per share, of
Daniel Industries, Inc. and that this Agreement be included as an
Exhibit to such joint filing. This Agreement may be executed in
any number of counterparts all of which taken together shall
constitute one and the same instrument.
IN WITNESS WHEREOF, the undersigned hereby execute this
Agreement this 5th day of June, 1999.
MARIO J. GABELLI
By:____________________________
James E. McKee
Attorney-in-Fact
GABELLI FUNDS, INC.
By:_________________________
James E. McKee
General Counsel
GAMCO INVESTORS, INC.
By:_________________________
Douglas R. Jamieson
Executive Vice President
GABELLI SECURITIES, INC.
By:_________________________
James E. McKee
Secretary
GABELLI & COMPANY, INC.
By:_________________________
James E. McKee
Secretary
GABELLI PERFORMANCE
PARTNERSHIP, L. P.
By:_________________________
MJG Associates, Inc.,
General Partner
by: Mario J. Gabelli, President
by: James E. McKee
Attorney-in-Fact
GLI, INC.
By:_________________________
Mario J. Gabelli
Chairman
by: James E. McKee
Attorney-in-Fact
GABELLI ASSOCIATES FUND
By:_________________________
Gabelli Securities, Inc.,
General Partner
by: James E. McKee
Secretary
GABELLI ASSOCIATES LIMITED
By:_________________________
Gabelli Securities,Inc.,
Investment Manager
by: James E. McKee
Secretary
GABELLI & COMPANY, INC.
PROFIT SHARING PLAN
By:_________________________
Douglas R. Jamieson
Trustee
GABELLI INTERNATIONAL LIMITED
By:_________________________
Mario J. Gabelli, Chairman
by: James E. McKee
Attorney-in-Fact
GABELLI INTERNATIONAL II LIMITED
By:_________________________
Mario J. Gabelli, Chairman
by: James E. McKee
Attorney-in-Fact
LYNCH CORPORATION
By:________________________
Joseph H. Epel, Treasurer
by: James E. McKee
Attorney-in-Fact
SPINNAKER INDUSTRIES, INC.
By:_________________________
Joseph H. Epel, Treasurer
by: James E. McKee
Attorney-in-Fact
WESTERN NEW MEXICO
By:____________________________
Joseph H. Epel, Treasurer
by: James E. McKee
Attorney-in-Fact
ALCE PARTNERS, L.P.
By:__________________________
Gabelli Securities, Inc.
General Partner
by: James E. McKee
Secretary
GABELLI MULTIMEDIA PARTNERS, L.P.
By:__________________________
Gabelli Securities, Inc.
General Partner
by: James E. McKee
Secretary
INTER-COMMUNITY TELEPHONE COMPANY
By:___________________________
Joseph H. Epel, Treasurer
by: James E. McKee
Attorney-in-Fact
GEMINI CAPITAL MANAGEMENT LIMITED
By:___________________________
Marc J. Gabelli
President
by: James E. McKee
Attorney-in-Fact
GABELLI FOUNDATION, INC.
By:__________________________
Mario J. Gabelli, President
by: James E. McKee
Attorney-in-Fact
MARC J. GABELLI
By:_____________________________
James E. McKee
Attorney-in-Fact
GABELLI FUNDS, LLC
By:___________________________
James E. McKee
Secretary
GABELLI ASSET MANAGEMENT INC.
By:____________________________
James E. McKee
General Counsel
