<PAGE>
================================================================================
SEC 1746 POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION
(2-98) CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM
DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.
================================================================================
-------------------------
OMB APPROVAL
UNITED STATES -------------------------
SECURITIES AND EXCHANGE COMMISSION OMB Number: 3235-0145
WASHINGTON, D.C. 20549 -------------------------
Expires: October 31, 2002
-------------------------
Estimated average burden
hours per response...14.9
-------------------------
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
SAVOIR TECHNOLOGY GROUP, INC.
--------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, par value $0.01 per share
--------------------------------------------------------------------------------
(Title of Class of Securities)
80533W1071
--------------------------------------------------------------------------------
(CUSIP Number)
Patrick J. Hess
University Capital Strategies Group, LLC
408 St. Peter Street, Suite 444
St. Paul, Minnesota 55102
--------------------------------------------------------------------------------
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
May 23, 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 that is the subject of this Schedule 13D, and is filing this
schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box. [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Section 240.13d-7 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>
CUSIP No. 80533W1071
<TABLE>
<S> <C>
-------------------------------------------------------------------------------------------------------------------------------
1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only).
University Capital Strategies Group, LLC, # 41-1873859
-------------------------------------------------------------------------------------------------------------------------------
2. Check the Appropriate Box if a Member of a Group
Not Applicable (a) / /
(b) / /
-------------------------------------------------------------------------------------------------------------------------------
3. SEC Use Only
-------------------------------------------------------------------------------------------------------------------------------
4. Source of Funds OO
-------------------------------------------------------------------------------------------------------------------------------
5. Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e) / /
-------------------------------------------------------------------------------------------------------------------------------
6. Citizenship or Place of Organization Minnesota
-------------------------------------------------------------------------------------------------------------------------------
Number of
Shares 7. Sole Voting Power
Beneficially ----------------------------------------------------------------------------------------------------------
Owned by 8. Shared Voting Power 995,100 (see Item 5)
Each ----------------------------------------------------------------------------------------------------------
Reporting 9. Sole Dispositive Power
Person ----------------------------------------------------------------------------------------------------------
With 10. Shared Dispositive Power 995,100 (see Item 5)
-------------------------------------------------------------------------------------------------------------------------------
11. Aggregate Amount Beneficially Owned
by Each Reporting Person 995,100 (see Item 5)
-------------------------------------------------------------------------------------------------------------------------------
12. Check if the Aggregate Amount in Row (11) Excludes Certain Shares / /
-------------------------------------------------------------------------------------------------------------------------------
13. Percent of Class Represented by Amount in Row (11) 7.3%
-------------------------------------------------------------------------------------------------------------------------------
14. Type of Reporting Person (See Instructions) HC; OO
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>
ITEM 1. SECURITY AND ISSUER
This Amendment No. 1 to Schedule 13D relates to the Common Stock, par
value $.01 (the "Common Stock"), of Savoir Technology Group, Inc., a Delaware
corporation (the "Company"). The principal executive office of the Company is
located at 254 E. Hacienda Avenue, Campbell, CA 95008.
ITEM 2. IDENTITY AND BACKGROUND
(a) This Amendment No. 1 to Schedule 13D amends the Schedule 13D filed
on May 16, 2000 by University Capital Strategies Group, LLC, a Minnesota limited
liability company (the "Reporting Person"), with respect to shares beneficially
owned by Global Arbitrage Management Fund Limited Partnership, a Bermuda limited
partnership ("Global"). The Reporting Person is the general partner of Global.
(b) The address of the principal offices of the Reporting Person is 408
St. Peter Street, Suite 444, St. Paul, Minnesota 55102.
2
<PAGE>
(c) The principal business of the Reporting Person is managing
investments in securities on behalf of Global, primarily in connection with
arbitrage opportunities.
(d) The Reporting Person has not been convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) during the
last five years.
(e) The Reporting Person has not been a party to a civil proceeding of
a judicial or administrative body resulting in a judgment, decree or final order
enjoining future violations of, or prohibiting or mandating activities subject
to, federal or state securities laws, or finding any violation with respect to
such laws.
(f) The Reporting Person is a limited liability company organized under
the laws of the State of Minnesota.
Information called for by Items 2-6 of this Schedule 13D concerning the
directors and officers of the Reporting Person is set forth in Exhibit 1
attached to the Schedule 13D filed by the Reporting Person on May 16, 2000 and
incorporated herein by this reference.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
The $7,939,886 used by Global to purchase the shares of Common Stock
came from the investment capital of Global and funds borrowed in the ordinary
course of its business activities from margin accounts pursuant to a Master
Prime Brokerage Agreement, a form of which is attached as Exhibit 3 to Schedule
13D filed by the Reporting Person on May 16, 2000. All shares of Common Stock
acquired by Global were purchased in open market brokerage transactions the
ordinary course of business.
ITEM 4. PURPOSE OF TRANSACTION
Global acquired the Common Stock in the ordinary course of business for
investment purposes. Global from time to time evaluates its holdings of
securities and, based on such evaluation, may determine to acquire or dispose of
securities of specific issuers.
Neither the Reporting Person nor Global has any present plans or
intentions that relate to, or would result in, any of the transactions described
in subparagraphs (a) through (j), inclusive, of Item 4 of Schedule 13D.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) The aggregate number of shares of Common Stock to which this
Schedule 13D relates is 995,100 shares, representing approximately 7.3% of the
13,609,907 shares outstanding as of April 24, 2000 as reported in the Company's
most recently filed quarterly report on Form 10-Q filed with the SEC on May 15,
2000 for the quarter ended March 31, 2000. The Reporting Person may be deemed to
have beneficial ownership of the 995,100 shares owned by Global.
(b) The Reporting Person has shared voting and dispositive power with
respect to the shares of Common Stock owned by Global.
(c ) Exhibit 1 annexed hereto and incorporated herein by reference
lists transactions in the Common Stock by Global during the last sixty days,
including the name, date, amount of shares involved and price per share. All
acquisitions of Common Stock were executed through market transactions. There
were no other transactions in the Common Stock by the Reporting Persons in the
past sixty days.
3
<PAGE>
(d) Not Applicable.
(e) Not Applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Exhibit 1 - Acquisitions of shares Common Stock by Global during the
past sixty days.
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.
June 1, 2000
UNIVERSITY CAPITAL STRATEGIES GROUP, LLC
/s/ Patrick J. Hess
-------------------------------------
Patrick J. Hess, President and CEO
4
<PAGE>
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
1 Acquisitions of shares Common Stock by Global during the past
sixty days.
