DIGITAL LINK CORP
SC 13E3/A, 1999-10-18
COMPUTER COMMUNICATIONS EQUIPMENT
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                            ------------------------

                                 SCHEDULE 13E-3

                        RULE 13E-3 TRANSACTION STATEMENT

       (PURSUANT TO SECTION 13(E) OF THE SECURITIES EXCHANGE ACT OF 1934)
                               (AMENDMENT NO. 5)

                            DIGITAL LINK CORPORATION

                              (Name of the Issuer)

                                   DLZ CORP.
                                  VINITA GUPTA
                               NARENDRA K. GUPTA
                        GUPTA CHILDREN'S TRUST AGREEMENT
                     NARENDRA AND VINITA GUPTA LIVING TRUST
                     THE NAREN AND VINITA GUPTA FOUNDATION

                    (Name of the Person(s) Filing Statement)

                      COMMON STOCK, NO PAR VALUE PER SHARE
                         (Title of Class of Securities)

                                  253856 10 8
                     (CUSIP Number of Class of Securities)

                            ------------------------

                                  VINITA GUPTA
                                   DLZ CORP.
                                P.O. BOX 620154
                        WOODSIDE, CALIFORNIA 94062-0154
                                 (408) 745-4550
            (Name, Address and Telephone Number of Person Authorized
 to Receive Notices and Communications on Behalf of Person(s) Filing Statement)

                            ------------------------

                                   COPIES TO:

<TABLE>
<S>                                <C>
    CHRISTOPHER KAUFMAN, ESQ.              DAVID HEALY, ESQ.
        Latham & Watkins                  Fenwick & West LLP
     135 Commonwealth Drive              Two Palo Alto Square
  Menlo Park, California 94025        Palo Alto, California 94306
         (650) 328-4600                     (650) 494-0600
</TABLE>

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    DLZ Corp., a California corporation ("Purchaser") hereby amends and
supplements its Rule 13e-3 Transaction Statement on Schedule 13E-3 (the
"Schedule 13E-3"), filed with the Securities and Exchange Commission on
September 10, 1999, with respect to the offer to purchase any and all of the
shares of Common Stock, no par value per share, of Digital Link Corporation, a
California corporation, for a purchase price of $10.30 per share upon the terms
and subject to the conditions set forth in the Offer to Purchase and in the
related Letter of Transmittal. Capitalized terms not defined herein have the
meaning ascribed to them in the Schedule 13E-3.

ITEM 16. ADDITIONAL INFORMATION.

    Item 16 of the Schedule 13E-3 is hereby amended and supplemented by the
following:

    On October 18, 1999, Purchaser issued a press release, a copy of which is
attached hereto as exhibit (d)(11) and is incorporated herein by reference,
relating to the extension of the Offer until 12:00 midnight, New York City Time,
on Friday, October 22, 1999.

ITEM 17. MATERIAL TO BE FILED AS EXHIBITS.

    Item 17 of the Schedule 13E-3 is hereby amended and supplemented by the
following:

    (d)(11) Press Release dated October 18, 1999.
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                                   SIGNATURE

    After due 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.

<TABLE>
<S>                                           <C>        <C>
Dated: October 18, 1999                       DLZ CORP.

                                              By:                   /s/ VINITA GUPTA
                                                         --------------------------------------
                                              Name:      Vinita Gupta
                                              Title:     President and Chief Executive Officer

                                              GUPTA CHILDREN'S TRUST AGREEMENT

                                              By:                   /s/ VINITA GUPTA
                                                         --------------------------------------
                                              Name:      Vinita Gupta
                                              Title:     Trustee

                                              By:                 /s/ NARENDRA K. GUPTA
                                                         --------------------------------------
                                              Name:      Narendra K. Gupta
                                              Title:     Trustee

                                              NARENDRA AND VINITA GUPTA LIVING TRUST

                                              By:                   /s/ VINITA GUPTA
                                                         --------------------------------------
                                              Name:      Vinita Gupta
                                              Title:     Trustee

                                              By:                 /s/ NARENDRA K. GUPTA
                                                         --------------------------------------
                                              Name:      Narendra K. Gupta
                                              Title:     Trustee

                                              THE NAREN AND VINITA GUPTA FOUNDATION

                                              By:                   /s/ VINITA GUPTA
                                                         --------------------------------------
                                              Name:      Vinita Gupta
                                              Title:     Trustee

                                              By:                 /s/ NARENDRA K. GUPTA
                                                         --------------------------------------
                                              Name:      Narendra Gupta
                                              Title:     Trustee

                                                               /s/ VINITA GUPTA
                                                ---------------------------------------------
                                              Vinita Gupta

                                                            /s/ NARENDRA K. GUPTA
                                                ---------------------------------------------
                                              Narendra K. Gupta
</TABLE>

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                                                                 Exhibit (d)(11)
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                                                                    NEWS RELEASE

For Immediate Release                                     CONTACT: Larry Dennedy
                                                        MacKenzie Partners, Inc.
                                                                  (212) 929-5500
                         DLZ Corp. Extends Tender Offer
                  For Digital Link Shares To October 22, 1999
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SANTA CLARA, California, October 18, 1999-- DLZ Corp. announced today that it
had extended its offer to purchase the outstanding shares of Digital Link, Inc.
(NASDAQ:DLNK) for $10.30 cash per share. The offer will now expire at 12:00
midnight New York City time on October 22, 1999. As of 12:00 midnight New York
City time on October 15, 1999, 2,557,831 shares of Digital Link stock had been
tendered which, together with shares held by DLZ and its affiliates, constitutes
approximately 82.1% of the outstanding Digital Link stock.

Vinita Gupta, the founder of Digital Link and DLZ, a corporation formed to
purchase the shares of Digital Link held by the public, stated: "I am pleased by
the degree of support for our tender offer. Under California law, we cannot
consummate the tender offer together with the follow-on short-form merger unless
the tender offer together with our shares equals at least 90% of the outstanding
shares. We are extending the tender offer to see whether sufficient additional
shares are tendered by Friday October 22, 1999 because that would allow us to
get the shareholders their money quickly. If we are unable to reach 90% by
October 22, we will simply proceed with a long-form merger, which would
unfortunately delay payment to the shareholders by a number of months."

The Information Agent for the Tender Offer is MacKenzie Partners, Inc.
Additional information and copies of the tender offer documents can be obtained
from Mackenzie by calling (800) 322-2885.

ABOUT DIGITAL LINK

    Digital Link Corporation is leading provider of high-performance,
cost-effective, digital network access products for narrowband and broadband
applications. The company offers access solutions that increase the level of
intelligence at the demarcation point where LAN's and WAN's meet. These products
are used by Internet service providers and carriers as infrastructure equipment,
and by enterprises for connectivity to WAN services. Digital Link is
headquartered in Sunnyvale, California, and offers its products worldwide.
Additional information is available at Digital Link's website:
http://www.dl.com.

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