UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __5__)*
Delphi Information Systems, Inc.
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
247171-10-1
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(CUSIP Number)
February 28, 1999
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(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
/X/ Rule 13d-1(b)
/_/ Rule 13d-1(c)
/_/ Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject clas of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
SEC 1745 (2/92) Page 1 of 7 pages
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CUSIP No. 247171-10-1 13G/A Page 2 of 7 pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF THE ABOVE PERSON
Perkins Capital Management, Inc.
41-1501962
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) /_/
(b) /_/
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
730 East Lake Street, Wayzata, MN 55391-1769
NUMBER OF
SHARES 5 SOLE VOTING POWER
39,500
BENEFICIALLY
6 SHARED VOTING POWER
OWNED BY 0
EACH 7 SOLE DISPOSITIVE POWER
517,700
REPORTING
8 SHARED DISPOSITIVE POWER
PERSON WITH: 0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
237,000
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(SEE INSTRUCTIONS) /_/
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.2%
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA
SEC 1745 (02/92) Page 2 of 7 pages
<PAGE>
CUSIP No. 247171-10-1 13G Page 3 of 7 pages
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF THE ABOVE PERSON
The Perkins Opportunity Fund
IRS ID No.: 13-3682185
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) /_/
(b) /_/
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
A Massachusetts Busines Trust
NUMBER OF SHARES 5 SOLE VOTING POWER
0 (Refer to Item 5, page two of seven)
BENEFICIALLY OWNED 6 SHARED VOTING POWER
0
BY EACH REPORTING 7 SOLE DISPOSITIVE POWER
0 (Refer to Item 7, page two of seven)
PERSON WITH 8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
280,000
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.8%
12 TYPE OF REPORTING PERSON*
IV
SEC 1745 (2/92) Page 3 of 7 pages
<PAGE>
CUSIP No. 247171-10-1 13G Page 4 of 7 pages
Item 1.
(a) Name of Issuer
Delphi Information Systems, Inc.
(b) Address of Issuer's Pricipal Executive Offices
3501 Algonquin Road, Ste 500, Rolling Meadows, IL 60008-3128
Item 2.
(a) Name of Person Filing
Perkins Capital Management, Inc. and the Perkins
Opportunity Fund.
(b) Address of Principal Business Office or, if none, residence
730 East Lake Street
Wayzata, MN 55391-1769
(c) Citizenship
A Minnesota Corporation
A Massachusetts Business Trust
(d) Title of Class of Securities
Common Stock
(e) CUSIP Number
247171-10-1
Item 3. If this statement is filed pursuant to Rule 13d-1(b), or 13d-2(b),
check whether the person filing is a:
(a) /_/ Broker or Dealer registered under Section 15 of the Act
(b) /_/ Bank as defined in section 3 (a) (6) of the Act
(c) /_/ Insurance Company as defined in section 3 (a) (6) of the Act
(d) /X/ Investment Company registered under section 8 of the
Investment Company Act.
(e) /X/ Investment Adviser registered under section 203 of the
Investment Advisers act of 1940
(f) /_/ Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act
of 1974 or Endowment Fund; see 240.13d-1 (b) (1) (ii) (F)
(g) /_/ Parent Holding Company, in accordance with
240.13d-1 (b) (ii) (G) (Note: See Item 7)
SEC 1745 (2/92) Page 4 of 7 pages
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CUSIP No. 162780-10-1 13G Page 5 of 7 pages
(h) /_/ Group, in accordance with 240.13d-1(b) (1) (ii) (H)
Item 4. Ownership
If the percent of the class owned, as of December 31 of the year covered by
the statement, or as of the last day of any month described in Rule 13d-1
(b) (2), if applicable, exceeds five percent, provide the following
information as of that date and identify those shares which there is a right
to acquire.
(a) Amount Beneficially Owned
The total amount reported on is 517,700 common equivalents.
Perkins Capital Management, Inc. holds 237,000 common
equivalents for various clients. The Perkins Opportunity Fund
holds 280,000 common equivalents. Perkins Capital Management,
Inc. disclaims beneficial ownership of the Perkins Opportunity
Fund shares.
(b) Percent of Class
The total percent held is 7.0%, which includes 3.2% held for
clients of Perkins Capital Management, Inc. and 3.8% held in the
Perkins Opportunity Fund.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote
Perkins Capital Management, Inc. has the sole power to vote
39,500 common equivalents, whcih includes no (0) common
equivalents held in the Perkins Opportunity Fund.
(ii) shared power to vote or to direct the vote
0
(iii) sole power to dispose or to direct the disposition of
Perkins Capital Management, Inc. has the sole power to
dispose of 517,700 common equivalents, which includes
280,000 common equivalents held in the Perkins Opportunity
Fund.
(iv) shared power to dispose or to direct the disposition of
0
Item 5. Ownership of Five Percent or Less of a Class
If this statement is being filed to report the fact that as of the date hereof
the reporting person has ceased to be the beneficial owner of more than five
percent of the class of securities, check the following: /X/
The Perkins Opportunity Fund reduced its' holdings to 3.8% of the shares.
Other clients of Perkins Capital Management, Inc. hold 3.2 % of the shares.
The aggregate amount of the two is 7.0%, which will be consolidated onto a
singular filing for Perkins Capital Management, Inc. in the future.
Item 6. Ownership of more than Five Percent on Behalf of Another Person.
None
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company
None
Item 8. Identification and Classification of Members of the Group
None
Item 9. Notice of Dissolution of Group
None
SEC 1745 (2/92) Page 5 of 7 pages
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CUSIP No. 247171-10-1 13G Page 6 of 7 pages
Item 10. Certification
By signing below I certify that, to the best of myu knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the issuer of such securities and were not acquired in
connection with or as a participant in any transaction having such
purposes or effect.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information se forth in this statement is true, complete
and correct.
March 10, 1999
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Date
By /s/ Richard C. Perkins
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Signature
Richard C. Perkins, VP/Portfolio Manager
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Name/Title
SEC 1745 (02/92) Page 6 of 7
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CUSIP No. 247717-10-1 Page 7 of 7 pages
JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(f)(1)
This agreement is made pursuant to rule 13d-1(f)(1) under the Seurities
Exchang Act of 1934 (the "Act") by and among the parties listed below, each
referred to herein as a "Joint Filer". The Joint filers agree that a
statement of beneficial ownership as required by Section 13(d) of the Act
and the Rules thereunder may be filed on each of their behalf on Schedule
13D or Schedule 13G as appropriate and that said joint filing may thereafter
be amended by further joint filings. The Joint Filers state that to the
best of their knowledge and belief they each satisfy the requirements for
making a joint filing under Fule 13d-1.
March 10, 1999
/s/ Richard C. Perkins /s/ Steven J. Paggioli
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Perkins Capital Management, Inc. Perkins Opportunity Fund Series
Richard C. Perkins Professionally Managed Portfolios
VP/Portfolio Manager Steven J. Paggioli
SEC 1745 (2/92) Page 7 of 7 pages
