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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
Amendment No.: 1
Name of Issuer: Linkon Corporation
Title of Class of Securities: Common Stock
CUSIP Number: 535902100
(Name, Address and Telephone Number of Person
Authorized To Receive Notices and Communications)
Mr. Steven P. Cordovano
c/o Gulfstream Partners, L.P.
Two Greenwich Plaza, Suite 100
Greenwich, Connecticut 06830
(Date of Event which Requires Filing of this Statement)
May 10, 1999
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(e), 13d-1(f) or 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 Rule 13d-7(b) 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 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).
CUSIP No.: 535902100
1. Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Steven P. Cordovano
2. Check the Appropriate Box if a Member of a Group
a.
b. X
3. SEC Use Only
4. Source of Funds
AF, WC
5. Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e)
6. Citizenship or Place of Organization
United States of America
Number of Shares Beneficially Owned by Each Reporting Person
With:
7. Sole Voting Power:
2,500 (represents Warrants exercisable for a maximum of
2,500 Shares)
8. Shared Voting Power:
0
9. Sole Dispositive Power:
2,500 (represents Warrants exercisable for a maximum of
2,500 Shares)
10. Shared Dispositive Power:
0
11. Aggregate Amount Beneficially Owned by Each Reporting Person
2,500 (represents Warrants exercisable for a maximum of
2,500 Shares)
2
12. Check Box if the Aggregate Amount in Row (11) Excludes
Certain Shares [ ]
13. Percent of Class Represented by Amount in Row (11)
0.02%
14. Type of Reporting Person
IN
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The purpose of this Amendment No. 1 to the previously filed
Schedule 13D is to report that Steven P. Cordovano (the
"Reporting Person") is no longer a more than five percent
beneficial owner in the Common Stock (the "Shares") of Linkon
Corporation (the "Issuer").
Item 1. Security and Issuer
No change.
Item 2. Identity and Background
No change.
Item 3. Source and Amount of Funds or Other Consideration
No change.
Item 4. Purpose of Transactions
No change.
Item 5. Interest in Securities of Issuer
As of the date hereof, the Reporting Person is no longer
a more than five percent beneficial owner in the Shares
of the Issuer.
Item 6. Contracts, Arrangements, Understandings or
Relationships with Respect to Securities of the Issuer
No change.
Item 7. Material to be Filed as Exhibits
1. A description of the transactions in the
Shares that were effected by the Reporting
Person in open market transactions during the
60 days through the date of this filing is
filed herewith as Exhibit A.
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Signature
The undersigned, after reasonable inquiry and to
the best of their knowledge and belief, certify that the
information set forth in this statement is true, complete
and correct.
/s/ Steven P. Cordovano
_____________________________
Steven P. Cordovano
June 22, 1999
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Exhibit A
SCHEDULE OF TRANSACTIONS - Steven P. Cordovano
Price Per Share
Date Shares Purchased or (Sold) (excluding commission)
____ __________________________ _____________________
5/10/99 (5,000) $0.625
5/24/99 (25,000) 0.500
5/26/99 (215,000) 0.390
5/27/99 (308,000) 0.390
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