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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
ALPHA-BETA TECHNOLOGY INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
02071K 10 5
(CUSIP Number)
(Page 1 of 10 Pages)
(Exhibit Index on Page 8)
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CUSIP NO. 02071K 10 5
- --------------------------------------------------------------------------------
1) Name of Reporting Person Deltec Asset Management Corporation
S.S. or I.R.S. Identification
No. of Above Person I.R.S. No. 13-5133790
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a)
if a Member of a Group (b) x
(See Instructions)
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of
Organization State of New York
- --------------------------------------------------------------------------------
Number of (5)Sole Voting Power Not Applicable
Shares Bene- --------------------------------------------------------------
ficially (6)Shared Voting
Owned by Power Not Applicable
Each Report- --------------------------------------------------------------
ing Person (7)Sole Dispositive
With Power Not Applicable
--------------------------------------------------------------
(8)Shared Dispositive
Power Not Applicable
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person Not Applicable
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount
in Row (9) Excludes Certain
Shares (See Instructions) / /
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row (9) Not Applicable
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12) Type of Reporting Person (See
Instructions) BD, IA, CO
- --------------------------------------------------------------------------------
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CUSIP NO. 02071K 10 5
- --------------------------------------------------------------------------------
1) Name of Reporting Person Kikis Asset Management Corporation
S.S. or I.R.S. Identification (formerly Kikis Fusco Asset Management
Corporation)
No. of Above Person I.R.S. No. 13-3739921
- --------------------------------------------------------------------------------
2) Check the Appropriate Box (a)
if a Member of a Group (b) x
(See Instructions)
- --------------------------------------------------------------------------------
3) SEC Use Only
- --------------------------------------------------------------------------------
4) Citizenship or Place of
Organization State of New York
- --------------------------------------------------------------------------------
Number of (5)Sole Voting Power Not Applicable
Shares Bene- --------------------------------------------------------------
ficially (6)Shared Voting
Owned by Power Not Applicable
Each Report- --------------------------------------------------------------
ing Person (7)Sole Dispositive
With Power Not Applicable
--------------------------------------------------------------
(8)Shared Dispositive
Power Not Applicable
- --------------------------------------------------------------------------------
9) Aggregate Amount Beneficially
Owned by Each Reporting Person Not Applicable
- --------------------------------------------------------------------------------
10) Check if the Aggregate Amount
in Row (9) Excludes Certain
Shares (See Instructions) / /
- --------------------------------------------------------------------------------
11) Percent of Class Represented
by Amount in Row (9) Not Applicable
- --------------------------------------------------------------------------------
12) Type of Reporting Person (See
Instructions) IA, CO
- --------------------------------------------------------------------------------
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ITEM 1(a). NAME OF ISSUER:
Alpha-Beta Technology Inc. (the "Company")
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
Three Biotech Park, One Innovation Drive, Worcester, Massachusetts
01605
ITEM 2(a). NAME OF PERSON FILING:
Deltec Asset Management Corporation ("DAMC")
Kikis Asset Management Corporation (formerly Kikis Fusco Asset
Management Corporation) ("Kikis")
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
535 Madison Avenue, New York, New York 10022 (for both Reporting
Persons)
ITEM 2(c). CITIZENSHIP:
State of New York (for both Reporting Persons)
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(e). CUSIP NUMBER:
02071K 10 5
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES 13d-1(b), OR
13d-2(b), CHECK WHETHER THE PERSON FILING IS A:
(a) /X/ Broker or Dealer registered under Section 15 of the Act (DAMC
only),
(b) / / Bank as defined in Section 3(a)(6) of the Act,
(c) / / Insurance Company as defined in Section 3(a)(19) of the Act,
(d) / / Investment Company registered under Section 8 of the
Investment Company Act,
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(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 Rule 13d-1(b)(1)(ii)(F),
(g) / / Parent Holding Company, in accordance with Rule 13d-1(b)(ii)
(G)(see Item 7),
(h) / / Group, in accordance with Rule 13d-1(b)(1)(ii)(H).
ITEM 4. OWNERSHIP:
Not applicable.
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/
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not applicable.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY.
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP.
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP.
See Exhibit B.
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<PAGE> 6
ITEM 10. CERTIFICATION.
By signing below I certify that, to the best of my 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.
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SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement concerning the
undersigned is true, complete and correct.
Dated:February 10, 1997
DELTEC ASSET MANAGEMENT
CORPORATION
By /s/ STEPHEN ZUPPELLO
-------------------------------
Stephen Zuppello
Managing Director
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement concerning the
undersigned is true, complete and correct.
Dated: February 10, 1997
KIKIS ASSET MANAGEMENT
CORPORATION
By /s/ THOMAS P. KIKIS
-------------------------------
Thomas P. Kikis
Managing Director
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EXHIBIT INDEX
<TABLE>
<CAPTION>
Page
<S> <C>
A. Joint Filing Agreement, dated as of February 10, 1997, between Deltec
Asset Management Corporation and Kikis Asset Management
Corporation(*)................................................ 9
B. Notification of Dissolution of a Group, dated as of February 10, 1997,
between Deltec Asset Management Corporation and Kikis Asset
Management Corporation(*)..................................... 10
</TABLE>
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* Filed herewith.
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Exhibit A
JOINT FILING AGREEMENT
The undersigned agree that, in accordance with Rule 13d-1(f)(1) under
the Securities Exchange Act of 1934, the Amendment No. 1 of the Statement on
Schedule 13G to which this Agreement is an exhibit is being filed jointly on
their behalf with respect to their respective beneficial ownership of the common
stock of Alpha-Beta Technology Inc.
IN WITNESS WHEREOF, the parties have caused this Agreement to be duly
executed as of February 10, 1997.
DELTEC ASSET MANAGEMENT
CORPORATION
By: /s/ STEPHEN ZUPPELLO
------------------------------------------
Stephen Zuppello, Managing Director
KIKIS ASSET MANAGEMENT
CORPORATION
By: /s/ THOMAS P. KIKIS
------------------------------------------
Thomas P. Kikis, Managing Director
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<PAGE> 1
Exhibit B
NOTICE OF DISSOLUTION OF A GROUP
Each of the undersigned hereby gives notice that, as of December 31,
1996, the group (as that term is used in Rule 13d-1(b)(1)(ii)(H)) consisting of
Deltec Asset Management Corporation and Kikis Asset Management Corporation
(formerly Kikis Fusco Asset Managment Corporation) which filed the Statement on
Schedule 13G, dated January 26, 1996, with respect to the common stock of
Alpha-Beta Technology Inc. is dissolved. All further filings with respect to
transactions in the common stock of Alpha-Beta Technology Inc. will be filed, if
required, by members of the group, in their individual capacities.
IN WITNESS WHEREOF, the parties have caused this Notice to be duly
executed as of February 10, 1997.
DELTEC ASSET MANAGEMENT
CORPORATION
By: /s/ STEPHEN ZUPPELLO
------------------------------------------
Stephen Zuppello, Managing Director
KIKIS ASSET MANAGEMENT
CORPORATION
By: /s/ THOMAS P. KIKIS
------------------------------------------
Thomas P. Kikis, Managing Director
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