SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
EMB CORPORATION
(Name of Issuer)
Common Stock
(Title of Class of Securities)
2686 1820
(CUSIP Number)
*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>
<PAGE>
SCHEDULE 13G
CUSIP No. 460093404 Page 2 of 5 Pages
1 NAME OF REPORTING PERSON
Millenco L.P.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) / /
(b) / /
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:
5 SOLE VOTING POWER
583,215
6 SHARED VOTING POWER
0
7 SOLE DISPOSITIVE POWER
583,215
8 SHARED DISPOSITIVE POWER
0
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
583,215
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES*
/ /
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.3%
12 TYPE OF REPORTING PERSON*
BD
<PAGE>
<PAGE>
SCHEDULE 13G
Item 1.
(a) Name of Issuer:
EMB CORPORATION
(b) Address of Issuer's Principal Executive Offices:
575 Anton Boulevard, Suite 200
Costa Mesa, California 92626
Item 2. Name of Person Filing
(a) Name of Person Filing:
Millenco L.P.
(b) Address of Principal Office:
111 Broadway
20th Floor
New York, New York 10006
(c) Citizenship:
Delaware
(d) Title of Class of Securities:
Common Stock
(e) CUSIP Number:
2686 1820
Item 3. If Statement is filed pursuant to Rules 13(d)-1(b) or 13d-2(b), check
whether Person Filing is a
(a) /X/ 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)(19) of the Act
(d) / / Investment Company registered under section 8 of the
Investment Company Act
(e) / / 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)(1)(ii)(G) (Note: See Item 7)
(h) / / Group, in accordance with 240.13d-1(b)(1)(ii)(H)
Item 4. Ownership.
The information in Items 1 and 5 through 11 in the cover page (page 2)
hereof is hereby incorporated by reference.
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 / /.
Item 6. Ownership of More Than Five Percent on Behalf of Another Person.
Not applicable.
Item 7. Identification and Classification of Members of the
Subsidiary Which Acquired the Securities 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.
Not applicable.
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.
<PAGE>
<PAGE>
Signature: After reasonable inquiry and to the best of our knowledge and
belief, we certify that the information set forth in this statement is true,
complete and correct.
Millenco L.P.
By: Millennium Management, L.L.C.
General Partner
By:
/s/ Terry Feeney
Terry Feeney
Chief Administrative Officer
Date: February 13, 1998
