<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 8 )*
ARBOR SOFTWARE CORP.
- --------------------------------------------------------------------------------
(Name of Issuer)
COMMON STOCK
- --------------------------------------------------------------------------------
(Title of Class of Securities)
038918108
-------------------------------
(CUSIP Number)
Alberto W. Vilar, Amerindo Investment Advisors Inc.,
One Embarcadero Center, Suite 2300,
San Francisco, CA 94111-3162; Telephone: (415) 362-0292
- --------------------------------------------------------------------------------
(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
December 5, 1997
- --------------------------------------------------------------------------------
(Date of Event which Requires Filing this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D/A, and is filing this
schedule because of Rule 13D-1(b)(3) or (4), check the following space .
---
Check the following space if a fee is being paid with the statement . (A
---
fee is not required only if the reporting person: (1) has a previous statement
on file reporting beneficial ownership of more than five percent of the class
of securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13D-7.)
NOTE: Six copies of this statement, including all exhibits, should be filed
with the Commission. See Rule 13D-1(a) 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
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).
(Continued on following page(s))
<PAGE>
CUSIP
No. 038918108 13D/A
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
AMERINDO INVESTMENT ADVISORS INC., a California corporation, AMERINDO
INVESTMENT ADVISORS, INC., a Panama corporation, the AMERINDO ADVISORS
(UK) LIMITED RETIREMENT BENEFITS SCHEME, ALBERTO W. VILAR, GARY A.
TANAKA, JAMES P.F. STABLEFORD, and RENATA LE PORT, who disaffirm the
existence of any group and who are sometimes collectively referred to
as the "Reporting Persons."
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
00
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required [ ]
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
See Item 6 of separate cover pages for Reporting Persons
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of None
Shares
Beneficially -----------------------------------------------------------------
Owned By
Each 8 Shared Voting Power
Reporting
Person 2,356,461 shares in the aggregate for all Reporting Persons
With and as to all but up to 4,000 of which beneficial
ownership is disclaimed
-----------------------------------------------------------------
9 Sole Dispositive Power
None
-----------------------------------------------------------------
10 Shared Dispositive Power
2,356,461 shares in the aggregate for all Reporting Persons
and as to all but up to 4,000 of which beneficial
ownership is disclaimed
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
2,356,461 shares in the aggregate for all Reporting Persons and as to
all but up to 4,000 of which beneficial ownership is disclaimed
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain
Shares* [X]
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 20.96%
- --------------------------------------------------------------------------------
14 Type of Reporting Person* IA, EP, IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 2 of 16 -
CUSIP
No. 038918108 13D/A
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
AMERINDO INVESTMENT ADVISORS INC.
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
00
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required [ ]
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
California
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of None
Shares
Beneficially -----------------------------------------------------------------
Owned By
Each 8 Shared Voting Power
Reporting
Person 2,198,361 shares, as to all of which beneficial ownership
With is disclaimed
-----------------------------------------------------------------
9 Sole Dispositive Power
None
-----------------------------------------------------------------
10 Shared Dispositive Power
2,198,361 shares, as to all of which beneficial ownership
is disclaimed
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
2,198,361 shares, as to all of which beneficial ownership is disclaimed
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain
Shares* [X]
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 19.56%
- --------------------------------------------------------------------------------
14 Type of Reporting Person* IA
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 3 of 16 -
<PAGE>
CUSIP
No. 038918108 13D/A
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
AMERINDO INVESTMENT ADVISORS, INC.
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
00
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required [ ]
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
Panama
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of None
Shares
Beneficially ----------------------------------------------------------------
Owned By
Each 8 Shared Voting Power
Reporting
Person 154,100 shares, as to all of which beneficial ownership
With is disclaimed
----------------------------------------------------------------
9 Sole Dispositive Power
None
----------------------------------------------------------------
10 Shared Dispositive Power
154,100 shares, as to all of which beneficial ownership
is disclaimed
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
154,100 shares, as to all of which beneficial ownership is disclaimed
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain
Shares* [X]
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 1.37%
- --------------------------------------------------------------------------------
14 Type of Reporting Person* IA
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 4 of 16 -
<PAGE>
CUSIP
No. 038918108 13D/A
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
AMERINDO ADVISORS (UK) LIMITED RETIREMENT BENEFITS SCHEME
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
00
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required [ ]
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
United Kingdom
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of None
Shares
Beneficially ----------------------------------------------------------------
Owned By
Each 8 Shared Voting Power
Reporting
Person 4,000 shares, as to all of which beneficial ownership
With is disclaimed
----------------------------------------------------------------
9 Sole Dispositive Power
None
----------------------------------------------------------------
10 Shared Dispositive Power
4,000 shares, as to all of which beneficial ownership
is disclaimed
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
4,000 shares, as to all of which beneficial ownership is disclaimed
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain
Shares* [X]
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 0.04%
- --------------------------------------------------------------------------------
14 Type of Reporting Person* EP
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 5 of 16 -
CUSIP
No. 038918108 13D/A
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
ALBERTO W. VILAR
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
00
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required [ ]
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of None
Shares
Beneficially ----------------------------------------------------------------
Owned By
Each 8 Shared Voting Power
Reporting
Person 2,356,461 shares, as to all but up to 4,000 of which
With beneficial ownership is disclaimed
----------------------------------------------------------------
9 Sole Dispositive Power
None
----------------------------------------------------------------
10 Shared Dispositive Power
2,356,461 shares, as to all but up to 4,000 of which
beneficial ownership is disclaimed
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
2,356,461 shares, as to all but a portion of which beneficial ownership
is disclaimed
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain
Shares* [X]
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 20.96%
- --------------------------------------------------------------------------------
14 Type of Reporting Person* IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 6 of 16 -
<PAGE>
CUSIP
No. 038918108 13D/A
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
GARY A. TANAKA
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
00
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required [ ]
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
United States
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of None
Shares
Beneficially ----------------------------------------------------------------
Owned By
Each 8 Shared Voting Power
Reporting
Person 2,356,461 shares, as to all but up to 4,000 of which
With beneficial ownership is disclaimed
----------------------------------------------------------------
9 Sole Dispositive Power
None
----------------------------------------------------------------
10 Shared Dispositive Power
2,356,461 shares, as to all but up to 4,000 of which
beneficial ownership is disclaimed
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
2,356,461 shares, as to all but a portion of which beneficial ownership
is disclaimed
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain
Shares* [X]
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 20.96%
- --------------------------------------------------------------------------------
14 Type of Reporting Person* IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 7 of 16 -
<PAGE>
CUSIP
No. 038918108 13D/A
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
JAMES P.F. STABLEFORD
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
00
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required [ ]
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
United Kingdom
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of None
Shares
Beneficially ----------------------------------------------------------------
Owned By
Each 8 Shared Voting Power
Reporting
Person 4,000 shares, as to only a portion of which beneficial
With ownership is affirmed
----------------------------------------------------------------
9 Sole Dispositive Power
None
----------------------------------------------------------------
10 Shared Dispositive Power
4,000 shares, as to only a portion of which beneficial
ownership is affirmed
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
4,000 shares, as to only a portion of which beneficial ownership is
affirmed
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain
Shares* [X]
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 0.04%
- --------------------------------------------------------------------------------
14 Type of Reporting Person* IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 8 of 16 -
CUSIP
No. 038918108 13D/A
- --------------------------------------------------------------------------------
1 Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
RENATA LE PORT
- --------------------------------------------------------------------------------
2 Check the Appropriate Box if a Member of a Group* (a) [ ]
(b) [ ]
- --------------------------------------------------------------------------------
3 SEC Use Only
- --------------------------------------------------------------------------------
4 Source of Funds*
00
- --------------------------------------------------------------------------------
5 Check Box if Disclosure of Legal Proceedings is Required [ ]
- --------------------------------------------------------------------------------
6 Citizenship or Place of Organization
United Kingdom
- --------------------------------------------------------------------------------
7 Sole Voting Power
Number of None
Shares
Beneficially ----------------------------------------------------------------
Owned By
Each 8 Shared Voting Power
Reporting
Person 4,000 shares, as to only a portion of which beneficial
With ownership is affirmed
----------------------------------------------------------------
9 Sole Dispositive Power
None
----------------------------------------------------------------
10 Shared Dispositive Power
4,000 shares, as to only a portion of which beneficial
ownership is affirmed
- --------------------------------------------------------------------------------
11 Aggregate Amount Beneficially Owned By Each Reporting Person
4,000 shares, as to only a portion of which beneficial ownership is
affirmed
- --------------------------------------------------------------------------------
12 Check Box if the Aggregate Amount in Row (11) excludes Certain
Shares* [X]
- --------------------------------------------------------------------------------
13 Percent of Class Represented by Amount in Row (11) 0.04%
- --------------------------------------------------------------------------------
14 Type of Reporting Person* IN
- --------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
- 9 of 16 -
CUSIP
No. 038918108 13D/A
ITEM 1. Security and Issuer.
- ------- -------------------
The class of equity securities to which this statement relates is the
Common Stock of Arbor Software Corp. ("the Issuer"), whose principal
executive offices are located at 1344 Crossman Avenue, Sunnyvale, CA
94089.
ITEM 2. Identity and Background.
- ------ -----------------------
This statement is being filed by Amerindo Investment Advisors Inc.,
a California corporation whose principal executive offices are located at
One Embarcadero Center, Suite 2300, San Francisco, California, 94111
("Amerindo"), Amerindo Investment Advisors, Inc., a Panama corporation, whose
principal executive offices are located at Edificio Sucre, Calle 48 Este, Bella
Vista, Apartado 6277, Panama 5, Panama ("Amerindo Panama"), the Amerindo
Advisors (UK) Limited Retirement Benefits Scheme, the address of which is 43
Upper Grosvenor Street, London WIX 9PG England (the "Retirement Benefits
Scheme"), Alberto W. Vilar, Gary A. Tanaka, James P.F. Stableford, and Renata
Le Port. Although this statement is being made jointly by Amerindo, Amerindo
Panama, the Retirement Benefits Scheme, Messrs. Vilar, Tanaka, Stableford, and
Ms. Le Port, each of them expressly disaffirms membership in any group under
Rule 13D-5 under the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), or otherwise.
Amerindo is registered as an investment advisor under the Investment
Advisors Act of 1940, as amended. Messrs. Alberto W. Vilar and Gary A. Tanaka,
whose business addresses are the same as those set forth for Amerindo and each
of whom is a U.S. citizen, are the only directors and executive officers of
Amerindo Panama. They are also the only directors and executive officers of
Amerindo, other than Mr. James H. Furey, Chief Operating Officer, and
Mr. Joaquin Garcia-Larrieu, Chief Financial Officer. Mr. Furey and Mr. Garcia's
business addresses are at Amerindo's offices at 399 Park Avenue, New York, New
York 10022. Messrs. Alberto W. Vilar, Gary A. Tanaka, James P.F. Stableford
and Ms. Renata Le Port are managing trustees of the Retirement Benefits
Scheme. Amerindo, Amerindo Panama, the Retirement Benefits Scheme, Messrs.
Vilar, Tanaka, Stableford and Ms. Le Port are sometimes hereinafter
collectively referred to as the "Reporting Persons." Messrs. Vilar, Tanaka,
Stableford, Furey, Garcia and Ms. Le Port are sometimes hereinafter
collectively referred to as the "Other Named Individuals."
During the last five Quarters, none of the Reporting Persons or Other
Named Individuals has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors), nor has any such individual or entity
been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which proceeding such individual or
entity was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to,
Federal or state securities laws or finding any violation with respect to
such laws.
ITEM 3. Source and Amounts of Funds or Other Consideration.
- ------- --------------------------------------------------
All purchases of the subject securities by the Reporting Persons
have been in the ordinary course of the respective businesses of Amerindo,
and Amerindo Panama (collectively, the "Advisor Entities") as investment
advisors, except for an aggregate of 4,000 shares which are owned by the
Retirement Benefits Scheme. Accordingly, the funds used to purchase the
subject securities have been client funds pertaining to accounts under
management, except that the shares owned by the Retirement Benefits Scheme
were purchased with Retirement Benefits Scheme assets, respectively.
Purchases of the Issuer's securities by the Named Individuals would all be
and have all been made with their personal funds, except that margin credit
may also be, and may have been, employed.
- 10 of 16 -
<PAGE>
ITEM 4. Purpose of Transaction.
- ------- ----------------------
All of the subject securities have been purchased by the Advisor
Entities in the ordinary course of their respective businesses as
investment advisors, (or, in the case of securities held by the Retirement
Benefits Scheme, in the ordinary course of investing for the Retirement
Benefits Scheme), and not with the purpose of effecting change or
influencing the control of the issuer or in connection with or as a
participant in any transaction having such purpose or effect, including
any transaction subject to Rule 13D-3(b) under the Exchange Act.
Additionally, because each of the Advisor Entities is obligated to act
in the best interests of its respective clients and in accordance with
the respective mandates of those clients, and because the trustees of the
Retirement Benefits Scheme are required to act in the best interest of the
beneficiaries thereof, there is no agreement between or among any of the
Reporting Persons to act together with respect to the Issuer or its
securities, except that they may, from time to time and provided that
transactions are otherwise being effected at the same time, aggregate
orders for client accounts in order to receive more favorable trading
terms. Any of the subject securities acquired or which might in the future
be acquired by any of the Named Individuals have been and would be acquired
for investment and not with the purpose of effecting change or influencing
the control of the issuer or in connection with or as a participant in any
transaction having such purpose or effect, including any transaction
subject to Rule 13D-3(b) under the Exchange Act.
ITEM 5. Interests in Securities of Issuer.
- ------- ---------------------------------
(a) See Exhibit "A" attached hereto for information setting forth for
each of the Reporting Persons and for each Named Individual the aggregate number
of shares of the Common Stock of Issuer beneficially owned by such person as of
December 5, 1997, and the percentage which such shares constitute of the total
number of shares outstanding, as reflected on Issuer's Form 10Q for the Quarter
Ending September 30, 1997, unless information has been obtained as of a later
date directly from the Issuer (with beneficial ownership determined as set forth
in Rule 13D-3 under the Exchange Act, but disclaimed except as set forth in the
Exhibit).
(b) Messrs. Vilar and Tanaka share voting and dispositive power
over all shares shown as owned by any of the Reporting Persons, except that
Messrs. Vilar, Tanaka, Stableford and Ms. Le Port have shared voting and
dispositive power over the 4,000 shares held by the Retirement Benefits
Scheme; however, each client of the Advisor Entities has the unilateral right
to terminate the advisory arrangement with the Entity in question on notice
which typically need not exceed 30 days. Each of the Other Named Individuals
has sole voting and dispositive power as to the shares shown in Exhibit "A" as
owned by him.
(c) The table contained in Exhibit "B" attached hereto sets forth for
each of the Reporting Persons and Named Individuals information concerning all
acquisitions and dispositions of Issuer's Common Stock by any such person
during the period beginning on October 6, 1997, and ending on December 5,
1997, including (i) the date of the transaction (ii) whether the transaction
was a purchase or sale, (iii) the number of shares involved, and (iv) the price
per share at which the transaction was effected. All transactions were
effected on the open market.
(d) The shares covered by this statement are all owned by clients
of the Advisor Entities and/or the Retirement Benefits Scheme. No such
person's interest in the securities included in this statement exceeds 5% of
the class outstanding.
(e) Inapplicable
- 11 of 16 -
<PAGE>
ITEM 6. Contracts, Arrangements, Understandings or
- ------ Relationships with Respect to Securities
of the Issuer.
------------------------------------------
Messrs. Vilar and Tanaka are the sole shareholders and directors
of each of the Advisor Entities. As stated above, clients of those
Entities generally have the right to terminate their investment advisory
arrangements with those Entities on notice of 30 days or less.
ITEM 7. Material to be Filed as Exhibits.
- ------ --------------------------------
Inapplicable.
- 12 of 16 -
<PAGE>
SIGNATURES
----------
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.
AMERINDO INVESTMENT ADVISORS INC.,
a California corporation
By: /s/ Alberto W. Vilar
--------------------------------------
ALBERTO W. VILAR, PRESIDENT
AMERINDO INVESTMENT ADVISORS, INC.,
a Panama corporation
By: /s/ Alberto W. Vilar
--------------------------------------
ALBERTO W. VILAR, DIRECTOR
AMERINDO ADVISORS (UK) LIMITED RETIREMENT
BENEFITS SCHEME
By: /s/ Alberto W. Vilar
--------------------------------------
ALBERTO W. VILAR, TRUSTEE
By: /s/ Gary A. Tanaka
--------------------------------------
GARY A. TANAKA, TRUSTEE
By: /s/ James P.F. Stableford
--------------------------------------
JAMES P.F. STABLEFORD, TRUSTEE
By: /s/ Renata Le Port
--------------------------------------
RENATA LE PORT, TRUSTEE
/s/ Alberto W. Vilar
--------------------------------------
ALBERTO W. VILAR
/s/ Gary A. Tanaka
--------------------------------------
GARY A. TANAKA
- 13 of 16 -
<PAGE>
EXHIBIT A
ARBOR SOFTWARE CORP.
COMMON STOCK
038918108
The following table sets forth for each of the Reporting Persons and
for each Other Named Individual the aggregate number of shares of the Common
Stock of the Issuer beneficially owned by such person as of December 5, 1997,
and the percentage which such shares constitute of the total number of
shares outstanding, as reflected on the Issuer's Form 10Q for the Quarter
Ending September 30, 1997, unless based on more recent information obtained
directly from the Issuer (with beneficial ownership determined as set forth
in Rule 13D-3 under the Exchange Act, but disclaimed as set forth in the
footnote):
NAME NO. OF SHARES (1) PERCENT OF CLASS
---- ------------- ----------------
Amerindo 2,198,361 19.56%
Amerindo Panama 154,100 1.37%
Retirement Benefits 4,000 0.04%
Scheme
Alberto W. Vilar 2,356,461 20.96%
Gary A. Tanaka 2,356,461 20.96%
James H. Furey 200 0.00%
Joaquin Garcia 0 0.00%
James P.F. Stableford 4,000 0.04%
Renata Le Port 4,000 0.04%
_____________________________________
(1) Messrs. Vilar and Tanaka, as the sole directors and shareholders of
each of the Advisor Entities, share voting and investment power as to all
shares shown as owned by the Advisor Entities, but they and the Advisor
Entities disclaim ownership of any of such shares. Messrs. Vilar, Tanaka,
Stableford, and Ms. Le Port, as the managing trustees of the Retirement
Benefits Scheme share investment and dispositive power as to the shares
shown as owned by the Retirement Benefits Scheme, but disclaim beneficial
ownership of any such shares except insofar as concerns their indirect
interest therein by reason of their pro rata interest in the Retirement
Benefits Scheme. The number of shares shown as owned by the Other Named
Individuals does not include any owned indirectly by them as
participants in the Retirement Benefits Scheme. Each client of the
Advisor Entities has the unilateral right to terminate the advisory
arrangement with the Entity in question on notice which typically need
not exceed 30 days.
- 14 of 16 -
<PAGE>
EXHIBIT B
ARBOR SOFTWARE CORP.
COMMON STOCK
038918108
The following table sets forth for each of the Reporting Persons and Other
Named Individuals information concerning all acquisitions and dispositions
of the Issuer's Common Stock by any such person during the period beginning
on October 6, 1997, and ending on December 5, 1997, including (i) the
date of the transaction (ii) whether the transaction was a purchase or
sale, (iii) the number of shares involved, and (iv) the price per share at
which the transaction was effected. All transactions were effected on the
open market.
Type of Number Price
Name Date Transaction of Shares per Share
- ---- ---- ----------- --------- ---------
Amerindo 10-23-97 Buy 40,000 42.125
Amerindo 10-28-97 Buy 15,000 32.750
Amerindo 11-26-97 Sell 17,500 31.366
Amerindo 12-03-97 Buy 50,000 28.375
- 15 of 16 -
<PAGE>
EXHIBIT C
ARBOR SOFTWARE CORP.
COMMON STOCK
038918108
We hereby agree that the within Statement on Schedule 13D/A regarding our
beneficial ownership of Common Stock is filed on behalf of each of us.
AMERINDO INVESTMENT ADVISORS INC.,
a California corporation
By: /s/ Alberto W. Vilar
--------------------------------------
ALBERTO W. VILAR, PRESIDENT
AMERINDO INVESTMENT ADVISORS, INC.,
a Panama corporation
By: /s/ Alberto W. Vilar
--------------------------------------
ALBERTO W. VILAR, DIRECTOR
AMERINDO ADVISORS (UK) LIMITED RETIREMENT
BENEFITS SCHEME
By: /s/ Alberto W. Vilar
--------------------------------------
ALBERTO W. VILAR, TRUSTEE
By: /s/ Gary A. Tanaka
--------------------------------------
GARY A. TANAKA, TRUSTEE
By: /s/ James P.F. Stableford
--------------------------------------
JAMES P.F. STABLEFORD, TRUSTEE
By: /s/ Renata Le Port
--------------------------------------
RENATA LE PORT, TRUSTEE
/s/ Alberto W. Vilar
--------------------------------------
ALBERTO W. VILAR
/s/ Gary A. Tanaka
--------------------------------------
GARY A. TANAKA
- 16 of 16 -
