SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________
SCHEDULE 13D
Under the Securities Exchange Act of 1934
MICRO LINEAR CORPORATION
(Name of Issuer)
COMMON STOCK, PAR VALUE $.001 PER SHARE
(Title of Class of Securities)
594850109
(CUSIP Number)
RAJ RAJARATNAM
GALLEON ADVISORS, L.L.C.
135 EAST 57TH STREET
NEW YORK, NEW YORK 10022
(212) 371-2809
(Name, address and telephone number of person
authorized to receive notices and communications)
JANUARY 31, 1997
(Date of event which requires filing of 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, and is
filing this schedule because of Rule 13d-1(b)(3) or (4), check the following
box [ ].
Check the following box 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 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 purposes 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 1 of 18 Pages
<PAGE>
13D
CUSIP No. 594850109
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Galleon Partners, L.P.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
WC
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
- 0 -
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
388,950
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
388,950
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
388,950
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
3.2%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 18 Pages
<page
13D
CUSIP No. 594850109
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Galleon International Fund, Ltd.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
WC
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Bermuda
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
- 0 -
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
311,160
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
311,160
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
311,160
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
2.5%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
CO
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 18 Pages
<page
13D
CUSIP No. 594850109
_____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Galleon Omni Fund Ltd.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
WC
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
- 0 -
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
77,790
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
77,790
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
77,790
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
.6%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
CO
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 18 Pages
<page
13D
CUSIP No. 594850109
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Polaris Prime Technology, L.P.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
WC
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
- 0 -
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
140,000
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
140,000
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
140,000
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
1.1%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 18 Pages
<page
13D
CUSIP No. 594850109
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Galleon Management, L.P.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
- 0 -
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
528,950
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
528,950
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
528,950
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
4.2%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
PN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 18 Pages
<PAGE>
13D
CUSIP No. 594850109
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Galleon Management, L.L.C.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
- 0 -
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
528,950
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
528,950
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
528,950
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
4.2%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
CO
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 18 Pages
<page
13D
CUSIP No. 594850109
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Galleon Advisors, L.L.C.
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
- 0 -
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
388,950
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
388,950
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
388,950
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
3.2%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
CO
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 18 Pages
<page
13D
CUSIP No. 594850109
____________________________________________________________________________
(1) NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO.
OF ABOVE PERSON
Raj Rajaratnam
_____________________________________________________________________________
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [x]
(b) [ ]
_____________________________________________________________________________
(3) SEC USE ONLY
_____________________________________________________________________________
(4) SOURCE OF FUNDS **
AF
____________________________________________________________
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS
REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [ ]
_____________________________________________________________________________
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
U.S.A.
_____________________________________________________________________________
NUMBER OF (7) SOLE VOTING POWER
- 0 -
SHARES ______________________________________________________________
BENEFICIALLY (8) SHARED VOTING POWER
917,900
OWNED BY ______________________________________________________________
EACH (9) SOLE DISPOSITIVE POWER
- 0 -
REPORTING ______________________________________________________________
PERSON WITH (10) SHARED DISPOSITIVE POWER
917,900
_____________________________________________________________________________
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
917,900
_____________________________________________________________________________
(12) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (11) EXCLUDES CERTAIN SHARES ** [ ]
_____________________________________________________________________________
(13) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (11)
7.4%
_____________________________________________________________________________
(14) TYPE OF REPORTING PERSON **
IN
_____________________________________________________________________________
** SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 9 of 18 Pages
<page
ITEM 1. SECURITY AND ISSUER.
This statement on Schedule 13D relates to the common stock ("Common
Stock") of Micro Linear Corporation. ("MLC"). The principal executive offices
of MLC are located at 2092 Concourse Drive, San Jose, CA 95131.
ITEM 2. IDENTITY AND BACKGROUND.
This statement is filed by (a) Galleon Partners, L.P. (the "Domestic
Fund"), (b) Galleon International Fund, Ltd. (the "Offshore Fund"), (c)
Galleon Omni Fund Ltd. (the "Omni Fund"), (d) Polaris Prime Technology, L.P.
("Polaris"), (e) Galleon Management, L.P. ("Management LP"), (f) Galleon
Management, L.L.C. ("Management LLC"), (g) Galleon Advisors, L.L.C.
("Advisors") and (h) Raj Rajaratnam ("Rajaratnam"). The persons listed in (a)
through (h) above are collectively referred to herein as the "Reporting
Persons" and information regarding each Reporting Person is set forth below.
The Domestic Fund is a Delaware limited partnership having its principal
place of business at 135 East 57th Street, New York, New York 10022. The
principal business of the Domestic Fund, a private investment partnership, is
to achieve long-term capital appreciation primarily through investments in
equity securities. Rajaratnam is the managing member of Advisors, the general
partner of the Domestic Fund.
The Offshore Fund is a company incorporated under the laws of Bermuda
with its principal place of business at 6 Front Street, Hamilton HM11,
Bermuda. The principal business of the Offshore Fund, a private investment
fund, is to achieve long-term capital appreciation primarily through
investments in equity securities. Management LP is the investment advisor to
the Offshore Fund. Management LLC is the general partner of Management LP.
Rajaratnam is the managing member of Management LLC.
The Omni Fund is a company incorporated under the laws of the British
Virgin Islands with its principal place of business at Charlotte House,
Charlotte Street, P.O. Box N-9204, Nassau, Bahamas. The principal business of
the Omni Fund, a private investment fund, is to achieve long-term capital
appreciation primarily through investments in equity securities. Management
LP is the investment advisor to the Omni Fund. Management LLC is the general
partner of Management LP. Rajaratnam is the managing member of Management LLC.
Polaris is a Delaware limited partnership with its principal place of
business at 171 Church Street, Suite 330, Charleston, South Carolina 29401.
The primary business objective of Polaris, a private investment fund, is to
achieve long-term capital appreciation primarily through investments in equity
securities. Management LP is the investment advisor to Polaris. Management
LLC is the general partner of Management LP. Rajaratnam is the managing member
of Management LLC.
Management LP is a Delaware limited partnership with its principal place
of business at 135 East 57th Street, New York, New York 10022. Management LP
manages the investment portfolios of the Offshore Fund, the Omni Fund and
Polaris. Management LLC is the general partner of Management LP. Rajaratnam
is the managing member of Management LLC.
Management LLC is a Delaware limited liability company with its principal
place of business at 135 East 57th Street, New York, New York 10022.
Management LLC is the general partner of Management LP. Rajaratnam is the
managing member of Management LLC.
Page 10 of 18 Pages
<PAGE>
Advisors is a Delaware limited liability company, and is the general
partner of and provides investment advice to the Domestic Fund. The principal
place of business of Advisors is 135 East 57th Street, New York, New York
10022. Rajaratnam is the managing member of Advisors.
Rajaratnam is a U.S. citizen and is the managing member of both
Management LLC and Advisors. The principal place of business of Rajaratnam is
135 East 57th Street, New York, NY 10022. Through Advisors, Management LLC
and Management LP, Rajaratnam has primary investment discretion for the
investment portfolios of the Domestic Fund, the Offshore Fund, the Omni Fund
and Polaris.
None of the persons described in this Item 2, during the last five
years, (a) has been convicted in a criminal proceeding (excluding traffic
violations or similar misdemeanors) or (b) was a party to a civil proceeding
of a judicial or administrative body of competent jurisdiction and as a result
of such proceeding 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 AMOUNT OF FUNDS OR OTHER CONSIDERATION.
The aggregate number of shares of Common Stock purchased and the net
investment cost of such shares is as follows:
Aggregate Net
Name # of Shares Investment Cost
Domestic Fund 388,950 $4,664,680
Offshore Fund 311,160 $3,731,744
Omni Fund 77,790 $ 932,936
Polaris 140,000 $1,388,000
The source of the funds used to make the purchase of the Common Stock
was working capital and no part of the purchase price was represented by funds
or other consideration specially borrowed or otherwise specifically obtained
for the purpose of acquiring, holding, trading or voting the securities.
The Common Stock beneficially owned by the Domestic Fund, the Offshore
Fund and the Omni Fund is held in margin accounts at Morgan Stanley & Co.,
Incorporated and the Common Stock beneficially owned by Polaris is held in a
margin account at Bear, Stearns & Co., all of which accounts may, from time to
time, have debit balances. Since other securities are held in such margin
accounts, it is not possible to determine the amount, if any, of margin used
with respect to the Common Stock purchased. Currently, the interest rate
charged on such margin accounts is 6.0% per annum.
Page 11 of 18 Pages
<PAGE>
ITEM 4. PURPOSE OF THE TRANSACTION.
The Reporting Persons have no present plans or proposals that relate to
or would result in any of the actions enumerated in paragraphs (a) through (j)
of Item 4 of the instructions to Schedule 13D, although they reserve the right
to buy additional securities of MLC or sell securities of MLC from time to
time.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a) The aggregate number and percentage of Common Stock beneficially
owned by the Reporting Persons is enumerated below:
Number of Percentage of
Name Common Shares Common Shares
Domestic Fund 388,950 3.2%
Offshore Fund 311,160 2.5%
Omni Fund 77,790 .6%
Polaris 140,000 1.1%
The Reporting Persons own in the aggregate 917,900 (7.4%) of the outstanding
shares of Common Stock of MLC.
The approximate aggregate percentage of shares of Common Stock
beneficially owned by each person herein is based on 12,310,236 shares
outstanding, which is the total number of shares of Common Stock outstanding
as of September 30, 1996, as reflected in MLC's quarterly report on Form 10-Q
filed with the Securities and Exchange Commission (the "SEC") for the fiscal
quarter ended September 30, 1996 (which is the most recent Form 10-Q on file
with the SEC).
(b) The power to vote the Common Stock with respect to each Reporting
Person noted in paragraph (a) above is as set forth on the cover sheet of this
Schedule 13D for such Reporting Person.
Management LP does not directly own any of the Common Stock. Management
LP may be deemed to indirectly beneficially own 528,950 shares of Common Stock
by virtue of its investment advisory relationships with the Offshore Fund, the
Omni Fund and Polaris pursuant to which Management LP provides discretionary
investment advisory services.
Management LLC does not directly own any of the Common Stock.
Management LLC may be deemed to indirectly beneficially own 528,950 shares of
Common Stock by virtue of its position as general partner of Management LP.
Advisors does not directly own any of the Common Stock. Advisors may be
deemed to indirectly beneficially own 388,950 shares of Common Stock by virtue
of its position as general partner of the Domestic Fund.
Rajaratnam does not directly own any of the Common Stock. Rajaratnam may
be deemed to indirectly beneficially own 917,900 shares of Common Stock as the
managing member of both Advisors and Management LLC.
Page 12 of 18 Pages
<page
(c) The following is a list of transactions by the Reporting Persons
involving the Common Stock of MLC during the 60 day period prior to and
including January 31, 1997 and from February 1, 1997 through the filing date
hereof.
No. of Shares
Name Date purchased/(sold) Price/Share
Domestic Fund 1/22/97 125,000 10.0000
1/27/97 12,500 11.7500
1/28/97 38,000 12.1086
1/29/97 22,000 12.6648
1/30/97 20,000 13.2343
1/30/97 (2,500) 12.8750
1/31/97 15,250 12.9795
1/31/97 25,000 13.0000
2/07/97 5,000 12.3125
2/10/97 10,000 12.6250
2/10/97 (10,000) 12.8750
2/11/97 2,750 12.1364
2/12/97 15,000 12.3750
2/13/97 5,000 12.6250
2/13/97 5,000 12.5000
2/18/97 12,500 13.0000
2/18/97 13,750 12.9260
2/19/97 1,700 13.4044
2/19/97 27,500 13.2727
2/19/97 35,500 13.3574
2/20/97 10,000 13.0000
Offshore Fund 1/22/97 100,000 10.0000
1/27/97 10,000 11.7500
1/28/97 30,400 12.1086
1/29/97 17,600 12.6648
1/30/97 16,000 13.2343
1/30/97 (2,000) 12.8750
1/31/97 12,200 12.9795
1/31/97 20,000 13.0000
2/07/97 4,000 12.3125
2/10/97 8,000 12.6250
2/10/97 (8,000) 12.8750
2/11/97 2,200 12.1364
2/12/97 12,000 12.3750
2/13/97 4,000 12.6250
2/13/97 4,000 12.5000
2/18/97 10,000 13.0000
2/18/97 11,000 12.9260
2/19/97 1,360 13.4044
2/19/97 22,000 13.2727
2/19/97 28,400 13.3574
2/20/97 8,000 13.0000
Page 13 of 18 Pages
<PAGE>
Omni Fund 1/22/97 25,000 10.0000
1/27/97 2,500 11.7500
1/28/97 7,600 12.1086
1/29/97 4,400 12.6648
1/30/97 4,000 13.2343
1/30/97 (500) 12.8750
1/31/97 3,050 12.9795
1/31/97 5,000 13.0000
2/07/97 1,000 12.3125
2/10/97 2,000 12.6250
2/10/97 (2,000) 12.8750
2/11/97 550 12.1364
2/12/97 3,000 12.3750
2/13/97 1,000 12.6250
2/13/97 1,000 12.5000
2/18/97 2,500 13.0000
2/18/97 2,750 12.9260
2/19/97 340 13.4044
2/19/97 5,500 13.2727
2/19/97 7,100 13.3574
2/20/97 2,000 13.0000
Polaris 1/21/97 40,000 10.0000
1/24/97 100,000 9.8800
The Common Stock transactions noted above were executed by the Reporting
Persons in the over-the-counter market through brokerage transactions in the
ordinary course of business.
(d) Except as set forth above, no other person is known to have the
right to receive or the power to direct the receipt of dividends from, or the
proceeds from the sale of, such securities.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
Except as described in Items 2 and 5, none of the Reporting Persons is a
party to any contract, arrangement, understanding or relationship with respect
to any securities of MLC.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Filed herewith as Exhibit I is a written agreement relating to the
filing of joint acquisition statements as required by Rule 13d-1(f)(1) of the
Act.
Page 14 of 18 Pages
<PAGE>
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief,
the undersigned certify that the information set forth in this statement is
true, complete and correct.
DATED: February 27, 1997 GALLEON PARTNERS, L.P.
By: Galleon Advisors, L.L.C.
General Partner
By: /s/ Raj Rajaratnam
_____________________________
Raj Rajaratnam
Managing Member
GALLEON INTERNATIONAL FUND, LTD.
By: Galleon Management, L.P.
Management Company
By: Galleon Management, L.L.C.
General Partner
By: /s/ Raj Rajaratnam
_____________________________
Raj Rajaratnam
Managing Member
GALLEON OMNI FUND, LTD.
By: Galleon Management, L.P.
Management Company
By: Galleon Management, L.L.C.
General Partner
By: /s/ Raj Rajaratnam
_____________________________
Raj Rajaratnam
Managing Member
Page 15 of 18 Pages
<PAGE>
POLARIS PRIME TECHNOLOGY, L.P.
By: Galleon Management, L.P.
Management Company
By: Galleon Management, L.L.C.
General Partner
By: /s/ Raj Rajaratnam
___________________________
Raj Rajaratnam
Managing Member
GALLEON MANAGEMENT, L.P.
By: Galleon Management, L.L.C.
General Partner
By: /s/ Raj Rajaratnam
_____________________________
Raj Rajaratnam
Managing Member
GALLEON MANAGEMENT, L.L.C.
By: /s/ Raj Rajaratnam
_____________________________
Raj Rajaratnam
Managing Member
GALLEON ADVISORS, L.L.C.
By: /s/ Raj Rajaratnam
_____________________________
Raj Rajaratnam
Managing Member
RAJ RAJARATNAM
By: /s/ Raj Rajaratnam
_____________________________
Raj Rajaratnam
Page 16 of 18 Pages
<page
EXHIBIT I
JOINT ACQUISITION STATEMENT
PURSUANT TO RULE 13D-1(F)(1)
The undersigned acknowledge and agree that the foregoing statement on Schedule
13D is filed on behalf of each of the undersigned and that all subsequent
amendments to this statement on Schedule 13D shall be filed on behalf of each
of the undersigned without the necessity of filing additional joint
acquisition statements. The undersigned acknowledge that each shall be
responsible for the timely filing of such amendments, and for the completeness
and accuracy of the information concerning it contained therein, but shall not
be responsible for the completeness and accuracy of the information concerning
the others, except to the extent that it knows or has reason to believe that
such information is inaccurate.
DATED: February 27, 1997 GALLEON PARTNERS, L.P.
By: Galleon Advisors, L.L.C.
General Partner
By: /s/ Raj Rajaratnam
_____________________________
Raj Rajaratnam
Managing Member
GALLEON INTERNATIONAL FUND, LTD.
By: Galleon Management, L.P.
Management Company
By: Galleon Management, L.L.C.
General Partner
By: /s/ Raj Rajaratnam
______________________________
Raj Rajaratnam
Managing Member
GALLEON OMNI FUND, LTD.
By: Galleon Management, L.P.
Management Company
By: Galleon Management, L.L.C.
General Partner
By: /s/ Raj Rajaratnam
_____________________________
Raj Rajaratnam
Managing Member
Page 17 of 18 Pages
<PAGE>
POLARIS PRIME TECHNOLOGY, L.P.
By: Galleon Management, L.P.
Management Company
By: Galleon Management, L.L.C.
General Partner
By: /s/ Raj Rajaratnam
_____________________________
Raj Rajaratnam
Managing Member
GALLEON MANAGEMENT, L.P.
By: Galleon Management, L.L.C.
General Partner
By: /s/ Raj Rajaratnam
_____________________________
Raj Rajaratnam
Managing Member
GALLEON MANAGEMENT, L.L.C.
By: /s/ Raj Rajaratnam
_____________________________
Raj Rajaratnam
Managing Member
GALLEON ADVISORS, L.L.C.
By: /s/ Raj Rajaratnam
_____________________________
Raj Rajaratnam
Managing Member
RAJ RAJARATNAM
By: /s/ Raj Rajaratnam
_____________________________
Raj Rajaratnam
Page 18 of 18 Pages
<PAGE>
