SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1 )*
Neose Technologies, Inc.
(Name of Issuer)
Common Stock $.01 Par Value
(Title of Class Securities)
640522108
(CUSIP Number)
Check the following box if a fee is being paid with this statement .
(A fee is not required only if the filing 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.)
* 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 disclosure 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).
(1)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CUSIP No. 640522108
1) Names of Reporting Persons S.S. or I.R.S.
Identification Nos. of Above Persons:
Kopp Investment Advisors, Inc.
I.D. No. 41-1663810
2) Check the appropriate box if a Member of a Group
(See Instructions)
(a)
(b)
3) SEC Use Only
4) Citizenship or Place of Organization:
Minnesota
Number of shares 5) Sole Voting Power: 854,500
Beneficially Owned
by Each Reporting
Person With: 6) Shared Voting Power:
7) Sole Dispositive Power: 712,000
8) Shared Dispositive Power:
* 1,350,300
9) Aggregate Amount Beneficially Owned by Each Reporting Person:
2,062,300
10) Check Box if the Aggregate Amount in Row (9)
Excludes Certain Shares (See Instructions)
11) Percent of Class Represented by Amount in Row 9:
Approx. 14.8%
12) Type of Reporting Person (See Instructions): IA
*Although Kopp Investment Advisors, Inc. exercises investment discretion as
to these shares, it is not the record owner of them.
(2)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CUSIP No. 640522108
1) Names of Reporting Persons S.S. or I.R.S.
Identification Nos. of Above Persons:
Kopp Holding Company
I.D. No. 41-1875362
2) Check the appropriate box if a Member of a Group
(See Instructions)
(a)
(b)
3) SEC Use Only
4) Citizenship or Place of Organization:
Minnesota
Number of shares 5) Sole Voting Power:
Beneficially Owned
by Each Reporting
Person With: 6) Shared Voting Power:
7) Sole Dispositive Power:
8) Shared Dispositive Power:
9) Aggregate Amount Beneficially Owned by Each Reporting Person:
2,062,300
10) Check Box if the Aggregate Amount in Row (9)
Excludes Certain Shares (See Instructions)
11) Percent of Class Represented by Amount in Row 9:
Approx. 14.8%
12) Type of Reporting Person (See Instructions): HC
(2a)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CUSIP No. 640522108
1) Names of Reporting Persons S.S. or I.R.S.
Identification Nos. of Above Persons:
LeRoy C. Kopp
2) Check the appropriate box if a Member of a Group
(See Instructions)
(a)
(b)
3) SEC Use Only
4) Citizenship or Place of Organization:
United States
Number of shares 5) Sole Voting Power: 65,000
Beneficially Owned
by Each Reporting
Person With: 6) Shared Voting Power:
7) Sole Dispositive Power: 65,000
8) Shared Dispositive Power:
9) Aggregate Amount Beneficially Owned by Each Reporting Person:
2,127,300
10) Check Box if the Aggregate Amount in Row (9)
Excludes Certain Shares (See Instructions)
11) Percent of Class Represented by Amount in Row 9:
Approx. 15.2%
12) Type of Reporting Person (See Instructions): IN
(2b)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CUSIP No. 640522108
1) Names of Reporting Persons S.S. or I.R.S.
Identification Nos. of Above Persons:
Kopp Emerging Growth Fund
I.D. 39-1906915
2) Check the appropriate box if a Member of a Group
(See Instructions)
(a)
(b)
3) SEC Use Only
4) Citizenship or Place of Organization:
United States
Number of shares 5) Sole Voting Power:
Beneficially Owned
by Each Reporting
Person With: 6) Shared Voting Power:
7) Sole Dispositive Power:
8) Shared Dispositive Power:
9) Aggregate Amount Beneficially Owned by Each Reporting Person:
700,000
10) Check Box if the Aggregate Amount in Row (9)
Excludes Certain Shares (See Instructions)
11) Percent of Class Represented by Amount in Row 9:
Approx. 5.0%
12) Type of Reporting Person (See Instructions): IV
(2c)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Item 1(a). Name of Issuer.
Neose Technologies, Inc.
Item 1(b). Address of Issuer's Principal Executive
Offices.
102 Witmer Road
Horsham, PA 19044
Item 2(a). Name of Person Filing.
1. Kopp Investment Advisors, Inc.
2. Kopp Holding Company
3. LeRoy C. Kopp
4. Kopp Emerging Growth Fund
This Statement is filed by Kopp Investment Advisors, Inc.,
("KIA") on behalf of all of the above persons pursuant to Rule
13d-1(k). Attached is an agreement in writing among the above
persons that this Statement be so filed on behalf of each of them.
KIA is an investment adviser registered under the Investment
Advisers Act of 1940. It is wholly-owned by Kopp Holding
Company (KHC), which is wholly-owned by Mr. Kopp. Kopp
Emerging Growth Fund (KEGF) is a registered investment
company that has an investment advisor agreement with KIA.
Item 2(b),2(c),2(d), and 2(e). Address of Principal Business Office;
Citizenship; Title of Class of Securities; CUSIP Number.
All reporting persons may be contacted at 7701 France Avenue
South, Suite 500, Edina, MN 55435. Kopp Investment Advisors,
Inc., Kopp Holding Company and Kopp Funds (of which
KEGF is a series) are Minnesota corporations. Mr. Kopp
is a United States citizen. This report pertains to the Common
Shares, $.01 par value, of Neose Technologies, Inc.,
CUSIP #640522108
Item 3. This statement is filed pursuant to Rule 13d-1(b). The
persons filing are an investment adviser registered under
Section 203 of the Investment Advisors Act of 1940 and
a parent holding company and control person in accordance
with 13d-1 (b) (ii) (G).
(3)
Item 4. Ownership as of 11/30/00 :
The information contained in Items 5 - 11 on the
cover pages is incorporated herein by reference.
The filing of this Statement shall NOT be construed as an
admission that the persons filing are beneficial owners
of the shares covered by this Statement for any purpose,
including purposes of Sections 13, 14 or 16 of the
Securities Exchange Act of 1934, as amended.
Item 5. Ownership of Five Percent or Less of a
Class.
N/A
Item 6. Ownership of More than Five Percent on
Behalf of Another Person.
Of the shares beneficially owned by KIA, KHC, and Mr. Kopp,
2,050,300 are held in a fiduciary or representative capacity.
Accordingly, persons other than the reporting persons have the right to
receive, or the power to direct the receipt of, dividends from, or the
proceeds from the sale of, such sales. Other than KEGF, no person
individually has an interest that relates to more than five percent of the
class.
Item 7. Identification and Classification of the Subsidiary which
Acquired the Security Being Reported on By the Parent
Holding Company.
N/A
Item 8. Identification and Classification of
Members of the Group.
N/A
Item 9. Notice of Dissolution of Group.
N/A
(4)
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.
Signature.
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete
and correct.
Date: December 7, 2000
KOPP INVESTMENT ADVISORS, INC.
By:
John P. Flakne, Chief Financial Officer
(5)
AGREEMENT
The undersigned hereby agrees that the Statement on Schedule 13G to
which this Agreement is attached be filed on behalf of Kopp Investment
Advisors, Inc., a Minnesota corporation; Kopp Holding Company, a
Minnesota Corporation, of which Kopp Investment Advisors, Inc. is
a wholly-owned subsidiary; LeRoy C. Kopp, who holds 100% of
the outstanding capital stock of Kopp Holding Company; and Kopp
Funds, Inc., a Minnesota Corporation.
Dated: 12/07/00
KOPP INVESTMENT ADVISORS, INC.
By:
LeRoy C. Kopp
Title: President
LeRoy C. Kopp
KOPP HOLDING COMPANY
By:
LeRoy C. Kopp, President
KOPP FUNDS, INC.
By:____________________________
LeRoy C. Kopp, President
(6)
