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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b),
(c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)
Aureal Semiconductor Inc.
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(Name of Issuer)
Common Stock, $0.001 par value
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(Title of Class of Securities)
051917102
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(CUSIP Number)
Appaloosa Management L.P.
26 Main Street
Chatham, New Jersey 07928
Attn: Kenneth Maiman, Esq.
Telephone (973) 701-7000
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(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
May 4, 1998
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(Date of Event which Requires Filing of this
Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
/ / Rule 13d-1(b)
/X/ Rule 13d-1(c)
/ / Rule 13d-1(d)
*This statement replaces the filers' prior statement filed on Schedule 13D.
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SCHEDULE 13G
CUSIP NO. 501917102 PAGE 2 OF 5 PAGES
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Appaloosa Management L.P.
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
NUMBER OF 5,630,074
SHARES 6 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY 7 SOLE DISPOSITIVE POWER
EACH 5,630,074
REPORTING 8 SHARED DISPOSITIVE POWER
PERSON 0
WITH
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,630,074
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.4%
12 TYPE OF REPORTING PERSON
PN**
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
**See Item 4.
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SCHEDULE 13G
CUSIP NO. 501917102 PAGE 3 OF 5 PAGES
13 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
David A. Tepper
14 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [X]
15 SEC USE ONLY
16 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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17 SOLE VOTING POWER
NUMBER OF 5,630,074
SHARES 18 SHARED VOTING POWER
BENEFICIALLY 0
OWNED BY 19 SOLE DISPOSITIVE POWER
EACH 5,630,074
REPORTING 20 SHARED DISPOSITIVE POWER
PERSON 0
WITH
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21 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,630,074
22 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
[ ]
23 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
13.4%
24 TYPE OF REPORTING PERSON
IN**
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
**See Item 4.
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Page 4 of 5
This statement replaces the filers' prior statement filed on Schedule 13D.
Item 1(a). Name of Issuer:
Aureal Semiconductor Inc.
Item 1(b). Address of Issuer's Principal Executive Offices:
4245 Technology Drive, Fremont, California 94538
Item 2(a). Name of Person Filing:
Appaloosa Management L.P. and David A. Tepper
Item 2(b). Address of Principal Business Office or, if None, Residence:
Appaloosa Management L.P., 26 Main Street, Chatham,
New Jersey 07928
David A. Tepper, c/o Appaloosa Management L.P., 26 Main Street,
Chatham, New Jersey 07928
Item 2(c). Citizenship:
Appaloosa Management L.P. - Delaware
David A. Tepper - United States of America
Item 2(d). Title of Class of Securities:
Common Stock, $0.001 par value
Item 2(e). CUSIP Number: 051917102
Item 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b) OR
13d-2(b) or (c), CHECK WHETHER THE PERSON FILING IS A: Not
applicable. This statement is filed pursuant to 13d-1(c).
Item 4. OWNERSHIP:
(a) 5,630,074*
(b) 13.4%
(c) (i) sole voting power: 5,630,074
(ii) shared voting power: 0
(iii) sole dispositive power: 5,630,074
(iv) shared dispositive power: 0
*Appaloosa Management L.P. ("AMLP") is the general partner of Appaloosa
Investment Limited Partnership I and the investment advisor to Palomino Fund
Ltd, which are the holders of record of the reported securities (2,815,037 and
2,815,037 units, respectively). David A. Tepper ("DAT") is the sole stockholder
and president of Appaloosa Partners Inc. ("API"). API is the general partner of
AMLP and DAT owns a majority of the limited partnership interests of AMLP.
Item 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
Not applicable.
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Page 5 of 5
Item 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
Persons other than David A. Tepper and Appaloosa Management L.P.
have the right to receive dividends from, or the proceeds from the
sale of, the reported securities. None of these persons has the
right to direct such dividends or proceeds.
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: 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 not acquired and are
not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not
acquired and are not held in connection with or as a participant in
any transaction having that 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.
May 4 ,1998
APPALOOSA MANAGEMENT L.P.
By: Appaloosa Partners Inc.
Its: General Partner
By: /s/ David A. Tepper
David A. Tepper
President
DAVID A. TEPPER
/s/ David A. Tepper
