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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Envirotest Systems Corp.
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(Name of Issuer)
Class A Common Stock
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(Title of Class of Securities)
29409W105
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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)
March 20, 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 amends and replaces the filers' prior statement filed on
Schedule 13D.
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SCHEDULE 13G
CUSIP NO. 29409W105 PAGE 2 OF 6 PAGES
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1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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Appaloosa Management L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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5 SOLE VOTING POWER
692,000
NUMBER OF -----------------------------------------------------------
SHARES 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH -----------------------------------------------------------
REPORTING 7 SOLE DISPOSITIVE POWER
PERSON
WITH 692,000
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8 SHARED DISPOSITIVE POWER
0
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
692,000
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.31%
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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. 29409W105 PAGE 3 OF 6 PAGES
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13 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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David A. Tepper
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14 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) / /
(b) / /
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15 SEC USE ONLY
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16 CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America
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17 SOLE VOTING POWER
692,000
NUMBER OF -----------------------------------------------------------
SHARES 18 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
EACH -----------------------------------------------------------
REPORTING 19 SOLE DISPOSITIVE POWER
PERSON
WITH 692,000
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20 SHARED DISPOSITIVE POWER
0
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21 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
692,000
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22 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* / /
- --------------------------------------------------------------------------------
23 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
8.31%
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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 6
This statement amends and replaces the filers' prior statement filed on Schedule
13D.
Item 1(a). Name of Issuer:
Envirotest Systems Corp.
Item 1(b). Address of Issuer's Principal Executive Offices:
246 Sobrante Way, Sunnyvale, California 94086
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:
Class A Common Stock
Item 2(e). CUSIP Number:
29409W105
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) 692,000*
(b) 8.31%
(c) (i) sole voting power: 692,000
(ii) shared voting power: 0
(iii) sole dispositive power: 692,000
(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 (373,818 and
318,182 shares, 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 6
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.
March 20 ,1998
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APPALOOSA MANAGEMENT L.P.
By: Appaloosa Partners Inc.
Its: General Partner
By: /s/ David A. Tepper
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David A. Tepper
President
DAVID A. TEPPER
/s/ David A. Tepper
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SEE AGREEMENT ATTACHED AS EXHIBIT A
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Page 6 of 6
EXHIBIT A
JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of
1934, as amended, the persons named below each hereby agrees that the Schedule
13G filed herewith and any amendments thereto relating to the acquisition of
shares of beneficial interest of Envirotest Systems Corp. is filed jointly on
behalf of each such person.
Dated: March 20, 1998
APPALOOSA MANAGEMENT L.P.
By: Appaloosa Partners Inc.
Its: General Partner
By: /s/ David A. Tepper
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David A. Tepper
President
DAVID A. TEPPER
/s/ David A. Tepper
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