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Previous: CORAM HEALTHCARE CORP, SC 13D/A, EX-1, 2000-10-13 |
Next: DIAMOND TECHNOLOGY PARTNERS INC, 11-K, EX-23, 2000-10-13 |
<PAGE>
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
FORM 11-K
(MARK ONE)
[X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934 (NO FEE REQUIRED) FOR THE FISCAL YEAR ENDED DECEMBER 31, 1999
[_] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934 (NO FEE REQUIRED)
FOR THE TRANSITION PERIOD FROM ______________ TO ______________
000-22125
(COMMISSION FILE NUMBER)
A. FULL TITLE OF THE PLAN AND THE ADDRESS OF THE PLAN, IF DIFFERENT FROM THAT
OF THE ISSUER NAMED BELOW:
DIAMOND TECHNOLOGY PARTNERS INCORPORATED 401(k) PLAN
B. NAME OF ISSUER OF THE SECURITIES HELD PURSUANT TO THE PLAN AND THE ADDRESS
OF ITS PRINCIPAL EXECUTIVE OFFICE:
DIAMOND TECHNOLOGY PARTNERS INCORPORATED
875 NORTH MICHIGAN AVENUE, SUITE 3000
CHICAGO, ILLINOIS 60611
<PAGE>
DIAMOND TECHNOLOGY PARTNERS
INCORPORATED 401(k) PLAN
Table of Contents
<TABLE>
<CAPTION>
Page
<S> <C>
Independent Auditors' Report 1
Financial Statements:
Statement of Net Assets Available for Plan Benefits as of
December 31, 1999 and 1998 2
Statement of Changes in Net Assets Available for Plan Benefits
for the years ended December 31, 1999 and 1998 3
Notes to Financial Statements 4
Schedules
1 Schedule of Assets Held for Investment Purposes at End of Year 8
</TABLE>
<PAGE>
Independent Auditors' Report
The Trustees of the
Diamond Technology Partners
Incorporated 401(k) Plan:
We have audited the accompanying statements of net assets available for plan
benefits of Diamond Technology Partners Incorporated 401(k) Plan (the Plan) as
of December 31, 1999 and 1998, and the related statements of changes in net
assets available for plan benefits for the years then ended. These financial
statements are the responsibility of the Plan's management. Our responsibility
is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with auditing standards generally accepted
in the United States of America. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement. An audit includes examining, on a
test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audits provide a
reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in
all material respects, the net assets available for plan benefits as of December
31, 1999 and 1998, and the changes in net assets available for plan benefits for
the years then ended in conformity with accounting principles generally accepted
in the United States of America.
Our audits were performed for the purpose of forming an opinion on the basic
financial statements taken as a whole. The supplemental schedule of assets held
for investment purposes as of December 31, 1999 is presented for the purpose of
additional analysis and is not a required part of the basic financial statements
but is supplementary information required by the Department of Labor's Rules and
Regulations for Reporting and Disclosure under the Employee Retirement Income
Security Act of 1974. The supplementary schedule is the responsibility of Plan's
management and has been subjected to the auditing procedures applied in the
audit of the basic financial statements and, in our opinion, is fairly stated in
all material respects in relation to the basic financial statements taken as a
whole.
/s/ KPMG LLP
Chicago, Illinois
October 3, 2000
<PAGE>
DIAMOND TECHNOLOGY PARTNERS
INCORPORATED 401(k) PLAN
Statement of Net Assets Available for Plan Benefits
December 31, 1999 and 1998
<TABLE>
<CAPTION>
1999 1998
------------- ----------
<S> <C> <C>
Assets:
Investments, at fair value:
Money market fund $ 413,146 86,185
Domestic equity fund 8,935,473 5,990,270
International equity fund 1,125,845 855,143
Fixed income fund 191,278 151,987
Personal choice common and preferred stocks 8,837,164 2,692,545
Personal choice money market fund 1,666,332 743,667
Personal choice mutual funds 1,328,832 582,716
Personal choice bond 44,391 998
Participant notes receivable 237,561 263,827
------------- ----------
Total investments 22,780,022 11,367,338
Cash and cash equivalents 8,365 1,334
Contributions receivable - participant 80,043 --
Participant notes interest receivable 749 --
Dividend receivable 1,007 573
------------- ----------
Net assets available for plan benefits $ 22,870,186 11,369,245
============= ==========
</TABLE>
See accompanying notes to financial statements.
2
<PAGE>
DIAMOND TECHNOLOGY PARTNERS
INCORPORATED 401(k) PLAN
Statement of Changes in Net Assets Available for Plan Benefits
December 31, 1999 and 1998
<TABLE>
<CAPTION>
1999 1998
--------------- -------------
<S> <C> <C>
Additions to net assets attributed to:
Interest income $ 65,752 27,781
Dividend income 714,631 185,900
Net appreciation in fair value
of investments 7,993,940 1,056,568
Contributions - participant 2,726,800 1,907,546
Contributions - rollover 1,290,821 1,089,550
Interest on loans receivable from participants 21,532 17,468
Other income -- 1,944
----------- ----------
Total additions 12,813,476 4,286,757
----------- ----------
Deductions from net assets attributable to:
Benefits paid to participants 1,300,376 210,773
Trustee/recordkeeper fees 12,159 1,911
----------- ----------
Total deductions 1,312,535 212,684
----------- ----------
Increase in net assets
available for plan benefits 11,500,941 4,074,073
Net assets available for plan benefits:
Beginning of year 11,369,245 7,295,172
----------- ----------
End of year $22,870,186 11,369,245
=========== ==========
</TABLE>
See accompanying notes to financial statements.
3
<PAGE>
DIAMOND TECHNOLOGY PARTNERS
INCORPORATED 401(k) PLAN
Notes to Financial Statements
December 31, 1999 and 1998
(1) Description of Plan
The following brief description of the Diamond Technology Partners
Incorporated 401(k) Plan (Plan) is provided for general information
purposes only. Participants should refer to the Plan agreement for more
complete information. The plan was amended in its entirety and restated
effective October 5, 1998.
(a) General
The Plan is a voluntary defined contribution plan for all eligible
employees of Diamond Technology Partners Incorporated (Company) who
meet the minimum age and service requirements specified in the Plan
agreement. The Plan is subject to the provisions of the Employee
Retirement Income Security Act of 1974 (ERISA). The number of
employees participating in the Plan totaled 651 and 362 at December
31, 1999 and 1998, respectively.
(b) Contributions
Each year, participants may contribute up to 15% of pretax annual
compensation, as defined in the Plan. Participants may also contribute
amounts representing distributions from other qualified defined-
benefit or contribution plans. Additional amounts may be contributed
at the option of the Plan's trustees. Contributions are limited in
accordance with IRS regulations. No Company contributions have been
made to date.
(c) Participant Accounts
Each participant's account is credited with the participant's
contribution and an allocation of Plan earnings and Company
contributions, if any. Allocations are based on participant earnings
or account balances, as defined. The benefit to which a participant is
entitled is the benefit that can be provided from the participant's
account.
(d) Vesting
Participants are immediately vested in their voluntary contributions
plus actual earnings thereon. Any Company contributions are
immediately vested.
(e) Payment of Benefits
On termination of service due to death, disability, or retirement, and
if the vested account balance exceeds $5,000, a participant may elect
to receive either a lump-sum amount equal to the value of the
participant's vested interest in his or her account, or annual
installments over a specified period of time not exceeding the life
expectancy of the designated beneficiary. If the vested account
balance is less than $5,000, the beneficiary will receive a lump-sum
distribution.
For termination of service due to other reasons, a participant may
receive the value of the vested interest in his or her account as a
lump-sum distribution.
4
<PAGE>
DIAMOND TECHNOLOGY PARTNERS
INCORPORATED 401(k) PLAN
Notes to Financial Statements
December 31, 1999 and 1998
(f) Administrative Expenses
Administrative expenses amounting to $12,800 and $17,470 in 1999 and
1998, respectively, have been directly paid by the Company. It is not
the intention of the Company to obtain reimbursement from the Plan for
these payments.
(g) Participant Notes Receivable
Participants may borrow a minimum of $1,000 to a maximum equal to the
lesser of $50,000 or 50% of their vested account balance. Loan
transactions are treated as a transfer from the investment fund to the
Participant Notes fund. Loan terms range from one to five years, and
up to 15 years for the purchase of a primary residence. The loans are
secured by the balance in the participant's account and bear interest
at a rate commensurate with the local prevailing rates as determined
quarterly by the Plan administrator. Interest rates range from 8.25%
to 10.5%. Principal and interest are paid ratably through bimonthly
payroll deductions.
(2) Summary of Significant Accounting Policies
(a) Basis of Accounting
The financial statements of the Plan are prepared under the accrual
method of accounting.
(b) Use of Estimates
The preparation of financial statements in conformity with generally
accepted accounting principles requires management to make estimates
and assumptions that affect the reported amounts of net assets
available for plan benefits and disclosure of contingent assets and
liabilities at the date of the financial statements, and the reported
amounts of changes in net assets available for plan benefits during
the reporting period. Actual results could differ from those
estimates.
(c) Investment Valuation and Income Recognition
The assets of the Plan are held by the Plan Custodian. The Plan's
investments are recorded at fair value based on quoted market prices.
Purchases and sales of securities are recorded on a trade-date basis.
Realized gains and losses from security transactions are reported on
the average cost method. Participant notes receivable are valued at
cost, which approximates fair value. Interest and dividend income on
investments is recognized as earned.
(d) Payment of Benefits
Benefits are recorded when paid.
(e) Reclassifications
Where appropriate certain items relating to the prior year have been
reclassified to conform to the current year presentation.
5
<PAGE>
DIAMOND TECHNOLOGY PARTNERS
INCORPORATED 401(k) PLAN
Notes to Financial Statements
December 31, 1999 and 1998
(3) Investments Exceeding 5% of Net Assets
The Plan's investments which exceed 5% of net assets available for plan
benefits as of December 31, 1999 and 1998 are as follows:
<TABLE>
<CAPTION>
December 31,
------------------------------
Description 1999 1998
----------------------------------------- ------------- -----------
<S> <C> <C>
Baron Asset Fund $ 2,517,521 2,052,647
Founders Growth Fund 3,533,515 2,180,311
Ivy International Fund 1,125,845 855,143
Schwab 1000 Fund 2,416,502 1,367,295
Personal Choice money market 1,561,391 743,667
Diamond Technology Partners Class A* 2,576,406 759,836
Safeguard Scientifics, Inc.* - 503,423
</TABLE>
*Represents a party-in-interest
(4) Distributions Due to Participants
As of December 31, 1999 and 1998, there were $12 and $42,655, respectively,
due to terminated or inactive participants.
(5) Tax Status
The Plan obtained its latest determination letter on May 15, 1997 in which
the Internal Revenue Service informed the Company that the Plan, as amended
on December 13, 1996, is designed in accordance with the applicable
sections of the Internal Revenue Code (IRC), including the amendments
required by the Tax Reform Act of 1986. The Plan has been amended and
restated since receiving the determination letter. However, the Plan's
Trustees and administrator believe that the Plan is designed and is
currently being operated in compliance with the applicable requirements of
the IRC.
(6) Plan Termination
While the Company has not expressed any intent to terminate the Plan, they
are free to do so at any time, subject to the provisions set forth in
ERISA.
(7) Plan Amendment
Effective January 1, 1998, the Plan was amended as a result of the change
in recordkeeper from Small Parker Blossom to Charles Schwab. The Plan was
subsequently amended effective October 5, 1998 to modify the number of
participant loans an individual may have outstanding at a time.
6
<PAGE>
DIAMOND TECHNOLOGY PARTNERS
INCORPORATED 401(k) PLAN
Notes to Financial Statements
December 31, 1999 and 1998
(8) New Accounting Pronouncements
In 1999 the Plan adopted Statement of Position 99-3, Accounting for and
Reporting of Certain Defined Contribution Benefit Plan Investments and
Other Disclosure Matters (SOP 99-3) issued by the American Institute of
Certified Public Accountants (AICPA). SOP 99-3 establishes accounting and
reporting standards for defined contribution benefit plans, such as the
Plan to simplify disclosures for certain investments and supercedes AICPA
Practice Bulletin 12, Reporting Separate Investment Fund Option Information
of Defined-Contribution Pension Plans. All prior year balances have been
reclassified in accordance with SOP 99-3.
7
<PAGE>
Schedule 1
DIAMOND TECHNOLOGY PARTNERS
INCORPORATED 401(k) PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 1999
<TABLE>
<CAPTION>
Description of
investment
including
number of shares
or face value in
dollars, interest rate
and maturity date Fair value
---------------------- ----------
<S> <C> <C>
Money market funds:
Schwab Money Market Fund 413,146 $ 413,146
------------ ----------
Total money market funds 413,146 413,146
------------ ----------
Domestic equity funds:
Baron Asset Fund 42,837 2,517,522
Founders Growth Fund 148,032 3,533,515
Investco Total Return Fund 16,158 467,934
Schwab 1000 59,993 2,416,502
------------ ----------
Total domestic equity funds 267,020 8,935,473
------------ ----------
International equity funds:
Ivy International Fund 23,908 1,125,845
------------ ----------
Total international equity funds 23,908 1,125,845
------------ ----------
Fixed income funds:
Strong Government Securities Fund 18,976 191,278
------------ ----------
Total fixed income funds 18,976 191,278
------------ ----------
Personal choice account mutual funds:
Amcent 20th Centy Intl Discovery Fund 652 11,193
Amcent Equity Growth 2,456 64,421
Amcent Income & Growth 1,721 58,615
Amercian Centy Global Growth 770 7,552
Amerindo technology Fund 283 9,381
Baron Asset Fund 88 5,167
Berger New Generation Fund 621 21,585
Berger Select Fund 529 13,232
Calvert Income Fund 595 9,957
Cohen & Steers Realty Shares 916 33,815
Dreyfus Emerging Leaders 661 10,251
Dreyfus Midcap Index Fund 756 16,594
Dreyfus Technology Growth Fund 240 12,772
Firsthand Tech Leaders Fund 119 5,298
</TABLE>
8
<PAGE>
Schedule 1,Cont.
DIAMOND TECHNOLOGY PARTNERS
INCORPORATED 401(k) PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 1999
<TABLE>
<CAPTION>
Description of
investment
including
number of shares
or face value in
dollars, interest rate
and maturity date Fair value
---------------------- ----------
<S> <C> <C>
Personal choice account mutual funds (cont.):
Firsthand Technology Value Fund 57 $ 5,195
Fremont US Micro Cap Fund 474 18,662
H&Q IPO & Emerging Company Fund 742 10,528
Internet Fund 461 22,911
Invesco High Yield Fund 1,606 10,327
Invesco Small Company Value Fund 270 5,034
Janus Equity Income Fund 2,231 56,079
Janus Fund 286 12,598
Janus Global Life Science Fund 804 12,943
Janus Global Technology Fund 1,754 54,239
Janus Growth & Income 2,216 92,958
Janus Mercury Fund 78 3,439
Janus Olympus Fund 292 15,533
Janus Overseas Fund 251 9,334
Janus Special Situation Fund 73 1,684
Janus Twenty Fund 387 32,274
Janus Worldwide Fund 600 45,861
Latin Amern Discovery Fund 1,000 10,688
Marisco Focus Fund 822 19,283
MAS FDS 43 2,166
Merger Fund 646 9,505
MFS Mass Investors Growth 249 5,066
Millennium Growth & Income Fund 78 1,514
Montgomery Emerging Markets 169 2,198
Montgomery Growth Fund 239 5,129
Munder Netnet Fund Cl A 50 3,846
Oakmark Select Fund 1,203 22,154
Rowe T Price Emerging 641 6,477
Royce Micro Cap Fund 2,061 19,582
RS Emerging Growth Fund 378 22,901
Rydex Series Nova Fund 246 10,118
Schwab Capital Samll-cap Index Fund 59 1,193
Schwab Intl Index Fund 52 1,053
</TABLE>
9
<PAGE>
Schedule 1, Cont.
DIAMOND TECHNOLOGY PARTNERS
INCORPORATED 401(k) PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 1999
<TABLE>
<CAPTION>
Description of
investment including
number of shares
or face value in
dollars, interest
rate and maturity date Fair value
---------------------- ----------
<S> <C> <C>
Personal choice account mutual funds (cont.):
Schwab S&P 500 Inv Shs 1,801 $ 40,726
Schwab Total BD Mkt Index Fund 1,480 14,086
Schwab U.S. Govt BD fund 1,049 10,065
Scudder Greater Europe 285 10,114
Scudder International Fund 878 62,145
Strong Growth & Income Fund 305 8,726
Strong Opportunity Fund 125 5,596
Strong Total Return Fund 1,946 91,674
T Rowe Price Science & Technology Fund 276 17,566
Templeton China World Fd 210 1,680
Templeton Dragon Fund 1,663 16,323
Turner Micro Cap Growth 321 10,337
UMB Scout Worldwide Fund 53 1,257
Vanguard Growth Index Fund 3,153 124,325
Vanguard Index Trust 500 Portfoliop 245 33,222
Warburg Pincus Cap Appreciation Fund 224 6,562
Warburg Pincus Global 144 10,362
Warburg Pincus Japan Growth Fund Inc 364 12,575
Westport Small Cap Fund 244 4,014
59 Wall Str Pac Basin EQ 224 10,606
NASDAQ 100 Trust 25 4,566
-------- ---------
Total personal choice account mutual funds 45,943 1,328,832
-------- ---------
Personal choice account common and preferred stocks:
AT&T Corporation 836 42,492
Abercrombie & Fitch Cl A 400 10,675
Acxiom Corp. 600 14,400
Alloy Online Inc. 500 7,875
Allstate Corp. 1,000 24,063
Amazon Com Inc. 483 36,768
America Online Delaware 3,502 265,714
American Ecology Corp. 6,500 10,969
American Express Co. 300 49,875
American Home Products 26 1,021
American International Group 375 40,547
American Technology Corp. 860 5,187
</TABLE>
(Continued)
10
<PAGE>
Schedule 1, Cont.
DIAMOND TECHNOLOGY PARTNERS
INCORPORATED 401(k) PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 1999
<TABLE>
<CAPTION>
Description of
investment including
number of shares
or face value in
dollars, interest
rate and maturity date Fair value
---------------------- ----------
<S> <C> <C>
Personal choice account common and preferred stocks (cont.):
Ameritrade Holding Cp 625 $ 13,555
Amgen Inc. 64 3,844
Ariba Inc. 520 92,235
ASD Systems Inc. 200 3,550
Ashworth 500 2,063
Ask Jeeves Inc. 200 22,588
At Home Corp Cl A 652 27,955
Avant Corp. 1,000 15,000
Bank Amer Corp. 48 2,433
Bank One Corp 823 26,348
Barnes & Noble 500 10,313
Berkshire Hathaway, Inc. 30 54,900
Billing Concepts Corp. 3,000 19,500
Black Box Corp. 100 6,700
Bristol Myers Squibb Co. 300 19,256
Broadcom Corp. 50 13,619
Broadvision Inc. 300 51,019
CBS Corp. 100 6,394
Cabletron Systems, Inc. 400 10,400
Calico Commerce Inc. 200 10,600
Cambridge Technology Partners 2,295 60,244
Caremark Rx Inc. 120 608
Carleton Corp. 500 1,188
Carnegie International Corp. 3,000 20,625
Caterpillar, Inc. 147 6,925
CDW Computer Centers 700 55,038
Celestial Seasonings, Inc. 150 2,791
Cerner Corporation 2,446 48,156
Charles Schwab Corporation 2,600 99,450
Checkfree Corp. 585 61,133
Chevron Corp. 103 8,912
</TABLE>
(Continued)
11
<PAGE>
Schedule 1, Cont.
DIAMOND TECHNOLOGY PARTNERS
INCORPORATED 401(k) PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 1999
<TABLE>
<CAPTION>
Description of
investment
including
number of shares
or face value in
dollars, interest rate
and maturity date Fair value
------------------------ ----------------
Personal choice account common and preferred stocks (cont.):
<S> <C> <C>
Chromavision Med Sys Inc. 707 $ 10,782
Cisco Sys Inc. 2,380 254,958
Citigroup Inc. 816 45,430
Coca-Cola Company 400 23,300
Comfort Sys USA Inc. 300 2,213
Commerce One Inc. Del 600 117,900
Communication Intelligence Corp. New 50 413
Compaq Computer Corp. 2,138 57,870
Computer Associates Intl, Inc. 100 7,011
Computer Horizons Corp. 300 4,856
Comverse Technology 15 2,171
Concur Technologies Inc. 1,897 55,013
Conoco Inc. 500 12,375
Coram Healthcare Corp. 500 500
Corning Inc. 302 38,946
Corsair Commun Inc. 190 1,544
Cybercash Inc. 1,000 9,250
Data Broadcasting Corp. 15 124
Data Return Corp. 500 26,750
Dell Computer Corporation 1,315 67,065
Diamond Technology Partners Cl A* 29,980 2,576,406
Digex Inc. 500 34,375
Docucorp Intl, Inc. 1,824 12,825
Drkoop.Com Inc. 100 1,188
Duke Energy Corporation 201 10,082
E Digital Corp. 1,000 2,910
EMC Corp. Massachusetts 585 63,911
E Piphany Inc. 100 22,313
E Trade Group Inc. 325 8,491
Ebay Inc. 845 105,783
Ecom Ecom Com Inc. 50 50
Egain Communications Corp. 110 4,153
Emusic.Com Inc. 700 7,175
Entmnt Internet Inc. 1,000 344
</TABLE>
12
<PAGE>
Schedule 1, Cont.
DIAMOND TECHNOLOGY PARTNERS
INCORPORATED 401(k) PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 1999
<TABLE>
<CAPTION>
Description of
investment
including
number of shares
or face value in
dollars, interest rate
and maturity date Fair value
------------------------ ----------------
Personal choice account common and preferred stocks (cont.):
<S> <C> <C>
Entrade Inc. 180 $ 7,358
Excelsior-Henderson Motorcycle 100 72
Exodus Communications Inc. 260 23,091
Extreme Networks Inc. 200 16,700
Exxon Mobil Corp. 101 8,099
FDX Corporation 340 13,919
Flashnet Commun Inc. 215 1,330
Focal Communications 400 9,650
Ford Motor Company Delaware 53 2,799
Four Seasons Hotels Inc. 50 2,663
Freeshop.Com 200 9,600
F5 Networks Inc. 300 34,200
Gadzooks Inc. 100 981
General Electric Company 125 19,344
General Motors Corp. 304 22,127
Gillette Co. 955 39,324
Glenayre Technologies 1,000 11,313
Global Grossing Ltd. 870 43,500
Global LT Telecommun 300 3,713
Globix Corp. 150 9,000
Goldman Sachs Group Inc. 500 47,094
Goodyear Tire & Rubr Co. 36 998
GS Telecom Ltd. 1,000 130
Hasbro 100 1,903
Healtheon/Webmd Corp. 246 9,225
Heartport Inc. 14,880 70,680
Hewlett Packard Co. 300 34,125
Home Depot Inc. 450 30,938
Honeywell International 400 23,075
</TABLE>
13
<PAGE>
Schedule 1, Cont.
DIAMOND TECHNOLOGY PARTNERS
INCORPORATED 401(k) PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 1999
<TABLE>
<CAPTION>
Description of
investment
including
number of shares
or face value in
dollars, interest rate
and maturity date Fair value
------------------------ ----------------
Personal choice account common and preferred stocks (cont.):
<S> <C> <C>
I-Stat Corp 100 $ 1,450
Illinois Tool Works, Inc. 102 6,868
Imaging Technologies Corp. 2,300 1,438
Inet Technologies Inc. 100 6,988
Inprise Corp. 1,000 11,063
Insweb 300 7,669
Intel Corp. 1,250 102,919
Intermedia Communications, Inc 25 970
International Business Machines 37 3,991
Internet Capital Group 1,018 173,060
Intuit 300 17,981
I2 Technologies, Inc. 100 19,500
JDS Uniphase Corp. 400 64,525
Johnson & Johnson 230 21,448
Korea Thrunet Ltd. Cl A 100 6,788
Lands End Inc. 125 4,344
Level 3 Communications Inc. 200 16,375
Lionbridge Tech Inc. 200 3,650
Liposome 500 6,102
Loral Space & Communications 1,000 24,313
Lucent Technologies 260 19,500
Marvel Enter Plan WT 5 3
Marvel Enter WT W I 3 2
Marvel Enter Wts Cl B 2 --
Mattel 75 984
McDonald's Corp 1 26
MCI Worldcom Inc. 450 23,878
McLeod Class A 100 5,888
MCM Capital Group Inc. 500 1,938
Mediconsult Com Inc. 200 1,250
Metal Mgmt Inc. 500 1,875
Metromedia Fiber Network 500 23,969
</TABLE>
(Continued)
14
<PAGE>
Schedule 1, Cont.
DIAMOND TECHNOLOGY PARTNERS
INCORPORATED 401(k) PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 1999
<TABLE>
<CAPTION>
Description of
investment
including
number of shares
or face value in
dollars, interest rate
and maturity date Fair value
------------------------ ----------------
Personal choice account common and preferred stocks (cont.):
<S> <C> <C>
Micromuse Inc. 300 51,000
Microsoft Corp. 1,954 228,130
Midwest Express Holdings 225 7,172
Minnesota Mining & Manufacturing 60 5,907
Miravant Medical Technologies 450 4,191
MMC Networks Inc. 500 17,188
MMI Companies, Inc. 200 1,725
Mobius Mgmt Sys Inc. 40 318
Momentum Bus Appl Cl A 8 63
Morgan Stanley Dean Witter 100 14,275
Motorola 100 14,770
National Semiconductor Corporation 300 12,844
Netrix Corp. 18,100 270,369
Netvalue Holdings Inc. 1,000 11,000
Network Appliance Inc. 90 7,476
Network Plus Corp. 300 6,300
New Centy Energies Inc. 50 1,519
New Era of Networks Inc. 150 7,144
New York Regl Rail Corp. 2,000 800
Nexcard Inc. 200 5,775
Nextera Enterprises Inc. 4,000 51,500
Nextlink Communications Inc. Cl A 20 1,661
Nokia Corp. 12 2,293
Nortel Networks Corp. 200 20,200
Novacare Inc. 100 19
OAO Technology Solutions, Inc. 2,486 19,267
Open Mkt Inc. 100 4,513
Oracle Systems Corp. 950 106,459
Pac-west Telecomm Inc. 283 7,500
Paging Network Inc. 13,900 11,294
Peapod, Inc. 564 4,865
Penney J C Inc. 1,500 29,906
</TABLE>
15
<PAGE>
Schedule 1, Cont.
DIAMOND TECHNOLOGY PARTNERS
INCORPORATED 401(k) PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 1999
<TABLE>
<CAPTION>
Description of
investment
including
number of shares
or face value in
dollars, interest rate
and maturity date Fair value
---------------------- ----------
<S> <C> <C>
Personal choice account common and preferred stocks (cont.):
Pepsico Inc. 80 $ 2,820
Pervasive Software Inc. 500 8,469
Petsmart, Inc. 1,000 5,750
Pfizer 300 9,731
Philip Morris Companies 3,360 77,283
Pilot Network Svcs Inc. 1,000 24,000
Poore Bros Inc. 11,000 16,157
Preview Travel Inc. 50 2,606
Priceline Com Inc. 110 5,211
Pride International, Inc. 600 8,775
Primax Solutions, Inc. 150 1,284
Prism Financial Corp. 4,000 22,500
Procter & Gamble Co. 51 5,565
Project Software & Dev 200 11,100
Psinet, Inc. 300 18,525
Puma Technology Inc. 150 19,594
Qualcomm 448 78,904
Qwest Communs Intl Inc. 400 17,200
R & B Falcon Corp. 50 663
Racing Champions Corp. 6,000 26,625
Rainmaker Systems Inc. 100 2,025
Raytheon Co New Cl A 2 51
RF Micro Devices Inc. 360 24,638
SAP Aktiengesell 150 7,809
SBC Communications Inc. 177 8,629
SM & A Corp. 1,000 6,125
Safeguard Scientific Inc * 3,288 535,944
Sanchez Computer 272 11,203
Schwab Total Stk Mkt Inv 313 7,225
Siebel Systems, Inc. 728 61,152
Sigcorp, Inc. 169 3,841
Silknet Software Inc. 100 16,575
Simon Ppty Group Inc. New 1,350 30,966
</TABLE>
16
<PAGE>
Schedule 1, Cont.
DIAMOND TECHNOLOGY PARTNERS
INCORPORATED 401(k) PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 1999
<TABLE>
<CAPTION>
Description of
investment
including
number of shares
or face value in
dollars, interest rate
and maturity date Fair value
---------------------- ----------
<S> <C> <C>
Personal choice account common and preferred stocks (cont.):
Sprint Corp. $
Sprint PCS Group 75 7,688
Spyglass 500 18,961
Staples Inc. 250 5,188
Starbucks Corp. 1,360 32,980
Streamline Com Inc. 600 5,138
Sun Microsystems 290 22,457
Sycamore networks Inc. 10 3,080
S1 Corporation 100 7,813
S3 Inc. 349 4,035
TCSI Corp 95 303
Technology Solutions Co. 100 3,275
Telemate.Net Software 30 488
Telignet Inc. 100 6,175
Tellabs, Inc. 932 59,823
Tera Computer Co. 600 2,700
Tibco Software Inc. 500 76,500
Toups Tech Licensing 10,000 4,060
Tyco Intl Ltd. New 400 15,600
U S Interactive Inc. 132 5,676
UAL Corp 40 3,103
Unibanco-uniao Bncs Gdrf 100 3,013
United Parcel Service B 240 16,560
US Data Corp 500 6,938
USinternetworking Inc. 1,950 136,256
Valley Media Inc. 100 700
Verticalnet Inc. 200 32,800
Vignette Corp. 270 44,010
Virata Corp. 100 2,988
Vixel Corp. Del 25 427
Wal Mart Stores Inc. 480 33,180
Walgreen Co. 300 8,782
Walt Disney Holding Co 251 7,334
Weblink Wireless Cl A 2,500 38,750
Webvan Group Inc. 300 4,950
Whole Foods Mkt Inc. 100 4,638
Wit Cap Group Inc. 100 1,700
Xerox Corp. 200 4,538
Xin Net Corp. 300 1,491
</TABLE>
17
<PAGE>
Schedule 1, Cont.
DIAMOND TECHNOLOGY PARTNERS
INCORPORATED 401(k) PLAN
Schedule of Assets Held for Investment Purposes at End of Year
December 31, 1999
<TABLE>
<CAPTION>
Description of
investment
including
number of shares
or face value in
dollars, interest rate
and maturity date Fair value
----------------------- ----------
<S> <C> <C>
Personal choice account common and preferred stocks (cont.):
Yahoo Inc. 428 $ 185,190
3Com Corp 40 1,880
3DFX Interactive Inc 200 1,963
Delta Air Lines 200 4,188
E I X Trust II 1,200 29,925
O G E energy Cap I 800 20,421
-------------- -----------
Total personal choice account
common and preferred stocks 240,431 8,837,164
-------------- -----------
Personal choice account bond:
U. S. Treasury Nts 4.5%, 9/30/2000 1,000 989
Bear Strarns Co 8.0%, 11/26/2014 20,000 19,545
Bell Tel Penn 10,000 9,120
Gerogia Pac Corp. 5,000 5,040
Hilton Hotels Corp. 5,000 4,707
Lehman Gros Hldg 5,000 4,990
-------------- -----------
Total personal choice account bond 46,000 44,391
-------------- -----------
Personal choice account money market funds:
Schwab Money Market Fund 1,561,391 1,561,391
Schwab Value Advantage Money Fund 104,941 104,941
-------------- -----------
Total personal choice account
money market funds 1,666,332 1,666,332
-------------- -----------
Total personal choice account investments 1,998,706 11,876,719
-------------- -----------
Interest rates
ranging from
Participant notes receivable (Maturities ranging 8.25% to 10.5% 237,561
from January 2000 to December 2014) -----------
$22,780,022
===========
</TABLE>
* Represents a party-in-interest
See accompanying independent auditors' report
18
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Trustees of the Plan have duly caused this annual report to be signed on its
behalf by the undersigned hereunto duly authorized in the City of Chicago, State
of Illinois, on October 13, 2000.
DIAMOND TECHNOLOGY PARTNERS
INCORPORATED 401(k) PLAN
(Name of Plan)
By: /s/ MELVYN E. BERGSTEIN
Name: Melvyn E. Bergstein
Its: Trustee
By: /s/ MICHAEL E. MIKOLAJCZYK
Name: Michael E. Mikolajczyk
Its: Trustee
By: /s/ KARL E. BUPP
Name: Karl E. Bupp
Its: Trustee
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