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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G/A
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 2)*
SUMMIT DESIGN, INC.
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(NAME OF ISSUER)
COMMON STOCK
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(TITLE OF CLASS OF SECURITIES)
86605V 10 1
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(CUSIP NUMBER)
*The remainder of this cover page shall be filled out for a repotting person's
initial filing of this form with respect to this 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 "filled" 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 previsions of the Act (however, see the
Notes).
(Continued on following pages)
PAGE 1 OF 5 PAGES
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CUSIP NO. 86605V 10 1 13G
1. Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
DCL TECHNOLOGIES LTD.
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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
ISRAEL
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5.
Number of Shares Beneficially Owned by Each Reporting Person With:
6. Sole Voting Power
30,000
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7. Shared Voting Power
None
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8. Sole Dispositive Power
30,000
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9. Shared Dispositive Power
None
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10. Aggregate Amount Beneficially Owned by Each Reporting Person
30,000
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11. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
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12. Percent of Class Represented By Amount in Row (9)
0.2%
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13. Type of Reporting Person*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT
PAGE 2 OF 5 PAGES
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CUSIP NO. 86605V 10 1 13G
14. Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
DCL HOLDINGS & INVESTMENTS IN TECHNOLOGY LTD.
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15. Check the Appropriate Box if a Member of a Group*
(a)
(b)
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16. Sec Use Only
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17. Citizenship or Place of Organization
ISRAEL
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18. Number of Shares Beneficially Owned by Each Reporting Person With:
19. Sole Voting Power
947,730
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20. Shared Voting Power
None
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21. Sole Dispositive Power
947,730
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22. Shared Dispositive Power
None
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23. Aggregate Amount Beneficially Owned by Each Reporting Person
947,730
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24. Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares*
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25. Percent of Class Represented By Amount in Row (9)
6%
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26. Type of Reporting Person*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT
PAGE 3 OF 5 PAGES
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ITEM 1 (A). NAME OF ISSUER
Summit Design Inc.
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ITEM 1 (B). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
9305 S.W. Gemini Drive Beaverton, OR 97008
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ITEM 2 (A). NAME OF PERSON'S FILING
DCL TECHNOLOGIES LTD.
DCL HOLDINGS& INVESTMENTS IN TECHNOLOGY (1993) LTD.
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ITEM 2 (B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
7 Yad Harutsim St., P.O.Box 2031, Herzlia 46120, Israel
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ITEM 2 (C). CITIZENSHIP
Israel
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ITEM 2 (D). TITLE OF CLASS OF SECURITIES
Common Stock
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ITEM 2 (E). CUSIP NUMBER
86605V 10 1
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ITEM 3 (E). IF THIS STATEMENT FILED PURSUANT TO RULES 13D - 1 (B), OR
13D-2(B), CHECK WHETHER THE PERSON FILING IS
Not Applicable
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ITEM 4. OWNERSHIP
(a) Amount Beneficially Owned:
DCL TECHNOLOGIES LTD. * 30,000
DCL HOLDINGS & INVESTMENTS IN TECHNOLOGY (1993) LTD.*
947,730
(b) Percent of Class:
DCL TECHNOLOGIES LTD. * 0.2%
DCL HOLDINGS & INVESTMENTS IN TECHNOLOGY (1993) LTD.*
6%
(c) Number of Shares as to which such person has:
i. Sole power to vote or to direct the vote
DCL TECHNOLOGIES LTD.* 30,000
DCL HOLDINGS & INVESTMENTS IN TECHNOLOGY (1993) LTD.*
947,730
ii. Shared power to vote or to direct the vote
iii. Sole power to dispose or to direct the disposition of
DCL TECHNOLOGIES LTD.* 30,000
DCL HOLDINGS & INVESTMENTS IN TECHNOLOGY (1993) LTD.* 947,730
iv. Shared power to dispose or to direct the disposition of
PAGE 4 OF 5 PAGES
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* DCL Holdings & Investments in Technology (1993) Ltd. is a wholly owned
subsidiary of DCL Technologies Ltd. Amihai Ben-David, a director of Summit
Design, Inc. is the Chairman and Chief Executive Officer of DCL Technologies
Ltd. and owns 15% of the stock of DCL Technologies Ltd. Mr. Ben-David is also
the CEO of DCL Holdings & Investments in Technology (1993) Ltd.
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ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
If this statement is being filed to report the fact that as of the data hereof
the reporting person has ceased to be the beneficial owner of more then five
percent of the class of securities, check the following.
Not Applicable
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ITEM 6. OWNERSHIP OF MORE THEN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not Applicable
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ITEM 7. IDENTIFICATION AND CLASSIFICATION OF SUBSIDIARY WHICH AQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not Applicable
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ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF A GROUP
Not Applicable
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ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable
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ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above was 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.
February 12, 1998
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(Date)
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(Signature)
Amihai Ben-David
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Chairman & CEO
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(Name/Title)
PAGE 5 OF 5 PAGES
