SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2)*
COFFEE PEOPLE, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
192189108
(CUSIP Number)
*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 disclosures 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).
Page 1 of 9
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CUSIP NO. 192189108 13G Page 2 of 9 Pages
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1 NAME OF REPORTING PERSON
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
BLACK & COMPANY, INC. 93 - 0479581
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
OREGON
- -------- -----------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0
--- ------------------------------------------------------
SHARES BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
400,562 (see Item 4)
--- ------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING PERSON
WITH
0
--- ------------------------------------------------------
8 SHARED DISPOSITIVE POWER
400,562 (see Item 4)
- -------- -----------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
400,562 (see Item 4)
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10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.28% (see Item 4)
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12 TYPE OF REPORTING PERSON*
BD
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*SEE INSTRUCTIONS
Page 2 of 9
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CUSIP NO. 192189108 13G Page 3 of 9 Pages
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1 NAME OF REPORTING PERSON
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MAZAMA CAPITAL MANAGEMENT, LLC 91-1858217
- -------- -----------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [ ]
- -------- -----------------------------------------------------------------------
3 SEC USE ONLY
- -------- -----------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
OREGON
- -------- -----------------------------------------------------------------------
5 SOLE VOTING POWER
NUMBER OF 0
--- ------------------------------------------------------
SHARES BENEFICIALLY 6 SHARED VOTING POWER
OWNED BY
400,562 (see Item 4)
--- ------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING PERSON
WITH
0
--- ------------------------------------------------------
8 SHARED DISPOSITIVE POWER
400,562 (see Item 4)
- -------- -----------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
400,562 (see Item 4)
- -------- -----------------------------------------------------------------------
10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
- -------- -----------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
12.28% (see Item 4)
- -------- -----------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
- -------- -----------------------------------------------------------------------
*SEE INSTRUCTIONS
Page 3 of 9
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Item 1.
(a) Name of Issuer: Coffee People, Inc.
(b) Address of Issuer's Principal Executive Offices:
3259 N.W. 29th Avenue
Portland, Oregon 97210
Item 2.
(a) Name of Person Filing: Black & Company, Inc.
(b) Address of Principal Business Office or, if none, Residence:
One S.W. Columbia St., Suite 1200
Portland, Oregon 97258
(c) Citizenship: State of Oregon
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 192189108
Item 3. If this statement is filed pursuant to Rule 13d-1(b) or
13d-2(b), check whether the person filing is a:
(a)[X ] Broker or Dealer registered under Section 15 of the Act
(b)[ ] Bank as defined in section 3(a)(6) of the Act
(c)[ ] Insurance Company as defined in section 3(a)(19) of the Act
(d)[ ] Investment Company registered under section 8 of the Investment
Company Act
(e)[ ] Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f)[ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974 or
Endowment Fund; see ss. 240.13d-1(b)(1)(ii)(F)
(g)[ ] Parent Holding Company, in accordance with ss.
240.13d-1(b)(1)(ii)(G)
(h)[ ] Group, in accordance with ss. 240.13d-1(b)(1)(ii)(H)
Page 4 of 9
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Item 4. Ownership
(a) Amount Beneficially Owned: As of March 31, 1998, Black & Company,
-------------------------- Inc. owned 117,112 shares directly, and
283,450 shares indirectly through Mazama Capital Management, LLC,
the majority share holder of which is the current Chairman and
beneficial owner of 25% of Black & Company, Inc. Black & Company,
Inc. holds a minority interest (less than 5%) in Mazama Capital
Management, LLC. Although there is no formal agreement between
Mazama Capital Management, LLC, and Black & Company, Inc. to act as
a group, this joint filing is being made because from time to time
these entities share information with respect to, and may enter into
transactions in, the subject securities, coincidentally or
otherwise.
(b) Percent of Class: 12.28% in aggregate, consisting of 3.59% held
directly, and 8.69% held indirectly.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 400,562
(iii) sole power to dispose or to direct the disposition of: 0
(iv) shared power to dispose or to direct the disposition of:
400,562
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
311,600 shares are held in discretionary investment accounts, either
by Black & Company, Inc. (28,150 shares or 0.86% of class) or Mazama
Capital Management, LLC (283,450 shares or 8.69% of class). None of
the beneficial owners of such investment accounts holds in excess of
5% of the class of securities.
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
Item 10. Certification
N/A
Page 5 of 9
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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: April 9, 1998
BLACK & COMPANY, INC.
By: /s/ Teri Duffy
--------------------------------------
Teri Duffy, Executive Vice President
Page 6 of 9
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Item 1.
(a) Name of Issuer: Coffee People, Inc.
(b) Address of Issuer's Principal Executive Offices:
3259 N.W. 29th Avenue
Portland, Oregon 97210
Item 2.
(a) Name of Person Filing: Mazama Capital Management, LLC.
(b) Address of Principal Business Office or, if none, Residence:
One S.W. Columbia St., Suite 1200
Portland, Oregon 97258
(c) Citizenship: State of Oregon
(d) Title of Class of Securities: Common Stock
(e) CUSIP Number: 192189108
Item 3. If this statement is filed pursuant to Rule 13d-1(b) or
13d-2(b), check whether the person filing is a:
(a)[ ] Broker or Dealer registered under Section 15 of the Act
(b)[ ] Bank as defined in section 3(a)(6) of the Act
(c)[ ] Insurance Company as defined in section 3(a)(19) of the Act
(d)[ ] Investment Company registered under section 8 of the Investment
Company Act
(e)[ X] Investment Adviser registered under section 203 of the Investment
Advisers Act of 1940
(f)[ ] Employee Benefit Plan, Pension Fund which is subject to the
provisions of the Employee Retirement Income Security Act of 1974 or
Endowment Fund; see ss. 240.13d-1(b)(1)(ii)(F)
(g)[ ] Parent Holding Company, in accordance with ss.
240.13d-1(b)(1)(ii)(G)
(h)[ ] Group, in accordance with ss. 240.13d-1(b)(1)(ii)(H)
Page 7 of 9
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Item 4. Ownership
(a) Amount Beneficially Owned: As of March 31, 1998, Mazama Capital
--------------------------- Management, LLC owned 283,450 shares
directly and 117,112 shares indirectly through Black & Company, Inc.
The majority shareholder of Mazama Capital Management is the current
Chairman and a beneficial owner of approximately 25% of Black &
Company, Inc. Black & Company, Inc. holds a minority interest (less
than 5%) in Mazama Capital Management, LLC. Although there is no
formal agreement between Mazama Capital Management, LLC, and Black &
Company, Inc. to act as a group, this joint filing is being made
because from time to time these entities share information with
respect to, and may enter into transactions in, the subject
securities, coincidentally or otherwise.
(b) Percent of Class: 12.28% in aggregate, consisting of 8.69% held
directly, and 3.59% held indirectly.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote: 0
(ii) shared power to vote or to direct the vote: 400,562
(iii) sole power to dispose or to direct the disposition of: 0
(iv) shared power to dispose or to direct the disposition of:
400,562
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
311,600 shares are held in discretionary investment accounts, either
by Black & Company, Inc. (28,150 shares or 0.86% of class) or Mazama
Capital Management, LLC (283,450 shares or 8.69% of class). None of
the beneficial owners of such investment accounts holds in excess of
5% of the class of securities.
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
Item 10. Certification
N/A
Page 8 of 9
<PAGE>
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: April 9, 1998
MAZAMA CAPITAL MANAGEMENT, LLC
By: /s/ Brian Alfrey
---------------------------------------
Brian Alfrey, Vice President,
Administration and Operations
Page 9 of 9
