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SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
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).
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- ------------------------- ------------------------
CUSIP NO. 192189108 13G Page 2 of 9 Pages
- ------------------------- ------------------------
- -------------------------------------------------------------------------------
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 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 347,242 (see Item 4)
-------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING PERSON
WITH
0
-------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
347,242 (see Item 4)
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
347,242 (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
10.7% (see Item 4)
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
BD
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS
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- ------------------------- ------------------------
CUSIP NO. 192189108 13G Page 3 of 9 Pages
- ------------------------- ------------------------
- -------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
SS OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
MAZAMA CAPITAL MANAGEMENT, LLC91-1858217
- -------------------------------------------------------------------------------
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 6 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 347,242 (see Item 4)
-------------------------------------------------------------
EACH 7 SOLE DISPOSITIVE POWER
REPORTING PERSON
WITH
0
-------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
347,242 (see Item 4)
- -------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
347,242 (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
10.7% (see Item 4)
- -------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IA
- -------------------------------------------------------------------------------
*SEE INSTRUCTIONS
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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 3d-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 Sec 240.13d-1(b)(1)(ii)(F)
(g)[ ] Parent Holding Company, in accordance with
Sec 240.13d-1(b)(1)(ii)(G)
(h)[ ] Group, in accordance with Sec 240.13d-1(b)(1)(ii)(H)
Item 4. Ownership
(a) Amount Beneficially Owned: Black & Company, Inc. owns 182,392 shares
directly, and 164,850 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
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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: 10.7% in aggregate, consisting of 5.6% held
directly, and 5.1% 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: 347,242
(iii)sole power to dispose or to direct the disposition of: 0
(iv) shared power to dispose or to direct the disposition of: 347,242
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
217,250 shares are held in discretionary investment
accounts, either by Black & Company, Inc. (52,400
shares or 1.6% of class) or Mazama Capital Management,
LLC (164,850 shares or 5.1% 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
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Item 10. Certification
N/A
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: February 9, 1998
BLACK & COMPANY, INC.
By: /s/ Teri Duffy
Teri Duffy, Executive Vice
President
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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 Sec 240.13d-1(b)(1)(ii)(F)
(g)[ ] Parent Holding Company, in accordance with
Sec 240.13d-1(b)(1)(ii)(G)
(h)[ ] Group, in accordance with Sec 240.13d-1(b)(1)(ii)(H)
Item 4. Ownership
(a) Amount Beneficially Owned: Mazama Capital Management, LLC owns
164,850 shares directly and 182,392 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
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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: 10.7% in aggregate, consisting of
5.1% held directly, and 5.6% 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: 347,242
(iii)sole power to dispose or to direct the disposition of: 0
(iv) shared power to dispose or to direct the disposition of: 347,242
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
217,250 shares are held in discretionary investment
accounts, either by Black & Company, Inc. (52,400
shares or 1.6% of class) or Mazama Capital Management,
LLC (164,850 shares or 5.1% 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
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Item 10. Certification
N/A
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: February 9, 1998
MAZAMA CAPITAL MANAGEMENT, LLC
By: /s/ Brian Alfrey
Brian Alfrey, Vice President,
Administration and Operations
