<PAGE> 1
---------------------------------
OMB APPROVAL
---------------------------------
OMB Number: 3235-0145
Expires: December 31, 1997
Estimated average burden
hours per response..........14.90
---------------------------------
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)*
PEN INTERCONNECT, INC.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.002 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
706583-10-1
----------------------------
(CUSIP Number)
March 15, 1999
---------------------------------------------------------------
(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)
*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).
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED
IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY
VALID OMB CONTROL NUMBER.
<PAGE> 2
- --------------------- -----------------
CUSIP NO. 706583-10-1 13G PAGE 2 OF 7 PAGES
- --------------------- -----------------
- -------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
LIVIAKIS FINANCIAL COMMUNICATIONS, INC 68-0311399
- -------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(SEE INSTRUCTIONS) (b) [ ]
- -------------------------------------------------------------------------------
(3) SEC USE ONLY
- -------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
CALIFORNIA
- -------------------------------------------------------------------------------
(5) SOLE VOTING POWER
281,250
NUMBER OF --------------------------------------------------------
SHARES (6) SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH
281,250
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
-0-
- -------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
281,250
- -------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
4.6%
- -------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
- -------------------------------------------------------------------------------
<PAGE> 3
- --------------------- -----------------
CUSIP NO. 706583-10-1 13G PAGE 3 OF 7 PAGES
- --------------------- -----------------
- -------------------------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS.
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).
ROBERT B. PRAG
- -------------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(SEE INSTRUCTIONS) (b) [ ]
- -------------------------------------------------------------------------------
(3) SEC USE ONLY
- -------------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- -------------------------------------------------------------------------------
(5) SOLE VOTING POWER
93,750
NUMBER OF --------------------------------------------------------
SHARES (6) SHARED VOTING POWER
BENEFICIALLY
OWNED BY -0-
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH
93,750
--------------------------------------------------------
(8) SHARED DISPOSITIVE POWER
-0-
- -------------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
93,750
- -------------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES (SEE INSTRUCTIONS) [ ]
- -------------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
1.5%
- -------------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
- -------------------------------------------------------------------------------
<PAGE> 4
Page 4 of 7
ITEM 1(a). NAME OF ISSUER:
Pen Interconnect, Inc., a Utah corporation
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1601 Alton Parkway
Irvine, California 92606
ITEM 2(a). NAME(S) OF PERSON(S) FILING:
Liviakis Financial Communications, Inc. ("LFC")
Robert B. Prag ("RBP")
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
LFC: 2420 "K" Street, Suite 220, Sacramento, California 95816
RBP: 2455 El Amigo Road, Del Mar, California 92014
ITEM 2(c). CITIZENSHIP:
LFC is a California corporation.
RBP is a citizen of the United States of America.
ITEM 2(d). TITLE OF CLASS OF SECURITIES:
Common Stock, par value $.01 per share
ITEM 2(e). CUSIP NUMBER:
706583-10-1
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:
If this statement is filed pursuant to Rule 13d-1(c), check this box [X]
<PAGE> 5
Page 5 of 7
ITEM 4. OWNERSHIP.
(a) Amount beneficially owned:
LFC: 281,250 shares
RBP: 93,750 shares
RBP disclaims beneficial ownership of the shares beneficially
owned by LFC, and LFC disclaims beneficial ownership of the
shares beneficially owned by RBP.
(b) Percent of class:
LFC: 4.6%
RBP: 1.5%
In each case, the percent of class is calculated based upon
the 6,069,160 shares of Common Stock reported by the Issuer in
its Quarterly Report on Form 10-QSB for the quarter ended
December 31, 1998 as outstanding on February 10, 1999.
(c) Number of shares as to which such person has:
(i) Sole power to vote or direct the vote:
LFC: 281,250 shares
RBP: 93,750 shares
(ii) Shared power to vote or direct the vote:
LFC: --
RBP: --
(iii) Sole power to dispose or to direct the disposition of:
LFC: 281,250 shares
RBP: 93,750 shares
(iv) Shared power to dispose or direct the disposition of:
LFC: --
RBP: --
<PAGE> 6
Page 6 of 7
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 date
hereof the reporting persons have ceased to be the beneficial owners of
more than five percent of the class of securities, check the following
[X]
On March 15, 1999, RBP, who had been an executive officer and director
of LFC, resigned those positions. While an officer and director of LFC,
RBP had filed jointly with LFC a statement on Schedule 13G with respect
to the Issuer's Common Stock. Any group status that may have existed
between LFC and RBP with respect to the Issuer's Common Stock
terminated upon RBP's resignation as an officer and director of LFC.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON.
Not applicable.
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.
The group consisting of LFC and RBP dissolved on March 15, 1999. All
further filings by LFC and RBP, respectively, with regard to the Issuer's Common
Stock will be filed by them, if required, in their individual capacities.
<PAGE> 7
Page 7 of 7
ITEM 10. CERTIFICATIONS.
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 purpose 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.
April 22, 1999
-------------------------------
Date
LIVIAKIS FINANCIAL COMMUNICATIONS, INC.
By: /s/John M. Liviakis
---------------------------
John M. Liviakis, President
/s/Robert B. Prag
-------------------------------
Robert B. Prag
