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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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Schedule 13G
INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
(Amendment No. 1)(1)
ACT NETWORKS, INC.
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(Name of Issuer)
COMMON STOCK
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(Title of Class of Securities)
000975102
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(CUSIP Number)
(CONTINUED ON FOLLOWING PAGE(S))
(Page 1 of 6 Pages)
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1 The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purposes of Section 18 of the Securities Exchange
Act of 1934 (the "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. 000975102 13G PAGE 2 OF 6 PAGES
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(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Pacific Technology Fund ("PTF")
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ X ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
California
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(5) SOLE VOTING POWER
NUMBER OF None
SHARES --------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
OWNED BY None
EACH --------------------------------------------------------
REPORTING (7) SOLE DISPOSITIVE POWER
PERSON WITH None
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(8) SHARED DISPOSITIVE POWER
None
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
None
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(10) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN
SHARES* [ ]
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(11) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
None
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(12) TYPE OF REPORTING PERSON*
PN
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
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Page 3 of 6 Pages
ITEM 1(A) NAME OF ISSUER:
ACT Networks, Inc.
ITEM 1(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
188 Camino Ruiz
Camarillo, CA 93012
ITEM 2(A) NAME OF PERSON FILING:
Pacific Technology Fund
ITEM 2(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
1310 University Avenue
Palo Alto, CA 94301
ITEM 2(C) CITIZENSHIP:
California
ITEM 2(D) TITLE OF CLASS OF SECURITIES:
Common Stock
ITEM 2(E) CUSIP NUMBER:
000975102
ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULES
13D-1(B) OR 13D-2(B), CHECK WHETHER THE PERSON FILING
IS A:
Not Applicable
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Page 4 of 6 Pages
ITEM 4. OWNERSHIP.
(a) Amount Beneficially Owned: See row 9 of cover page.
(b) Percent of Class: See row 11 of cover page.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
See row 5 of cover page.
(ii) shared power to vote or to direct the vote:
See row 6 of cover page.
(iii) sole power to dispose or to direct the
disposition of: See row 7 of cover page.
(iv) shared power to dispose or to direct the
disposition of: See row 8 of cover page.
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 person has ceased to be the
beneficial owner of more than five percent of the class of
securities, check the following:
[X]
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.
Not Applicable
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Page 5 of 6 Pages
ITEM 10. CERTIFICATION.
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were acquired
in the ordinary course of business and were not 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 purpose or effect.
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Page 6 of 6 Pages
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.
Dated: February 5, 1997
PACIFIC TECHNOLOGY FUND
By: \s\ Dr. Michael Feuer
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Dr. Michael Feuer, General Partner
