<PAGE>
-------------------------------
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.__)*
AccelGraphics, Inc.
- --------------------------------------------------------------------------------
(Name of Issuer)
Common Stock, $.001 par value
- --------------------------------------------------------------------------------
(Title of Class of Securities)
00430P104
---------------------------------------------
(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 18 pages
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 00430P104 13G PAGE 2 OF 18 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Advanced Technology Ventures IV, L.P.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
787,337 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0 shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
787,337 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
787,337 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
9.4%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 18 pages
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 00430P104 13G PAGE 3 OF 18 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
ATV Associates IV, L.P.
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
Delaware
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
787,337 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0 shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
787,337 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
787,337 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
9.4%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
PN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 18 pages
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 00430P104 13G PAGE 4 OF 18 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Albert E. Paladino
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
787,337 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0 shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
787,337 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
787,337 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
9.4%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 18 pages
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 00430P104 13G PAGE 5 OF 18 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Pieter J. Schiller
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
787,337 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0 shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
787,337 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
787,337 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
9.4%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 18 pages
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 00430P104 13G PAGE 6 OF 18 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Jos C. Henkens
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
787,337 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0 shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
787,337 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
787,337 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
9.4%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 18 pages
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 00430P104 13G PAGE 7 OF 18 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Steven N. Baloff
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
787,337 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0 shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
787,337 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
787,337 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
9.4%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 18 pages
<PAGE>
- ----------------------- ---------------------
CUSIP NO. 00430P104 13G PAGE 8 OF 18 PAGES
- ----------------------- ---------------------
- ------------------------------------------------------------------------------
NAME OF REPORTING PERSON
1 I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Michael E. Frank
- ------------------------------------------------------------------------------
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
2 (a) [_]
(b) [_]
- ------------------------------------------------------------------------------
SEC USE ONLY
3
- ------------------------------------------------------------------------------
CITIZENSHIP OR PLACE OF ORGANIZATION
4
United States
- ------------------------------------------------------------------------------
SOLE VOTING POWER
5
NUMBER OF 0 shares
SHARES -----------------------------------------------------------
SHARED VOTING POWER
BENEFICIALLY 6
787,337 shares
OWNED BY
-----------------------------------------------------------
EACH SOLE DISPOSITIVE POWER
7
REPORTING 0 shares
PERSON -----------------------------------------------------------
SHARED DISPOSITIVE POWER
WITH 8
787,337 shares
- ------------------------------------------------------------------------------
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
9
787,337 shares
- ------------------------------------------------------------------------------
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*
10
[_]
- ------------------------------------------------------------------------------
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
11
9.4%
- ------------------------------------------------------------------------------
TYPE OF REPORTING PERSON*
12
IN
- ------------------------------------------------------------------------------
*SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 18 pages
<PAGE>
Schedule 13G
------------
Item 1(a). Name of Issuer: AccelGraphics, Inc.
--------------
Item 1(b). Address of Issuer's Principal Executive Offices:
-----------------------------------------------
1873 Barber Lane, Milpitas, CA 95035.
Item 2(a). Names of Persons Filing: Advanced Technology
-----------------------
Ventures IV, L.P., ATV Associates IV, L.P.,
Albert E. Paladino, Pieter J. Schiller, Jos C.
Henkens, Steven N. Baloff and Michael E. Frank.
ATV Associates IV, L.P. is the sole general
partner of Advanced Technology Ventures IV,
L.P. Messrs. Paladino, Schiller, Henkens,
Baloff and Frank are individual general
partners of ATV Associates IV, L.P.
Item 2(b). Address of Principal Business Office or, if None, Residence:
-----------------------------------------------------------
The address of the principal business office of Advanced
Technology Ventures IV, L.P., ATV Associates IV, L.P., Albert
E. Paladino, Pieter J. Schiller and Michael E. Frank is 281
Winter Street, Waltham, MA 02154. The address of Jos C.
Henkens and Steven N. Baloff is 485 Ramona Street, Suite 200,
Palo Alto, California 94301.
Item 2(c). Citizenship: Advanced Technology Ventures IV,
-----------
L.P. and ATV Associates IV, L.P. are limited
partnerships organized under the laws of the
State of Delaware. Each of Messrs. Paladino,
Schiller, Henkens, Baloff and Frank is a United
States citizen.
Item 2(d). Title of Class of Securities: Common Stock, $.001 par value
----------------------------
per share
Item 2(e). CUSIP Number: 00430P104
------------
Item 3. If this statement if filed pursuant to Rules 13d-1(b), or
---------------------------------------------------------
13d-2(b), check whether the person filing is a:
----------------------------------------------
(a) [_] Broker or Dealer registered under Section 15 of the
Securities Exchange Act of 1934 (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.
Page 9 of 18 pages
<PAGE>
(d) [_] Investment Company registered under Section 8 of the
Investment Company Act of 1940.
(e) [_] Investment Advisor 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 Rule 13d-1(b)(1)(ii)(f) of
the Act.
(g) [_] Parent Holding Company, in accordance with Rule 13d-
1(b)(ii)(G) of the Act.
(h) [_] Group, in accordance with Rule 13d-1(b)(1)(ii)(H) of the
Act.
Not Applicable.
Item 4. Ownership.
---------
(a) Amount Beneficially Owned
Each of Advanced Technology Ventures IV, L.P., ATV Associates
IV, L.P. (individually an "Entity" and collectively the
"Entities"), Albert E. Paladino, Pieter J. Schiller, Jos C.
Henkens, Steven N. Baloff and Michael E. Frank may be deemed to
own beneficially 787,337 shares of Common Stock as of December
31, 1997.
As of December 31, 1997, Advanced Technology Ventures IV, L.P.
was the record owner of 787,337 shares of Common Stock. (The
shares held of record by Advanced Technology Ventures IV, L.P.
are referred to herein collectively as the "Record Shares"). By
virtue of the affiliate relationships among the Entities, each
Entity may be deemed to own beneficially all of the Record
Shares. Hence, each Entity may be deemed to own beneficially
787,337 shares of Common Stock. In their capacities as
individual general partners of ATV Associates IV, L.P., each of
Messrs. Paladino, Schiller, Henkens, Baloff and Frank may be
deemed to own beneficially 787,337 shares of Common Stock.
Page 10 of 18 pages
<PAGE>
(b) Percent of Class:
Advanced Technology Ventures IV, L.P.: 9.4%
ATV Associates IV, L.P.: 9.4%
Albert E. Paladino: 9.4%
Pieter J. Schiller: 9.4%
Jos C. Henkens: 9.4%
Steven N. Baloff: 9.4%
Michael E. Frank: 9.4%
The foregoing percentages are calculated based on the 8,373,607
shares of Common Stock reported to be outstanding as of
November 5, 1997 in the Form 10Q as filed with the SEC for the
quarterly period ended September 30, 1997.
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the vote:
Advanced Technology Ventures IV, L.P.: 0 shares
ATV Associates IV, L.P.: 0 shares
Albert E. Paladino: 0 shares
Pieter J. Schiller: 0 shares
Jos C. Henkens: 0 shares
Steven N. Baloff: 0 shares
Michael E. Frank: 0 shares
(ii) shared power to vote or to direct the vote:
Advanced Technology Ventures IV, L.P.: 787,337 shares
ATV Associates IV, L.P.: 787,337 shares
Albert E. Paladino: 787,337 shares
Pieter J. Schiller: 787,337 shares
Jos C. Henkens: 787,337 shares
Steven N. Baloff: 787,337 shares
Michael E. Frank: 787,337 shares
(iii) sole power to dispose or direct the disposition:
Advanced Technology Ventures IV, L.P.: 0 shares
ATV Associates IV, L.P.: 0 shares
Albert E. Paladino: 0 shares
Pieter J. Schiller: 0 shares
Jos C. Henkens: 0 shares
Steven N. Baloff: 0 shares
Michael E. Frank: 0 shares
Page 11 of 18 pages
<PAGE>
(iv) shared power to dispose or direct the disposition:
Advanced Technology Ventures IV, L.P.: 787,337 shares
ATV Associates IV, L.P.: 787,337 shares
Albert E. Paladino: 787,337 shares
Pieter J. Schiller: 787,337 shares
Jos C. Henkens: 787,337 shares
Steven N. Baloff: 787,337 shares
Michael E. Frank: 787,337 shares
Each of reporting persons expressly disclaims beneficial ownership
of any shares of Common Stock of AccelGraphics, Inc., except in the
case of Advanced Technology Ventures IV, L.P. for the 787,337 shares
which it holds of record.
Item 5. Ownership of Five Percent or Less of a Class.
--------------------------------------------
Not Applicable.
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. The Reporting Persons expressly disclaim membership
in a "group" within the meaning of Regulation 13D.
Item 9. Notice of Dissolution of Group.
------------------------------
Not Applicable.
Item 10. Certification.
-------------
Not Applicable. This statement on Schedule 13G is not filed pursuant
to Rule 13d-1(b).
Page 12 of 18 pages
<PAGE>
SIGNATURES
----------
After reasonable inquiry and to the best of my knowledge and belief, we
certify that the information set forth in this statement is true, complete and
correct. We also hereby agree to file this statement jointly pursuant to the
Agreement set forth as Exhibit 1 hereto.
Date: February 10, 1998
ADVANCED TECHNOLOGY VENTURES IV, L.P.
By: ATV Associates IV, L.P.
By: /s/ Pieter J. Schiller
------------------------------------------
Pieter J. Schiller,
General Partner
ATV ASSOCIATES IV, L.P.
By: /s/ Pieter J. Schiller
------------------------------------------
Pieter J. Schiller,
General Partner
/s/ Pieter J. Schiller
- ----------------------------------------------
Pieter J. Schiller
*
- ----------------------------------------------
Albert E. Paladino
*
- ----------------------------------------------
Jos C. Henkens
*
- ----------------------------------------------
Steven N. Baloff
*
- ----------------------------------------------
Michael E. Frank
*By: /s/ Pieter J. Schiller
---------------------------------
Pieter J. Schiller
Attorney-in-Fact
- --------------------------------------------------------------------------------
This Schedule 13G is executed pursuant to a Power of Attorney, which is
attached hereto as Exhibit 2.
---------
Page 13 of 18 pages
<PAGE>
EXHIBIT 1
---------
AGREEMENT
---------
Pursuant to Rule 13d-1(f)(1) under the Securities Exchange Act of 1934, the
undersigned hereby agree that only one statement containing the information
required by Schedule 13G need be filed with respect to the ownership by each of
the undersigned of shares of Common Stock of AccelGraphics Corporation.
This Agreement may be executed in any number of counterparts, each of which
shall be deemed an original.
Date: February 10, 1998
ADVANCED TECHNOLOGY VENTURES IV, L.P.
By: ATV Associates IV, L.P.
By: /s/ Pieter J. Schiller *
------------------------------ ------------------------------------
Pieter J. Schiller, Steven N. Baloff
General Partner
ATV ASSOCIATES IV, L.P.
By: /s/ Pieter J. Schiller *
------------------------------ ------------------------------------
Pieter J. Schiller, Michael E. Frank
General Partner
/s/ Pieter J. Schiller
- ----------------------------------
Pieter J. Schiller
*
- ----------------------------------
Albert E. Paladino
*
- ----------------------------------
Jos C. Henkens
*By: /s/ Pieter J. Schiller
----------------------------------
Pieter J. Schiller
Attorney-in-Fact
- --------------------------------------------------------------------------------
This Agreement is executed pursuant to an executed Power of Attorney,
which is attached hereto as Exhibit 2.
---------
Page 14 of 18 pages
<PAGE>
EXHIBIT 2
---------
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below hereby constitutes and appoints Pieter J. Schiller his true and lawful
attorney-in fact, with full power of substitution, to sign any and all
instruments, certificates and documents that may be necessary, desirable or
appropriate to be executed on behalf of himself as an individual or in his
capacity as a general partner of any partnership, pursuant to Section 13 or 16
of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and any
and all regulations promulgated thereunder, and to file the same, with all
exhibits thereto, and any other documents in connection therewith, with the
Securities and Exchange Commission, and with any other entity when and if such
is mandated by the Exchange Act or by the By-laws of the National Association of
Securities Dealers, Inc., granting unto said attorney-in-fact full power and
authority to do and perform each and every act and thing necessary, desirable or
appropriate, fully to all intents and purposes as he might or could do in
person, thereby ratifying and confirming all that said attorney-in fact, or his
substitutes, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 10th
day of February, 1998.
By: /s/ Albert E. Paladino
-------------------------------
Albert E. Paladino
By:
-------------------------------
Jos C. Henkens
By:
-------------------------------
Steven N. Baloff
By:
-------------------------------
Michael E. Frank
Page 15 of 18 pages
<PAGE>
EXHIBIT 2
---------
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below hereby constitutes and appoints Albert E. Paladino his true and lawful
attorney-in fact, with full power of substitution, to sign any and all
instruments, certificates and documents that may be necessary, desirable or
appropriate to be executed on behalf of himself as an individual or in his
capacity as a general partner of any partnership, pursuant to Section 13 or 16
of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and any
and all regulations promulgated thereunder, and to file the same, with all
exhibits thereto, and any other documents in connection therewith, with the
Securities and Exchange Commission, and with any other entity when and if such
is mandated by the Exchange Act or by the By-laws of the National Association of
Securities Dealers, Inc., granting unto said attorney-in-fact full power and
authority to do and perform each and every act and thing necessary, desirable or
appropriate, fully to all intents and purposes as he might or could do in
person, thereby ratifying and confirming all that said attorney-in fact, or his
substitutes, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 10th
day of February, 1998.
By:
-------------------------------
Albert E. Paladino
By: /s/ Jos C. Henkens
-------------------------------
Jos C. Henkens
By:
-------------------------------
Steven N. Baloff
By:
-------------------------------
Michael E. Frank
Page 16 of 18 pages
<PAGE>
EXHIBIT 2
---------
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below hereby constitutes and appoints Albert E. Paladino his true and lawful
attorney-in fact, with full power of substitution, to sign any and all
instruments, certificates and documents that may be necessary, desirable or
appropriate to be executed on behalf of himself as an individual or in his
capacity as a general partner of any partnership, pursuant to Section 13 or 16
of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and any
and all regulations promulgated thereunder, and to file the same, with all
exhibits thereto, and any other documents in connection therewith, with the
Securities and Exchange Commission, and with any other entity when and if such
is mandated by the Exchange Act or by the By-laws of the National Association of
Securities Dealers, Inc., granting unto said attorney-in-fact full power and
authority to do and perform each and every act and thing necessary, desirable or
appropriate, fully to all intents and purposes as he might or could do in
person, thereby ratifying and confirming all that said attorney-in fact, or his
substitutes, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 10th
day of February, 1998.
By:
--------------------------------
Albert E. Paladino
By:
--------------------------------
Jos C. Henkens
By: /s/ Steven N. Baloff
--------------------------------
Steven N. Baloff
By:
--------------------------------
Michael E. Frank
Page 17 of 18 pages
<PAGE>
EXHIBIT 2
---------
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears
below hereby constitutes and appoints Albert E. Paladino his true and lawful
attorney-in fact, with full power of substitution, to sign any and all
instruments, certificates and documents that may be necessary, desirable or
appropriate to be executed on behalf of himself as an individual or in his
capacity as a general partner of any partnership, pursuant to Section 13 or 16
of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and any
and all regulations promulgated thereunder, and to file the same, with all
exhibits thereto, and any other documents in connection therewith, with the
Securities and Exchange Commission, and with any other entity when and if such
is mandated by the Exchange Act or by the By-laws of the National Association of
Securities Dealers, Inc., granting unto said attorney-in-fact full power and
authority to do and perform each and every act and thing necessary, desirable or
appropriate, fully to all intents and purposes as he might or could do in
person, thereby ratifying and confirming all that said attorney-in fact, or his
substitutes, may lawfully do or cause to be done by virtue hereof.
IN WITNESS WHEREOF, this Power of Attorney has been signed as of the 10th
day of February, 1998.
By:
--------------------------------
Albert E. Paladino
By:
--------------------------------
Jos C. Henkens
By:
--------------------------------
Steven N. Baloff
By: /s/ Michael E. Frank
--------------------------------
Michael E. Frank
Page 18 of 18 pages
