UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
TERA COMPUTER COMPANY
(Name of Issuer)
Common Stock, $.01 par value
(Title of Class of Securities)
88076P108
(CUSIP Number)
June 21, 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 disclosures provided in a prior cover page.
The information required on 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 10 PAGES
</Page>
SCHEDULE 13G
CUSIP NO. 88076P108 PAGE 2 OF 10 PAGES
- - ------------------------------------------------------------------------- -
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Advantage Fund II Ltd.
- - ------------------------------------------------------------------------- -
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A)[ ]
(B)[ ]
- - ------------------------------------------------------------------------- -
3 SEC USE ONLY
- - ------------------------------------------------------------------------- -
4 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
- - ------------------------------------------------------------------------- -
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY ---------------------------------------------------- -
EACH 6 SHARED VOTING POWER
REPORTIN,G
PERSON 784,233
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
784,233
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
784,233
- - ------------------------------------------------------------------------- -
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [ ]
- - ------------------------------------------------------------------------- -
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.3%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
- - ------------------------------------------------------------------------- -
</Page>
SCHEDULE 13G
CUSIP NO. 88076P108 PAGE 3 OF 10 PAGES
- - ------------------------------------------------------------------------- -
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Genesee Fund Limited - Portfolio B
- - ------------------------------------------------------------------------- -
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A)[ ]
(B)[ ]
- - ------------------------------------------------------------------------- -
3 SEC USE ONLY
- - ------------------------------------------------------------------------- -
4 CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
- - ------------------------------------------------------------------------- -
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY ---------------------------------------------------- -
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 543,897
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
543,897
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
543,897
- - ------------------------------------------------------------------------- -
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [ ]
- - ------------------------------------------------------------------------- -
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.3%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
- - ------------------------------------------------------------------------- -
</Page>
SCHEDULE 13G
CUSIP NO. 88076P108 PAGE 4 OF 10 PAGES
- - ------------------------------------------------------------------------- -
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Genesee International, Inc.
- - ------------------------------------------------------------------------- -
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A)[ ]
(B)[ ]
- - ------------------------------------------------------------------------- -
3 SEC USE ONLY
- - ------------------------------------------------------------------------- -
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
- - ------------------------------------------------------------------------- -
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY ---------------------------------------------------- -
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 1,328,130
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
1,328,130
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,328,130
- - ------------------------------------------------------------------------- -
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [ ]
- - ------------------------------------------------------------------------- -
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.6%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
- - ------------------------------------------------------------------------- -
</Page>
SCHEDULE 13G
CUSIP NO. 88076P108 PAGE 5 OF 10 PAGES
- - ------------------------------------------------------------------------- -
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Donald R. Morken
- - ------------------------------------------------------------------------- -
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A)[ ]
(B)[ ]
- - ------------------------------------------------------------------------- -
3 SEC USE ONLY
- - ------------------------------------------------------------------------- -
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- - ------------------------------------------------------------------------- -
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY ---------------------------------------------------- -
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 1,328,130
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
1,328,130
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,328,130
- - ------------------------------------------------------------------------- -
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [ ]
- - ------------------------------------------------------------------------- -
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
5.6%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
- - ------------------------------------------------------------------------- -
</Page>
SCHEDULE 13G
CUSIP NO. 88076P108 PAGE 6 OF 10 PAGES
Item 1. Name and Address of Issuer:
Tera Computer Company
411 First Avenue South
Suite 600
Seattle, Washington 98104
Item 2. (a) Names of Persons Filing:
Advantage Fund II Ltd. ("Advantage")
Genesee Fund - Limited Portfolio B ("Genesee Fund")
Genesee International, Inc. ("Genesee
International")
Donald R. Morken ("Mr. Morken")
(b) Address of Principal Business Office:
Advantage:
c/o CITCO
Kaya Flamboyan 9
Curacao, Netherlands Antilles
Genesee Fund:
c/o CITCO
Kaya Flamboyan 9
Curacao, Netherlands Antilles
Genesee International:
CITCO Building
Wickhams Cay
P.O. Box 662
Road Town
Tortola, British Virgin Islands
Mr. Morken:
10500 N.E. 8th Street
Suite 1920
Bellevue, Washington 98004-4332
(c) Place of Organization or Citizenship:
Advantage: British Virgin Islands
Genesee Fund: British Virgin Islands
Genesee International: Delaware
Mr. Morken: citizen of the United States
(d) Title of Class of Securities:
Common Stock, $.01 par value
(e) CUSIP Number:
88076P108
</Page>
SCHEDULE 13G
CUSIP NO. 88076P108 PAGE 7 OF 10 PAGES
Item 3. This statement is filed pursuant to Rule 13d-1(c) by
Advantage, Genesee Fund, Genesee International, and Mr.
Morken.
Item 4. Ownership:
(a) Amount Beneficially Owned by Advantage, Genesee Fund,
Genesee International, and Mr. Morken:
Advantage: 784,233
Genesee Fund: 543,897
Genesee International: 1,328,130
Mr. Morken: 1,328,130
(b) Percent of Class:
Advantage: 3.3%
Genesee Fund: 2.3%
Genesee International: 5.6%
Mr. Morken: 5.6%
The Issuer advised Genesee International that
23,778,546 shares of Common Stock were outstanding as
of June 21, 1999. This amount was used to determine
the percentages of outstanding shares of Common Stock
reported in this statement.
(c) Number of Shares as to which the Person has:
(i) sole power to vote or to direct
the vote
Advantage: -0-
Genesee Fund: -0-
Genesee International: -0-
Mr. Morken: -0-
(ii) shared power to vote or to
direct the vote
Advantage: 784,233
Genesee Fund: 543,897
Genesee International: 1,328,130
Mr. Morken: 1,328,130
(iii) sole power to dispose or to
direct the disposition of
Advantage: -0-
Genesee Fund: -0-
Genesee International: -0-
Mr. Morken: -0-
</Page>
SCHEDULE 13G
CUSIP NO. 88076P108 PAGE 8 OF 10 PAGES
(iv) shared power to dispose or to
direct the disposition of
Advantage: 784,233
Genesee Fund: 543,897
Genesee International: 1,328,130
Mr. Morken: 1,328,130
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
Item 9. Notice of Dissolution of Group:
Not applicable
Item 10. Certification:
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.
Exhibits:
1. Joint Filing Agreement, dated as of June 30, 1999, among
Advantage, Genesee Fund, Genesee International, and Mr. Morken.
</Page>
SCHEDULE 13G
CUSIP NO. 88076P108 PAGE 9 OF 10 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.
ADVANTAGE FUND II LTD.
By: INTER CARIBBEAN
SERVICES LTD., Director
By: /s/ W.R. Weber
Name: W.R. Weber
Title: Attorney-in-fact
By: /s/ Declan Quilligan
Name: Declan Quilligan
Title: Assistant Secretary
Dated: June 30, 1999
GENESEE FUND LIMITED - PORTFOLIO B
By: INTER CARIBBEAN
SERVICES LTD., Director
By: /s/ W.R. Weber
Name: W.R. Weber
Title: Attorney-in-fact
By: /s/ Declan Quilligan
Name: Declan Quilligan
Title: Assistant Secretary
Dated: June 30, 1999
GENESEE INTERNATIONAL, INC.
By: /s/ Donald R. Morken
Name: Donald R. Morken
Title: President
Dated: June 30, 1999
/s/ Donald R. Morken
Donald R. Morken
Dated: June 30, 1999
</Page>
SCHEDULE 13G
CUSIP NO. 88076P108 PAGE 10 OF 10 PAGES
Exhibit 1
---------
JOINT FILING AGREEMENT
----------------------
This will confirm the agreement by and among the undersigned that
the Schedule 13G filed with the Securities and Exchange Commission on or about
the date hereof with respect to the beneficial ownership of the undersigned of
shares of Common Stock, $.01 par value, of Tera Computer Company, a Washington
corporation, is being filed, and all amendments thereto will be filed, on
behalf of each of the persons and entities named below in accordance with Rule
13d-1(k) under the Securities Exchange Act of 1934, as amended. This
Agreement may be executed in two or more counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the
same instrument.
Dated: as of June 30, 1999
ADVANTAGE FUND II LTD.
By: INTER CARIBBEAN
SERVICES LTD., Director
By: /s/ W.R. Weber
Name: W.R. Weber
Title: Attorney-in-fact
By: /s/ Declan Quilligan
Name: Declan Quilligan
Title: Assistant Secretary
GENESEE FUND LIMITED - PORTFOLIO B
By: INTER CARIBBEAN
SERVICES LTD., Director
By: /s/ W.R. Weber
Name: W.R. Weber
Title: Attorney-in-fact
By: /s/ Declan Quilligan
Name: Declan Quilligan
Title: Assistant Secretary
GENESEE INTERNATIONAL, INC.
By: /s/ Donald R. Morken
Name: Donald R. Morken
Title: President
/s/ Donald R. Morken
Donald R. Morken
