UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
TERA COMPUTER COMPANY
(Name of Issuer)
Common Stock, $.01 par value
(Title of Class of Securities)
88076P108
(CUSIP Number)
December 31, 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 8 PAGES
</PAGE>
SCHEDULE 13G
CUSIP NO. 88076P108 PAGE 2 OF 8 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
REPORTING
PERSON 178,710
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
178,710
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
178,710
- - ------------------------------------------------------------------------- -
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)
0.8%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
- - ------------------------------------------------------------------------- -
</PAGE>
SCHEDULE 13G
CUSIP NO. 88076P108 PAGE 3 OF 8 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 163,575
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
163,575
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
163,575
- - ------------------------------------------------------------------------- -
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)
0.7%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
- - ------------------------------------------------------------------------- -
</PAGE>
SCHEDULE 13G
CUSIP NO. 88076P108 PAGE 4 OF 8 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 342,285
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
342,285
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
342,285
- - ------------------------------------------------------------------------- -
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)
1.4%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
- - ------------------------------------------------------------------------- -
</PAGE>
SCHEDULE 13G
CUSIP NO. 88076P108 PAGE 5 OF 8 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 342,285
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
342,285
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
342,285
- - ------------------------------------------------------------------------- -
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)
1.4%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
- - ------------------------------------------------------------------------- -
</PAGE>
SCHEDULE 13G
CUSIP NO. 88076P108 PAGE 6 OF 8 PAGES
AMENDMENT NO. 1 TO SCHEDULE 13G
This Amendment No. 1 to the initial statement on Schedule 13G filed
June 30, 1999 (the "Initial Statement") by Advantage Fund II Ltd., a British
Virgin Islands corporation ("Advantage"), Genesee Fund Limited - Portfolio B,
a British Virgin Islands corporation ("Genesee Fund"), Genesee International,
Inc., a Delaware corporation ("Genesee International"), and Donald R. Morken
("Mr. Morken", and collectively with Advantage, Genesee Fund and Genesee
International, the "Reporting Persons") relates to the Common Stock, $.01 par
value (the "Common Stock"), of Tera Computer Company, a Washington corporation
(the "Issuer"). Capitalized terms used herein without definition shall have
the meanings given them in the Initial Statement. This Amendment No. 1 is
being filed by the Reporting Persons to report that each of the Reporting
Persons has ceased to be the beneficial owner of more than five percent of the
Common Stock. This Amendment No. 1 amends the Initial Statement as follows:
Item 4. Ownership:
(a) Amount Beneficially Owned by Advantage, Genesee Fund,
Genesee International, and Mr. Morken:
Advantage: 178,710
Genesee Fund: 163,575
Genesee International: 342,285
Mr. Morken: 342,285
(b) Percent of Class:
Advantage: 0.8%
Genesee Fund: 0.7%
Genesee International: 1.4%
Mr. Morken: 1.4%
The Issuer reported that 23,871,240 shares of Common Stock
were outstanding as of November 12, 1999 in its Quarterly
Report on Form 10-Q for the quarter ended September 30,
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: 178,710
Genesee Fund: 163,575
Genesee International: 342,285
Mr. Morken: 342,285
</PAGE>
SCHEDULE 13G
CUSIP NO. 88076P108 PAGE 7 OF 8 PAGES
(iii) sole power to dispose or to
direct the disposition of
Advantage: -0-
Genesee Fund: -0-
Genesee International: -0-
Mr. Morken: -0-
(iv) shared power to dispose or to
direct the disposition of
Advantage: 178,710
Genesee Fund: 163,575
Genesee International: 342,285
Mr. Morken: 342,285
In addition to the shares of Common Stock reported above in
this Item 4, as of December 31, 1999 Advantage directly
owned warrants to purchase an aggregate of 863,446 shares of
Common Stock and Genesee Fund directly owned warrants to
purchase an aggregate of 669,351 shares of Common Stock
(collectively, the "Warrants"). However, the terms of the
Warrants provide that the holder may not exercise such
Warrants to acquire shares of Common Stock to the extent
such exercise would cause the holder's beneficial ownership
of Common Stock to exceed 4.9% of the then outstanding
shares of Common Stock. The power to vote and the power to
dispose of the shares of Common Stock issuable upon exercise
of the Warrants is shared by Genesee International and Mr.
Morken.
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 each of the Reporting Persons ceased to
be the beneficial owner of more than five percent of the
class of securities, check the following [X].
</PAGE>
SCHEDULE 13G
CUSIP NO. 88076P108 PAGE 8 OF 8 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: Genesee International, Inc.,
as General Manager
By: /s/ Donald R. Morken
---------------------------
Name: Donald R. Morken
Title: President
Dated: January 27, 2000
GENESEE FUND LIMITED - PORTFOLIO B
By: Genesee International, Inc.,
as General Manager
By: /s/ Donald R. Morken
---------------------------
Name: Donald R. Morken
Title: President
Dated: January 27, 2000
GENESEE INTERNATIONAL, INC.
By: /s/ Donald R. Morken
---------------------------------
Name: Donald R. Morken
Title: President
Dated: January 27, 2000
/s/ Donald R. Morken
---------------------------------
Donald R. Morken
Dated: January 27, 2000
42.31.04.137
