-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JlE4MxtHU8FEsfpMqiUxFFrU/3z+hTjhsH4AWTQQlANr8cs3fPXYLFabb+nUFWbt T5vlV169RZQKJxMjhkx3NQ== 0000905148-06-001282.txt : 20060214 0000905148-06-001282.hdr.sgml : 20060214 20060214135247 ACCESSION NUMBER: 0000905148-06-001282 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20060214 DATE AS OF CHANGE: 20060214 GROUP MEMBERS: GLENVIEW CAPITAL GP, LLC GROUP MEMBERS: GLENVIEW CAPITAL MANAGEMENT, LLC GROUP MEMBERS: LAWRENCE M. ROBBINS SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: LIBERATE TECHNOLOGIES CENTRAL INDEX KEY: 0001085776 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 943245315 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-58281 FILM NUMBER: 06612131 BUSINESS ADDRESS: STREET 1: LIBERATE TECHNOLOGIES STREET 2: 2655 CAMPUS DRIVE, SUITE 250 CITY: SAN MATEO STATE: CA ZIP: 94403 BUSINESS PHONE: 6506454000 MAIL ADDRESS: STREET 1: LIBERATE TECHNOLOGIES STREET 2: 2655 CAMPUS DRIVE, SUITE 250 CITY: SAN MATEO STATE: CA ZIP: 94403 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GLENVIEW CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001138995 IRS NUMBER: 134136746 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 399 PARK AVENUE STREET 2: FLOOR 39 CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2128124700 MAIL ADDRESS: STREET 1: 399 PARK AVENUE STREET 2: FLOOR 39 CITY: NEW YORK STATE: NY ZIP: 10022 SC 13G 1 efc6-0438_5823952sc13g.txt UNITED STATES SECURITIES EXCHANGE COMMISSION Washington, D.C. 20549 - ------------------------------------------------------------------------------ SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 2) LIBERATE TECHNOLOGIES --------------------- (Name of Issuer) Common Stock, $0.01 par value per share ----------------------------------------------- (Title of Class of Securities) 530129105 ------------------------------ (CUSIP Number) December 31, 2005 ------------------------------ (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). Continued on following pages Page 1 of 11 Pages SCHEDULE 13G CUSIP No.: 530129105 Page 2 of 11 Pages ................................................................................ 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). GLENVIEW CAPITAL MANAGEMENT, LLC ................................................................................ 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 None Shares ................................................................ Beneficially 6. Shared Voting Power 9,155,409 Owned by Each ................................................................ Reporting 7. Sole Dispositive Power None Person With ................................................................ 8. Shared Dispositive Power 9,155,409 ................................................................................ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 9,155,409 ................................................................................ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] ................................................................................ 11. Percent of Class Represented by Amount in Row (9) 8.3% based on 110,938,169 shares outstanding as of November 9, 2005. ................................................................................ 12. Type of Reporting Person: OO SCHEDULE 13G CUSIP No.: 530129105 Page 3 of 11 Pages ................................................................................ 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). GLENVIEW CAPITAL GP, LLC ................................................................................ 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 None Shares ................................................................ Beneficially 6. Shared Voting Power 9,155,409 Owned by Each ................................................................ Reporting 7. Sole Dispositive Power None Person With ................................................................ 8. Shared Dispositive Power 9,155,409 ................................................................................ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 9,155,409 ................................................................................ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] ................................................................................ 11. Percent of Class Represented by Amount in Row (9) 8.3% based on 110,938,169 shares outstanding as of November 9, 2005. ................................................................................ 12. Type of Reporting Person: OO SCHEDULE 13G CUSIP No.: 530129105 Page 4 of 11 Pages ................................................................................ 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). GLENVIEW CAPITAL PARTNERS, LP ................................................................................ 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 None Shares ................................................................ Beneficially 6. Shared Voting Power 9,155,409 Owned by Each ................................................................ Reporting 7. Sole Dispositive Power None Person With ................................................................ 8. Shared Dispositive Power 9,155,409 ................................................................................ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 9,155,409 ................................................................................ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] ................................................................................ 11. Percent of Class Represented by Amount in Row (9) 8.3% based on 110,938,169 shares outstanding as of November 9, 2005. ................................................................................ 12. Type of Reporting Person: PN SCHEDULE 13G CUSIP No.: 530129105 Page 5 of 11 Pages ................................................................................ 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). GLENVIEW CAPITAL MASTER FUND, LTD. ................................................................................ 2. Check the Appropriate Box if a Member of a Group (a) [ ] (b) [ ] ................................................................................ 3. SEC Use Only ................................................................................ 4. Citizenship or Place of Organization Cayman Islands, British West Indies ................................................................................ Number of 5. Sole Voting Power None Shares ................................................................ Beneficially 6. Shared Voting Power 9,155,409 Owned by Each ................................................................ Reporting 7. Sole Dispositive Power None Person With ................................................................ 8. Shared Dispositive Power 9,155,409 ................................................................................ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 9,155,409 ................................................................................ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] ................................................................................ 11. Percent of Class Represented by Amount in Row (9) 8.3% based on 110,938,169 shares outstanding as of November 9, 2005. ................................................................................ 12. Type of Reporting Person: CO SCHEDULE 13G CUSIP No.: 530129105 Page 6 of 11 Pages ................................................................................ 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). GLENVIEW INSTITUTIONAL PARTNERS, L.P. ................................................................................ 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 None Shares ................................................................ Beneficially 6. Shared Voting Power 9,155,409 Owned by Each ................................................................ Reporting 7. Sole Dispositive Power None Person With ................................................................ 8. Shared Dispositive Power 9,155,409 ................................................................................ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 9,155,409 ................................................................................ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] ................................................................................ 11. Percent of Class Represented by Amount in Row (9) 8.3% based on 110,938,169 shares outstanding as of November 9, 2005. ................................................................................ 12. Type of Reporting Person: PN SCHEDULE 13G CUSIP No.: 530129105 Page 7 of 11 Pages ................................................................................ 1. Names of Reporting Persons. I.R.S. Identification Nos. of above persons (entities only). LAWRENCE M. ROBBINS ................................................................................ 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 of America ................................................................................ Number of 5. Sole Voting Power None Shares ................................................................ Beneficially 6. Shared Voting Power 9,155,409 Owned by Each ................................................................ Reporting 7. Sole Dispositive Power None Person With ................................................................ 8. Shared Dispositive Power 9,155,409 ................................................................................ 9. Aggregate Amount Beneficially Owned by Each Reporting Person 9,155,409 ................................................................................ 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] ................................................................................ 11. Percent of Class Represented by Amount in Row (9) 8.3% based on 110,938,169 shares outstanding as of November 9, 2005. ................................................................................ 12. Type of Reporting Person: IA Page 8 of 11 Pages Item 1(a). Name of Issuer: Liberate Technologies (the "Issuer") Item 1(b). Address of Issuer's Principal Executive Offices: 310 University Avenue, Suite 210, Palo Alto, CA 94301. Item 2(a). Name of Person Filing This Statement is filed on behalf of each of the following persons (collectively, the "Reporting Persons"): i) Glenview Capital Management, LLC ("Glenview Capital Management"); ii) Glenview Capital GP, LLC ("Glenview Capital GP"); iii) Glenview Capital Partners, L.P. ("Glenview Capital Partners"); iv) Glenview Institutional Partners, L.P. ("Glenview Institutional Partners"); v) Glenview Capital Master Fund, Ltd. ("Glenview Capital Master Fund"); and vi) Lawrence M. Robbins ("Mr. Robbins"). This Statement relates to Shares (as defined herein) held for the accounts of Glenview Capital Partners, Glenview Institutional Partners, Glenview Capital Master Fund, GCM Little Arbor Master Fund, Ltd., a Cayman Islands exempted company ("GCM Little Arbor Master Fund"), GCM Little Arbor Institutional Partners, L.P., a Delaware limited partnership ("GCM Little Arbor Institutional Partners"), and GCM Little Arbor Partners, L.P., a Delaware limited partnership ("GCM Little Arbor Partners"). Glenview Capital Management serves as investment manager to each of Glenview Capital Partners, Glenview Institutional Partners, Glenview Capital Master Fund, GCM Little Arbor Master Fund, GCM Little Arbor Institutional Partners, and GCM Little Arbor Partners. In such capacity, Glenview Capital Management may be deemed to have voting and dispositive power over the Shares held for the accounts of each of Glenview Capital Partners, Glenview Institutional Partners, Glenview Capital Master Fund, GCM Little Arbor Master Fund, GCM Little Arbor Institutional Partners, and GCM Little Arbor Partners. Glenview Capital GP is the general partner of Glenview Capital Partners, Glenview Institutional Partners, GCM Little Arbor Institutional Partners and GCM Little Arbor Partners. Glenview Capital GP also serves as the sponsor of the Glenview Capital Master Fund and the GCM Little Arbor Master Fund. In such capacities, Glenview Capital GP may be deemed to have voting and dispositive power over the Shares held for the accounts of each of Glenview Capital Partners, Glenview Institutional Partners, Glenview Capital Master Fund, GCM Little Arbor Master Fund, GCM Little Arbor Institutional Partners, and GCM Little Arbor Partners. Mr. Robbins is the Chief Executive Officer of Glenview Capital Management and Glenview Capital GP. Item 2(b). Address of Principal Business Office or, if None, Residence The address of the principal business office of each of Glenview Capital Management, Glenview Capital GP, Glenview Capital Partners, Glenview Institutional Partners and Mr. Robbins is 399 Park Avenue, Floor 39, New York, New York 10022. The address of the principal business office of Glenview Capital Master Fund is c/o Goldman Sachs (Cayman) Trust, Limited, Harbour Centre, North Church Street, P.O. Box 896GT, George Town, Grand Cayman, Cayman Islands, British West Indies. Page 9 of 11 Pages Item 2(c). Citizenship i) Glenview Capital Management is a Delaware limited liability company; ii) Glenview Capital GP is a Delaware limited liability company; iii) Glenview Capital Partners is a Delaware limited partnership; iv) Glenview Institutional Partners is a Delaware limited partnership; v) Glenview Capital Master Fund is a Cayman Islands exempted company; and vi) Mr. Robbins is a citizen of the United States of America. Item 2(d). Title of Class of Securities: Common Stock, $0.01 par value per share (the "Shares") Item 2(e). CUSIP Number: 530129105 Item 3. If This Statement is Filed Pursuant to ss.ss.240.13d-1(b) or 240.13d-2(b) or (c), Check Whether the Person Filing is a: This Item 3 is not applicable. Item 4. Ownership: Item 4(a) Amount Beneficially Owned: As of February 14, 2006, each of the Reporting Persons may be deemed to be the beneficial owner of 9,155,409 Shares. This amount consists of: (A) 483,905 Shares held for the account of Glenview Capital Partners; (B) 5,570,787 Shares held for the account of Glenview Capital Master Fund; (C) 2,713,008 Shares held for the account of Glenview Institutional Partners; (D) 303,260 Shares held for the account of GCM Little Arbor Master Fund, (E) 79,274 Shares held for the account of GCM Little Arbor Institutional Partners, and (F) 5,175 Shares held for the account of GCM Little Arbor Partners. Item 4(b) Percent of Class: The number of Shares of which each of the Reporting Persons may be deemed to be the beneficial owner constitutes approximately 8.3% of the total number of Shares outstanding (based upon information provided by the Issuer in its most recently-filed quarterly statement on Form 10-Q, there were 110,938,169 Shares outstanding as of November 9, 2005). Page 10 of 11 Pages Item 4(c) Number of Shares of which such person has: Glenview Capital Management, Glenview Capital GP, Glenview Capital Partners, Glenview Institutional Partners, Glenview Capital Master Fund and Mr. Robbins: - ------------------------------------------------------------------------------ (i) Sole power to vote or direct the vote: 0 (ii) Shared power to vote or direct the vote: 9,155,409 (iii) Sole power to dispose or direct the disposition of: 0 (iv) Shared power to dispose or direct the disposition of: 9,155,409 Item 5. Ownership of Five Percent or Less of a Class: This Item 5 is not applicable Item 6. Ownership of More than Five Percent on Behalf of Another Person: This Item 6 is not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: See disclosure in Item 2 hereof. Item 8. Identification and Classification of Members of the Group: This Item 8 is not applicable. Item 9. Notice of Dissolution of Group: This Item 9 is not applicable. Item 10. Certification: By signing below each of the Reporting Persons certifies that, to the best of their 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. Page 11 of 11 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. Date: February 14, 2006 GLENVIEW CAPITAL MANAGEMENT, LLC By: /s/ Lawrence M. Robbins --------------------------- Name: Lawrence M. Robbins Title: Chief Executive Officer Date: February 14, 2006 GLENVIEW CAPITAL GP, LLC By: /s/ Lawrence M. Robbins --------------------------- Name: Lawrence M. Robbins Title: Chief Executive Officer Date: February 14, 2006 GLENVIEW CAPITAL PARTNERS, L.P. By: Glenview Capital GP, LLC As General Partner By: /s/ Lawrence M. Robbins --------------------------- Name: Lawrence M. Robbins Title: Chief Executive Officer Date: February 14, 2006 GLENVIEW INSTITUTIONAL PARTNERS, L.P. By: Glenview Capital GP, LLC As General Partner By: /s/ Lawrence M. Robbins --------------------------- Name: Lawrence M. Robbins Title: Chief Executive Officer Date: February 14, 2006 GLENVIEW CAPITAL MASTER FUND, LTD. By: Glenview Capital Management, LLC As Investment Manager By: /s/ Lawrence M. Robbins --------------------------- Name: Lawrence M. Robbins Title: Chief Executive Officer Date: February 14, 2006 LAWRENCE M. ROBBINS /s/ Lawrence M. Robbins ---------------------------- -----END PRIVACY-ENHANCED MESSAGE-----