-----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, MG9cgKwH69vL/Hs6icpCMFz9ePGplN5fBZXCpi3AI8fa78bfk482xZi0uIitvib+ XYmbQNyuVaG+leERiaCYkg== 0000910643-01-500024.txt : 20010516 0000910643-01-500024.hdr.sgml : 20010516 ACCESSION NUMBER: 0000910643-01-500024 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20010515 GROUP MEMBERS: CAVALLO CAPITAL CORP. GROUP MEMBERS: STRONG RIVER INVESTMENTS INC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL DATACOMM INDUSTRIES INC CENTRAL INDEX KEY: 0000040518 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 060853856 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-33371 FILM NUMBER: 1635390 BUSINESS ADDRESS: STREET 1: ROUTE 63 CITY: MIDDLEBURY STATE: CT ZIP: 06762 BUSINESS PHONE: 2035741118 MAIL ADDRESS: STREET 1: P O BOX 1299 CITY: MIDDLEBURY STATE: CT ZIP: 06762-1299 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STRONG RIVER INVESTMENTS INC CENTRAL INDEX KEY: 0001101751 STANDARD INDUSTRIAL CLASSIFICATION: [] FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: GONZALEZ-RUIZ ALEMAN LTD WICKHAMS CAY I STREET 2: VANTERPOOL PLZ PO BOX 873 ROAD TOWN CITY: TORTOLLA BVI MAIL ADDRESS: STREET 1: GONZALES-RUIZ ALEMAN LTD WICKHAMS CAY I STREET 2: VANTERPOOL PLZ PO BOX 873 ROAD TOWN CITY: TORTOLLA BVI SC 13G 1 file001.htm MISC\MAY 13G GENERAL DATACOMM Schedule 13G

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G
(Rule 13d-102)

     INFORMATION TO BE INCLUDED IN THE STATEMENTS FILED PURSUANT TO RULES
     13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(b)

(Amendment No. 1)*

General DataComm Industries, Inc.


(Name of Issuer)

Common Stock $.10 par value per share


(Title of Class of Securities)

369487103


(CUSIP Number)

February 13, 2001


(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).

SCHEDULE 13G

CUSIP NO. 369487103
_____________________________________________________________________________
1    NAMES OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

     Strong River Investments, Inc.
_____________________________________________________________________________
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*      (a) [X]
                                                            (b) [ ]
_____________________________________________________________________________
3    SEC USE ONLY
_____________________________________________________________________________
4    CITIZENSHIP OR PLACE OF ORGANIZATION

     British Virgin Islands
_____________________________________________________________________________

NUMBER OF      5    SOLE VOTING POWER

SHARES              -0-
               ______________________________________________________________
BENEFICIALLY   6    SHARED VOTING POWER

OWNED BY            694,100 (See Item 4)
               ______________________________________________________________
EACH           7    SOLE DISPOSITIVE POWER

REPORTING           -0-
               ______________________________________________________________
PERSON         8    SHARED DISPOSITIVE POWER

WITH                694,100 (See Item 4)
_____________________________________________________________________________
9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     694,100 (See Item 4)
_____________________________________________________________________________
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                   [ ]                                                                                                                          [ ]
_____________________________________________________________________________
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     2.42%(See Item 4)
_____________________________________________________________________________
12   TYPE OF REPORTING PERSON*

     CO
_____________________________________________________________________________

                     * SEE INSTRUCTIONS BEFORE FILLING OUT!

Page 2 of 7

_____________________________________________________________________________
1    NAMES OF REPORTING PERSONS
     I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (Entities Only)

     Cavallo Capital Corp.
_____________________________________________________________________________
2    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*        (a) [X]
                                                              (b) [ ]
_____________________________________________________________________________
3    SEC USE ONLY
_____________________________________________________________________________
4    CITIZENSHIP OR PLACE OF ORGANIZATION

     New York
_____________________________________________________________________________

NUMBER OF      5    SOLE VOTING POWER

SHARES              -0-
               ______________________________________________________________
BENEFICIALLY   6    SHARED VOTING POWER

OWNED BY            694,100 (See Item 4)
               ______________________________________________________________
EACH           7    SOLE DISPOSITIVE POWER

REPORTING           -0-
               ______________________________________________________________
PERSON         8    SHARED DISPOSITIVE POWER

WITH                694,100 (See Item 4)
_____________________________________________________________________________
9    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

     694,100 (See Item 4)
_____________________________________________________________________________
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*

                                                                   [ ]                                                                                                                          [ ]
_____________________________________________________________________________
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

     2.42%(See Item 4)
_____________________________________________________________________________
12   TYPE OF REPORTING PERSON*

     CO
_____________________________________________________________________________

                     * SEE INSTRUCTIONS BEFORE FILLING OUT!

Page 3 of 7

SCHEDULE 13G

CUSIP NO. 369487103

Item 1(a) Name of Issuer:
                 General DataComm Industries, Inc. (the "Company").

Item 1(b). Address of Issuer's Principal Executive Offices:
                  Park Road Extension, Middlebury, CT 06762-1805.

Item 2(a). Name of Persons Filing:
                  Strong River Investments, Inc. ("Strong River")
                  Cavallo Capital Corp. ("Cavallo")

Item 2(b). Address of Principal Business Office or, if None, Residence:
                  Strong River
                  Gonzalez-Ruiz & Aleman (BVI) Limited, Wickhams Cay I, Vanterpool Plaza,
                  P.O. Box 873, Road Town, Tortolla, BVI.

                  Cavallo:
                  660 Madison Avenue, 18th floor, New York, NY 10021.

Item 2(c). Citizenship:
                  Strong River
                  British Virgin Islands.

                  Cavallo:
                  New York

Item 2(d). Title of Class of Securities:
                  Common Stock, par value $.10 per share, of the Company (the "Common Stock").

Item 2(e). CUSIP Number:
                  369487103

Item 3. If this Statement Is Filed Pursuant to Rules 13d-1(b), or 13d-2(b) or (c), Check Whether the Persons Filing are a:

     (a) [ ] Broker or dealer registered under Section 15 of the Exchange Act;
     (b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act;
     (c) [ ] Insurance company as defined in Section 3(a)(19) of the Exchange Act;
     (d) [ ] Investment company registered under Section 8 of the Investment Company Act;
     (e) [ ] An investment advisor in accordance with Rule 13-d(b)(1)(ii)(E);
     (f)  [ ] An employee benefit plan or endowment fund in accordance with Rule 13d- 1(b)(1)(ii)(F);
     (g) [ ] A parent holding company or control person in accordance with Rule 13d- 1(b)(1)(ii)(G);
     (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act;

Page 4 of 7

SCHEDULE 13G

CUSIP NO. 369487103

     (i)  [ ] A church plan that is excluded from the definition of an investment company under Section
               (c)(14) of the Investment Company Act;
     (j)  [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).

     If this statement is filed pursuant to Rule 13d-1(c), check this box. [X]

Item 4. Ownership.
               Provide the following information regarding the aggregate number and percentages
               of securities of the Issuer identified in Item 1.

               Strong River and Cavallo (see Item 6 hereof):

               (a) Amount beneficially owned:  694,100 shares of Common Stock*

               (b) Percent of class:
                    2.42% (based on 28,708,217 shares of Common Stock outstanding as of
                    February 20, 2001 as reported by the Company on Form 10-Q for the period ending
                    on December 31, 2000 as filed on February 20, 2001).

               (c) Number of shares to which Strong River has:

                    (i) Sole power to vote or direct the vote:
                         -0-

                    (ii) Shared power to vote or direct the vote:
                         694,100 shares of Common Stock*

                    (iii) Sole power to dispose or to direct the disposition of:
                         -0-

                    (iv) Shared power to dispose of or direct the disposition of:
                         694,100 shares of Common Stock*

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:
__________________
* Includes (a) 619,100 shares of Common Stock, currently held by Strong River and (b)75,000 shares of Common Stock issuable to Strong River upon the exercise of a warrant issued to Strong River by the Company. The holder of the warrant and preferred stock is prohibited from exercising such warrant to the extent that such exercise would result in such holder, together with any affiliate thereof, beneficially owning in excess of 9.999% of the outstanding shares of Common Stock following such exercise. This restriction may be waived by the holder of such warrant on not less than 61 days' notice to the Company.

Page 5 of 7

SCHEDULE 13G

CUSIP NO. 369487103

              Pursuant to an investment management agreement between Strong River and Cavallo, Cavallo has the power to sell or vote on behalf of Strong River, some or all of the shares of Common Stock to which this report relates. As such, under Rule 13d-3(a), Cavallo may be deemed to be the beneficial owner of such shares

Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being
             Reported 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 a Group.
             Not applicable.

Item 10. Certification.
               By signing below, the undersigned certifies that, to the best of its 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 such purpose or effect.

Page 6 of 7

SCHEDULE 13G

CUSIP NO. 369487103

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: May 14, 2001

     Strong River Investments, Inc.

     By:  Cavallo Capital Corp., Investment Manager

     By:  /s/   Avi Vigder   
          Name:   Avi Vigder
          Title:   President


     Cavallo Capital Corp.

     By:  /s/   Avi Vigder   
          Name:   Avi Vigder
          Title:   President

Page 7 of 7

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