-----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, D8RPbN/tznrnvPOnOdwiSblagQ7Burw46l6zpCO5BZJ6h9F3So9DYE53cdb6tHXk 7Q71xRayIZY9OjkdKXFCkQ== 0000891618-00-000368.txt : 20000203 0000891618-00-000368.hdr.sgml : 20000203 ACCESSION NUMBER: 0000891618-00-000368 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20000131 GROUP MEMBERS: JAY C. HONG GROUP MEMBERS: RICHARD H. KIMBALL GROUP MEMBERS: TCV II (Q), L.P. GROUP MEMBERS: TCV II STRATEGIC PARTNERS, L.P. GROUP MEMBERS: TCV II, V.O.F. GROUP MEMBERS: TECHNOLOGY CROSSOVER MANAGEMENT II LLC GROUP MEMBERS: TECHNOLOGY CROSSOVER MANAGEMENT II, L.L.C GROUP MEMBERS: TECHNOLOGY CROSSOVER VENTURES II, C.V. GROUP MEMBERS: TECHNOLOGY CROSSOVER VENTURES II, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: COPPER MOUNTAIN NETWORKS INC CENTRAL INDEX KEY: 0001031951 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 330702004 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: SEC FILE NUMBER: 005-56333 FILM NUMBER: 518012 BUSINESS ADDRESS: STREET 1: 3931 SORRENTO VALLEY BLVD STREET 2: 619-453-8799 CITY: SAN DIEGO STATE: CA ZIP: 92121 BUSINESS PHONE: 6194538799 MAIL ADDRESS: STREET 1: 3931 SORRENTO VALLEY BLVD CITY: SAN DIEGO STATE: CA ZIP: 92121 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: TECHNOLOGY CROSSOVER MANAGEMENT II LLC CENTRAL INDEX KEY: 0001040275 STANDARD INDUSTRIAL CLASSIFICATION: [] IRS NUMBER: 770439710 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 56 MAIN ST STREET 2: STE 210 CITY: MILLBURN STATE: NJ ZIP: 07041 BUSINESS PHONE: 9734675320 MAIL ADDRESS: STREET 1: 56 MAIN ST STREET 2: STE 210 CITY: MILLBURN STATE: NJ ZIP: 07041 SC 13G 1 SC 13G 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Schedule 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1 (b), (c) AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2 (b) (Amendment No. 1)* Copper Mountain Networks, Inc. ------------------------------------------------------------------------------ (Name of Issuer) Common Stock ------------------------------------------------------------------------------ (Title of Class of Securities) 217510106 ------------------------------------------------------------------------------ (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). (Continued on following pages) Page 1 of 16 Pages 2 CUSIP NO. 217510106 13 G Page 2 of 16 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON TCV II, V.O.F. See Item 2 for list of Managing General Partners I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Tax ID Number: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Netherlands Antilles - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 24,672(A) SHARES ------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 0(A) REPORTING ------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 24,672(A) ------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0(A) - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 24,672(A) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [X] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.1% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- (A) Excludes an aggregate of 1,664,672 shares owned beneficially by the other reporting persons indicated in this Schedule 13G, as to which this reporting person disclaims beneficial ownership. 3 CUSIP NO. 217510106 13 G Page 3 of 16 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON TECHNOLOGY CROSSOVER VENTURES II, L.P. See Item 2 for identification of General Partner I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Tax ID Number: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 759,536(A) SHARES ------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 0(A) REPORTING ------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 759,536(A) ------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0(A) - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 759,536(A) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [X] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.6% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- (A) Excludes an aggregate of 929,808 shares owned beneficially by the other reporting persons indicated in this Schedule 13G, as to which this reporting person disclaims beneficial ownership. 4 CUSIP NO. 217510106 13 G Page 4 of 16 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON TCV II (Q), L.P. See Item 2 for identification of General Partner I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Tax ID Number: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 583,940(A) SHARES ------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 0(A) REPORTING ------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 583,940(A) ------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0(A) - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 583,940(A) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [X] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 1.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- (A) Excludes an aggregate of 1,105,404 shares owned beneficially by the other reporting persons indicated in this Schedule 13G, as to which this reporting person disclaims beneficial ownership. 5 CUSIP NO. 217510106 13 G Page 5 of 16 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON TCV II STRATEGIC PARTNERS, L.P. See Item 2 for identification of General Partner I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Tax ID Number: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 103,630(A) SHARES ------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 0(A) REPORTING ------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 103,630(A) ------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0(A) - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 103,630(A) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [X] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- (A) Excludes an aggregate of 1,585,714 shares owned beneficially by the other reporting persons indicated in this Schedule 13G, as to which this reporting person disclaims beneficial ownership. 6 CUSIP NO. 217510106 13 G Page 6 of 16 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON TECHNOLOGY CROSSOVER VENTURES II, C.V. See Item 2 for identification of General Partners I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Tax ID Number: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Netherlands Antilles - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 115,968(A) SHARES ------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 0(A) REPORTING ------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 115,968(A) ------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0(A) - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 115,968(A) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [X] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 0.2% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON PN - -------------------------------------------------------------------------------- (A) Excludes an aggregate of 1,573,376 shares owned beneficially by the other reporting persons indicated in this Schedule 13G, as to which this reporting person disclaims beneficial ownership. 7 CUSIP NO. 217510106 13 G Page 7 of 16 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON TECHNOLOGY CROSSOVER MANAGEMENT II, L.L.C. See Item 2 for list of Managing Members I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Tax ID Number: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION Delaware - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 1,587,746(A) SHARES ------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 0(A) REPORTING ------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 1,587,746(A) ------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0(A) - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,587,746(A) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [X] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 3.4% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON OO - -------------------------------------------------------------------------------- (A) Excludes an aggregate of 101,598 shares owned beneficially by the other reporting persons indicated in this Schedule 13G, as to which this reporting person disclaims beneficial ownership. 8 CUSIP NO. 217510106 13 G Page 8 of 16 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON JAY C. HOAG I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Tax ID Number: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 0(A) SHARES ------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 1,587,746(A) REPORTING ------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 1,587,746(A) ------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0(A) - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,587,746(A) - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [X] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 3.4% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- (A) Excludes an aggregate of 101,598 shares beneficially owned by the other reporting persons indicated in this Schedule 13G, as to which this reporting person disclaims beneficial ownership. 9 CUSIP NO. 217510106 13 G Page 9 of 16 Pages - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSON RICHARD H. KIMBALL I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Tax ID Number: - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ] (b) [X] - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION U.S. Citizen - -------------------------------------------------------------------------------- 5 SOLE VOTING POWER NUMBER OF 101,598(A) SHARES ------------------------------------------------------- BENEFICIALLY 6 SHARED VOTING POWER OWNED BY EACH 1,587,746 REPORTING ------------------------------------------------------- PERSON 7 SOLE DISPOSITIVE POWER WITH 1,689,344 ------------------------------------------------------- 8 SHARED DISPOSITIVE POWER 0 - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 1,689,344 - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 3.6% - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON IN - -------------------------------------------------------------------------------- (A) Excludes an aggregate of 1,587,746 shares beneficially owned by the other reporting persons indicated in this Schedule 13G, as to which this reporting person disclaims beneficial ownership. 10 CUSIP NO. 217510106 13 G Page 10 of 16 Pages ITEM 1. (a) NAME OF ISSUER: Copper Mountain Networks, Inc. (b) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES: 2470 Embarcadero Way, Palo Alto, California 94303. ITEM 2. Set forth below is the following information with respect to each of the persons filing this Schedule 13G (together, the "Filing Persons"): (a) name; (b) address of principal offices (if entity) or residence or business address (if individual); (c) citizenship (if individual) or jurisdiction of organization (if entity); (d) title of class of securities and (e) CUSIP number. I. (a) TCV II, V.O.F., a Netherlands Antilles general partnership ("TCV II, V.O.F."). The Managing General Partners of TCV II, V.O.F. are Technology Crossover Management II, L.L.C., a Delaware limited liability company ("TCM II") and Technology Crossover Administrator II, N.V., a Netherlands Antilles corporation ("TCA II"). The sole Managing Members of TCM II are Jay C. Hoag ("Hoag") and Richard H. Kimball ("Kimball"). TCA II is ultimately controlled by Hoag and Kimball. (b) Pietermaai 15, Willemstad, Curacao, Netherlands Antilles (c) Netherlands Antilles (d) Common Stock (e) 217510106 II. (a) Technology Crossover Ventures II, L.P., a Delaware limited partnership ("TCV II, L.P."). The General Partner of TCV II, L.P. is TCM II. (b) 575 High Street, Suite 400, Palo Alto, CA 94301 (c) Delaware (d) Common Stock (e) 217510106 III. (a) TCV II (Q), L.P., a Delaware limited partnership ("TCV II (Q)"). The General Partner of TCV II (Q) is TCM II. (b) 575 High Street, Suite 400, Palo Alto, CA 94301 (c) Delaware (d) Common Stock (e) 217510106 11 CUSIP NO. 217510106 13 G Page 11 of 16 Pages IV. (a) TCV II Strategic Partners, L.P., a Delaware limited partnership ("TCV II SP"). The General Partner of TCV II Strategic Partners is TCM II. (b) 575 High Street, Suite 400, Palo Alto, CA 94301 (c) Delaware (d) Common Stock (e) 217510106 V. (a) Technology Crossover Ventures II, C.V., a Netherlands Antilles limited partnership ("TCV II, C.V."). The Managing General Partners of TCV II, C.V. are TCM II and TCA II. (b) Pietermaai 15, Willemstad, Curacao, Netherlands Antilles (c) Netherlands Antilles (d) Common Stock (e) 217510106 VI. (a) Technology Crossover Management II, L.L.C., a Delaware limited liability company. (b) 575 High Street, Suite 400, Palo Alto, CA 94301 (c) Delaware (d) Common Stock (e) 217510106 VII. (a) Jay C. Hoag (b) 575 High Street, Suite 400, Palo Alto, CA 94301 (c) U.S. Citizen (d) Common Stock (e) 217510106 VIII. (a) Richard H. Kimball (b) 575 High Street, Suite 400, Palo Alto, CA 94301 (c) U.S. Citizen (d) Common Stock (e) 217510106 ITEM 3. Not Applicable 12 CUSIP NO. 217510106 13 G Page 12 of 16 Pages ITEM 4. (a), (b) and (c) This Schedule 13G shall not be construed as an admission that any Filing Person is, either for purposes of Section 13(d) or 13(g) of the Act or for other purposes, the beneficial owner of any Common Stock disclosed in this Schedule 13G. The aggregate number and percentage of the class of securities identified pursuant to Item 1 of this Schedule 13G that, pursuant to Rule 13d-3, may be deemed to be beneficially owned by each Filing Person are as follows:
Common Stock Beneficially % of Class Dispositive Filing Person Owned (1) Voting Power Power ------------- ------------ ---------- ------------ ----------- TCV II, V.O.F. (2) 24,672 0.1% sole sole TCV II, L.P. (2) 759,536 1.6% sole sole TCV II (Q) (2) 583,940 1.2% sole sole TCV II SP (2) 103,630 0.2% sole sole TCV II, C.V. (2) 115,968 0.2% sole sole TCM II 1,587,746 3.4% sole sole Hoag (3) 1,587,746 3.4% shared sole Kimball (3) 1,689,344 3.6% shared(4) sole
(1) All percentages in this table are based on the 47,017,184 shares of Common Stock of the Company outstanding, as reported in the Company's current report on Form 8-K filed with the Securities and Exchange Commission on November 10, 1999. (2) Each noted entity (together, the "TCV II Funds") is the holder of record of the securities set forth opposite the name of such entity and has sole voting and investment power with respect to such securities. TCM II, as sole General Partner of TCV II, L.P., TCV II (Q) and TCV II SP, and as Investment General Partner of TCV II, V.O.F. and TCV II, C.V., may also be deemed to have sole voting and investment power with respect to such securities. TCM II disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein. (3) Under the operating agreement of TCM II, Hoag and Kimball have the independent power to cause the funds managed by such entity to buy and sell securities of publicly traded portfolio companies, however, in general, they must act by unanimous consent with respect to all other matters, including directing the voting of such securities. As a result, Hoag and Kimball may also be deemed to have sole dispositive power and shared voting power with respect to the securities held by TCV II Funds. Hoag and Kimball disclaim beneficial ownership of such securities except to the extent of their respective pecuniary interests therein. (4) Kimball shares voting power over an aggregate of 1,587,746 shares with Hoag. Kimball possesses sole voting power over 101,598 shares. 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 the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities check the following [X]. 13 CUSIP NO. 217510106 13 G Page 13 of 16 Pages 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 This Schedule 13G is being filed jointly pursuant to Rule 13d-1(k). As a result of the relationships among the Filing Persons described herein, some or all of the Filing Persons may be deemed to comprise a "group" within the meaning of Section 13 and the Rules promulgated thereunder. However, the Filing Persons deny such group status. 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. 14 CUSIP NO. 217510106 13 G Page 14 of 16 Pages MATERIAL TO BE FILED AS EXHIBITS The following exhibit was filed as Exhibit A to the Schedule 13D relating to the Common Stock of Digital Generation Systems, Inc. filed by the undersigned with the Securities and Exchange Commission on September 5, 1997 and is hereby incorporated herein by reference, as updated by Exhibit B hereto: Exhibit A - Statement Appointing Designated Filer and Authorized Signer dated September 5, 1997 The following exhibit was filed as Exhibit B to the Schedule 13G relating to the Common Stock of PSW Technologies, Inc. filed by the undersigned with the Securities and Exchange Commission on October 23, 1998 and is hereby incorporated herein by reference: Exhibit B - October 23, 1998 Update to Exhibit A to the Designated Filer Statement 15 CUSIP NO. 217510106 13 G Page 15 of 16 Pages SIGNATURES 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: January 28, 2000 TCV II, V.O.F., a Netherlands Antilles General Partnership By: /s/ Robert C. Bensky ----------------------------------- Robert C. Bensky Authorized Signatory Dated: January 28, 2000 TECHNOLOGY CROSSOVER VENTURES II, L.P., a Delaware Limited Partnership By: /s/ Robert C. Bensky ----------------------------------- Robert C. Bensky Authorized Signatory Dated: January 28, 2000 TCV II (Q), L.P., a Delaware Limited Partnership By: /s/ Robert C. Bensky ----------------------------------- Robert C. Bensky Authorized Signatory Dated: January 28, 2000 TCV II STRATEGIC PARTNERS, L.P., a Delaware Limited Partnership By: /s/ Robert C. Bensky ----------------------------------- Robert C. Bensky Authorized Signatory 16 CUSIP NO. 217510106 13 G Page 16 of 16 Pages Dated: January 28, 2000 TECHNOLOGY CROSSOVER VENTURES II, C.V., a Netherlands Antilles Limited Partnership By: /s/ Robert C. Bensky ----------------------------------- Robert C. Bensky Authorized Signatory Dated: January 28, 2000 TECHNOLOGY CROSSOVER MANAGEMENT II, L.L.C., a Delaware Limited Liability Company By: /s/ Robert C. Bensky ----------------------------------- Robert C. Bensky Authorized Signatory Dated: January 28, 2000 JAY C. HOAG By: /s/ Robert C. Bensky ----------------------------------- Robert C. Bensky Authorized Signatory Dated: January 28, 2000 RICHARD H. KIMBALL By: /s/ Robert C. Bensky ----------------------------------- Robert C. Bensky Authorized Signatory -----END PRIVACY-ENHANCED MESSAGE-----