SECURITIES & 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)
DATAWATCH CORP
(Name of Issuer)
COMMON STOCK, $0.01 PAR VALUE
(Title of Class of Securities)
237917-20-8
(CUSIP Number)
FEBRUARY 13, 2004
(Date of event which requires filing of this statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule 13G is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
(Page 1 of 12 Pages)
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*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 purposes 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).
CUSIP No. 237917-20-8 13G Page 2 of 12 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. 75-312-4944
OF ABOVE PERSONS (ENTITIES ONLY)
DIKER MICRO VALUE FUND, LP
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
573,448
OWNED BY ______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
573,448
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
573,448
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(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
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(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
10.8%
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(12) TYPE OF REPORTING PERSON **
PN*
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
*The Reporting Person, as defined below, is affiliated with a Registered
Investment Adviser but has elected to file Schedule 13G as of this date
nonetheless. As an affiliate of a Registered Investment Adviser the Reporting
Person disclaims all beneficial ownership of these shares.
CUSIP No. 237917-20-8 13G Page 3 of 12 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. 37-1444083
OF ABOVE PERSONS (ENTITIES ONLY)
DIKER GP, LLC
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
573,448
OWNED BY ______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
573,448
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
573,448
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
10.8%
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
OO*
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
*The Reporting Person, as defined below, is affiliated with a Registered
Investment Adviser but has elected to file Schedule 13G as of this date
nonetheless. As an affiliate of a Registered Investment Adviser the Reporting
Person disclaims all beneficial ownership of these shares.
CUSIP No. 237917-20-8 13G Page 4 of 12 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. 04-3616914
OF ABOVE PERSONS (ENTITIES ONLY)
DIKER MANAGEMENT, LLC
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
573,448
OWNED BY ______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
573,448
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
573,448
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
10.8%
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
IA*
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
*The Reporting Person, as defined below, is a Registered Investment Adviser but
has elected to file Schedule 13G as of this date nonetheless. As a Registered
Investment Adviser the Reporting Person disclaims all beneficial ownership of
these shares.
CUSIP No. 237917-20-8 13G Page 5 of 12 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. 566-92-8736
OF ABOVE PERSONS (ENTITIES ONLY)
CHARLES M. DIKER
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
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NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
573,448
OWNED BY ______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
573,448
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
573,448
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
10.8%
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
IN*
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
*The Reporting Person, as defined below, is affiliated with a Registered
Investment Adviser but has elected to file Schedule 13G as of this date
nonetheless. As an affiliate of a Registered Investment Adviser the Reporting
Person disclaims all beneficial ownership of these shares.
CUSIP No. 237917-20-8 13G Page 6 of 12 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. 055-48-3199
OF ABOVE PERSONS (ENTITIES ONLY)
MARK N. DIKER
-----------------------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP **
(a) [X]
(b) [ ]
-----------------------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------------------
(4) CITIZENSHIP OR PLACE OF ORGANIZATION
UNITED STATES
-----------------------------------------------------------------------------
NUMBER OF (5) SOLE VOTING POWER
-0-
SHARES ______________________________________________________________
BENEFICIALLY (6) SHARED VOTING POWER
573,448
OWNED BY ______________________________________________________________
EACH (7) SOLE DISPOSITIVE POWER
-0-
REPORTING ______________________________________________________________
PERSON WITH (8) SHARED DISPOSITIVE POWER
573,448
-----------------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
573,448
-----------------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES ** [ ]
-----------------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
10.8%
-----------------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON **
IN*
-----------------------------------------------------------------------------
** SEE INSTRUCTIONS BEFORE FILLING OUT!
*The Reporting Person, as defined below, is affiliated with a Registered
Investment Adviser but has elected to file Schedule 13G as of this date
nonetheless. As an affiliate of a Registered Investment Adviser the Reporting
Person disclaims all beneficial ownership of these shares.
CUSIP No. 237917-20-8 13G Page 7 of 12 Pages
Item 1(a). Name of Issuer:
The name of the issuer is DATAWATCH CORPORATION (the "Company").
Item 1(b). Address of Issuer's Principal Executive Offices:
The Company's principal executive offices are located at 175 CABOT STREET,
SUITE 503, LOWELL, MA 01854
Item 2(a). Name of Person Filing:
This statement is filed by:
(i) DIKER MICRO VALUE FUND, LP, a Delaware limited partnership (the
"Partnership") with respect to the shares of the Stock (defined in Item 2(d)
below) directly owned by it;
(ii) DIKER GP, LLC, a Delaware limited liability company ("DIKER GP"),
as the general partner to the Partnership, with respect to the Stock directly
owned by the Partnership;
(iii) DIKER MANAGEMENT, LLC, a Delaware limited liability company
("DIKER MANAGEMENT"), as the investment manager of the Partnership with respect
to the shares of Common Stock held by the Diker Funds and the Managed Accounts;
(iv) CHARLES M. DIKER, a citizen of the United States, and the
managing member of each of Diker GP and Diker Management, with respect to the
shares of Common Stock subject to the control of Diker GP and Diker Management;
and
(v) MARK N. DIKER, a citizen of the United States, and the managing
member of each of Diker GP and Diker Management, with respect to the shares of
Common Stock subject to the control of Diker GP and Diker Management.
The foregoing persons are sometimes collectively referred to as
the "Reporting Persons." Any disclosures herein with respect to persons other
than the Reporting Persons are made on information and belief after making
inquiry to the appropriate party.
CUSIP No. 237917-20-8 13G Page 8 of 12 Pages
Item 2(b). Address of Principal Business Office or, if None, Residence:
The address of the business office of each of the Reporting Persons is 745
FIFTH AVENUE, SUITE 1409, NEW YORK, NEW YORK 10151.
Item 2(c). Citizenship:
EACH OF THE PARTNERSHIP IS A DELAWARE LIMITED PARTNERSHIP. EACH OF
DIKER GP AND DIKER MANAGEMENT IS A DELAWARE LIMITED LIABILITY COMPANY. EACH
OF CHARLES M. DIKER AND MARK N. DIKER IS A UNITED STATES CITIZEN.
Item 2(d). Title of Class of Securities:
COMMON STOCK, $0.01 PAR VALUE (THE "COMMON STOCK").
Item 2(e). CUSIP Number:
237917-20-8
Item 3. If this statement is filed pursuant to Rules 13d-1(b) or 13d-2(b) or
(c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under Section 15 of the Act,
(b) [ ] Bank as defined in Section 3(a)(6) of the Act,
(c) [ ] Insurance Company as defined in Section 3(a)(19) of the
Act,
(d) [ ] Investment Company registered under Section 8 of the
Investment Company Act of 1940,
(e) [ ] Investment Adviser in accordance with Rule 13d-1
(b)(1)(ii)(E),
(f) [ ] Employee Benefit Plan or Endowment Fund in accordance
with 13d-1 (b)(1)(ii)(F),
(g) [ ] Parent Holding Company or control person in accordance
with Rule 13d-1 (b)(1)(ii)(G),
(h) [ ] Savings Association as defined in Section 3(b) of the
Federal Deposit Insurance Act,
(i) [ ] Church Plan that is excluded from the definition of an
investment company under Section 3(c)(14) of the Investment
Company Act of 1940,
(j) [ ] Group, in accordance with Rule 13d-1(b)(1)(ii)(J).
IF THIS STATEMENT IS FILED PURSUANT TO 13D-1(C), CHECK THIS BOX: [X]
CUSIP No. 237917-20-8 13G Page 9 of 12 Pages
Item 4. Ownership.
A. DIKER MICRO VALUE FUND, LP
(a) Amount beneficially owned: 573,448
(b) Percent of class: 10.8% The percentages used herein and in
the rest of Item 4 are calculated based upon the 5,300,862
shares of common stock issued and outstanding as of August 5,
2004 as reported on the Company's 10-Q filed Quarterly on
August 9, 2004.
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 573,448
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 573,448
B. DIKER GP, LLC
(a) Amount beneficially owned: 573,448
(b) Percent of class: 10.8%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 573,448
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 573,448
C. DIKER MANAGEMENT, LLC
(a) Amount beneficially owned: 573,448
(b) Percent of class: 10.8%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 573,448
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 573,448
D. CHARLES M. DIKER
(a) Amount beneficially owned: 573,448
(b) Percent of class: 10.8%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 573,448
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 573,448
E. MARK N. DIKER
(a) Amount beneficially owned: 573,448
(b) Percent of class: 10.8%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 573,448
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the disposition: 573,448
CUSIP No. 237917-20-8 13G Page 10 of 12 Pages
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.
The Partnership is a private investment partnership, the sole general
partner of which is Diker GP. As the sole general partner of the Partnership and
other investment funds, Diker GP, has the power to vote and dispose of the
shares of the Common Stock owned by the Partnership and such other investment
funds and, accordingly, may be deemed the beneficial owner of such shares.
Pursuant to investment advisory agreements, Diker Management serves as the
investment manager of the Partnership. Accordingly, Diker Management may be
deemed the beneficial owner of shares held by the Partnership. Charles M. Diker
and Mark N. Diker are the managing members of each of Diker GP and Diker
Management, and in that capacity direct their operations. Therefore, Charles M.
Diker and Mark N. Diker may be beneficial owners of shares beneficially owned by
Diker GP and Diker Management. The Reporting Persons disclaim all beneficial
ownership, however, as affiliates of a Registered Investment Adviser. The
Reporting Persons have elected to file Schedule 13G at this time nonetheless.
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.
See Item 2.
Item 9. Notice of Dissolution of Group.
Not applicable.
Item 10. Certification.
Each of the Reporting Persons hereby makes the following certification:
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in the
ordinary course of business and 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.
CUSIP No. 237917-20-8 13G Page 11 of 12 Pages
SIGNATURES
After reasonable inquiry and to the best of our knowledge and belief, the
undersigned certify that the information set forth in this statement is true,
complete and correct.
DATED: NOVEMBER 15, 2004
DIKER MICRO VALUE FUND, LP
BY ITS GENERAL PARTNER DIKER GP, LLC
/s/ MARK N. DIKER
---------------------------------------
NAME: MARK N. DIKER
TITLE: MANAGING MEMBER
DIKER GP, LLC
/s/ MARK N. DIKER
---------------------------------------
NAME: MARK N. DIKER
TITLE: MANAGING MEMBER
DIKER MANAGEMENT, LLC
/s/ MARK N. DIKER
---------------------------------------
NAME: MARK N. DIKER
TITLE: MANAGING MEMBER
CUSIP No. 237917-20-8 13G Page 12 of 12 Pages
CHARLES M. DIKER, INDIVIDUALLY
/s/ CHARLES M. DIKER
---------------------------------------
NAME: CHARLES M. DIKER
MARK N. DIKER, INDIVIDUALLY
/s/ MARK N. DIKER
---------------------------------------
NAME: MARK N. DIKER