UNITED STATES
SECURITIES EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Liberate Technologies
(Name of Issuer)
Common Stock
(Title of Class of Securities)
530129-10-5
(CUSIP Number)
January 22, 2004
(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)
Page 2 of 10 Pages
CUSIP No. 530129-10-5
| 1. Names of Reporting Persons.
Glenview Capital Management, LLC
I.R.S. Identification Nos. of above persons (entities only).
13-4136746 | ||||
| 2. Check the Appropriate Box if a Member of a Group
(a) x
(b) ¨ | ||||
| 3. SEC Use Only | ||||
| 4. Citizenship or Place of Organization |
Delaware, United States | |||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5. Sole Voting Power |
None | ||
| 6. Shared Voting Power |
5,766,500 | |||
| 7. Sole Dispositive Power |
None | |||
| 8. Shared Dispositive Power |
5,766,500 | |||
| 9. Aggregate Amount Beneficially Owned by Each Reporting Person 5,766,500 | ||||
| 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares ¨ | ||||
| 11. Percent of Class Represented by Amount in Row (9)
5.491% based on 104,999,213 shares outstanding as of December 31, 2003. | ||||
| 12. Type of Reporting Person: OO | ||||
Page 3 of 10 Pages
| 1. Names of Reporting Persons.
Glenview Capital GP, LLC
I.R.S. Identification Nos. of above persons (entities only).
13-4136749 | ||||
| 2. Check the Appropriate Box if a Member of a Group
(a) x
(b) ¨ | ||||
| 3. SEC Use Only | ||||
| 4. Citizenship or Place of Organization |
Delaware, United States | |||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5. Sole Voting Power |
None | ||
| 6. Shared Voting Power |
5,766,500 | |||
| 7. Sole Dispositive Power |
None | |||
| 8. Shared Dispositive Power |
5,766,500 | |||
| 9. Aggregate Amount Beneficially Owned by Each Reporting Person 5,766,500 | ||||
| 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares ¨ | ||||
| 11. Percent of Class Represented by Amount in Row (9)
5.491% based on 104,999,213 shares outstanding as of December 31, 2003. | ||||
| 12. Type of Reporting Person: OO | ||||
Page 4 of 10 Pages
| 1. Names of Reporting Persons.
Glenview Capital Partners, L.P.
I.R.S. Identification Nos. of above persons (entities only).
13-4141851 | ||||
| 2. Check the Appropriate Box if a Member of a Group
(a) x
(b) ¨ | ||||
| 3. SEC Use Only | ||||
| 4. Citizenship or Place of Organization |
Delaware, United States | |||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5. Sole Voting Power |
None | ||
| 6. Shared Voting Power |
5,766,500 | |||
| 7. Sole Dispositive Power |
None | |||
| 8. Shared Dispositive Power |
5,766,500 | |||
| 9. Aggregate Amount Beneficially Owned by Each Reporting Person 5,766,500 | ||||
| 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares ¨ | ||||
| 11. Percent of Class Represented by Amount in Row (9)
5.491% based on 104,999,213 shares outstanding as of December 31, 2003. | ||||
| 12. Type of Reporting Person: PN | ||||
Page 5 of 10 Pages
| 1. Names of Reporting Persons.
Glenview Capital Master Fund, Ltd.
I.R.S. Identification Nos. of above persons (entities only).
98-0385693 | ||||
| 2. Check the Appropriate Box if a Member of a Group
(a) x
(b) ¨ | ||||
| 3. SEC Use Only | ||||
| 4. Citizenship or Place of Organization |
Cayman Islands, British West Indies | |||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5. Sole Voting Power |
None | ||
| 6. Shared Voting Power |
5,766,500 | |||
| 7. Sole Dispositive Power |
None | |||
| 8. Shared Dispositive Power |
5,766,500 | |||
| 9. Aggregate Amount Beneficially Owned by Each Reporting Person 5,766,500 | ||||
| 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares ¨ | ||||
| 11. Percent of Class Represented by Amount in Row (9)
5.491% based on 104,999,213 shares outstanding as of December 31, 2003. | ||||
| 12. Type of Reporting Person: OO | ||||
Page 6 of 10 Pages
| 1. Names of Reporting Persons.
Glenview Institutional Partners, L.P.
I.R.S. Identification Nos. of above persons (entities only).
13-4153722 | ||||
| 2. Check the Appropriate Box if a Member of a Group
(a) x
(b) ¨ | ||||
| 3. SEC Use Only | ||||
| 4. Citizenship or Place of Organization |
Delaware, United States | |||
| Number of Shares Beneficially Owned by Each Reporting Person With |
5. Sole Voting Power |
None | ||
| 6. Shared Voting Power |
5,766,500 | |||
| 7. Sole Dispositive Power |
None | |||
| 8. Shared Dispositive Power |
5,766,500 | |||
| 9. Aggregate Amount Beneficially Owned by Each Reporting Person 5,766,500 | ||||
| 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares ¨ | ||||
| 11. Percent of Class Represented by Amount in Row (9)
5.491% based on 104,999,213 shares outstanding as of December 31, 2003. | ||||
| 12. Type of Reporting Person: PN | ||||
Page 7 of 10 Pages
| Item 1(a). | Name of Issuer: |
Liberate Technologies
| Item 1(b). | Address of Issuer’s Principal Executive Offices: |
2 Circle Star Way
San Carlos, California 94070-6200
650-701-4000
| Item 2(a). | Name of Person Filing |
| Item 2(b). | Address of Principal Business Office or, if None, Residence |
| Item 2(c). | Citizenship |
Glenview Capital Management, LLC
399 Park Avenue, Floor 39
New York, New York 10022
Delaware limited liability company
Glenview Capital GP, LLC
399 Park Avenue, Floor 39
New York, New York 10022
Delaware limited liability company
Glenview Capital Partners, L.P.
399 Park Avenue, Floor 39
New York, New York 10022
Delaware limited partnership
Glenview Institutional Partners, L.P.
399 Park Avenue, Floor 39
New York, New York 10022
Delaware limited partnership
Glenview Capital Master Fund, Ltd.
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
Cayman Island exempted company
Page 8 of 10 Pages
| Item 2(d). | Title of Class of Securities: |
Common Stock
| Item 2(e). | CUSIP Number: |
530129-10-5
| Item 3. | If This Statement is Filed Pursuant to §§240.13d-1(b) or 240.13d-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) | ¨ An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E); |
| (f) | ¨ An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F); |
| (g) | ¨ A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G); |
| (h) | ¨ A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act; |
| (i) | ¨ A 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 §240.13d-1(b)(1)(ii)(J). |
| Item 4. | Ownership: |
Glenview Capital Management, LLC
Glenview Capital GP, LLC
Glenview Capital Partners, L.P.
Glenview Institutional Partners, L.P.
Glenview Capital Master Fund, Ltd.
a. Amount beneficially owned: Glenview Capital Partners, L.P. beneficially owns 784,900 shares, Glenview Institutional Partners, L.P. beneficially owns 1,848,600 shares and Glenview Capital Master Fund, Ltd. beneficially owns 3,133,000 shares, for an aggregate total of 5,766,500 shares.
b. Percent of Class: 5.491% based on 104,999,213 shares outstanding as of December 31, 2003.
Page 9 of 10 Pages
The sole power to vote or direct the vote of the entire shareholding and the sole power to dispose of or direct the disposal of the entire shareholding has been delegated to Glenview Capital Management, LLC as Investment Manager for each of Glenview Capital Partners, L.P., Glenview Institutional Partners, L.P. and Glenview Capital Master Fund, Ltd. In addition, Glenview Capital GP, LLC serves as general partner for each of Glenview Capital Partners, L.P. and Glenview Institutional Partners, L.P.
| 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: |
Not applicable
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company of Control Person: |
Not applicable.
| Item 8. | Identification and Classification of Members of the Group: |
Not applicable.
| 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.
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.
| January 30, 2004 |
| Date
|
| /s/ Lawrence M. Robbins |
| Lawrence M. Robbins, Chief Executive Officer |
| GLENVIEW CAPITAL MANAGEMENT, LLC |
| /s/ Lawrence M. Robbins |
| Lawrence M. Robbins, Chief Executive Officer
|
| GLENVIEW CAPITAL GP, LLC |
| /s/ Lawrence M. Robbins |
| Lawrence M. Robbins, Chief Executive Officer
|
| GLENVIEW CAPITAL PARTNERS, L.P. | ||
| By: |
Glenview Capital GP, LLC as General Partner | |
| /s/ Lawrence M. Robbins |
| Lawrence M. Robbins, Chief Executive Officer
|
| GLENVIEW INSTITUTIONAL PARTNERS, L.P. | ||
| By: |
Glenview Capital GP, LLC as General Partner | |
| /s/ Lawrence M. Robbins |
| Lawrence M. Robbins, Chief Executive Officer
|
| GLENVIEW CAPITAL MASTER FUND, LTD. | ||
| By: |
Glenview Capital Management, LLC as Investment Manager | |
| /s/ Lawrence M. Robbins |
| Lawrence M. Robbins, Chief Executive Officer |