FORM 4 [ ]Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). (Print or Type Responses) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0287 Expires: January 31, 2005 Estimated average burden hours per response. . . . 0.5 1.Name and Address of Reporting Person CCM Master Fund, Ltd.* Coghill Capital Management, L.L.C.+* Coghill Clint D.+* Coghill Grant R.* Coghill Grace A.* (Last) (First) (Middle) One North Wacker - Suite 4725 (Street) Chicago IL 60606 (City) (State) (Zip) 2.Issuer Name and Ticker or Trading Symbol Liberate Technologies, Common Stock (LBRT) 3.I.R.S. Identification Number of Reporting Person, if an entity (voluntary) 4.Statement for Month/Year January, 2003 5.If Amendment, Date of Original Not Applicable (Month/Year) 6.Relationship of Reporting Person(s) to Issuer (Check all applicable) ___Director _x__10% Owner ___Officer (give title below) ___Other (specify below) __________________________________ 7.Individual or Joint/Group Filing (Check Applicable Line) ___Form filed by One Reporting Person _x__Form filed by More than One Reporting Person Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) Liberate Technologies Common shares, $.01 par value Liberate Technologies Common shares, $.01 par value Liberate Technologies Common shares, $.01 par value Liberate Technologies Common shares, $.01 par value Liberate Technologies Common shares, $.01 par value Total: 12,764,621* 2.Transaction Date 1/21/2003 (Month/Day/Year) 3.Transaction Code (Instr. 8) Code V P V 4.Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) Amount (A) or (D) Price 600,000 A $.98 5.Amount of Securities Beneficially Owned at End of Month (Instr. 3 and 4) 12,744,521 12,744,521 12,744,521 13,600 6,500 12,764,621* 6.Ownership Form: Direct (D) or Indirect (I) (Instr. 4) D I I D D 7.Nature of Indirect Beneficial Ownership (Instr. 4) Direct ownership by CCM Master Fund, Ltd.+* Indirect ownership by Coghill Capital Management, L.L.C.+* Indirect by Clint D. Coghill+* Direct ownership by Grant R. Coghill* Direct ownership by Grace A. Coghill* Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1.Title of Derivative Security (Instr.3) Not Applicable 2.Conversion or Exercise Price of Derivative Security Not Applicable 3.Transaction Date (Month/Day/Year) 4.Transaction Code (Instr. 8) Code V 5.Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) (A) (D) 6.Date Exerciseable and Expiration Date (Month/Day/Year) Date Exercisable Expiration Date 7.Title and Amount of Underlying Securities (Instr. 3 and 4) TitleAmount or Number of Shares 8.Price of Derivative Security (Instr. 5) 9.Number of Derivative Securities Beneficially Owned at End of Month (Instr. 4) 10.Ownership Form of Derivative Securities Beneficially Owned at End of Month (Instr. 4) 11.Nature of Indirect Beneficial Ownership (Instr. 4) Explanation of Responses: *The reporting persons disclaim beneficial ownership of the securities except to the extent of their pecuniary interest therein. + Principal of the investment manager or investment manager to the investment management entity in whose account the reported securities are held _____/s/ Clint D. Coghill+*_____ _________January 21, 2003__________ Clint D. Coghill+* Date Signature of Reporting Person Coghill Capital Management, L.L.C.+* __By:/s/ Clint D. Coghill+*_____ _________January 21, 2003__________ Clint D. Coghill+* Date Managing Member CCM Master Fund, Ltd.* __By:/s/ Clint D. Coghill_______ _________January 21, 2003__________ Clint D. Coghill Date Director Grant R. Coghill* __By:/s/ Clint D. Coghill_______ _________January 21, 2003__________ Clint D. Coghill as Custodian for Grant R. Coghill Date Family Member Grace A. Coghill* __By:/s/ Clint D. Coghill_______ _________January 21, 2003__________ Clint D. Coghill as Custodian for Grace A. Coghill Date Family Member Note:File three copies of this Form, on of which must be manually signed. If space is insufficient, see Instruction 6 for procedure