Form 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES 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(h) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0104 Expires: January 31, 2005 Estimated average burden hours per response...0.5 1.Name and Address of Reporting Person(s) CCM Master Fund, Ltd.* Coghill Capital Management, L.L.C.+* Coghill Clint D.+* (Last) (First) (Middle) 225 W. Washington Street - Suite 2200 (Street) Chicago IL 60606 (City) (State) (Zip) 2.Date of Event Requiring Statement (Month/Day/Year) 7/17/2002 3.I.R.S. Identification Number of Reporting Person, if an entity (voluntary) 4.Issuer Name and Ticker or Trading Symbol Copper Mountain Networks, Inc. Common Stock (Nasdaq - CMTN) 5.Relationship of Reporting Person(s) to Issuer (Check all applicable) __Director _x_10% Owner __Officer (give title below)__Other (specify below) 6.If Amendment, Date of Original (Month/Day/Year) Not Applicable 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 Beneficially Owned 1.Title of Security (Instr. 4) Common shares $.001 par value (cusip: 217510106) Common shares $.001 par value (cusip: 217510106) Common shares $.001 par value (cusip: 217510106) Total: 5,701,043* 2.Amount of Securities Beneficially Owned (Instr. 4) 5,701,043 common shares 5,701,043 common shares 5,701,043 common shares 5,701,043 common shares* 3.Ownership Form: Direct (D) or Indirect (I)(Instr. 5) D I I 4.Nature of Indirect Beneficial Ownership (Instr. 5) Direct ownership by CCM Master Fund, Ltd.+* Indirect ownership by Coghill Capital Management, L.L.C.+* Indirect by Clint D. Coghill+* Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1.Title of Derivative Security (Instr. 4) Not Applicable 2.Date Exercisable and Expiration Date (Month/Day/Year) Date Exercisable Expiration Date 3.Title and Amount of Securities Underlying Derivative Security (Instr. 4) Title Amount Or Number Of Shares 4.Conversion or Exercise Price of Derivative Security 5.Ownership Form of Derivative Securities: Direct (D) or Indirect (I) (Instr. 5) 6.Nature of Indirect Beneficial Ownership (Instr. 5) Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Explanation of Responses: *The reporting persons disclaim beneficial ownership of the securities except to the extent of their pecuniary interest therein. The above ownership interest represents the shares owned of Copper Mountain common stock before the occurrence of a 1-for-10 reverse stock split announced at 5:00 p.m. EDT on July 17, 2002. On July 18, 2002, shares of Copper Mountain stock began trading under the temporary ticker CMTND for a period of 20 trading days with a new cusip number 217510205. + 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+*_____ _________July 26, 2002__________ Clint D. Coghill+* Date Signature of Reporting Person Coghill Capital Management, L.L.C.+* __By:/s/ Clint D. Coghill+*_____ _________July 26, 2002__________ Clint D. Coghill+* Date Managing Member CCM Master Fund, Ltd.* __By:/s/ Clint D. Coghill_______ _________July 26, 2002__________ Clint D. Coghill Date Director Note:File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.