UNITED STATES
              SECURITIES AND EXCHANGE COMMISSION
                     Washington D.C.  20549



                          SCHEDULE 13G

          Under the Securities and Exchange Act of 1934

                        (Amendment No. 1)*


                   Veramark Technologies, Inc.
                        (Name of issuer)


              Common Stock, no par value per share
                 (Title of Class of Securities)


                           923351100
                         (Cusip Number)


                        December 31, 2002
      (Date of the Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

      X Rule 13d-1(b)
      X Rule 13d-1(c)
        Rule 13d-1(d)


CUSIP No.    923351100


1. Names of Reporting Persons
   I.R.S. Identification Nos. of above persons (entities only)
   SUMMIT CAPITAL MANAGEMENT, LLC (#91-1723315)

2. Check the Appropriate Box if a Member of a Group (See Instructions)

(a) _______________________________________________________________

(b) _______________________________________________________________


3. SEC Use Only _______________________________________________________


4. Citizenship or Place of Organization - WASHINGTON STATE


Number of      5. Sole Voting Power                 0.
Shares Bene-
ficially by    6. Shared Voting Power         877,800.
Owned by Each
Reporting      7. Sole Dispositive Power            0.
Person With:
               8. Shared Dispositive Power     877,800.


   9. Aggregate Amount Beneficially Owned by Each Reporting Person

      877,800

  10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
      (See Instructions) _________________________________________________

  11. Percent of Class Represented by Amount in Row (11)   10.5%

  12. Type of Reporting Person (See Instructions)

      IA


    * SEE INSTRUCTIONS BEFORE FILLING OUT!

Item 1.

    (a)  Name of Issuer
         Veramark Technologies, Inc.

    (b)  Address of Issuer's Principal Executive Offices
         3750 Monroe Ave., Pittsford, N.Y. 14534

Item 2.

(a) Name of Person Filing
    (a) SUMMIT CAPITAL MANAGEMENT, LLC; (b) SUMMIT CAPITAL PARTNERS, LP and
    (c) JOHN C. RUDOLF, INDIVIDUAL.

(b) Address of Principal Business Office or, if none, Residence
    601 UNION STREET, SUITE 3900
    SEATTLE, WA 98101

(c) Citizenship
    WASHINGTON STATE

(d) Title of Class of Securities
    COMMON STOCK

(e) CUSIP Number
    923351100

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 (15 U.S.C. 78o).
(b)    Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c)    Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C.
       78c).
(d)    Investment company registered under section 8 of the Investment Company
       Act of 1940 (15 U.S.C. 80a-8).
(e) X  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 (12 U.S.C. 1813).
(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 (15
       U.S.C. 80a-3).
(j)    Group, in accordance with 240.13d-1(b)(1)(ii)(J).

Item 4.  Ownership

  Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.

  (a) Amount beneficially owned:  877,800.

  (b) Percentage of class:          10.5%.

  (c) Number of shares as to which person has:

    (i)   Sole power to vote or direct the vote: 230,000(c).
    (ii)  Shared power to vote or direct the vote: 647,800 (a,c).
    (iii) Sole power to dispose or to direct the disposition of: 230,000(c).
    (iv)  Shared power to dispose or to direct the disposition of: 647,800(a,c).

  Instruction. For computations regarding securities which represent a right to
acquire an underlying security see 240.13d-3(d)(1).

Item 5. Ownership of Five Percent of 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.  ___.

  Instruction.  Dissolution of a group requires a response to this item.

Item 6.  Ownership of More than Five Percent on Behalf of Another Person.

  If any other person is known to have the right to receive or the power to
direct the receipt of dividends from, or the proceeds from the sale of, such
securities, a statement to that effect should be included in response to this
item and, if such interest relates to more than five percent of the class, such
person should be identified.  A listing of the shareholders of an investment
company registered under the Investment Company Act of 1940 or the beneficiaries
of employees benefit plan, pension fund or endowment fund is not required.

         N/A

Item 7.  Identification and Classification of the Subsidiary Which Acquired the
         Security Being Reported on By the Parent Holding Company.

  If a parent holding company has filed this schedule, pursuant to Rule 13d-
1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the
identity and the Item 3 classification of the relevant subsidiary.  If a parent
holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-
1(d), attach an exhibit stating the identification of the relevant subsidiary.

         N/A

Item 8.  Identification and Classification of Members of the Group

  If a group has filed this schedule pursuant to 240.13d-1(b)(1)(ii)(J), so
indicate under Item 3(j) and attach an exhibit stating the identity and Item 3
classification of each member of the group.  If a group has filed this schedule
pursuant to 240.13d-1(c) or 240.13d-1(d), attach an exhibit stating the
identity of each member of the group.

         N/A

Item 9.  Notice of Dissolution of Group

  Notice of dissolution of a group may be furnished as an exhibit stating the
date of the dissolution and that all further filings with respect to transaction
sin the security reported on will be filed, if required, by members of the
group, in their individual capacity.  See Item 5.

         N/A

Item 10.  Certification

(a) The following certification shall be included if the statement is filed
    pursuant to 240.13d-1(b):

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 affect 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.

(b) The following certification shall be included if the statement is filed
    pursuant to 240.13d-1(c):

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.

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.


                           February 4, 2003
                                Date



                           John C. Rudolf
                              Signature


                      John C. Rudolf, Individually and as President of
                      Summit Capital Mangagement, LLC on its own behalf and as
                      General Partner for Summit Capital Partners, LP.
                              Name/Title



CUSIP No.    923351100


1. Names of Reporting Persons
   I.R.S. Identification Nos. of above persons (entities only)
   SUMMIT CAPITAL PARTNERS, LP (#13-3198243)

2. Check the Appropriate Box if a Member of a Group (See Instructions)

(a) _______________________________________________________________

(b) _______________________________________________________________


3. SEC Use Only _______________________________________________________


4. Citizenship or Place of Organization - WASHINGTON STATE


Number of      5. Sole Voting Power                 0.
Shares Bene-
ficially by    6. Shared Voting Power               0.
Owned by Each
Reporting      7. Sole Dispositive Power            0.
Person With:
               8. Shared Dispositive Power          0.


   9. Aggregate Amount Beneficially Owned by Each Reporting Person

      647,800

  10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
      (See Instructions) _________________________________________________

  11. Percent of Class Represented by Amount in Row (11)    7.7%

  12. Type of Reporting Person (See Instructions)

      PN


CUSIP No.    923351100


1. Names of Reporting Persons
   I.R.S. Identification Nos. of above persons (entities only)
   JOHN C. RUDOLF

2. Check the Appropriate Box if a Member of a Group (See Instructions)

(a) _______________________________________________________________

(b) _______________________________________________________________


3. SEC Use Only _______________________________________________________


4. Citizenship or Place of Organization - WASHINGTON STATE


Number of      5. Sole Voting Power           230,000.
Shares Bene-
ficially by    6. Shared Voting Power         647,800.
Owned by Each
Reporting      7. Sole Dispositive Power      230,000.
Person With:
               8. Shared Dispositive Power    647,800.


   9. Aggregate Amount Beneficially Owned by Each Reporting Person

      647,800

  10. Check if the Aggregate Amount in Row (11) Excludes Certain Shares
      (See Instructions) _________________________________________________

  11. Percent of Class Represented by Amount in Row (11)    10.5%.

  12. Type of Reporting Person (See Instructions)

      IN


     JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)1


     This agreement is made pursuant to Rule 13d-1(k)1 under the Securities
     and Exchange Act of 1934 (the "Act") by and amoung the parties listed
     below, each referred to herein as a "Joint Filer".  The Joint Filers
     agree that a statement of beneficial ownership as required by
     Section 13(d) of the Act and the Rules thereunder may be filed on each
     of their behalf on Schedule 13D or Schedule 13G, as appropriate, and
     that said joint filing may thereafter be amended by further joint
     filings.  The Joint Filers state that they each satisfy the requirements
     for making a joint filing under Rule 13d-1.

     Dated: February 4, 2003




     John C. Rudolf, President
     Summit Capital Management, LLC




     John C. Rudolf, Individual




     John C. Rudolf, Managing Member
     Summit Capital Management, LLC, the General Partner of
     Summit Capital Partners, LP