SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13D

(Rule 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO 13d-2(a)

(Amendment No. 1)

DSET Corporation

(Name of Issuer)

Common Stock

(Title of Class of Securities)

262504103

(CUSIP Number)

Barton W. Stuck
Signal Lake Venture Fund, L.P.
606 Post Road East
Suite 667
Westport, Connecticut 06880-4549
(203) 454-1133
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

November 8, 2002

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1 (e), 13d-1(f) or 13d-1 (g), check the following box. Ö

(Continued on following pages)

(Page 1 of 16 Pages)

*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 disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 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. 262504103				13D	Page 2 of 16 Pages

1	NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Signal Lake Venture Fund, L.P.
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ¨ (b) ¨
3	SEC USE ONLY
4	SOURCE OF FUNDS* OO
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ¨
6	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES		7	SOLE VOTING POWER None
BENEFICIALLY OWNED BY		8	SHARED VOTING POWER 442,381
EACH REPORTING		9	SOLE DISPOSITIVE POWER None
PERSON WITH		10	SHARED DISPOSITIVE POWER 442,381
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 442,381
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ¨
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.6%
14	TYPE OF REPORTING PERSON* PN

CUSIP No. 262504103				13D	Page 3 of 16 Pages

1	NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Signal Lake, LLC
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ¨ (b) ¨
3	SEC USE ONLY
4	SOURCE OF FUNDS* OO
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ¨
6	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF SHARES		7	SOLE VOTING POWER None
BENEFICIALLY OWNED BY		8	SHARED VOTING POWER 442,381
EACH REPORTING		9	SOLE DISPOSITIVE POWER None
PERSON WITH		10	SHARED DISPOSITIVE POWER 442,381
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 442,381
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ¨
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.6%
14	TYPE OF REPORTING PERSON* OO

CUSIP No. 262504103				13D	Page 4 of 16 Pages

1	NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Barton W. Stuck
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ¨ (b) ¨
3	SEC USE ONLY
4	SOURCE OF FUNDS* OO
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ¨
6	CITIZENSHIP OR PLACE OF ORGANIZATION United States
NUMBER OF SHARES		7	SOLE VOTING POWER None
BENEFICIALLY OWNED BY		8	SHARED VOTING POWER 442,381
EACH REPORTING		9	SOLE DISPOSITIVE POWER None
PERSON WITH		10	SHARED DISPOSITIVE POWER 442,381
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 442,381
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ¨
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.6%
14	TYPE OF REPORTING PERSON* IN

CUSIP No. 262504103				13D	Page 5 of 16 Pages

1	NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Michael E. Weingarten
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) ¨ (b) ¨
3	SEC USE ONLY
4	SOURCE OF FUNDS* OO
5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ¨
6	CITIZENSHIP OR PLACE OF ORGANIZATION United States
NUMBER OF SHARES		7	SOLE VOTING POWER None
BENEFICIALLY OWNED BY		8	SHARED VOTING POWER 442,381
EACH REPORTING		9	SOLE DISPOSITIVE POWER None
PERSON WITH		10	SHARED DISPOSITIVE POWER 442,381
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 442,381
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* ¨
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 8.6%
14	TYPE OF REPORTING PERSON* IN

SCHEDULE 13D

SECURITY AND ISSUER.

This Amendment No. 1 to Statement on Schedule 13D (this "Amendment No. 1") relates to the common stock (the "Common Stock") of DSET Corporation., a New Jersey corporation (the "Issuer").

The principal executive offices of the Issuer are located at 661 Shrewsbury Avenue, Shrewsbury, New Jersey 07702.

IDENTITY AND BACKGROUND.

This Amendment No. 1 is filed by each of the following persons (the "Reporting Persons"):

Signal Lake Venture Fund, L.P., a Delaware limited partnership ("Signal Lake");
Signal Lake, LLC, a Delaware limited liability company, which is the general partner of Signal Lake; and

Barton W. Stuck and

The address of the principal business office of Signal Lake, Signal Lake, LLC, and Messrs. Weingarten and Stuck is 606 Post Road East, Suite 667, Westport, Connecticut 06880-4549.

The principal business of Signal Lake and Signal Lake, LLC is to make and hold investments in various entities. The principal business of Messrs. Stuck and Weingarten is to act as the managers of Signal Lake, LLC and of Signal Lake II, LLC, which is the general partner of Signal Lake Venture Fund II, L.P. ("Signal Lake II, L.P.") and the managing member of Signal Lake II Strategic Partners, LLC ("Signal Lake II, LLC"). The principal business of Signal Lake II, L.P. and Signal Lake II, LLC is to make and hold investments in various entities. The principal office of Signal Lake II, L.P. and Signal Lake II, LLC is 606 Post Road East, Suite 667, Westport, Connecticut 06880-4549.

During the last five years, none of the Reporting Persons or, to the best of their knowledge, any of their executive officers, have been convicted of any criminal proceeding (excluding traffic violations or similar misdemeanors).

During the last five years, none of the Reporting Persons or, to the best of their knowledge, any of their executive officers, have been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violation with respect to such laws.

Each of Messrs. Stuck and Weingarten is a United States citizen.

SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.

Not applicable.

PURPOSE OF TRANSACTION.

On November 8, 2002, the Issuer issued a press release announcing that it had signed an Agreement of Merger (the "Merger Agreement") by and among NE Technologies, Inc. (the "Parent"), NE Technologies Acquisition Corporation, a wholly-owned subsidiary of Parent ("Merger Sub"), and the Issuer. Merger Sub is a newly formed corporation organized by Parent.

Under the terms of the Merger Agreement, the Issuer will merge (the "Merger") with and into the Merger Sub, and the shareholders of the Issuer will receive $0.30 in cash for each outstanding share of the Company's Common Stock. The Merger is subject to various conditions, including approval by the Issuer's shareholders. Signal Lake Venture Fund, L.P. has executed a

Stockholder Agreement, dated as of November 8, 2002, by and among NE Technologies, Inc., NE Technologies Acquisition Corporation and Signal Lake Venture Fund, L.P., pursuant to which it has agreed to vote in favor of the Merger (the "Stockholder Agreement"). The Stockholder Agreement is attached hereto as Exhibit 5 and incorporated herein by reference.

The Reporting Persons will review from time to time various factors relevant to their beneficial ownership of the Common Stock, including trading prices for the Common Stock and conditions in capital markets generally, developments in the Issuer's business and financial condition, results of operations and prospects, and other factors and, based thereon, may pursue the possible sale of some or all of the Common Stock in privately negotiated transactions, market sales or otherwise, as well as one or more transactions relating to the Issuer, including a merger, consolidation or other form of business combination transaction, recapitalization or liquidation.

Except as set forth above, the Reporting Persons have no present plans or proposals which relate or would result in any of the actions described in Item 4(a) through (j) of Schedule 13D.

INTEREST IN SECURITIES OF THE ISSUER.

(a) (i) Signal Lake is the direct beneficial owner of 442,381 shares of Common Stock. Based on information provided by the Issuer, such shares constitute approximately 8.6% of the outstanding shares of Common Stock.

By virtue of its position as general partner of Signal Lake, Signal Lake, LLC may be deemed to be the beneficial owner of the 442,381 shares of Common Stock in which Signal Lake has direct beneficial ownership. Based on information provided by the Issuer, such shares constitute approximately 8.6% of the outstanding shares of Common Stock.

By virtue of his position as manager of Signal Lake, LLC, Barton W. Stuck may be deemed the beneficial owner of the 442,381 shares of Common Stock in which Signal Lake has direct beneficial ownership. Based on information provided by the Issuer, such shares constitute approximately 8.6% of the outstanding shares of Common Stock.

By virtue of his position as manager of Signal Lake, LLC, Michael E. Weingarten may be deemed the beneficial owner of the 442,381 shares of Common Stock in which Signal Lake has direct beneficial ownership. Based on information provided by the Issuer, such shares constitute approximately 8.6% of the outstanding shares of Common Stock.

The Reporting Persons have the shared power to vote and dispose of the 442,381 shares of Common Stock to which this Statement relates.
Not applicable.
Not applicable.
Not applicable.

CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER.

The response to Item 4, above, is incorporated herein by reference.

MATERIAL TO BE FILED AS EXHIBITS.

Exhibit No.

Exhibit 5. Form of Stockholder Agreement, dated as of November 8, 2002, by and among NE Technologies, Inc., NE Technologies Acquisition Corporation and Signal Lake Venture Fund, L.P.

SIGNATURE

After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.

Dated: November 12, 2002

SIGNAL LAKE VENTURE FUND, L.P.

By: Signal Lake, LLC

By: /s/ Barton W. Stuck
Manager

SIGNAL LAKE, LLC

By: /s/ Barton W. Stuck
Manager

/s/ Barton W. Stuck

Barton W. Stuck

/s/ Michael E. Weingarten

Michael E. Weingarten

EXHIBIT 5

STOCKHOLDER AGREEMENT

STOCKHOLDER AGREEMENT (this "AGREEMENT"), dated as of November 8, 2002, by and among NE Technologies, Inc., a Georgia corporation ("Parent"), NE Technologies Acquisition Corporation, a Georgia corporation and a wholly owned subsidiary of Parent ("Purchaser"), and Signal Lake Venture Fund, L.P. (the "Stockholder").

WHEREAS, the Stockholder is, as of the date hereof, the record and beneficial owner of the shares of common stock, no par value per share ("Company Common Stock"), of DSET Corporation, a New Jersey corporation (the "Company"), set forth on the Signature Page hereto;

WHEREAS, Parent, Purchaser and the Company concurrently herewith are entering into an Agreement of Merger, dated as of the date hereof (the "Merger Agreement"; capitalized terms used but not defined herein have the meanings ascribed to such terms in the Merger Agreement), which provides, among other things, for the acquisition of the Company by Parent by means of a merger (the "Merger") of the Company with and into the Purchaser whereby shares of Company Common Stock will be exchanged for cash upon the terms and subject to the conditions set forth in the Merger Agreement; and

WHEREAS, as a condition to the willingness of Parent and Purchaser to enter into the Merger Agreement, and in order to induce Parent and Purchaser to enter into the Merger Agreement, the Stockholder has agreed to enter into this Agreement.

NOW, THEREFORE, in consideration of the execution and delivery by Parent and Purchaser of the Merger Agreement and the foregoing and the representations, warranties, covenants and agreements set forth herein and therein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows:

Representations and Warranties of the Stockholder

Definition of Shares

Transfer of the Shares

Grant of Irrevocable Proxy; Appointment of Proxy

Subject to Section 6 hereof, the Stockholder hereby irrevocably grants to, and appoints, Parent, and Dilip Naik and Vish Emani, in their respective capacities as officers of Parent, and any individual who shall thereafter succeed to such office of Parent, and each of them individually, its proxy and attorney-in-fact (with full power of substitution), for and in the name, place, and stead of the Stockholder, to vote his Shares, or grant a consent or approval in respect of his Shares, in connection with any meeting of the stockholders of the Company (i) in favor of the Merger, and (ii) against any action or agreement which would impede, interfere with or prevent the Merger, including any Acquisition Proposal. This Agreement is intended to bind the Stockholder as a stockholder of Company only with respect to the specific matters set forth herein.

The Stockholder represents that any proxies heretofore given in respect of the Shares are not irrevocable, and that such proxies are hereby revoked.

Subject to Section 6 hereof, the Stockholder hereby affirms that the proxy set forth in this Section 4 is irrevocable and is given in connection with the execution of the Merger Agreement, and that such irrevocable proxy is given to secure the performances of the duties of the Stockholder under this Agreement. The Stockholder hereby further affirms that the irrevocable proxy granted hereby is coupled with an interest in the Shares and, except as set forth in Section 6 hereof, is intended to be irrevocable in accordance with the provisions of the New Jersey Business Corporation Act.

Further Assurances

Termination

provided

however

Expenses

Public Announcements

provided

however

Voidability

Miscellaneous

Severability

Binding Effect and Assignment

Amendments and Modification

Specific Performance; Injunctive Relief

Notices

If to Parent or Purchaser:

NE Technologies, Inc / NE Technologies Acquisition Corporation
5085 Avalon Ridge Parkway, Suite 100
Norcross, Georgia 30071
Attention: Dilip Naik, President and Vish Emani, Vice President
Facsimile No.: (770) 453-9191

With a copy to:

Foltz Martin, LLC
3525 Piedmont Road, Suite 750
Atlanta, Georgia 30305
Attention: Jeff D. Woodward, Esq.
Facsimile: (404) 237-1659

If to the Stockholder:

To the address for notice set froth on the signature page hereof.

Morrison & Foerster LLP
1290 Avenue of the Americas
New York, New York 10104
Attention: Allen L. Weingarten, Esq.
Facsimile: (212) 468-7900

Governing Law

Entire Agreement

Effect of Headings

Counterparts

Action in Stockholder Capacity Only

No Exercise of Options, Warrants or Other Rights

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

The foregoing Agreement is hereby executed as of the date first above written.

NE TECHNOLOGIES, INC. ("PARENT")
By: /s/ Dilip Naik
Dilip Naik, President

NE TECHNOLOGIES ACQUISITION CORPORATION ("MERGER SUB"")

By: /s/ Dilip Naik (Dilip Naik for Vish Emani)
Vish Emani, President

"STOCKHOLDER"

Signal Lake Venture Fund, L.P.

By: Signal Lake, LLC, its General Partner

Signed: /s/ Barton W. Stuck

Print Name: Barton W. Stuck

Address: Managing Member, Signal Lake LLC, General Partner of Signal Lake Venture Fund, L.P.
606 Post Road east/Suite 667
Westport, Connecticut 06880-4549

Shares beneficially owned by Stockholder:

442,381

shares of Company Common Stock

-0-

shares of Company Common Stock issuable upon exercise of options

-0- shares of Company Common Stock issuable upon exercise of warrants

SIGNAL LAKE VENTURE FUND L P SC 13D