----------------------------- OMB APPROVAL ----------------------------- OMB Number 3235-0145 Expires: December 31, 2005 Estimated average burden hours per response . . . . 11 ----------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* INRANGE TECHNOLOGIES CORPORATION - ------------------------------------------------------------------------------- (Name of Issuer) CLASS B COMMON STOCK, PAR VALUE $0.01 PER SHARE - ------------------------------------------------------------------------------- (Title of Class of Securities) 45769V 20 6 - ------------------------------------------------------------------------------- (CUSIP Number) MAY 5, 2003 - ------------------------------------------------------------------------------- (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) |_| Rule 13d-1(c) |X| Rule 13d-1(d) * 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 the disclosures provided in a prior cover page. The information required in 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 (the "Act") 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). PERSONS WHO RESPOND TO THE COLLECTION OF INFORMATION CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM DISPLAYS A CURRENTLY VALID OMB CONTROL NUMBER.CUSIP No. 45769V 20 6 Page 2 of 5 Pages Names of Reporting Persons. 1. I.R.S. Identification Nos. of above persons (entities only). SPX CORPORATION / 38-1016240 Check the Appropriate Box if a Member of a Group (See (a) |_| 2. Instructions) (b) |_| SEC USE ONLY 3. Citizenship or Place of Organization 4. DELAWARE Sole Voting Power NUMBER OF 5. 0 SHARES Shared Voting Power BENEFICIALLY 6. 0 OWNED BY EACH Sole Dispositive Power 7. REPORTING 0 PERSON Shared Dispositive Power WITH: 8. 0 Aggregate Amount Beneficially Owned by Each Reporting Person 9. 0 Check if the Aggregate Amount in Row (9) Excludes Certain Shares |_| 10. (See Instructions) Percent of Class Represented by Amount in Row (9) 11. 0% Type of Reporting Person (See Instructions) 12. CO CUSIP No. 45769V 20 6 Page 3 of 5 Pages Item 1(a). Name of Issuer Inrange Technologies Corporation Item 1(b). Address of Issuer's Principal Executive Offices 100 Mt. Holly By-Pass P.O. Box 440 Lumberton, New Jersey 08048 Item 2(a). Name of Person Filing SPX Corporation Item 2(b). Address of Principal Business Office or, if none, Residence 13515 Ballantyne Corporate Place Charlotte, North Carolina 28277 Item 2(c). Citizenship Delaware Item 2(d). Title of Class of Securities Class B Common Stock, par value $0.01 per share Item 2(e). CUSIP Number 45769V 20 6 Item 3. If this statement is filed pursuant to ss.ss.240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) - (j) Not applicable. Item 4. Ownership (a) Amount beneficially owned: 0 (b) Percent of class: 0% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote - 0 (ii) Shared power to vote or to direct the vote - 0 (iii) Sole power to dispose or to direct the disposition of - 0 CUSIP No. 45769V 20 6 Page 4 of 5 Pages (iv) Shared power to dispose or to direct the disposition of - 0 Item 5. Ownership of Five Percent or 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 |X|. 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 Not applicable. Item 8. Identification and Classification of Members of the Group Not applicable. Item 9. Notices of Dissolution of Group Not applicable. Item 10. Certification (a) Not applicable. (b) Not applicable. CUSIP No. 45769V 20 6 Page 5 of 5 Pages SIGNATURE After reasonable inquiry and to the best of its knowledge and belief, the undersigned certifies that the information set forth in this statement is true, complete and correct. Dated: May 13, 2003 SPX CORPORATION By: /s/ Christopher J. Kearney ------------------------------------- Name: Christopher J. Kearney Title: Vice President, Secretary and General Counsel