SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                  SCHEDULE 13G
                                 (RULE 13d-102)

             INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
           TO RULES 13d-1(b)(c), AND (d) AND AMENDMENTS THERETO FILED
                            PURSUANT TO RULE 13d-2(b)

                                (AMENDMENT NO. 2)




                                 Lantronix, Inc.
--------------------------------------------------------------------------------
                                (Name of Issuer)

                                  Common Stock
--------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                    516548104
             ------------------------------------------------------
                                 (CUSIP Number)

                                December 31, 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)

                               /X/ Rule 13d-1(c)

                               / / Rule 13d-1(d)


                                   Page 1 of 4



* 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. 516548104                 13G/A                      PAGE 2 OF 4 PAGES

--------------------------------------------------------------------------------
1     NAME OF REPORTING PERSON
      S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

      Lloyd I. Miller, III            279-42-7925
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2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*                  (A) / /
                                                                         (B) / /
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3     SEC USE ONLY

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4     CITIZENSHIP OR PLACE OF ORGANIZATION

      United States
--------------------------------------------------------------------------------
                  5     SOLE VOTING POWER
  NUMBER OF             ***
   SHARES         --------------------------------------------------------------
BENEFICIALLY      6     SHARED VOTING POWER
  OWNED BY              ***
    EACH          --------------------------------------------------------------
  REPORTING       7     SOLE DISPOSITIVE POWER
   PERSON               ***
    WITH          --------------------------------------------------------------
                  8     SHARED DISPOSITIVE POWER
                        ***
--------------------------------------------------------------------------------
9     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

      ***
--------------------------------------------------------------------------------
10    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*  / /

--------------------------------------------------------------------------------

11    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

      ***
--------------------------------------------------------------------------------
12    TYPE OF REPORTING PERSON

      IN-IA-OO
--------------------------------------------------------------------------------

*SEE INSTRUCTIONS BEFORE FILLING OUT!

***SEE ITEM 5 HEREIN

                                                                     Page 3 of 4

Item 1(a).  Name of Issuer:               Lantronix, Inc.

Item 1(b).  Address of Issuers's Principal Executive Offices:
                                          15353 Barranca Parkway
                                          Irvine, CA 92618

Item 2(a).  Name of Person Filing:        Lloyd I. Miller, III

Item 2(b).  Address of Principal Business Office or, if None, Residence:
                                          4550 Gordon Drive, Naples, Florida
                                          34102

Item 2(c).  Citizenship:                  U.S.A.

Item 2(d).  Title of Class of Securities: Common Stock

Item 2(e).  CUSIP Number:                 516548104

Item 3.     IF THIS STATEMENT IS FILED PURSUANT TO RULE 13d-1(b) OR 13d-2(b)
            or (c), CHECK WHETHER THE PERSON FILING IS A:

            Not Applicable, this statement is filed pursuant to 13d-1(c)

Item 4.     OWNERSHIP: See Item 5 below.

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.     NOTICE OF DISSOLUTION OF GROUP:

            Not Applicable

                                                                     Page 4 of 4

Item 10.    CERTIFICATION:

            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.

                                    SIGNATURE

            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.



            Dated: February 5, 2004     /s/ Lloyd I. Miller, III
                                        ----------------------------------------
                                        Lloyd I. Miller, III