13F-HR 1 c44999_13fhr.txt ---------------------------- OMB APPROVAL ---------------------------- OMB Number: Expires: Estimated average burden hours per response..... ---------------------------- SEC USE ONLY ---------------------------- ---------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13f Cover Page Report for the Calendar Year or Quarter Ended 09/30/06 If amended report check here: |_| Amendment Number: ____ This Amendment (Check only one): |_| is a restatement |_| adds new holding entries. David J. Greene and Company, LLC -------------------------------------------------------------------------------- Name of Institutional Investment Manager 599 Lexington Avenue, New York, NY 10022 -------------------------------------------------------------------------------- Business Address (Street) (City) (State) (Zip) 13F File Number: 28-663 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, and tables, are considered integral parts of this form. Person Signing this Report on Behalf of Reporting Manager: Lee Unterman, Chief Operating Officer 212.371.4200 -------------------------------------------------------------------------------- Name (Title) (Phone) ------------------------------------------ (Manual Signature of Person Duly Authorized to Submit This Report) ------------------------------------------ (Place and Date of Signing) Report Type: [X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 197 Form 13F Information Table Value Total: $2,147,160 (thousands) List of Other Included Managers: Name and 13F file numbers of ALL Institutional Investment Managers with respect to which this schedule is filed (other than the one filing this report): (List in alphabetical order). [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] 13F File Numbers will be assigned to Institutional Investment Managers after they file their first report. 13F File No.: Name: 13F File No.: Name: ------------- --------------------- ------------- --------------------- 1. 28- 6. ------------- --------------------- ------------- --------------------- 2. 7. ------------- --------------------- ------------- --------------------- 3. 8. ------------- --------------------- ------------- --------------------- 4. 9. ------------- --------------------- ------------- --------------------- 5. 10. ------------- --------------------- ------------- --------------------- 013f FORM 13 F 09/30/06 REPORTING MANAGER : David J. Greene and Company, LLC PAGE 1 Page 1
------------------------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------ -------------- ------ ------ ------------------- ---------- -------- ----------------------- VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ AT & T INC Common Stock 00206R102 1,302 39,983 SH SOLE 34,088 5,895 ABERCROMBIE & FITCH CO Common Stock 002896207 18,155 261,300 SH SOLE 245,400 15,900 ACCELRYS INC. Common Stock 00430U103 13,252 2,106,765 SH SOLE 1,894,265 212,500 ADESA INC Common Stock 00686U104 41,843 1,810,618 SH SOLE 1,665,418 145,200 ADVANCE AUTO PARTS Common Stock 00751Y106 6,681 202,820 SH SOLE 180,420 22,400 AKZO NV SPONSORED ADR Common Stock 010199305 584 9,500 SH SOLE 9,500 ALLETE INC Common Stock 018522300 12,037 277,033 SH SOLE 248,034 28,999 ALLIANCE SEMICONDUCTOR Common Stock 01877H100 6,120 1,821,514 SH SOLE 1,649,114 172,400 AMERICAN ENERGY Common Stock 025637109 4 100,000 SH SOLE 100,000 AMERICAN EXPRESS CO Common Stock 025816109 1,357 24,205 SH SOLE 23,968 237 AMERICAN INTERNATIONAL Common Stock 026874107 8,590 129,641 SH SOLE 120,541 9,100 AMERICAN STANDARD COS Common Stock 029712106 20,322 484,200 SH SOLE 456,800 27,400 AMERIPRISE FINANCIAL INC Common Stock 03076C106 214 4,570 SH SOLE 4,570 CELERA GENOMICS Common Stock 038020202 18,789 1,349,769 SH SOLE 1,205,469 144,300 ARAMARK CORP - CL B Common Stock 038521100 15,663 476,650 SH SOLE 455,150 21,500 ARRIS GROUP INC Common Stock 04269Q100 9,584 836,282 SH SOLE 748,782 87,500 ARVINMERITOR INC. Common Stock 043353101 18,678 1,311,643 SH SOLE 1,174,743 136,900 ASSURANT INC Common Stock 04621X108 7,141 133,700 SH SOLE 125,000 8,700 ASTRO-MED INC Common Stock 04638F108 104 10,312 SH SOLE 10,312 AUTOLIV, INC. Common Stock 052800109 5,544 100,600 SH SOLE 95,700 4,900 AVANEX CORP Common Stock 05348W109 5,754 3,326,270 SH SOLE 2,975,170 351,100 AVIS BUDGET GROUP INC Common Stock 053774105 12,011 656,711 SH SOLE 619,695 37,016 BP PLC - SPON ADR Common Stock 055622104 1,067 16,266 SH SOLE 13,963 2,303 BALL CORP. Common Stock 058498106 19,210 474,900 SH SOLE 445,400 29,500 BALLY TECHNOLOGIES INC Common Stock 05874B107 25,590 1,453,965 SH SOLE 1,323,165 130,800 BARON SMALL CAP FUND Common Stock 068278308 389 16,502 SH SOLE 16,502 BEARINGPOINT INC Common Stock 074002106 22,740 2,893,181 SH SOLE 2,677,981 215,200 BECTON DICKINSON & CO Common Stock 075887109 290 4,110 SH SOLE 4,110 BELLSOUTH CORP W/RTS Common Stock 079860102 275 6,431 SH SOLE 4,391 2,040 BERKLEY W R CORP Common Stock 084423102 4,880 137,879 SH SOLE 105,879 32,000 BERKSHIRE HATHAWAY CL B Common Stock 084670207 375 118 SH SOLE 118 BOSTON SCIENTIFIC CORP Common Stock 101137107 185 12,500 SH SOLE 12,500 BRINK'S CO Common Stock 109696104 17,880 336,978 SH SOLE 316,778 20,200 BRISTOL MYERS SQUIBB CO Common Stock 110122108 461 18,500 SH SOLE 18,100 400 BROCADE COMMUNICATIONS Common Stock 111621108 34,718 4,917,610 SH SOLE 4,393,510 524,100 BURLINGTON NORTHERN Common Stock 12189T104 296 4,026 SH SOLE 4,026 CBS CORP - CLASS B Common Stock 124857202 7,084 251,460 SH SOLE 237,560 13,900 CIT GROUP INC Common Stock 125581108 19,405 399,030 SH SOLE 376,080 22,950 CMS ENERGY CORP Common Stock 125896100 22,276 1,542,657 SH SOLE 1,377,257 165,400 CNA SURETY CORPORATION Common Stock 12612L108 521 25,800 SH SOLE 15,000 10,800 CVS CORP Common Stock 126650100 6,016 187,300 SH SOLE 178,500 8,800 PAGE COLUMN TOTAL 407,387
013f FORM 13 F 09/30/06 REPORTING MANAGER : David J. Greene and Company, LLC PAGE 1 Page 2
------------------------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------ -------------- ------ ------ ------------------- ---------- -------- ----------------------- VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ CALGON CARBON CORP Common Stock 129603106 49 11,100 SH SOLE 11,100 CAMBREX CORP Common Stock 132011107 18,129 875,356 SH SOLE 780,756 94,600 CAPITAL CROSSING BANK Common Stock 140071101 271 9,317 SH SOLE 9,317 CENTERPOINT ENERGY INC Common Stock 15189T107 44,411 3,101,348 SH SOLE 2,839,648 261,700 CHEVRON CORP Common Stock 166764100 3,567 54,993 SH SOLE 47,173 7,820 CISCO SYSTEMS INC. Common Stock 17275R102 14,640 637,081 SH SOLE 605,881 31,200 CITIGROUP INC. Common Stock 172967101 14,711 296,171 SH SOLE 285,921 10,250 CITY INVESTING CO Common Stock 177900107 3 27,000 SH SOLE 27,000 CLAIRE'S STORES INC Common Stock 179584107 2,866 98,300 SH SOLE 94,000 4,300 COMCAST CORP CL A Common Stock 20030N101 940 25,463 SH SOLE 24,614 849 COMCAST CORP-SPECIAL CL A Common Stock 20030N200 5,479 148,850 SH SOLE 140,950 7,900 COMDISCO HLD CONTINGENT Common Stock 200334118 161 645,250 SH SOLE 643,834 1,416 COMMUNITY HEALTH Common Stock 203668108 29,364 786,194 SH SOLE 720,794 65,400 CONOCOPHILLIPS Common Stock 20825C104 7,998 134,351 SH SOLE 128,653 5,698 CONSTAR INTERNATIONAL INC Common Stock 21036U107 6,297 1,054,756 SH SOLE 934,858 119,898 COOPER COMPANIES INC Common Stock 216648402 33,043 617,620 SH SOLE 554,720 62,900 CORINTHIAN COLLEGES INC Common Stock 218868107 13,530 1,251,635 SH SOLE 1,114,735 136,900 CRANE CO. Common Stock 224399105 19,040 455,500 SH SOLE 431,400 24,100 CROWN HOLDING INC Common Stock 228368106 11,835 636,271 SH SOLE 567,771 68,500 CUBIC CORP Common Stock 229669106 12,370 631,758 SH SOLE 564,358 67,400 CYTEC INDUSTRIES INC. Common Stock 232820100 47,938 862,348 SH SOLE 784,678 77,670 DANA CORP Common Stock 235811106 2,443 2,349,421 SH SOLE 1,967,721 381,700 DELUXE CORP Common Stock 248019101 11,953 698,979 SH SOLE 623,479 75,500 DIEBOLD INC Common Stock 253651103 6,159 141,500 SH SOLE 138,200 3,300 DIME BANCORP-LITIGATION Common Stock 25429Q110 636 5,681,269 SH SOLE 5,296,292 384,977 DISCOVERY LABORATORIES Common Stock 254668106 2,531 1,188,190 SH SOLE 1,060,090 128,100 DISNEY (WALT) COMPANY Common Stock 254687106 6,691 216,483 SH SOLE 200,383 16,100 DOLLAR TREE STORES INC Common Stock 256747106 8,353 269,800 SH SOLE 252,100 17,700 DONNELLY (RR) & SONS CO Common Stock 257867101 1,259 38,199 SH SOLE 32,899 5,300 DRESSER-RAND GROUP INC Common Stock 261608103 23,614 1,157,545 SH SOLE 1,069,545 88,000 EMC CORP Common Stock 268648102 9,518 794,500 SH SOLE 766,500 28,000 EARTHLINK INC Common Stock 270321102 18,804 2,582,997 SH SOLE 2,306,897 276,100 EL PASO ELECTRIC COMPANY Common Stock 283677854 934 41,800 SH SOLE 41,800 EXXON MOBIL CORPORATION Common Stock 30231G102 2,897 43,180 SH SOLE 36,940 6,240 FLIR SYSTEMS INC Common Stock 302445101 17,157 631,700 SH SOLE 563,800 67,900 FAIRCHILD SEMICON INTL Common Stock 303726103 17,580 940,107 SH SOLE 839,107 101,000 FINOVA GROUP INC Common Stock 317928109 1 10,900 SH SOLE 8,400 2,500 FIRST AMERICAN FINL CORP Common Stock 318522307 26,353 622,419 SH SOLE 557,219 65,200 FIRST DATA CORPORATION Common Stock 319963104 18,185 432,980 SH SOLE 401,780 31,200 FLAMEL TECHNOLOGIES - SP Common Stock 338488109 6,019 321,003 SH SOLE 286,903 34,100 FLOWSERVE CORP Common Stock 34354P105 14,271 282,098 SH SOLE 252,098 30,000 PAGE COLUMN TOTALS 482,002
013f FORM 13 F 09/30/06 REPORTING MANAGER : David J. Greene and Company, LLC PAGE 1 Page 3
------------------------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------ -------------- ------ ------ ------------------- ---------- -------- ----------------------- VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ FOREST OIL CORP Common Stock 346091705 5,193 164,400 SH SOLE 156,600 7,800 FOUNDRY NETWORKS INC Common Stock 35063R100 23,070 1,754,349 SH SOLE 1,559,849 194,500 FREESCALE SEMICONDUCTOR - Common Stock 35687M107 3,409 89,600 SH SOLE 83,700 5,900 FRONTIER OIL CORP Common Stock 35914P105 314 11,826 SH SOLE 130 11,696 GANNETT INC Common Stock 364730101 239 4,210 SH SOLE 4,210 GENERAL DYNAMICS CORP Common Stock 369550108 7,774 108,466 SH SOLE 100,166 8,300 GENERAL ELECTRIC CO Common Stock 369604103 2,285 64,745 SH SOLE 51,524 13,221 GLAXOSMITHKLINE PLC- ADR Common Stock 37733W105 240 4,506 SH SOLE 4,506 GLOBAL INDS LTD COM Common Stock 379336100 37,367 2,401,481 SH SOLE 2,210,381 191,100 GRUPO TMM SA-SP ADR A Common Stock 40051D105 3,937 1,357,672 SH SOLE 1,211,972 145,700 HEALTHSOUTH CORPORATION Common Stock 421924101 1,482 298,790 SH SOLE 284,690 14,100 HEALTH NET INC Common Stock 42222G108 10,776 247,604 SH SOLE 234,224 13,380 HERCULES INC Common Stock 427056106 22,636 1,435,370 SH SOLE 1,281,370 154,000 HOME DEPOT Common Stock 437076102 8,030 221,400 SH SOLE 205,800 15,600 HUBBELL CL.B Common Stock 443510201 1,341 28,000 SH SOLE 28,000 INFOCUS CORP Common Stock 45665B106 4,465 1,572,035 SH SOLE 1,405,935 166,100 INPUT/OUTPUT INC Common Stock 457652105 16,064 1,617,759 SH SOLE 1,444,569 173,190 INTEL CORP Common Stock 458140100 518 25,204 SH SOLE 23,204 2,000 INTL BUSINESS MACHINES Common Stock 459200101 15,051 183,688 SH SOLE 173,288 10,400 J P MORGAN CHASE & CO Common Stock 46625H100 269 5,737 SH SOLE 5,737 JO-ANN STORES INC Common Stock 47758P307 19,342 1,156,810 SH SOLE 1,032,210 124,600 JOHNSON & JOHNSON Common Stock 478160104 1,379 21,228 SH SOLE 21,228 JOHNSON CONTROLS INC Common Stock 478366107 17,459 243,360 SH SOLE 227,660 15,700 KANSAS CITY STHRN INDS INC Common Stock 485170302 15,448 565,643 SH SOLE 508,443 57,200 KEYNOTE SYSTEMS INC Common Stock 493308100 13,480 1,280,130 SH SOLE 1,143,130 137,000 KIMBERLY CLARK CORP Common Stock 494368103 2,271 34,740 SH SOLE 34,740 LEAPFROG ENTERPRISES INC Common Stock 52186N106 9,792 1,234,779 SH SOLE 1,106,179 128,600 LIFEPOINT HOSPITALS INC Common Stock 53219L109 3,500 99,100 SH SOLE 93,700 5,400 LINCOLN NATIONAL CORP Common Stock 534187109 388 6,250 SH SOLE 6,050 200 LUCENT TECHNOLOGIES, INC. Common Stock 549463107 8,176 3,493,858 SH SOLE 3,285,846 208,012 MAGELLAN HEALTH SERVICES Common Stock 559079207 214 5,020 SH SOLE 5,020 MARINER ENERGY INC Common Stock 56845T305 3,440 187,244 SH SOLE 180,679 6,565 MAXWELL TECHNOLOGIES INC Common Stock 577767106 5,863 288,270 SH SOLE 283,450 4,820 MEADWESTVACO CORP Common Stock 583334107 6,134 231,372 SH SOLE 216,700 14,672 MILACRON INC Common Stock 598709103 2,872 3,226,879 SH SOLE 2,874,899 351,980 MOLSON COORS BREWING CO Common Stock 60871R209 30,071 436,439 SH SOLE 389,639 46,800 MORGAN STANLEY Common Stock 617446448 255 3,500 SH SOLE 3,500 MYRIAD GENETICS INC Common Stock 62855J104 18,607 754,833 SH SOLE 674,733 80,100 NAVISTAR INTL Common Stock 63934E108 56,344 2,182,195 SH SOLE 1,973,685 208,510 NEUROCRINE BIOSCIENCES Common Stock 64125C109 5,302 493,230 SH SOLE 439,730 53,500 NEWALLIANCE BANCSHARES Common Stock 650203102 3,607 246,200 SH SOLE 246,200 PAGE COLUMN TOTALS 388,404
013f FORM 13 F 09/30/06 REPORTING MANAGER : David J. Greene and Company, LLC PAGE 1 Page 4
------------------------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------ -------------- ------ ------ ------------------- ---------- -------- ----------------------- ------------------------------------------------------------------------------------------------------------------------------------ VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ NOKIA CORP - SPON ADR Common Stock 654902204 12,053 612,150 SH SOLE 577,550 34,600 NORTEL NETWORKS CORP Common Stock 656568102 319 138,563 SH SOLE 132,500 6,063 NORTH FORK Common Stock 659424105 21,210 740,587 SH SOLE 706,328 34,259 ORMAT TECHNOLOGIES INC Common Stock 686688102 7,416 226,658 SH SOLE 203,658 23,000 PGT INC Common Stock 69336V101 1,361 96,790 SH SOLE 85,090 11,700 PMI GROUP Common Stock 69344M101 5,218 119,100 SH SOLE 108,900 10,200 PACTIV CORPORATION Common Stock 695257105 4,226 148,700 SH SOLE 138,800 9,900 PALL CORP Common Stock 696429307 42,462 1,378,189 SH SOLE 1,239,189 139,000 PATHMARK STORES INC Common Stock 70322A101 9,597 964,526 SH SOLE 862,731 101,795 PEPSICO INC. Common Stock 713448108 209 3,200 SH SOLE 3,200 PETROHAWK ENERGY CORP Common Stock 716495106 9,008 866,200 SH SOLE 835,800 30,400 PFIZER INC Common Stock 717081103 16,756 590,828 SH SOLE 548,498 42,330 PHARMACOPEIA DRUG Common Stock 7171EP101 4,379 1,155,452 SH SOLE 1,041,173 114,279 PIER 1 IMPORTS INC Common Stock 720279108 16,185 2,181,284 SH SOLE 1,942,884 238,400 PROCTER & GAMBLE CO Common Stock 742718109 521 8,400 SH SOLE 8,400 PROQUEST COMPANY Common Stock 74346P102 15,519 1,191,960 SH SOLE 1,082,660 109,300 QUANTUM CORP - DLT & Common Stock 747906204 14,336 6,576,248 SH SOLE 5,896,498 679,750 QUIKSILVER INC Common Stock 74838C106 19,716 1,622,740 SH SOLE 1,449,640 173,100 RADIOSHACK CORP Common Stock 750438103 36,862 1,909,972 SH SOLE 1,722,172 187,800 REALOGY CORP Common Stock 75605E100 20,017 882,601 SH SOLE 833,872 48,729 REPUBLIC PROPERTY TRUST Common Stock 760737106 353 32,000 SH SOLE 32,000 RITE AID CORP Common Stock 767754104 52 11,500 SH SOLE 11,500 ROBBINS & MYERS INC Common Stock 770196103 13,824 447,080 SH SOLE 400,780 46,300 ROYAL DUTCH SHELL PLC Common Stock 780259206 540 8,176 SH SOLE 2,620 5,556 RYDER SYSTEM INC Common Stock 783549108 16,641 322,005 SH SOLE 287,615 34,390 SPX CORP Common Stock 784635104 3,794 71,000 SH SOLE 69,300 1,700 ST. PAUL TRAVELERS Common Stock 792860108 14,119 301,101 SH SOLE 280,059 21,042 SAKS INCORPORATED Common Stock 79377W108 5,260 304,420 SH SOLE 290,620 13,800 SCHOLASTIC CORP Common Stock 807066105 16,736 537,257 SH SOLE 480,457 56,800 SEACHANGE INTERNATIONAL Common Stock 811699107 15,543 1,748,345 SH SOLE 1,562,345 186,000 SKYWORKS SOLUTIONS INC Common Stock 83088M102 30,330 5,843,860 SH SOLE 5,221,060 622,800 SOLECTRON CORP Common Stock 834182107 20,806 6,382,181 SH SOLE 5,703,781 678,400 SOUTHERN UNION CO Common Stock 844030106 46,806 1,772,290 SH SOLE 1,622,840 149,450 SOVEREIGN BANCORP INC Common Stock 845905108 16,457 765,109 SH SOLE 724,759 40,350 SPRINT NEXTEL CORP Common Stock 852061100 232 13,536 SH SOLE 7,536 6,000 SUBURBAN PROPANE Common Stock 864482104 408 12,100 SH SOLE 9,300 2,800 SUN-TIMES MEDIA GROUP INC Common Stock 86688Q100 296 45,000 SH SOLE 45,000 SYMANTEC CORP Common Stock 871503108 24,876 1,169,000 SH SOLE 1,109,000 60,000 TD BANKNORTH INC Common Stock 87235A101 630 21,822 SH SOLE 19,727 2,095 TJX COS INC Common Stock 872540109 25,778 919,650 SH SOLE 870,750 48,900 TARGET CORP Common Stock 87612E106 8,679 157,080 SH SOLE 145,780 11,300 PAGE COLUMN TOTALS 519,533
013f FORM 13 F 09/30/06 REPORTING MANAGER : David J. Greene and Company, LLC PAGE 1 Page 5
------------------------------------------------------------------------------------------------------------------------------------ ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8 ------ -------------- ------ ------ ------------------- ---------- -------- ----------------------- ------------------------------------------------------------------------------------------------------------------------------------ VALUE SHARES/ SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGERS SOLE SHARED NONE ------------------------------------------------------------------------------------------------------------------------------------ TECUMSEH PRODUCTS CO - CL Common Stock 878895200 15,795 1,038,440 SH SOLE 925,040 113,400 TEKELEC COM Common Stock 879101103 23,442 1,808,808 SH SOLE 1,614,608 194,200 TELEDYNE TECHNOLOGIES Common Stock 879360105 17,458 440,849 SH SOLE 394,099 46,750 TELEFLEX INC Common Stock 879369106 4,744 85,270 SH SOLE 80,370 4,900 3M CO Common Stock 88579Y101 357 4,800 SH SOLE 4,800 TIBCO SOFTWARE INC Common Stock 88632Q103 34,856 3,881,464 SH SOLE 3,463,164 418,300 TIME WARNER INC Common Stock 887317105 18,051 990,170 SH SOLE 922,665 67,505 TYCO INTERNATIONAL Common Stock 902124106 29,722 1,061,866 SH SOLE 995,666 66,200 ULTRATECH INC Common Stock 904034105 9,898 743,060 SH SOLE 663,160 79,900 UNDERGROUND SOLUTIONS Common Stock 904323102 25 70,000 SH SOLE 70,000 UNISYS CORP Common Stock 909214108 31,839 5,625,271 SH SOLE 5,104,811 520,460 UNITED ENERGY Common Stock 910900208 7 10,000 SH SOLE 10,000 UNITED PARCEL SERVICE INC Common Stock 911312106 288 4,000 SH SOLE 3,000 1,000 UTSTARCOM INC Common Stock 918076100 16,757 1,889,156 SH SOLE 1,678,056 211,100 VALASSIS COMMUNICATIONS Common Stock 918866104 10,061 570,047 SH SOLE 509,147 60,900 VERIZON COMMUNICATIONS Common Stock 92343V104 2,328 62,708 SH SOLE 56,232 6,476 VISTEON CORP Common Stock 92839U107 12,295 1,508,594 SH SOLE 1,348,394 160,200 VODAPHONE GROUP PLC Common Stock 92857W209 209 9,159 SH SOLE 8,809 350 WACHOVIA CORP (NEW) Common Stock 929903102 3,251 58,258 SH SOLE 53,808 4,450 WASHINGTON MUTUAL INC Common Stock 939322103 11,111 255,607 SH SOLE 234,872 20,735 WASTE MANAGEMENT INC Common Stock 94106L109 13,682 373,000 SH SOLE 352,400 20,600 WAVECOM SA - ADR Common Stock 943531103 7,869 620,104 SH SOLE 554,667 65,437 WESTERN UNION - WHEN Common Stock 959802109 8,297 433,700 SH SOLE 411,100 22,600 WYETH Common Stock 983024100 267 5,248 SH SOLE 5,248 WYNDHAM WORLDWIDE Common Stock 98310W108 10,967 392,083 SH SOLE 370,732 21,351 YUM BRANDS INC Common Stock 988498101 791 15,200 SH SOLE 15,200 RENAISSANCE RE HLDGS LTD Common Stock G7496G103 3,330 59,900 SH SOLE 45,100 14,800 SEAGATE TECHNOLOGY Common Stock G7945J104 21,088 913,313 SH SOLE 835,751 77,562 POWERDSINE LTD Common Stock M41415106 10,707 1,125,849 SH SOLE 1,007,749 118,100 ORCKIT COMMUNICATIONS Common Stock M7531S206 9,074 1,038,263 SH SOLE 928,763 109,500 RADWARE LTD Common Stock M81873107 6,733 496,204 SH SOLE 446,604 49,600 CNH GLOBAL N.V. Common Stock N20935206 6,952 299,513 SH SOLE 268,093 31,420 FLEXTRONICS INTL TLD Common Stock Y2573F102 7,585 600,060 SH SOLE 567,460 32,600 PAGE COLUMN TOTALS 349,835 AGGREGATE COLUMN TOTALS 2,147,160