13F-HR 1 q4200313f.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: December 31, 2003 Check here if Amendment: ___; Amendment Number: ___ This Amendment (Check only one.) ___ is a restatement. ___ adds new holdings entries. Institutional Investment Manager Filing this Report: Name: Gruber & McBaine Capital Management, LLC Address: 50 Osgood Place, Penthouse__ San Francisco, CA 94133_____ Form 13F File Number: 28-3296________ The institutional investment manager filing this report and the person by whom it is signed hereby represent that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists and tables, are considered integral parts of this Form. Person Signing this Report on Behalf of Reporting Manager: Name: Elizabeth Giorgis____________ Title: administrator_______________ Phone: 415 782 2610_________________ Signature, Place and Date of Signing: _________________________ San Francisco, CA_ January 30, 2004 [Signature] [City, State] [Date] Report Type (Check only one.): _X_ 13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) ___ 13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) ___ 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).) List of Other Managers Reporting for this Manager: [If there are no entries in this list, omit this section.] Form 13F File Number Name 29-________________ ________________________________________ [Repeat as necessary.] Form 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: _____0_____ Form 13F Information Table Entry Total: _____321___ Form 13F Information Table Value Total: __1,225,102__ List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report. [If there are no entries in this list, state "NONE" and omit the column headings and list entries.] No. Form 13F File Number Name NONE 28-___________ ___________________________ [Repeat as necessary.] NAME OF ISSUER TITLE OF CUSIP VALUE SHARES INV. OTHER AUTH CLASS X1000 DISC MGR ABX Air COMMON 00080S101 1729 402000 SOLE 402000 AES Corp COMMON 00130H105 12452 1319100 SOLE 1319100 AU Optronics COMMON 002255107 3461 290350 SOLE 290350 Adept Technology COMMON 006854103 3565 2622221 SOLE 2622221 Advanced Fibre CommunicatiCOMMON 00754a105 5027 249500 SOLE 249500 Advanced Micro Devices COMMON 007903107 2235 150000 SOLE 150000 Advanced Micro Devices CvtBnds 007903af4 1104 500000 SOLE 500000 Advisory Board COMMON 00762W107 7008 200750 SOLE 200750 Alliance Gaming Corp COMMON 01859P609 8627 350000 SOLE 350000 Allied Healthcare Intl IncCOMMON 01923A109 2796 448000 SOLE 448000 Allscripts Healthcare SoluCOMMON 01988P108 18710 3516900 SOLE 3516900 Alteon Inc COMMON 02144G107 1987 1265900 SOLE 1265900 American Superconductor COMMON 030111108 346 25000 SOLE 25000 Anadigics COMMON 032515108 2384 400000 SOLE 400000 Anglogold LTD COMMON 035128206 2358 50500 SOLE 50500 Applied Films COMMON 038197109 8585 260000 SOLE 260000 ArtiSoft Inc B cv Prefer 04314L205 2194 855540 SOLE 855540 ArtiSoft Inc C cv Prefer 04314L205 855 333335 SOLE 333335 Ashanti Goldfields COMMON 043743202 540 41400 SOLE 41400 Asia Aluminum Holdings LimCOMMON 6110077 1140 6000000 SOLE 6000000 August Technologies COMMON 05106U105 3051 164500 SOLE 164500 Authentidate Hldg Corp COMMON 052666104 3115 261800 SOLE 261800 Autodesk COMMON 052769106 369 15000 SOLE 15000 Avocent Corp COMMON 053893103 1826 50000 SOLE 50000 BP PLC COMMON 110889409 4935 100000 SOLE 100000 Benihana Inc COMMON 082047200 2596 203265 SOLE 203265 Bennett Environmental COMMON 081906109 674 32600 SOLE 32600 Bitstream Inc COMMON 091736108 3933 1281200 SOLE 1281200 Blue Rhino Corp COMMON 095811105 19000 1367900 SOLE 1367900 Bombardier Inc class B COMMON 097751200 3864 916000 SOLE 916000 Bookham Technology Plc COMMON 09856Q108 2909 1163800 SOLE 1163800 Braun Consulting Inc COMMON 105651103 295 100000 SOLE 100000 Brightpoint Inc COMMON 109473405 447 25900 SOLE 25900 Broadcom Corp COMMON 111320107 1653 48500 SOLE 48500 CNS Inc. COMMON 126136100 1123 82000 SOLE 82000 Calif Micro Devices COMMON 130439102 7437 855953 SOLE 855953 Calpine Corp COMMON 131347106 1667 346500 SOLE 346500 Campbell Soup Co COMMON 134429109 3752 140000 SOLE 140000 Canico Resources COMMON 137580106 4026 400000 SOLE 400000 Captaris Inc COMMON 14071N104 2861 509000 SOLE 509000 Captiva Software Co COMMON 14073T109 1298 102500 SOLE 102500 Carbo Ceramics Inc COMMON 140781105 3382 66000 SOLE 66000 Caremark Rx Inc COMMON 141705103 10195 402500 SOLE 402500 Carreker Corp COMMON 144433109 1709 122000 SOLE 122000 Cedar Fair COMMON 150185106 3106 101000 SOLE 101000 Centillium Communications COMMON 152319109 2768 491600 SOLE 491600 Central Parking Corp COMMON 154785109 3825 256175 SOLE 256175 Champion Enterprises COMMON 158496109 1925 275000 SOLE 275000 Charles River Assoc COMMON 159852102 1408 44000 SOLE 44000 CharterMac COMMON 160908109 1078 51000 SOLE 51000 Chicago Bridge and Iron CoCOMMON 167250109 2601 90000 SOLE 90000 ChipMos Tech BU LTD COMMON G2110R106 657 70000 SOLE 70000 Ciena Corp COMMON 171779101 664 100000 SOLE 100000 Cirrus Logic COMMON 172755100 2910 379400 SOLE 379400 Citadel Security Software COMMON 17288Q109 2457 646500 SOLE 646500 Clear Channel CommunicatioCOMMON 184502102 3278 70000 SOLE 70000 Cleveland Cliffs COMMON 185896107 662 13000 SOLE 13000 Click2learn COMMON 18681S106 3943 1928684 SOLE 1928684 CoStar Group COMMON 22160n109 12352 296350 SOLE 296350 Coeur D Alene Mines Corp COMMON 192108108 5106 883350 SOLE 883350 Collegiate Pacific COMMON 194589206 915 100000 SOLE 100000 Collins and Aikman CorporaCOMMON 194830204 13243 3058400 SOLE 3058400 Comarco Inc. COMMON 200080109 6114 555800 SOLE 555800 Combmatrix Corp COMMON 003881208 615 183500 SOLE 183500 Compex Technologies COMMON 204513105 3978 475800 SOLE 475800 Compuware COMMON 205638109 1208 200000 SOLE 200000 Continental Airlines COMMON 210795308 651 40000 SOLE 40000 Corio Inc COMMON 218875102 4519 1649450 SOLE 1649450 Corporate Executive Board COMMON 21988r102 11710 250900 SOLE 250900 Covad Communications COMMON 222814204 2653 737000 SOLE 737000 Cray Inc COMMON 225223106 5461 550000 SOLE 550000 Cree Research COMMON 225447101 884 50000 SOLE 50000 Creo Inc COMMON 225606102 2111 205000 SOLE 205000 Crescent Real Estate COMMON 225756105 2062 120400 SOLE 120400 Cuisine Solutions COMMON 926604109 1233 1120457 SOLE 1120457 Cybersource Corp COMMON 23251J106 1300 251900 SOLE 251900 Cypress Semiconductor COMMON 232806109 3268 153000 SOLE 153000 Dana Corp. COMMON 235811106 917 50000 SOLE 50000 DiamondCluster Intl COMMON 25278P106 3595 352500 SOLE 352500 DigitalThink COMMON 25388M100 2996 1066100 SOLE 1066100 Dominion Resources Inc COMMON 25746U109 3511 55000 SOLE 55000 Dot Hill System Corp COMMON 25848T109 1439 95000 SOLE 95000 Drexler Tech Cp COMMON 261876106 3466 258768 SOLE 258768 Drugstore.com COMMON 262241102 110 20000 SOLE 20000 Durban Roodepoort Deep LTDCOMMON 266597301 951 300000 SOLE 300000 EFJ Inc COMMON 26843B101 1080 183000 SOLE 183000 EOG Resources COMMON 26875P101 4848 105000 SOLE 105000 EPlus COMMON 294268107 1236 100200 SOLE 100200 EUniverse Inc COMMON 298412107 879 549200 SOLE 549200 Ebookers PLC COMMON 278725106 3018 206000 SOLE 206000 Elan Corp. COMMON 284131208 12588 1827000 SOLE 1827000 Electronic Clearing House COMMON 285562500 695 63500 SOLE 63500 EnCana Corp COMMON 292505104 3952 100200 SOLE 100200 Energy Savings COMMON 292717105 9445 435000 SOLE 435000 Ensco Intl Inc. COMMON 26874Q100 2717 100000 SOLE 100000 Ensign Resource Service GrCOMMON 29357T104 3178 200000 SOLE 200000 Equinix Inc COMMON 29444U502 4512 160000 SOLE 160000 Equity Marketing COMMON 294724109 6681 473843 SOLE 473843 Excelligence Learning CorpCOMMON 300684107 713 116847 SOLE 116847 Exponent Inc COMMON 30214U102 3225 150700 SOLE 150700 FNX Mining COMMON 30253R101 6322 940000 SOLE 940000 Federal Home Loan Bank TREASU 31339YBK7 951 1000000 SOLE 1000000 Film Roman COMMON 317234102 57 283200 SOLE 283200 First Advantage Corp COMMON 31845F100 2155 110581 SOLE 110581 First American Financial COMMON 318522307 2977 100000 SOLE 100000 First Virtual Comm Corp COMMON 337484307 2802 1340783 SOLE 1340783 Flow Systems COMMON 343468104 229 76500 SOLE 76500 Fuel Tech COMMON 359523107 541 152300 SOLE 152300 Gap Stores COMMON 364760108 4387 189000 SOLE 189000 Garden Burger COMMON 365476100 442 1579830 SOLE 1579830 Garden Burger C prf Prefer 365476100 79 280500 SOLE 280500 Garden Burger D prf Prefer 365476100 37 131967 SOLE 131967 Gemplus International COMMON 36866y102 11747 2771750 SOLE 2771750 General Dynamics COMMON 369550108 2802 31000 SOLE 31000 Genesis Microchip COMMON 37184C103 3428 190000 SOLE 190000 Genus Inc. COMMON 372461103 3966 680000 SOLE 680000 Geo Group COMMON 36159R103 684 30000 SOLE 30000 Gladstone Capital COMMON 376535100 11237 502779 SOLE 502779 Gladstone Commercial Cp COMMON 376536108 5670 346500 SOLE 346500 Global Payments COMMON 37940x102 4740 100600 SOLE 100600 Golar LNG Ltd COMMON G9456A100 1715 120000 SOLE 120000 Goodrich (B.F.) COMMON 382388106 594 20000 SOLE 20000 Group Sense COMMON 399900117 1625 12500000 SOLE 12500000 Hall Kinion & Assoc COMMON 406069104 1282 253950 SOLE 253950 Halliburton & Co. COMMON 406216101 1820 70000 SOLE 70000 Harmonic Inc COMMON 413160102 544 75000 SOLE 75000 Harmony Gold Mining CompanCOMMON 413216300 5143 316900 SOLE 316900 Harvard Biosciences COMMON 416906105 3293 370000 SOLE 370000 Healthsouth Corp COMMON 421924101 18342 3996000 SOLE 3996000 Hewitt Associates COMMON 42822Q100 1495 50000 SOLE 50000 Hewlett-Packard Co COMMON 428236103 4102 178578 SOLE 178578 Hibernia Foods PLC ADR COMMON 428660104 41 2035480 SOLE 2035480 Hollywood Media COMMON 436233100 4348 1634342 SOLE 1634342 Hughes Electrncs COMMON 444418107 2316 139938 SOLE 139938 Hypercom Corp COMMON 44913M105 3780 794100 SOLE 794100 I2 Technologies COMMON 465754109 3446 2076000 SOLE 2076000 IAM Gold Corp COMMON 450913108 165 25000 SOLE 25000 IBIS Technology COMMON 450909106 1586 141000 SOLE 141000 IDT Corp B COMMON 448947309 2326 101065 SOLE 101065 Iamgold Corp COMMON 450913108 3163 455700 SOLE 455700 Imageware Systems COMMON 45245S108 3069 1063753 SOLE 1063753 Imperial Oil COMMON 453038408 3554 80000 SOLE 80000 In Focus Systems COMMON 45665B106 687 71000 SOLE 71000 Infocrossing Inc COMMON 45664X109 2932 254453 SOLE 254453 Ingram Micro Inc. COMMON 457153104 3180 200000 SOLE 200000 Innovex Inc. COMMON 457647105 2103 249500 SOLE 249500 Integramed America COMMON 45810n302 3680 588750 SOLE 588750 Intel Corp. COMMON 458140100 644 20009 SOLE 20009 Intergrated Circuit Sys COMMON 45811k208 2897 101700 SOLE 101700 Internap Networks COMMON 45885a102 18520 7749400 SOLE 7749400 International MicrocomputeCOMMON 459862306 230 200000 SOLE 200000 Interwoven Inc COMMON 46114t102 14819 1172375 SOLE 1172375 Intuitive Surgical COMMON 46120E602 7458 436400 SOLE 436400 Iridex COMMON 462684101 1518 278500 SOLE 278500 Island Pacific Inc COMMON 784872301 2622 1500000 SOLE 1500000 Juniper Networks COMMON 48203R104 822 44000 SOLE 44000 KFX Inc COMMON 48245L107 642 85000 SOLE 85000 Kinder Morgan COMMON 49455P101 2364 40000 SOLE 40000 Kintera Inc COMMON 49720P506 1562 126000 SOLE 126000 Kopin Corp COMMON 500600101 1040 155000 SOLE 155000 Kulicke & Soffa COMMON 501242101 719 50000 SOLE 50000 LSI Logic Corp. COMMON 502161102 887 100000 SOLE 100000 Lecroy COMMON 52324W109 191 10600 SOLE 10600 Lexar Media COMMON 52886p104 15265 875798 SOLE 875798 LifePoint Inc COMMON 53215R100 114 284000 SOLE 284000 LifePoint Inc ser D Prefer 53215R100 474 1246542 SOLE 1246542 LifePoint Inc ser D Prefer 53215R100 1426 3752958 SOLE 3752958 Lionore Mining Intl COMMON 535913107 1844 300000 SOLE 300000 Logitech Intl ADR COMMON 541419107 1063 25000 SOLE 25000 Loudeye Corp COMMON 545754103 5647 3024645 SOLE 3024645 MDC Partners Inc COMMON 552697104 23521 2069344 SOLE 2069344 MGM/UA COMMON 591610100 2136 125000 SOLE 125000 MSC Industrial Direct COMMON 553530106 5526 200950 SOLE 200950 MTC Technologies Inc COMMON 55377A106 1740 54000 SOLE 54000 Magma Design Automation COMMON 559181102 630 27000 SOLE 27000 Man Tech International COMMON 564563104 2370 95000 SOLE 95000 Manugistics Group COMMON 565011103 8845 1415200 SOLE 1415200 Marimba Inc COMMON 56781Q109 6358 1156000 SOLE 1156000 Martha Stewart Living OmniCOMMON 573083102 1083 110000 SOLE 110000 MatrixOne Inc COMMON 57685P304 3246 527000 SOLE 527000 Matrixx Initiatives Inc COMMON 57685L105 1589 89600 SOLE 89600 Maxtor Corporation COMMON 577729205 4162 375000 SOLE 375000 McMoran Exploration COMMON 582411104 823 43900 SOLE 43900 McMoran Exploration ConvBnd 582411AA2 3665 2500 SOLE 2500 Media Services Group Inc COMMON 584459101 226 63208 SOLE 63208 Medical Staffing Networks COMMON 58463F104 3064 279780 SOLE 279780 Medicalogic Medscape Inc COMMON 584642102 203 2584053 SOLE 2584053 Merix Corp COMMON 590049102 736 30000 SOLE 30000 Micrel Inc. COMMON 594793101 779 50000 SOLE 50000 Micron Technology Inc. COMMON 595112103 8082 600000 SOLE 600000 Microsemi Corp COMMON 595137100 4301 175000 SOLE 175000 Microsoft COMMON 594918104 3037 110294 SOLE 110294 Microtek Medical Holdings COMMON 59515B109 8944 1788900 SOLE 1788900 Miramar Mining COMMON 60466E100 1085 423500 SOLE 423500 Modtech Holdings COMMON 60783c100 21982 2739281 SOLE 2739281 Modtech Holdings Ser A Prefer 60783c100 539 67518 SOLE 67518 Monterey Pasta COMMON 612570101 9108 2441900 SOLE 2441900 Mpower Holding Cp COMMON 62473L309 1510 1000000 SOLE 1000000 Murphy Oil Corp COMMON 626717102 3592 55000 SOLE 55000 NCO Portfolio Mgmt Inc COMMON 62885j108 3565 430562 SOLE 430562 NP Test Holding Corp COMMON 67019A105 497 45000 SOLE 45000 NVIDIA Corp COMMON 67066g104 7173 308500 SOLE 308500 NWH Inc COMMON 62946E106 3540 172500 SOLE 172500 National Financial PartnerCOMMON 63607P208 2755 100000 SOLE 100000 Natrol Inc COMMON 638789107 3107 1113600 SOLE 1113600 Nautilus Group Inc COMMON 63910B102 2529 180000 SOLE 180000 Navarre Corp COMMON 639208107 2912 571053 SOLE 571053 Navigant Conslting COMMON 63935N107 8298 440000 SOLE 440000 Navistar Intl COMMON 63934E108 5028 105000 SOLE 105000 Netopia Inc COMMON 64114k104 15735 1079200 SOLE 1079200 Netscreen Technologies COMMON 64117V107 1114 45000 SOLE 45000 Network Equipment TechnoloCOMMON 641208103 5267 478800 SOLE 478800 Nevsun Resources COMMON 64156L101 1037 200000 SOLE 200000 News Corporation Ltd ADR COMMON 652487802 473 15647 SOLE 15647 Nike COMMON 654106103 6846 100000 SOLE 100000 Northrop COMMON 666807102 2390 25000 SOLE 25000 Novatel Wirelss COMMON 66987M604 1288 215000 SOLE 215000 O'Charleys Inc. COMMON 670823103 718 40000 SOLE 40000 ON Semiconductor COMMON 682189105 322 50000 SOLE 50000 Omnivision Technologies COMMON 682128103 3141 56850 SOLE 56850 OnSite Energy COMMON 68284P108 15 1540973 SOLE 1540973 OnSite Energy Corp. ser E Preferr 68284P108 45 2250000 SOLE 2250000 Opentv Corp COMMON G67543101 5070 1513480 SOLE 1513480 Openwave Systems COMMON 683718308 15423 1402054 SOLE 1402054 Opinion Research Corp COMMON 683755102 4852 759300 SOLE 759300 Opsware Inc COMMON 68383A101 7289 984950 SOLE 984950 Optimal Robotics COMMON 68388R208 3034 379700 SOLE 379700 Overnite Corp COMMON 690322102 682 30000 SOLE 30000 PC-Tel Inc COMMON 69325Q105 2690 253576 SOLE 253576 PPL Corp COMMON 69351T106 4462 102000 SOLE 102000 Palomar Medical Tech COMMON 697529303 1610 153000 SOLE 153000 Pan American Silver COMMON 697900108 2592 181250 SOLE 181250 Patron Systems COMMON 70337V108 443 2012750 SOLE 2012750 Paxar Corp COMMON 704227107 3417 255000 SOLE 255000 Peabody Energy COMMON 704549104 626 15000 SOLE 15000 Penn Virginia Resource ParCOMMON 707884102 586 17100 SOLE 17100 Peregrine Systems Inc COMMON 71366Q101 1741 90435 SOLE 90435 Phoenix Technology COMMON 719153108 3798 470000 SOLE 470000 Pinnacle Systems COMMON 723481107 2358 276400 SOLE 276400 Plato Learning COMMON 72764Y100 4149 393300 SOLE 393300 Playboy Enterprise Inc HoCOMMON 728117300 3244 200750 SOLE 200750 Polycom COMMON 73172K104 878 45000 SOLE 45000 Polymedica COMMON 731738100 10656 405017 SOLE 405017 Poore Brothers Inc COMMON 732813100 1172 344613 SOLE 344613 Portal Software COMMON 736126301 7260 1078800 SOLE 1078800 Power Integrations COMMON 739276103 2476 74000 SOLE 74000 Precision Drilling COMMON 74022D100 3036 69500 SOLE 69500 Psychiatric Solutions COMMON 74439H108 8266 395505 SOLE 395505 Q Comm International Inc cCOMMON 74727M207 689 107800 SOLE 107800 QRS Corp COMMON 74726x105 4818 593320 SOLE 593320 Quantum Fuel Systems Tech COMMON 74765E109 7833 974300 SOLE 974300 Quicksilver Resources COMMON 74837R104 2151 66600 SOLE 66600 R F Monolithics Inc COMMON 74955F106 5131 521990 SOLE 521990 RC2 Corp COMMON 749388104 7626 367500 SOLE 367500 Red Hat Inc COMMON 756577102 14436 769100 SOLE 769100 Remec Inc COMMON 759543101 2102 250000 SOLE 250000 Res-Care Inc COMMON 760943100 2322 286694 SOLE 286694 Rio Narcea Gld Mns Ltd Warrant 766909105 49 52500 SOLE 52500 Rio Narcea Gld Mns Ltd COMMON 766909105 5136 1670000 SOLE 1670000 Robotic Vsns COMMON 771074101 1057 337000 SOLE 337000 Safeguard Scientific Cvt BBonds 786449AE8 1346 1530000 SOLE 1530000 Safeguard Scientifics Inc.COMMON 786449108 17313 4285400 SOLE 4285400 Sapient Corp COMMON 803062108 1820 325000 SOLE 325000 ScanSoft COMMON 80603P107 1096 206000 SOLE 206000 Scientific Atlanta COMMON 808655104 546 20000 SOLE 20000 Scientific Games COMMON 80874P109 5783 340000 SOLE 340000 Sciquest Inc COMMON 80908q107 562 158859 SOLE 158859 Sharper Image COMMON 820013100 4395 134618 SOLE 134618 Sigmatel COMMON 82661W107 740 30000 SOLE 30000 Silicon Image Inc COMMON 82705T102 12852 1795000 SOLE 1795000 Silicon Storage Tech COMMON 827057100 2839 258100 SOLE 258100 Silicon Valley Banchares COMMON 827064106 9755 270450 SOLE 270450 Silver Standard Resources COMMON 82823L106 3748 335800 SOLE 335800 Sino Forest CL A COMMON 82934H101 3464 870300 SOLE 870300 Sirenza Microdevices COMMON 82966T106 1560 325000 SOLE 325000 Skillsoft Corp COMMON 830928107 5613 648934 SOLE 648934 Skyworks Solutions COMMON 83088M102 1087 125000 SOLE 125000 Socket Communications COMMON 833672108 501 150000 SOLE 150000 Sonex Com Rest. COMMON 835448101 130 944946 SOLE 944946 Sonex Pfd Stk Prefer 835448101 621 253750 SOLE 253750 Stamps.com Inc COMMON 852857101 10378 1673947 SOLE 1673947 Stratasys COMMON 862685104 4634 170000 SOLE 170000 Stratex Networks COMMON 86279T109 4692 1103969 SOLE 1103969 Sun Opta COMMON 8676EP108 17339 1878500 SOLE 1878500 Superconductor TechnologieCOMMON 867931107 3729 668200 SOLE 668200 Superior Energy Services COMMON 868157108 1410 150000 SOLE 150000 Symbol Technologies COMMON 871508107 7816 462750 SOLE 462750 Tag It Pacific COMMON 873774103 4113 946100 SOLE 946100 Taiwan Semiconductors COMMON 874039100 3328 325000 SOLE 325000 Talisman Energy COMMON 87425E103 2830 50000 SOLE 50000 Technology Investment CapiCOMMON 878717305 4205 270400 SOLE 270400 Teekay Shipping COMMON Y8564W103 1540 27000 SOLE 27000 Tekelec COMMON 879101103 6217 399800 SOLE 399800 Thermogenesis Corp COMMON 883623209 13125 2533800 SOLE 2533800 Tidel Tech COMMON 886368109 341 655100 SOLE 655100 Tidel Tech Prom.Nt 886368109 210 210000 SOLE 210000 Tommy Hilfiger Corp COMMON G8915Z102 3332 225000 SOLE 225000 Transmeta Corp COMMON 89376r109 840 247000 SOLE 247000 TriZetto Group COMMON 896882107 1319 204500 SOLE 204500 Trident Microsystems COMMON 895919108 3397 195000 SOLE 195000 UTStarcom Inc COMMON 918076100 12567 339000 SOLE 339000 Ultimate Software Group InCOMMON 90385D107 1315 150000 SOLE 150000 Ultratech Inc COMMON 904034105 17631 600300 SOLE 600300 Univision Communications COMMON 914906102 3929 99000 SOLE 99000 VendingData Corp COMMON 92261Q202 1785 300000 SOLE 300000 Verity COMMON 92343C106 834 50000 SOLE 50000 Verizon Communications COMMON 92343V104 2105 60000 SOLE 60000 Versant Corp COMMON 925284101 542 347250 SOLE 347250 Verso Tech Inc COMMON 925317109 900 281100 SOLE 281100 Virage Logic Corp COMMON 92763R104 3051 300000 SOLE 300000 Vitalworks Inc COMMON 928483106 8149 1843700 SOLE 1843700 Vitesse COMMON 928497106 7504 1278400 SOLE 1278400 WGI Heavy Minerals COMMON 929267102 8759 985500 SOLE 985500 WebEx Inc COMMON 94767L109 4221 210000 SOLE 210000 West Marine COMMON 954235107 6424 231000 SOLE 231000 Westport Resources Corp COMMON 961418100 4688 157000 SOLE 157000 Wheaton Rvr Mnrls Warrant 962902177 78 43750 SOLE 43750 Wheaton Rvr Mnrls Warrant 962902193 143 100000 SOLE 100000 Youbet.com Inc COMMON 987413101 967 385400 SOLE 385400 Zindart LTD ADR's COMMON 989597109 11045 1621850 SOLE 1621850 Zygo Corp COMMON 989855101 4073 247000 SOLE 247000
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