-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MFDLfv3WkUYoEWx9FJwTK4p2lYwkPNYBiw4ODYXfjdlOyATAeUUnPd2x1hD0bvUZ mjIYq5PNCMYIPFgmielpJg== 0000909450-04-000048.txt : 20040510 0000909450-04-000048.hdr.sgml : 20040510 20040510104752 ACCESSION NUMBER: 0000909450-04-000048 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20040331 FILED AS OF DATE: 20040510 EFFECTIVENESS DATE: 20040510 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GRUBER & MCBAINE CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0000909450 IRS NUMBER: 770210467 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-04761 FILM NUMBER: 04791364 BUSINESS ADDRESS: STREET 1: 50 OSGOOD PLACE PENTHOUSE CITY: SAN FRANCISCO STATE: CA ZIP: 94133 BUSINESS PHONE: 4159811039 MAIL ADDRESS: STREET 1: 50 OSGOOD PLACE CITY: SAN FRANCISCO STATE: CA ZIP: 94133 FORMER COMPANY: FORMER CONFORMED NAME: GRUBER & MCBAINE CAPITAL MANAGEMENT/GRUBER JON D ET AL DATE OF NAME CHANGE: 19951108 13F-HR 1 q10413f.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: March 31, 2004 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_ May 10, 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: _____354___ Form 13F Information Table Value Total: __1,275,132__ 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 5569 877000 SOLE 877000 AES Corp COMMON 00130H105 6518 764100 SOLE 764100 AT and T Wireless COMMON 00209A106 953 70000 SOLE 70000 AU Optronics COMMON 002255107 3456 165352 SOLE 165352 Actuant Corp COMMON 00508X203 2746 70000 SOLE 70000 Actuate Software Corp COMMON 00508B102 1163 360000 SOLE 360000 Adept Technology COMMON 006854103 2360 2622221 SOLE 2622221 Advanced Micro Devices COMMON 007903107 5680 350000 SOLE 350000 Advanced Micro Devices CvtBonds 007903af4 1175 500000 SOLE 500000 Advisory Board COMMON 00762W107 11641 318500 SOLE 318500 Aehr Test Systems COMMON 00760J108 1007 200900 SOLE 200900 Agere Systems COMMON 00845V100 1595 497000 SOLE 497000 Agilent Technologies COMMON 00846U101 1898 60000 SOLE 60000 Alliance Gaming Corp COMMON 01859P609 11245 350000 SOLE 350000 Allied Healthcare Intl IncCOMMON 01923A109 4521 662950 SOLE 662950 Allscripts Healthcare SoluCOMMON 01988P108 14113 1454900 SOLE 1454900 Alteon Inc COMMON 02144G107 2279 1265900 SOLE 1265900 Anglogold Ashanti LTD COMMON 035128206 4671 110500 SOLE 110500 Answerthink Inc COMMON 036916104 1351 175000 SOLE 175000 Applied Films COMMON 038197109 6939 248700 SOLE 248700 ArtiSoft Inc B Preferred 04314L205 2406 855540 SOLE 855540 ArtiSoft Inc C Preferred 04314L205 937 333335 SOLE 333335 Ashanti Goldfields COMMON 043743202 503 41400 SOLE 41400 Asia Aluminum Holdings LimCOMMON 6110077 780 6000000 SOLE 6000000 August Technologies COMMON 05106U105 2467 164500 SOLE 164500 Authentidate Hldg Corp COMMON 052666104 3147 249999 SOLE 249999 BP PLC COMMON 110889409 6144 120000 SOLE 120000 Bancorp Bank COMMON 05969F104 2925 162500 SOLE 162500 Benihana Inc COMMON 082047200 3683 203265 SOLE 203265 Bennett Environmental COMMON 081906109 414 32600 SOLE 32600 BindView Developlment COMMON 090327107 340 100000 SOLE 100000 Bio-Rad Laboratories Inc COMMON 090572207 3844 68200 SOLE 68200 Bitstream Inc COMMON 091736108 4266 1281200 SOLE 1281200 Blue Rhino Corp COMMON 095811105 22258 1326900 SOLE 1326900 Bombardier Inc class B COMMON 097751200 771 181000 SOLE 181000 Bookham Technology Plc COMMON 09856Q108 2690 1233800 SOLE 1233800 Braun Consulting Inc COMMON 105651103 1980 664500 SOLE 664500 Broadcom Corp COMMON 111320107 901 23000 SOLE 23000 Brookstone COMMON 114537103 770 28000 SOLE 28000 Bruker Biosciences COMMON 116794108 2654 529750 SOLE 529750 Buyers United COMMON 12427M101 2001 870000 SOLE 870000 CNS Inc COMMON 126136100 628 58500 SOLE 58500 Calif Micro Dev COMMON 130439102 5759 455543 SOLE 455543 Calpine Corp COMMON 131347106 1170 250500 SOLE 250500 Campbell Soup Co COMMON 134429109 6272 230000 SOLE 230000 Canico Resources COMMON 137580106 4398 450000 SOLE 450000 Capital Senior Corp COMMON 140475104 4327 699000 SOLE 699000 Capstone Turbine COMMON 14067D102 556 225000 SOLE 225000 Captaris Inc COMMON 14071N104 2799 509000 SOLE 509000 Captiva Software Co COMMON 14073T109 691 49900 SOLE 49900 Carbo Ceramics Inc COMMON 140781105 3157 50150 SOLE 50150 Carreker Corp COMMON 144433109 1459 184200 SOLE 184200 Cedar Fair COMMON 150185106 2958 84600 SOLE 84600 Centillium Communications COMMON 152319109 746 165000 SOLE 165000 Central Parking Corp COMMON 154785109 11278 561675 SOLE 561675 Champion Enterprises COMMON 158496109 3445 325000 SOLE 325000 Chaoda Modern Agriculture COMMON 6313490 540 1502000 SOLE 1502000 CharterMac COMMON 160908109 1264 51000 SOLE 51000 Chicago Bridge and Iron CoCOMMON 167250109 2644 95000 SOLE 95000 China.com COMMON G2108N109 4409 508500 SOLE 508500 ChipPac Inc COMMON 169657103 1582 200000 SOLE 200000 ChoicePoint Inc COMMON 170388102 8100 213000 SOLE 213000 Cisco COMMON 17275R102 4785 203431 SOLE 203431 Citadel Security Software COMMON 17288Q109 2809 586500 SOLE 586500 CoStar Group COMMON 22160n109 10011 271369 SOLE 271369 Coeur D Alene Mines Corp COMMON 192108108 3542 506000 SOLE 506000 Collegiate Pacific COMMON 194589206 2137 229000 SOLE 229000 Collins and Aikman CorporaCOMMON 194830204 16821 3058400 SOLE 3058400 Comarco Inc. COMMON 200080109 5279 617400 SOLE 617400 Combmatrix Corp COMMON 003881208 593 100000 SOLE 100000 Compex Technologies COMMON 204513105 3721 413400 SOLE 413400 Computer Access TechnologyCOMMON 204853105 1455 300000 SOLE 300000 Compuware COMMON 205638109 1490 200000 SOLE 200000 Corio Inc COMMON 218875102 7375 1848340 SOLE 1848340 Corporate Executive Board COMMON 21988r102 11322 240900 SOLE 240900 Covad Communications COMMON 222814204 435 172500 SOLE 172500 Cray Inc COMMON 225223106 3060 461600 SOLE 461600 Cree Research COMMON 225447101 5162 231500 SOLE 231500 Creo Inc COMMON 225606102 1988 209700 SOLE 209700 Cuisine Solutions COMMON 926604109 1401 1120457 SOLE 1120457 Cumulus Media Inc COMMON 231082108 8036 402000 SOLE 402000 Cutera Inc COMMON 232109108 700 50000 SOLE 50000 Cybersource Corp COMMON 23251J106 1224 251900 SOLE 251900 Cypress Semiconductor COMMON 232806109 2707 132250 SOLE 132250 Dendreon Corp COMMON 24823Q107 4189 315000 SOLE 315000 DiamondCluster Intl COMMON 25278P106 2423 250300 SOLE 250300 Digital Theater Systems COMMON 25389G102 1281 50000 SOLE 50000 DirectV Group Inc COMMON 25459L106 2275 147938 SOLE 147938 Dominion Resources Inc COMMON 25746U109 4308 67000 SOLE 67000 Dot Hill System Corp COMMON 25848T109 1603 160000 SOLE 160000 Drexler Tech Cp COMMON 261876106 3491 258768 SOLE 258768 Duke Energy COMMON 264399106 1582 70000 SOLE 70000 Durban Roodepoort Deep LTDCOMMON 266597301 4914 1400000 SOLE 1400000 EFJ Inc COMMON 26843B101 1130 243000 SOLE 243000 EOG Resources COMMON 26875P101 9086 198000 SOLE 198000 EUniverse Inc COMMON 298412107 2809 1276700 SOLE 1276700 EVCI Career Colleges Inc COMMON 26926P100 769 60000 SOLE 60000 Elan Corp. COMMON 284131208 16254 788250 SOLE 788250 Electronic Clearing House COMMON 285562500 950 100100 SOLE 100100 EnCana Corp COMMON 292505104 5442 126200 SOLE 126200 Encore Acquistion Co COMMON 29255W100 1385 50000 SOLE 50000 Energy Savings COMMON 292717105 11061 870000 SOLE 870000 Ensco Intl Inc. COMMON 26874Q100 5324 189000 SOLE 189000 Ensign Resource Service GrCOMMON 29357T104 3421 200000 SOLE 200000 Equinix Inc COMMON 29444U502 3983 110000 SOLE 110000 Equity Marketing COMMON 294724109 7405 496950 SOLE 496950 Excelligence Learning CorpCOMMON 300684107 677 116847 SOLE 116847 Exponent Inc COMMON 30214U102 3360 149200 SOLE 149200 FNX Mining COMMON 30253R101 3957 737600 SOLE 737600 Federal Home Loan Bank TREASU 31339YBK7 477 500000 SOLE 500000 Film Roman COMMON 317234102 45 283200 SOLE 283200 First Virtual Comm Corp COMMON 337484307 2038 1340783 SOLE 1340783 Flow Systems COMMON 343468104 1041 320400 SOLE 320400 Fuel Tech COMMON 359523107 761 152300 SOLE 152300 Garden Burger COMMON 365476100 474 1579830 SOLE 1579830 Garden Burger C prf Preferred 365476100 84 280500 SOLE 280500 Garden Burger D prf Preferred 365476100 40 131967 SOLE 131967 Gemplus International COMMON 36866y102 16651 3643500 SOLE 3643500 General Dynamics COMMON 369550108 1688 18900 SOLE 18900 Genius Prod Inc COMMON 37229R206 1500 1071500 SOLE 1071500 Geo Group COMMON 36159R103 805 35000 SOLE 35000 Gladstone Capital COMMON 376535100 6748 300050 SOLE 300050 Gladstone Commercial Cp COMMON 376536108 5146 300948 SOLE 300948 Global Payments COMMON 37940x102 7316 162300 SOLE 162300 Golar LNG Ltd COMMON G9456A100 1819 120000 SOLE 120000 Goodrich COMMON 382388106 561 20000 SOLE 20000 Group Sense COMMON 399900117 1500 12500000 SOLE 12500000 Halliburton & Co. COMMON 406216101 2127 70000 SOLE 70000 Harmony Gold Mining CompanCOMMON 413216300 5433 352100 SOLE 352100 Harvard Biosciences COMMON 416906105 3172 341600 SOLE 341600 Headwaters Inc COMMON 42210P102 640 25000 SOLE 25000 Health Fitness Corp COMMON 42217V102 337 177500 SOLE 177500 Healthsouth Corp COMMON 421924101 13012 3166000 SOLE 3166000 Hear USA COMMON 422360305 2324 1229400 SOLE 1229400 Hewitt Associates COMMON 42822Q100 3873 121000 SOLE 121000 Hewlett-Packard Co COMMON 428236103 5208 228000 SOLE 228000 HiFn Inc COMMON 428358105 932 85000 SOLE 85000 Hibernia Foods PLC ADR COMMON 428660104 51 2035480 SOLE 2035480 Hollywood Media COMMON 436233100 5851 1634342 SOLE 1634342 Hypercom Corp COMMON 44913M105 6998 900000 SOLE 900000 IAM Gold Corp COMMON 450913108 156 25000 SOLE 25000 IBIS Technology COMMON 450909106 1106 95100 SOLE 95100 ICOS Corp. COMMON 449295104 11208 302500 SOLE 302500 Iamgold Corp COMMON 450913108 5890 903400 SOLE 903400 Imageware Sys COMMON 45245S108 4286 1136853 SOLE 1136853 Imperial Oil COMMON 453038408 726 16200 SOLE 16200 In Focus Systems COMMON 45665B106 1322 141400 SOLE 141400 Infocrossing Inc COMMON 45664X109 3770 289553 SOLE 289553 Ingram Micro Inc. COMMON 457153104 4199 232000 SOLE 232000 Innovex Inc. COMMON 457647105 1694 249500 SOLE 249500 Integramed America COMMON 45810n302 4477 588950 SOLE 588950 Integrated Circuit Sys COMMON 45811k208 1920 76700 SOLE 76700 Intel Corp. COMMON 458140100 544 20009 SOLE 20009 Intelligroup Inc COMMON 45816A106 1865 254800 SOLE 254800 Internap Networks COMMON 45885a102 15238 9049400 SOLE 9049400 Intervoice Inc COMMON 461142101 4390 260200 SOLE 260200 Interwoven Inc COMMON 46114t102 8451 847625 SOLE 847625 Iomega Corp COMMON 462030305 838 150000 SOLE 150000 Ionics COMMON 462218108 568 20000 SOLE 20000 Ipayment Inc COMMON 46262E105 3166 95200 SOLE 95200 Isolagen COMMON 46488N103 1190 100900 SOLE 100900 Iteris Holdings Class A COMMON 46564M102 1616 404000 SOLE 404000 John B Sanfilippo and Son COMMON 800422107 4037 110000 SOLE 110000 KFX Inc COMMON 48245L107 410 39500 SOLE 39500 Kemet Corp COMMON 488360108 1075 75000 SOLE 75000 Kenneth Cole Productions COMMON 193294105 3751 110000 SOLE 110000 Kinder Morgan COMMON 49455P101 2521 40000 SOLE 40000 Kintera Inc COMMON 49720P506 1510 90600 SOLE 90600 Kopin Corp COMMON 500600101 1589 275000 SOLE 275000 Kulicke & Soffa COMMON 501242101 586 50000 SOLE 50000 LSI Logic Corp. COMMON 502161102 1401 150000 SOLE 150000 LTX Corp. COMMON 502392103 830 55000 SOLE 55000 Lexar Media COMMON 52886p104 12955 782298 SOLE 782298 LifePoint Inc COMMON 53215R100 105 284000 SOLE 284000 LifePoint Inc ser D pref Preferred 53215R100 438 1246542 SOLE 1246542 LifePoint Inc ser D pref Preferred 53215R100 1319 3752958 SOLE 3752958 Lionore Mining Intl COMMON 535913107 1429 300000 SOLE 300000 Lions Gate Entertainment COMMON 535919203 750 120000 SOLE 120000 Loudeye Corp COMMON 545754103 5328 3024645 SOLE 3024645 MDC Partners Inc COMMON 55267w309 23618 1505650 SOLE 1505650 MGM/UA COMMON 591610100 3428 197000 SOLE 197000 MSC Industrial Direct COMMON 553530106 6605 220550 SOLE 220550 MTC Technologies Inc COMMON 55377A106 2109 84000 SOLE 84000 Macromedia Inc. COMMON 556100100 1736 86500 SOLE 86500 Magma Design Automation COMMON 559181102 565 27000 SOLE 27000 Magna Entertainment Corp COMMON 559211107 903 150000 SOLE 150000 Magnetek COMMON 559424106 1096 145000 SOLE 145000 Majesco Holdings pf cv Preferred 560690109 2000 2000000 SOLE 2000000 Man Tech International COMMON 564563104 461 22500 SOLE 22500 Manugistics Group COMMON 565011103 6710 979500 SOLE 979500 Marchex Inc COMMON 56624R108 2031 230000 SOLE 230000 Marimba Inc COMMON 56781Q109 5505 934600 SOLE 934600 Matchnet Plc GDR's COMMON 576660104 1513 150573 SOLE 150573 MatrixOne Inc COMMON 57685P304 6196 853400 SOLE 853400 Matrixx Initiatives Inc COMMON 57685L105 5740 636456 SOLE 636456 Media Services Group Inc COMMON 584459101 235 63208 SOLE 63208 Medicalogic Medscape Inc COMMON 584642102 304 2584053 SOLE 2584053 Merix Corp COMMON 590049102 553 30000 SOLE 30000 Micrel Inc. COMMON 594793101 667 50000 SOLE 50000 Microislet Inc COMMON 59507Q106 1450 1115384 SOLE 1115384 Micron Technology Inc. COMMON 595112103 11948 715000 SOLE 715000 Microsemi Corp COMMON 595137100 5609 410000 SOLE 410000 Microtek Medical Holdings COMMON 59515B109 10748 2351900 SOLE 2351900 Miramar Mining COMMON 60466E100 2728 1525000 SOLE 1525000 Modtech Holdings COMMON 60783c100 19232 2739281 SOLE 2739281 Modtech Holdings Ser A Preferred 60783C100 474 67518 SOLE 67518 Monsanto Comp COMMON 61166W101 2934 80000 SOLE 80000 Monterey Pasta COMMON 612570101 8302 2441900 SOLE 2441900 Mpower Holding Cp COMMON 62473L309 1404 1025000 SOLE 1025000 Murphy Oil Corp COMMON 626717102 3463 55000 SOLE 55000 NCO Group COMMON 628858102 3273 140062 SOLE 140062 NP Test Holding Corp COMMON 67019A105 1363 90000 SOLE 90000 NVIDIA Corp COMMON 67066g104 8172 308500 SOLE 308500 NWH Inc COMMON 62946E106 3467 172500 SOLE 172500 National Financial PartnerCOMMON 63607P208 3048 94500 SOLE 94500 National Semiconductor COMMON 637640103 2666 60000 SOLE 60000 Natrol Inc COMMON 638789107 4166 1113600 SOLE 1113600 Nautilus Group Inc COMMON 63910B102 5670 360000 SOLE 360000 Navarre Corp COMMON 639208107 7122 1214053 SOLE 1214053 Navigant Conslting COMMON 63935N107 7396 365600 SOLE 365600 Navistar Intl COMMON 63934E108 4814 105000 SOLE 105000 NetIQ Corp COMMON 64115p102 2373 170000 SOLE 170000 Netegrity COMMON 64110P107 4454 524000 SOLE 524000 Netopia Inc COMMON 64114k104 7617 621250 SOLE 621250 Network Equipment TechnoloCOMMON 641208103 784 78600 SOLE 78600 Nevsun Resources COMMON 64156L101 769 200000 SOLE 200000 New Sleepr Gld Cp COMMON 648732105 548 800000 SOLE 800000 News Corporation Ltd ADR COMMON 652487802 496 15647 SOLE 15647 Nike COMMON 654106103 4283 55000 SOLE 55000 Novatel Wirelss COMMON 66987M604 4781 229507 SOLE 229507 Novellus Systems COMMON 670008101 954 30000 SOLE 30000 Nutraceutical Inc COMMON 67060Y101 5884 272400 SOLE 272400 Omnivision Technologies COMMON 682128103 1365 50000 SOLE 50000 OnSite Energy COMMON 68284P108 15 1540973 SOLE 1540973 OnSite Energy Corp. ser E Preferred 68284P108 45 2250000 SOLE 2250000 Online Resoucres COMMON 68273G101 3134 525000 SOLE 525000 Opentv Corp COMMON G67543101 5536 1713902 SOLE 1713902 Openwave Systems COMMON 683718308 10387 778666 SOLE 778666 Opinion Research Corp COMMON 683755102 4715 759300 SOLE 759300 Optimal Group COMMON 68388R208 6518 901500 SOLE 901500 Overnite Corp COMMON 690322102 690 30000 SOLE 30000 PC-Tel Inc COMMON 69325Q105 1819 176076 SOLE 176076 PLX Technology COMMON 693417107 1185 110000 SOLE 110000 PPL Corp COMMON 69351T106 4879 107000 SOLE 107000 Pan American Silver COMMON 697900108 899 50450 SOLE 50450 Path 1 Network Tech COMMON 703186205 545 100000 SOLE 100000 Patron Systems COMMON 70337V108 2617 2012750 SOLE 2012750 Paxar Corp COMMON 704227107 11853 803600 SOLE 803600 Peabody Energy COMMON 704549104 1860 40000 SOLE 40000 Penn Virginia Resource ParCOMMON 707884102 604 17100 SOLE 17100 Peregrine Systems Inc COMMON 71366Q101 4776 216095 SOLE 216095 Perma-Fix Envirn Serv COMMON 714157104 1200 533333 SOLE 533333 Perot Systems Co COMMON 714265105 1330 100000 SOLE 100000 Phoenix Technology COMMON 719153108 2533 470000 SOLE 470000 Pinnacle Systems COMMON 723481107 2360 261400 SOLE 261400 Plato Learning COMMON 72764Y100 5717 566600 SOLE 566600 Playboy Enterprise Inc HoCOMMON 728117300 2955 210750 SOLE 210750 Polycom COMMON 73172K104 2866 135000 SOLE 135000 Polymedica COMMON 731738100 4372 163017 SOLE 163017 Polyone Corp COMMON 73179P106 798 120000 SOLE 120000 Poore Brothers Inc COMMON 732813100 1099 344613 SOLE 344613 Portal Software COMMON 73612630 7236 1073600 SOLE 1073600 Precision Castparts COMMON 740189105 2201 50000 SOLE 50000 Precision Drilling COMMON 74022D100 3237 69500 SOLE 69500 Provide Commerce COMMON 74373W103 1716 75423 SOLE 75423 Q Comm International Inc cCOMMON 74727M207 418 105800 SOLE 105800 QRS Corp COMMON 74726x105 2553 452620 SOLE 452620 Quantum Fuel Systems Tech COMMON 74765E109 7361 928200 SOLE 928200 Questcor Phamaceuticals InCOMMON 74835Y101 43 50000 SOLE 50000 Quicksilver Resources COMMON 74837R104 2333 60200 SOLE 60200 R F Monolithics Inc COMMON 74955F106 2568 240690 SOLE 240690 RAE Systems Inc COMMON 75061P102 101 25000 SOLE 25000 RC2 Corp COMMON 749388104 5588 203200 SOLE 203200 Rainmaker Systms Inc COMMON 750875106 2622 1000000 SOLE 1000000 Red Hat Inc COMMON 756577102 10287 450000 SOLE 450000 Remec Inc. COMMON 759543101 1905 250700 SOLE 250700 Res-Care Bonds Bonds 760943af7 269 250000 SOLE 250000 Res-Care Inc COMMON 760943100 5830 456194 SOLE 456194 Rio Narcea Gld Mns Ltd warrants 766909105 34 52500 SOLE 52500 Rio Narcea Gld Mns Ltd COMMON 766909105 2271 1000000 SOLE 1000000 Robotic Vsns COMMON 771074309 549 170000 SOLE 170000 Rofin Sinar Tech COMMON 775043102 597 20000 SOLE 20000 Safeguard Scientific Cvt BBonds 786449AE8 126 130000 SOLE 130000 Safeguard Scientifics Inc.COMMON 786449108 18470 4965000 SOLE 4965000 Safenet Inc COMMON 78645r107 1126 30000 SOLE 30000 Sandisk Corp COMMON 80004C101 1135 40000 SOLE 40000 Sapient Corp COMMON 803062108 1507 250000 SOLE 250000 ScanSoft COMMON 80603P107 4489 803100 SOLE 803100 Scientific Games COMMON 80874P109 6571 351000 SOLE 351000 Sciquest Inc COMMON 80908q107 75 19959 SOLE 19959 Scottish Power PLC COMMON 81013T705 1134 40000 SOLE 40000 Seachange Intl COMMON 811699107 612 40000 SOLE 40000 Sharper Image COMMON 820013100 4119 126430 SOLE 126430 Silicon Image Inc COMMON 82705T102 19768 1919200 SOLE 1919200 Silicon Storage Tech COMMON 827057100 5823 450000 SOLE 450000 Silicon Valley Banchares COMMON 827064106 13785 424950 SOLE 424950 Silver Standard Resources COMMON 82823L106 1659 103300 SOLE 103300 Sino Trans COMMON 6579010 200 500000 SOLE 500000 Sirenza Microdevices COMMON 82966T106 1443 325000 SOLE 325000 Skyworks Solutions COMMON 83088M102 2332 200000 SOLE 200000 Socket Communications COMMON 833672108 553 180000 SOLE 180000 Sonex Com Rest. COMMON 835448101 119 884946 SOLE 884946 Sonex Pfd Stk Preferred 835448101 621 253750 SOLE 253750 Sonus Networks COMMON 835916107 568 150000 SOLE 150000 Staktek Holdings COMMON 85256P106 1225 100000 SOLE 100000 Station Casinos COMMON 857689103 1877 42500 SOLE 42500 Stratasys COMMON 862685104 2845 149500 SOLE 149500 Sum Total Systems COMMON 866615107 4974 638759 SOLE 638759 Sun Opta COMMON 8676EP108 5825 589000 SOLE 589000 Support.com Inc COMMON 868587106 771 70000 SOLE 70000 Sybase Inc COMMON 871130100 1469 70000 SOLE 70000 Symbol Technologies COMMON 871508107 5520 400000 SOLE 400000 Tag It Pacific COMMON 873774103 5414 946100 SOLE 946100 Taiwan Semiconductors COMMON 874039100 3356 321500 SOLE 321500 Talisman Energy COMMON 87425E103 4128 70000 SOLE 70000 Tarantella Inc COMMON 876090309 1506 714286 SOLE 714286 Technology Investment CapiCOMMON 878717305 5305 363600 SOLE 363600 Technology Research COMMON 878727304 2848 225000 SOLE 225000 Teekay Shipping COMMON Y8564W103 2411 35000 SOLE 35000 Tekelec COMMON 879101103 5889 355000 SOLE 355000 Theglobe.com COMMON 88335R101 1040 1223500 SOLE 1223500 Thermogenesis Corp COMMON 883623209 11087 2806900 SOLE 2806900 Tidel Tech COMMON 886368109 699 998600 SOLE 998600 Titanium Corp COMMON 88833T104 952 625000 SOLE 625000 Tommy Hilfiger Corp COMMON G8915Z102 3400 200000 SOLE 200000 Trident Microsystems COMMON 895919108 2385 149500 SOLE 149500 Tumbleweed Communications COMMON 899690101 1267 180700 SOLE 180700 UTStarcom Inc COMMON 918076100 719 25000 SOLE 25000 Ultimate Software Group InCOMMON 90385D107 2047 150000 SOLE 150000 Ultratech Inc COMMON 904034105 20105 862500 SOLE 862500 Unit Corp. COMMON 909218109 1097 40000 SOLE 40000 Univision Communications COMMON 914906102 1624 49200 SOLE 49200 Unova Inc COMMON 91529B106 756 35000 SOLE 35000 VA Software Corp COMMON 91819b100 202 70500 SOLE 70500 Validian Corp COMMON 91915P107 2057 2282222 SOLE 2282222 VendingData Corp COMMON 92261Q202 948 237100 SOLE 237100 Verizon Communications COMMON 92343V104 2558 70000 SOLE 70000 Versant Corp COMMON 925284101 810 450000 SOLE 450000 Verso Tech Inc COMMON 925317109 386 231100 SOLE 231100 Viewpoint Corp COMMON 92672P108 676 200500 SOLE 200500 Virage Logic Corp COMMON 92763R104 4069 440000 SOLE 440000 Vishay Intertech COMMON 928298108 1280 60000 SOLE 60000 Vitalworks Inc COMMON 928483106 6201 1653700 SOLE 1653700 Vitesse COMMON 928497106 8229 1160700 SOLE 1160700 WGI Heavy Minerals COMMON 929267102 7091 913000 SOLE 913000 Warderly Intl Holdings COMMON 6572224 877 6450000 SOLE 6450000 WebEx Inc COMMON 94767L109 6243 210000 SOLE 210000 West Marine COMMON 954235107 5469 171700 SOLE 171700 Western Gas Res COMMON 958259103 1780 35000 SOLE 35000 Westport Resources Corp COMMON 961418100 6895 209000 SOLE 209000 Wheaton Rvr Mnrls warrants 962902193 160 100000 SOLE 100000 Youbet.com Inc COMMON 987413101 1203 330400 SOLE 330400 Zindart LTD ADR's COMMON 989597109 9520 1621850 SOLE 1621850 Zygo Corp COMMON 989855101 5563 355950 SOLE 355950
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