13F-HR 1 q30513f.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: September 30, 2005 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_ November 11, 2005 [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: _____334___ Form 13F Information Table Value Total: _1,308,107_ 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 5748 701000 SOLE 701000 AM Castle and Co COMMON 148411101 1395 79700 SOLE 79700 ATI Technologies COMMON 001941103 2175 156000 SOLE 156000 Access Intgrtd Tch COMMON 004329108 5726 617504 SOLE 617504 Adept Tech COMMON 006854202 4593 615042 SOLE 615042 Advanced Energy COMMON 007973100 484 45000 SOLE 45000 Advanced Micro Devices COMMON 007903107 20790 825000 SOLE 825000 Advisory Board COMMON 00762W107 5220 100300 SOLE 100300 Aehr Test Systems COMMON 00760J108 299 75200 SOLE 75200 Air China COMMON B04KNF1 2816 9100000 SOLE 9100000 Airgas Inc COMMON 009363102 5185 175000 SOLE 175000 Airspan Networks COMMON 00950H102 4155 826000 SOLE 826000 Align Technology COMMON 016255101 4362 649077 SOLE 649077 Allegheny Tech COMMON 01741R102 5130 165600 SOLE 165600 Alliance Data Systems COMMON 018581108 1957 50000 SOLE 50000 Allied Healthcare Intl IncCOMMON 01923A109 11875 2101829 SOLE 2101829 Ampex Corp Class A COMMON 032092306 5325 179057 SOLE 179057 Analex Corporation COMMON 032653107 493 162800 SOLE 162800 Applied Films COMMON 038197109 2520 120000 SOLE 120000 Aptimus Inc COMMON 03833V108 1046 75000 SOLE 75000 Argon St Inc COMMON 040149106 4941 168400 SOLE 168400 Arlington Tankers LTD COMMON G04899103 2343 100000 SOLE 100000 ArtiSoft/Vertl r14 COMMON 04314L205 1367 1023888 SOLE 1023888 Asia Aluminum Holdings LimCOMMON 6110077 1083 10500000 SOLE 10500000 Aspen Technology COMMON 045327103 2306 369000 SOLE 369000 Axsys Technologies COMMON 054615109 1275 65000 SOLE 65000 BEI Technologiees, INC COMMON 05538P104 19028 543800 SOLE 543800 BP PLC COMMON 055622104 4598 64900 SOLE 64900 Baldwin & Lyons Inc COMMON 057755209 3186 127275 SOLE 127275 Bancorp Bank COMMON 05969A105 9148 572094 SOLE 572094 Barrett Business Service COMMON 068463108 1074 47000 SOLE 47000 Benihana Inc COMMON 082047200 8815 491100 SOLE 491100 BindView Developlment COMMON 090327107 1382 395000 SOLE 395000 Biotime Inc COMMON 09066L105 103 240000 SOLE 240000 Bitstream Inc COMMON 091736108 2955 1082250 SOLE 1082250 Blue Coat Systems COMMON 09534T508 5000 115000 SOLE 115000 Bombardier Inc Cl B COMMON 097751200 2962 1200000 SOLE 1200000 Bottomline Technologies COMMON 101388106 4957 328500 SOLE 328500 Brandpartners Group COMMON 10531R107 2072 2800000 SOLE 2800000 Broadcom Corp COMMON 111320107 4222 90000 SOLE 90000 Brooke Corp COMMON 112502109 6768 485187 SOLE 485187 CAE Inc COMMON 124765108 3363 500000 SOLE 500000 CMG Information Services COMMON 125750109 5177 3100000 SOLE 3100000 Cabot Microelectronics CorCOMMON 12709P103 734 25000 SOLE 25000 Calif Micro Devr COMMON 130439102 3887 503442 SOLE 503442 Cambridge Silicon Radio COMMON 3414738 2886 250000 SOLE 250000 Cameco Co COMMON 13321L108 1337 25000 SOLE 25000 Canico Resources COMMON 137580106 4965 290000 SOLE 290000 Capital Senior Corp COMMON 140475104 12949 1550800 SOLE 1550800 Career Education COMMON 141665109 3556 100000 SOLE 100000 Cash Systems Inc COMMON 14756B102 10081 1467450 SOLE 1467450 Cedar Fair COMMON 150185106 3029 101000 SOLE 101000 Centillium Communications COMMON 152319109 565 150000 SOLE 150000 Cerus Corp COMMON 157085101 886 100000 SOLE 100000 ChoicePoint Inc COMMON 170388102 10365 240100 SOLE 240100 Chordiant Software COMMON 170404107 1425 500000 SOLE 500000 Clean Harbors COMMON 184496107 560 16500 SOLE 16500 CoStar Group COMMON 22160n109 6110 130779 SOLE 130779 Coeur D Alene Mines Corp COMMON 192108108 2115 500000 SOLE 500000 Collins and Aikman CorporaCOMMON 194830204 1 15500 SOLE 15500 Comarco Inc. COMMON 200080109 6078 741174 SOLE 741174 Consol Energy Inc COMMON 20854P109 7429 97400 SOLE 97400 Constellation Brands Inc COMMON 21036P108 1040 40000 SOLE 40000 Corporate Executive Board COMMON 21988r102 10190 130675 SOLE 130675 Credence Systems COMMON 225302108 4987 625000 SOLE 625000 Cuisine Solutions COMMON 926604109 8347 1120457 SOLE 1120457 Cybersource Corp COMMON 23251J106 5905 897491 SOLE 897491 Cybex Int'l Inc COMMON 23252E106 2065 567700 SOLE 567700 Cypress Semiconductor COMMON 232806109 5644 375000 SOLE 375000 DPL Inc COMMON 233293109 1390 50000 SOLE 50000 Datalogic International COMMON 23804Q102 427 1675000 SOLE 1675000 Denbury Resource Inc. COMMON 247916208 4535 89900 SOLE 89900 Digirad Corp COMMON 253827109 1513 313500 SOLE 313500 Digital Angel Corp COMMON 253830103 426 136900 SOLE 136900 Diomed Holdings Inc COMMON 25454R207 165 77600 SOLE 77600 Diomed Holdings Inc pref Preferred 25454R207 2000 800000 SOLE 800000 DirecTV Group Inc COMMON 25459L106 3220 214938 SOLE 214938 Dot Hill System Corp COMMON 25848T109 1576 234200 SOLE 234200 Dryships Inc COMMON Y2109Q101 1981 115000 SOLE 115000 Dynatec Corp COMMON 267934107 1359 1000000 SOLE 1000000 EDGAR Online Inc COMMON 279765101 454 190000 SOLE 190000 EFJ Inc COMMON 26843B101 4873 473600 SOLE 473600 EMAK Worldwide Inc COMMON 26861V104 3786 498848 SOLE 498848 EOG Resources COMMON 26875P101 8763 117000 SOLE 117000 Eaton Vance Corp COMMON 278265103 3100 124900 SOLE 124900 Efunds Group COMMON 28224R101 7250 385000 SOLE 385000 Electro Scientific Ind. COMMON 285229100 1342 60000 SOLE 60000 Emcore Corp COMMON 290846104 5523 902500 SOLE 902500 Emdeon COMMON 290849108 6174 557200 SOLE 557200 Emrise Corp COMMON 29246J101 3172 1804850 SOLE 1804850 Encore Medical Corp COMMON 29256E109 470 100000 SOLE 100000 Energy Savings Income FundCOMMON 292717105 14269 866900 SOLE 866900 Energy&Engne Tec Note 29267D108 400 960 SOLE 960 Ensco Intl Inc. COMMON 26874Q100 932 20000 SOLE 20000 Ensign Resource Service GrCOMMON 29357T104 2215 65000 SOLE 65000 Esco Technologies COMMON 296315104 2704 54000 SOLE 54000 Exabyte COMMON 300615101 6 24534 SOLE 24534 Exabyte Corp ser AA Preferred 300615101 247 1000000 SOLE 1000000 Excelligence Learning CorpCOMMON 300684107 3185 480445 SOLE 480445 ExpressJet Holding Inc COMMON 30218U108 3902 435000 SOLE 435000 Extreme Networks COMMON 30226d106 556 125000 SOLE 125000 F5 Networks COMMON 315616102 2608 60000 SOLE 60000 Federal Home Loan Bank TREASU 31339YBK7 475 500000 SOLE 500000 Film Roman COMMON 317234102 6 97200 SOLE 97200 Flow International Corp COMMON 343468104 7115 1016250 SOLE 1016250 Focus Media Holding Ltd COMMON 34415V109 2939 109900 SOLE 109900 Freightcar America COMMON 357023100 6117 150000 SOLE 150000 Full House Resort COMMON 359678109 656 160000 SOLE 160000 GSI Commerce B COMMON 36238G102 792 39800 SOLE 39800 Garden Burger COMMON 365476100 4 582900 SOLE 582900 Garden Burger C prf Preferred 365476100 8 340000 SOLE 340000 Garden Burger D prf Preferred 365476100 4 159960 SOLE 159960 Gehl Co. COMMON 368483103 2787 100000 SOLE 100000 Gemplus International COMMON 36866y102 17856 3228846 SOLE 3228846 Gladstone Capital COMMON 376535100 1469 65155 SOLE 65155 Global Cash Access HoldingCOMMON 378967103 2467 175000 SOLE 175000 Global E-Point Inc COMMON 37940u108 472 100000 SOLE 100000 Golar LNG Ltd COMMON G9456A100 1798 140000 SOLE 140000 Goldcorp Inc COMMON 380956409 1503 75000 SOLE 75000 Golden Meditech COMMON 6430559 3681 20250000 SOLE 20250000 Harvard Biosciences COMMON 416906105 1620 531065 SOLE 531065 Health Fitness Corp COMMON 42217V102 1559 681000 SOLE 681000 Healthsouth Corp COMMON 421924101 7957 1922000 SOLE 1922000 Hear USA COMMON 422360305 2822 1612300 SOLE 1612300 Hercules Tch Grwth COMMON 427096508 4292 336600 SOLE 336600 Hercules Tch Grwth COMMON 427096102 2645 218369 SOLE 218369 Hercules Tch Grwth COMMON 427096409 620 51224 SOLE 51224 Hexcel Corp. COMMON 428291108 914 50000 SOLE 50000 Hollis Eden PharmaceuticalCOMMON 435902101 2556 400000 SOLE 400000 Hollywood Media COMMON 436233100 4460 1056892 SOLE 1056892 Hypercom Corp COMMON 44913M105 3912 600000 SOLE 600000 Image Entrtnmnt COMMON 452439201 506 120650 SOLE 120650 Imageware Sys COMMON 45245S108 3508 1660351 SOLE 1660351 Imergent Inc COMMON 45247Q100 5562 998600 SOLE 998600 Industrial Distribution GrCOMMON 456061100 1054 114300 SOLE 114300 Infocrossing Inc COMMON 45664X109 1244 135317 SOLE 135317 Informatica Corp B COMMON 45666Q102 307 25500 SOLE 25500 Innovative Solution & SuppCOMMON 45769n105 918 59100 SOLE 59100 Inplay Technologies COMMON 45773L103 1393 735845 SOLE 735845 Int'l Business Machines COMMON 459200101 4813 60000 SOLE 60000 Integral Systems Inc COMMON 45810h107 2642 128000 SOLE 128000 Integramed America COMMON 45810n302 4878 406820 SOLE 406820 Integrated Security Sys Note 45812J101 315 1578944 SOLE 1578944 Integrated Silicon SolutioCOMMON 45812P107 548 65250 SOLE 65250 Intel Corp. b COMMON 458140100 5694 231009 SOLE 231009 Intelligroup Inc COMMON 45816A106 2544 1200100 SOLE 1200100 Intellisync Corp COMMON 458176104 1165 262500 SOLE 262500 Intermix Media Inc COMMON 45881X106 669 55900 SOLE 55900 Internap Networks COMMON 45885a102 1714 3571850 SOLE 3571850 Internet Capital Group COMMON 46059C205 22061 2504056 SOLE 2504056 Intervoice Inc COMMON 461142101 1683 186800 SOLE 186800 Intl DisplayWorks Inc COMMON 459412102 3839 646400 SOLE 646400 Ionatron Inc COMMON 462070103 4788 475000 SOLE 475000 Ipayment Inc COMMON 46262E105 4575 120900 SOLE 120900 Isolagen COMMON 46488N103 774 469150 SOLE 469150 Iteris Holdings COMMON 875 1000000 SOLE 1000000 Iteris Holdings Class A COMMON 46564T107 5188 1928740 SOLE 1928740 Ituran Location and ControCOMMON M6158M104 2630 200000 SOLE 200000 John B Sanfilippo and Son COMMON 800422107 6047 345550 SOLE 345550 KVH Industries Inc COMMON 482738101 682 70000 SOLE 70000 Kindred Healthcare Inc COMMON 494580103 1475 49500 SOLE 49500 Knoll Inc. COMMON 498904200 7619 415200 SOLE 415200 Komag COMMON 500453204 1222 38250 SOLE 38250 Kulicke & Soffa COMMON 501242101 942 130000 SOLE 130000 LSI Logic Corp. COMMON 502161102 5417 550000 SOLE 550000 Lecroy COMMON 52324W109 4932 332100 SOLE 332100 Life Sciences Research IncCOMMON 532169109 1176 77800 SOLE 77800 Linktone Ltd COMMON 535925101 1637 149900 SOLE 149900 Lionore Mining Intl COMMON 535913107 1458 300000 SOLE 300000 Lions Gate Entertainment COMMON 535919203 1459 153644 SOLE 153644 Lions Gate Entertainment COMMON 535919203 2087 218744 SOLE 218744 LoJack Corp COMMON 539451104 1308 61850 SOLE 61850 Loudeye Corp COMMON 545754103 3536 4063985 SOLE 4063985 M System Inc COMMON M7061C100 2244 75000 SOLE 75000 MDC Partners Inc COMMON 552697104 16449 2284699 SOLE 2284699 MEMC Electronic Materials COMMON 552715104 10255 450000 SOLE 450000 MSGI Security Solutions COMMON 553570102 1650 361821 SOLE 361821 MTI Technology Corp. COMMON 553903105 556 294200 SOLE 294200 Mad Catz Interactive Inc COMMON 556162105 2344 3447400 SOLE 3447400 Management Network Group COMMON 561693102 1491 575849 SOLE 575849 Marchex Inc COMMON 56624R108 7535 455000 SOLE 455000 Marinemax Inc COMMON 567908108 4739 185900 SOLE 185900 Massey Energy Company COMMON 576206106 2625 51400 SOLE 51400 Material Sciences COMMON 576674105 2562 170000 SOLE 170000 McGrath RentCorp COMMON 580589109 2691 95000 SOLE 95000 Merge Technolgies COMMON 589981109 5231 306100 SOLE 306100 Metretek Tech Inc COMMON 59159Q107 5153 1156351 SOLE 1156351 MicroTune Inc B COMMON 59514P109 245 39250 SOLE 39250 Microislet Inc Do No COMMON 59507Q106 2208 1115384 SOLE 1115384 Micron Technology Inc. COMMON 595112103 6650 500000 SOLE 500000 Microsemi Corp COMMON 595137100 11353 444500 SOLE 444500 Microsoft COMMON 594918104 6432 250000 SOLE 250000 Microtek Medical Holdings COMMON 59515B109 11688 3150417 SOLE 3150417 Modtech Holdings COMMON 60783c100 37491 4060214 SOLE 4060214 Monsanto Comp COMMON 61166W101 6902 110000 SOLE 110000 Monterey Gourmet Foods COMMON 612570101 11756 2931625 SOLE 2931625 Motorola Inc. COMMON 620076109 15855 717750 SOLE 717750 Mpower Holding Cp COMMON 62473L309 1529 1100000 SOLE 1100000 Mullen Group Income Fund COMMON 625281100 1500 65000 SOLE 65000 NWH Inc COMMON 62946E106 2475 172500 SOLE 172500 Napster Inc COMMON 630797108 4211 1067850 SOLE 1067850 National Financial PartnerCOMMON 63607P208 6094 135000 SOLE 135000 Natrol Inc COMMON 638789107 2710 1153013 SOLE 1153013 Nautilus Inc COMMON 63910B102 8656 392200 SOLE 392200 Navarre Corp COMMON 639208107 9639 1664781 SOLE 1664781 Neomagic Cp COMMON 640497202 450 104620 SOLE 104620 Net 1 Ueps Tech Inc COMMON 64107N206 7486 333917 SOLE 333917 NetLogic Microsystems Inc COMMON 64118B100 2699 125000 SOLE 125000 Neustar Inc COMMON 64126X201 6494 203000 SOLE 203000 New Sleepr Gld Cp COMMON 648732105 124 800000 SOLE 800000 Nice Systems Lmtd COMMON 653656108 5422 120000 SOLE 120000 Novatel Wirelss COMMON 66987M604 15965 1103357 SOLE 1103357 Nuance Comm /ScanSoft COMMON 67020Y100 12780 2397700 SOLE 2397700 Nuco2 Inc. COMMON 629428103 739 28700 SOLE 28700 Oakmont Aquisition Corp UtCOMMON 68831P205 1000 160000 SOLE 160000 Occidental Petroleum COMMON 674599105 2136 25000 SOLE 25000 On Track Innovations COMMON M8791A109 2814 219300 SOLE 219300 OnSite Energy COMMON 68284P108 15 1540973 SOLE 1540973 OnSite Energy Corp. Preferred 68284P108 45 2250000 SOLE 2250000 One Travel Holdings COMMON 68275A201 2077 388098 SOLE 388098 Online Resources COMMON 68273G101 5720 540608 SOLE 540608 Open Solutions Inc COMMON 68371P102 2727 125000 SOLE 125000 Opentv Corp COMMON G67543101 7705 2684669 SOLE 2684669 Opinion Research Corp COMMON 683755102 5141 776552 SOLE 776552 Optibase Ltd COMMON M7524R108 1007 200600 SOLE 200600 Option Care COMMON 683948103 2470 168750 SOLE 168750 PC-Tel Inc COMMON 69325Q105 13774 1465359 SOLE 1465359 PLX Technology COMMON 693417107 1926 230950 SOLE 230950 PPL Corp COMMON 69351T106 4526 140000 SOLE 140000 Paincare Holdings COMMON 69562E104 8253 2200900 SOLE 2200900 Pall Corp. COMMON 696429307 1798 65400 SOLE 65400 Patron Systems COMMON 70337V108 286 2040000 SOLE 2040000 Paychex, Inc. COMMON 704326107 6860 185000 SOLE 185000 Penn Virginia Resource ParCOMMON 707884102 914 17100 SOLE 17100 Per-Se Technologies Inc COMMON 713569309 1128 54600 SOLE 54600 Perficient Inc COMMON 71375U101 662 80000 SOLE 80000 Perma-Fix Envirn Serv COMMON 714157104 1249 583333 SOLE 583333 Petro Helicopter COMMON 716604202 713 23000 SOLE 23000 Phoenix Technology COMMON 719153108 3276 435000 SOLE 435000 Photon Dynamics COMMON 719364101 383 20000 SOLE 20000 Photronics Inc. COMMON 719405102 970 50000 SOLE 50000 Pixar COMMON 725811103 890 20000 SOLE 20000 Playboy Enterprise Inc HoCOMMON 728117300 6375 452150 SOLE 452150 Poore Brothers Inc COMMON 732813100 4798 880344 SOLE 880344 Pope & Talbot COMMON 732827100 4753 465500 SOLE 465500 Portal Player Inc COMMON 736187204 3429 125000 SOLE 125000 Pre-Paid Legal Services InCOMMON 740065107 3715 96000 SOLE 96000 Presstek Inc COMMON 741113104 1702 131100 SOLE 131100 Private Business COMMON 74267D203 1323 972966 SOLE 972966 Provide Commerce COMMON 74373W103 8462 348673 SOLE 348673 Q Comm International Inc COMMON 74727M306 471 151600 SOLE 151600 QualComm COMMON 747525103 2148 48000 SOLE 48000 Quantum Fuel Systems Tech COMMON 74765E109 2141 522200 SOLE 522200 RTI International Metals ICOMMON 74973W107 6689 170000 SOLE 170000 Rackable Systems COMMON 750077109 1974 150000 SOLE 150000 Radisys Corp. COMMON 750459109 6334 326500 SOLE 326500 Radware LTD COMMON M81873107 571 30000 SOLE 30000 Range Resources Corp COMMON 75281A109 5019 130000 SOLE 130000 Recom Managed Sys COMMON 75623Q200 8146 2562200 SOLE 2562200 Red Hat Inc COMMON 756577102 3496 165000 SOLE 165000 Regal Beloit COMMON 758750103 899 27700 SOLE 27700 Rentech Inc r COMMON 760112102 150 65853 SOLE 65853 Res-Care Inc COMMON 760943100 7941 516004 SOLE 516004 Rush Enterprises COMMON 781846209 7397 484100 SOLE 484100 SVB Financial Group COMMON 78486Q101 8043 165361 SOLE 165361 Safeguard Scientifics Inc.COMMON 786449108 4797 2773000 SOLE 2773000 Seagate Technology HoldingCOMMON G7945J104 5151 325000 SOLE 325000 Semtech COMMON 816850101 1647 100000 SOLE 100000 ShawCor Ltd COMMON 820904209 965 65000 SOLE 65000 Shells Seafood Rest COMMON 822809109 2640 2666680 SOLE 2666680 Silicon Image Inc COMMON 82705T102 2694 303000 SOLE 303000 Silicon Storage Tech COMMON 827057100 2851 530000 SOLE 530000 Sirenza Microdevices COMMON 82966T106 1820 560000 SOLE 560000 Socket Communications COMMON 833672108 142 114500 SOLE 114500 Sohu.com Inc COMMON 83408W103 2227 130000 SOLE 130000 Sonex Com Rest. r1 COMMON 835448101 8 302693 SOLE 302693 Sonex Pfd St Preferred 835448101 54 253750 SOLE 253750 Sonic Solutions COMMON 835460106 4192 195000 SOLE 195000 Sonus Networks COMMON 835916107 1160 200000 SOLE 200000 Southwestern Energy Comp COMMON 845467109 1527 20800 SOLE 20800 Standard Microsystem Corp COMMON 853626109 6114 204400 SOLE 204400 Star Scientific COMMON 85517P101 403 120000 SOLE 120000 Stats Chippac COMMON 85771T104 1884 300000 SOLE 300000 Stonepath Group COMMON 861837102 3117 3086300 SOLE 3086300 Stratasys b COMMON 862685104 5346 180000 SOLE 180000 Sum Total Sys COMMON 866615107 1704 349934 SOLE 349934 Syniverse Holdings COMMON 87163F106 9297 603700 SOLE 603700 TNS Inc COMMON 872960109 20586 848900 SOLE 848900 TNT NV COMMON 87260W101 1004 40000 SOLE 40000 Taiwan Semiconductors COMMON 874039100 760 92496 SOLE 92496 Talisman Energy COMMON 87425E103 2811 57550 SOLE 57550 Tasker Capital Corp COMMON 87652D109 3120 1300000 SOLE 1300000 Technology Investment CapiCOMMON 878717305 16520 1046225 SOLE 1046225 Tekelec COMMON 879101103 10684 510000 SOLE 510000 Teradyne COMMON 880770102 330 20000 SOLE 20000 Texas Instruments Inc COMMON 882508104 5085 150000 SOLE 150000 The Sands Regent COMMON 800091100 936 100000 SOLE 100000 Thermogenesis Corp COMMON 883623209 21650 4084832 SOLE 4084832 Tidel Tech COMMON 886368109 478 1541461 SOLE 1541461 Tiffany COMMON 886547108 5965 150000 SOLE 150000 Titan International COMMON 88830M102 1648 120000 SOLE 120000 Titanium Corp COMMON 88833T104 3932 2012500 SOLE 2012500 Trican Well Service COMMON 895945103 910 25000 SOLE 25000 Trident Microsystems COMMON 895919108 7157 225000 SOLE 225000 Tut Systems COMMON 901103101 467 145000 SOLE 145000 UCN Inc. COMMON 902636109 986 562000 SOLE 562000 US Concrete COMMON 90333L102 237 30700 SOLE 30700 Ultratech Inc COMMON 904034105 13066 838100 SOLE 838100 United Online Inc COMMON 911268100 4605 332500 SOLE 332500 Validian Corp COMMON 91915P107 1061 2372256 SOLE 2372256 Vaxgen Inc COMMON 922390208 6123 422300 SOLE 422300 VendingData Corp COMMON 92261Q202 415 184500 SOLE 184500 Ventiv Health Inc COMMON 922793104 1414 53950 SOLE 53950 Verity COMMON 92343C106 3717 350000 SOLE 350000 VerticalNet COMMON 92532L206 120 200000 SOLE 200000 Vestas Wind Systems COMMON 5964651 2395 100000 SOLE 100000 Viewpoint Corp COMMON 92672P108 752 522000 SOLE 522000 Virage Logic Corp COMMON 92763R104 7860 1014140 SOLE 1014140 Vista Print COMMON G93762204 1525 100000 SOLE 100000 Vitesse COMMON 928497106 888 472500 SOLE 472500 WGI Heavy Minerals COMMON 929267102 757 957000 SOLE 957000 Warderly Intl Holdings COMMON 6572224 592 6467500 SOLE 6467500 WebEx Inc COMMON 94767L109 1961 80000 SOLE 80000 Williams Cos. COMMON 969457100 3757 150000 SOLE 150000 World Health Alternatives COMMON 98147T104 638 4113000 SOLE 4113000 Xenoics Holdings COMMON 984117101 887 341000 SOLE 341000 Xilinx COMMON 983919101 2785 100000 SOLE 100000 Xinao Gas COMMON KYG9826J10 102 130000 SOLE 130000 Yamana Gold COMMON 98462Y100 2160 500000 SOLE 500000 ZI Corp COMMON 988918108 1296 450000 SOLE 450000 Zindart LTD ADR's COMMON 989597109 5935 1899020 SOLE 1899020 Zoltek Cos COMMON 98975W104 8307 631700 SOLE 631700 Zoran COMMON 98975F101 3432 240000 SOLE 240000 Zygo Corp COMMON 989855101 13564 885400 SOLE 885400
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