13F-HR/A 1 q20613fa.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: June 30, 2006 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_ August 10, 2006 [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: _____331___ Form 13F Information Table Value Total: _1,932,776_ 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 Access Intgrtd Tch COMMON 004329108 13054 1377420 SOLE 1377420 Actions Semiconductor COMMON 00507E107 1422 135400 SOLE 135400 Adept Tech COMMON 006854202 11574 815042 SOLE 815042 Advanced Micro Devices COMMON 007903107 448 18350 SOLE 18350 Advisory Board COMMON 00762W107 5386 112000 SOLE 112000 African Copper COMMON G0127A108 1104 850000 SOLE 850000 Air China COMMON B04KNF1 4070 9726000 SOLE 9726000 Airgas Inc COMMON 009363102 3725 100000 SOLE 100000 Airspan Networks COMMON 00950H102 268 110900 SOLE 110900 Akorn Inc COMMON 009728106 2229 560000 SOLE 560000 Aleris Intl Inc COMMON 014477103 3439 75000 SOLE 75000 Alliance Data Systems COMMON 018581108 20881 355000 SOLE 355000 Allied Healthcare Intl IncCOMMON 01923A109 4132 1541949 SOLE 1541949 Allion Healthcare Inc COMMON 019615103 1999 230000 SOLE 230000 Altera Corp. COMMON 021441100 2545 145000 SOLE 145000 American Medical Systems HCOMMON 02744M108 999 60000 SOLE 60000 Ameriprise Financial COMMON 03076C106 6727 150600 SOLE 150600 Amerisafe Inc COMMON 03071H100 7379 593147 SOLE 593147 Ampex Corp COMMON 032092306 3514 301392 SOLE 301392 Anadigics COMMON 032515108 6720 1000000 SOLE 1000000 Analex Corporation COMMON 032653107 439 183000 SOLE 183000 Apple Computer Inc. COMMON 037833100 12886 225000 SOLE 225000 Applied Films COMMON 038197109 2849 100000 SOLE 100000 Applied Materials COMMON 038222105 6055 371950 SOLE 371950 Audiocodes COMMON M15342104 218 20000 SOLE 20000 Aventine Renewable Enrgy HCOMMON 05356X403 3501 90000 SOLE 90000 Aventine Renewable Enrgy HCOMMON 05356X304 5066 149000 SOLE 149000 Aventine Renewable Enrgy HCOMMON 05356X205 11934 351000 SOLE 351000 Baldwin & Lyons Inc COMMON 057755209 2937 115188 SOLE 115188 Bancorp Bank COMMON 05969A105 9022 360735 SOLE 360735 Basic Energy Services COMMON 06985P100 932 30500 SOLE 30500 Benihana Inc COMMON 082047200 14202 523300 SOLE 523300 Best Buy Co. COMMON 086516101 3569 65075 SOLE 65075 BioLase Tech Inc COMMON 090911108 916 109000 SOLE 109000 Birch Mountain Resorts COMMON 09066X109 1519 305000 SOLE 305000 Bitstream Inc COMMON 091736108 1164 247600 SOLE 247600 Bombardier Inc Cl B SV ShaCOMMON 097751200 5573 2000000 SOLE 2000000 Bookham Technology Plc COMMON 09856E105 270 80500 SOLE 80500 Boyd Gaming COMMON 103304101 2018 50000 SOLE 50000 Brandpartners Group COMMON 10531R107 579 2894000 SOLE 2894000 Bravo Fd Intl/China Prem FCOMMON 105666101 1098 2000000 SOLE 2000000 Brooke Corp COMMON 112502109 9664 805302 SOLE 805302 Brooks Automation COMMON 114340102 1180 100000 SOLE 100000 Business Objects COMMON 12328X107 680 25000 SOLE 25000 CAE Inc COMMON 124765108 4189 550000 SOLE 550000 CDC Corp COMMON G2022L106 440 100000 SOLE 100000 Calif Micro Devices COMMON 130439102 1613 403140 SOLE 403140 Cameco Co b COMMON 13321L108 2138 53500 SOLE 53500 Capital Senior Corp COMMON 140475104 4072 396100 SOLE 396100 Caremark Rx Inc COMMON 141705103 3491 70000 SOLE 70000 Cash Systems Inc COMMON 14756B102 10479 1437508 SOLE 1437508 Cerus Corp COMMON 157085101 1426 200000 SOLE 200000 Chartered Semiconductor COMMON 16133R106 2131 245000 SOLE 245000 China Natural Gas COMMON 168910107 989 357143 SOLE 357143 Chordiant Software COMMON 170404107 3475 1146900 SOLE 1146900 Chyron Corp COMMON 171605207 20 20000 SOLE 20000 Ciena Corp COMMON 171779101 4329 900000 SOLE 900000 CoStar Group COMMON 22160n109 4526 75654 SOLE 75654 Cobra Electronics COMMON 191042100 2452 260000 SOLE 260000 Coeur D Alene Mines Corp COMMON 192108108 5305 1102900 SOLE 1102900 Comarco Inc. COMMON 200080109 7429 743674 SOLE 743674 Combmatrix Corp COMMON 003881208 2279 1381400 SOLE 1381400 Commercial Metals Co COMMON 201723103 2570 100000 SOLE 100000 Comtech Grp Inc COMMON 205821200 223 20000 SOLE 20000 Concur Technologies COMMON 206708109 2949 190640 SOLE 190640 Consol Energy Inc COMMON 20854P109 14287 305800 SOLE 305800 Core Laboratories COMMON N22717107 1831 30000 SOLE 30000 Corgi Intl LTD ADR Note 21872Q103 2950 1500000 SOLE 1500000 Corgi Intl LTD COMMON 21872Q103 3980 2024020 SOLE 2024020 Corporate Executive Board COMMON 21988r102 9096 90775 SOLE 90775 Covanta Holdings COMMON 22282E102 10719 607300 SOLE 607300 Cuisine Solutions COMMON 229904107 6409 1269027 SOLE 1269027 Cybersource Corp COMMON 23251J106 2109 180285 SOLE 180285 Cybex Int'l Inc COMMON 23252E106 4061 655800 SOLE 655800 Cypress Semiconductor b COMMON 232806109 5092 350200 SOLE 350200 Daktronics Inc. COMMON 234264109 1732 60000 SOLE 60000 Datalogic International COMMON 23804Q102 633 4474000 SOLE 4474000 Datatrak Intl COMMON 238134100 899 125000 SOLE 125000 Deli Solar r S COMMON 24688L102 875 250000 SOLE 250000 Denbury Resource Inc. COMMON 247916208 8823 278600 SOLE 278600 Diomed Holdings Inc COMMON 25454R207 799 800000 SOLE 800000 Dover Saddlery Inc COMMON 260412101 3144 368683 SOLE 368683 Dreamworks Animation SKG ICOMMON 26153C103 2290 100000 SOLE 100000 Dynatec Corp COMMON 267934107 907 750200 SOLE 750200 EFJ Inc COMMON 26843B101 3606 600000 SOLE 600000 EMAK Worldwide Inc COMMON 26861V104 2672 552163 SOLE 552163 EMC Corp. COMMON 268648102 2194 200000 SOLE 200000 Echelon Corp COMMON 27874N105 861 115000 SOLE 115000 El Paso Energy Corp COMMON 28336L109 810 54000 SOLE 54000 Emcore Corp COMMON 290846104 3690 384350 SOLE 384350 Emdeon COMMON 290849108 1861 150000 SOLE 150000 Emrise Corp COMMON 29246J101 1654 1741400 SOLE 1741400 Encore Medical Corp COMMON 29256E109 197 40900 SOLE 40900 Energen Corp COMMON 29265N108 3265 85000 SOLE 85000 Energy Savings Income FundCOMMON 292717105 14349 865668 SOLE 865668 Energy&Engne Tec Note 29267D108 120000 12000 SOLE 12000 Energy&Engne Tec COMMON 29267D108 120000 12000 SOLE 12000 Energy&Engne Tec COMMON 29267D108 132000 13200 SOLE 13200 Energy&Engne Tec COMMON 29267D108 268000 26800 SOLE 26800 Exabyte Corp COMMON 300615200 33 499996.8 SOLE 499996.8 Exabyte Corp ser AA Preferred 300615200 67 1800 SOLE 1800 Excelligence Learning CorpCOMMON 300684107 4345 546575 SOLE 546575 F5 Networks COMMON 315616102 2674 50000 SOLE 50000 Federal Home Loan Bank TREASU 31339YBK7 452 500000 SOLE 500000 Fiberstars Inc COMMON 315662106 1413 180000 SOLE 180000 Five Star Quality Care COMMON 33832d106 10619 959300 SOLE 959300 Flow Intl Corp COMMON 343468104 5286 375698 SOLE 375698 Force Protection COMMON 345203202 10240 1600000 SOLE 1600000 Foxhollow Technologies COMMON 35166A103 820 30000 SOLE 30000 GATX Corp. COMMON 361448103 2125 50000 SOLE 50000 Garden Burger COMMON 365476100 0 456250 SOLE 456250 Gemplus International adr COMMON 36866y102 10761 2319276 SOLE 2319276 General Electric COMMON 369604103 4944 150000 SOLE 150000 Genius Prod Inc. COMMON 37229R206 845 500000 SOLE 500000 Genomic Health Inc COMMON 37244C101 588 50000 SOLE 50000 Geo Group COMMON 36159R103 3154 90000 SOLE 90000 Gigabeam Cp B COMMON 37517W107 1201 7619.9 SOLE 7619.9 Global E-Point Inc COMMON 37940u108 568 284113 SOLE 284113 Golar LNG Ltd COMMON G9456A100 1333 100000 SOLE 100000 Goldcorp Inc COMMON 380956409 8652 286300 SOLE 286300 Golden Meditech COMMON 6430559 4661 15737000 SOLE 15737000 Goldleaf Fin Sol/Private BCOMMON 38144H109 1767 970900 SOLE 970900 Harbin Electric Inc COMMON 41145W109 1397 127000 SOLE 127000 Harvard Biosciences COMMON 416906105 445 100000 SOLE 100000 Health Fitness Corp COMMON 42217V102 2201 1282800 SOLE 1282800 Healthsouth Corp COMMON 421924101 40 10000 SOLE 10000 Hear USA COMMON 422360305 1313 1034150 SOLE 1034150 Hercules Tch Grwth COMMON 427096508 4929 407371 SOLE 407371 Hercules Tch Grwth COMMON 427096102 2510 218369 SOLE 218369 Hercules Tch Grwth COMMON 427096409 589 51224 SOLE 51224 Hexcel Corp. COMMON 428291108 4320 275000 SOLE 275000 High River Gold Mines Ltd COMMON 42979J107 454 220500 SOLE 220500 Hollis Eden Pharm COMMON 435902101 5885 1228600 SOLE 1228600 Hollywood Media COMMON 436233100 7663 2005970 SOLE 2005970 HudBay Minerals COMMON 443628102 4453 350000 SOLE 350000 Hypercom Corp COMMON 44913M105 3740 400000 SOLE 400000 Imageware Sys COMMON 45245S108 3183 1660351 SOLE 1660351 Imergent Inc COMMON 45247Q100 15565 1197300 SOLE 1197300 Imperial Oil COMMON 453038408 2191 60000 SOLE 60000 In Focus Systems COMMON 45665B106 300 105000 SOLE 105000 In Ventiv Health Inc B COMMON 46122E105 786 27300 SOLE 27300 Industrl Entrprss Amrca COMMON 456132208 510 65000 SOLE 65000 Infnty Bio-Enrgy Ltd COMMON BMG4770S10 2887 550000 SOLE 550000 Innovative Solution & SuppCOMMON 45769n105 831 59100 SOLE 59100 Inplay Tech Inc COMMON 45773L103 2802 1087500 SOLE 1087500 Input Output COMMON 457652105 1701 180000 SOLE 180000 Int'l Paper COMMON 460146103 2422 75000 SOLE 75000 Int'l Rectifier COMMON 460254105 7347 188000 SOLE 188000 Integral Systems Inc COMMON 45810h107 2597 96800 SOLE 96800 Integramed America COMMON 45810n302 5930 595945 SOLE 595945 Integrated Device TechnoloCOMMON 458118106 1772 125000 SOLE 125000 Integrated Security Sys Note 45810n302 316 1578944 SOLE 1578944 Intel Corp. COMMON 458140100 370 19509 SOLE 19509 Intelli-Check Inc COMMON 45817G102 1661 306000 SOLE 306000 Intelligroup Inc COMMON 45816A106 2124 1200100 SOLE 1200100 Intermap Technologies COMMON 458977204 544 110000 SOLE 110000 Internet Capital Group COMMON 46059C205 7236 804000 SOLE 804000 Internet Gold-Golden LinesCOMMON M56595107 283 53245 SOLE 53245 Intersil Corporation COMMON 46069s109 1744 75000 SOLE 75000 Intl DisplayWorks Inc COMMON 459412102 8886 1708800 SOLE 1708800 Iomai Corp COMMON 46202P103 1655 399642 SOLE 399642 Ionatron Inc COMMON 462070103 1270 200000 SOLE 200000 Isolagen COMMON 46488N103 337 85200 SOLE 85200 Iteris Holdings COMMON 46564T107 875 3610000 SOLE 3610000 Iteris Holdings Class A COMMON 46564T107 5645 2372040 SOLE 2372040 Ixia COMMON 45071R109 2340 260000 SOLE 260000 Koninklijke Ahold COMMON 500467303 1297 150000 SOLE 150000 Kopin Corp COMMON 500600101 451 125000 SOLE 125000 Kulicke & Soffa COMMON 501242101 141 19000 SOLE 19000 LKQ Corp COMMON 501889208 2643 139100 SOLE 139100 LML Payment Systems COMMON 50208P109 1909 374970 SOLE 374970 Lecroy COMMON 52324W109 1943 135400 SOLE 135400 Liberty Media Cp Cl A COMMON 530555101 488 22703 SOLE 22703 Lionore Mining Intl COMMON 535913107 1086 200000 SOLE 200000 Lions Gate Entnmnt COMMON 535919203 3868 452390 SOLE 452390 Liquidity Services COMMON 53635B107 3114 200000 SOLE 200000 MDC Partners Inc COMMON 552697104 18944 2312899 SOLE 2312899 MEMC Electronic Materials COMMON 552715104 13125 350000 SOLE 350000 MKS Instruments COMMON 55306N104 2817 140000 SOLE 140000 MSGI Security Solutions COMMON 553570102 993 384821 SOLE 384821 MTI Technology Corp. COMMON 553903105 268 225000 SOLE 225000 Mad Catz Interactive Inc COMMON 556162105 1510 3682400 SOLE 3682400 Marchex Inc COMMON 56624R108 5750 350000 SOLE 350000 Martek Biosciences COMMON 572901106 289 10000 SOLE 10000 MathStar Inc COMMON 576801203 579 108604 SOLE 108604 MathStar Inc COMMON 576801203 1268 238012 SOLE 238012 Maxim Integrated Products COMMON 57772K101 1284 40000 SOLE 40000 Maxwell Labs COMMON 577767106 3926 200000 SOLE 200000 Mentor Graphics COMMON 587200106 9735 750000 SOLE 750000 Mercury Interactive COMMON 589405109 5595 160000 SOLE 160000 Merix Corp COMMON 590049102 439 40000 SOLE 40000 Metretek Tech Inc COMMON 59159Q107 22105 1340539 SOLE 1340539 MicroTune Inc COMMON 59514P109 469 75000 SOLE 75000 Microislet Inc COMMON 59507Q106 1529 955484 SOLE 955484 Micron Technology Inc. COMMON 595112103 7530 500000 SOLE 500000 Microsemi Corp COMMON 595137100 4212 172750 SOLE 172750 Microtek Medical Holdings COMMON 59515B109 4701 1230538 SOLE 1230538 Modtech Holdings COMMON 60783c100 26941 4110214 SOLE 4110214 Monterey Gourmet Foods COMMON 612570101 17415 2956625 SOLE 2956625 Moody's Corp COMMON 615369105 7352 135000 SOLE 135000 Motorola Inc. COMMON 620076109 3841 190600 SOLE 190600 Mpower Holding Cp COMMON 62473L309 2057 1100000 SOLE 1100000 Mullen Group Income Fund COMMON 625281100 1683 65000 SOLE 65000 NTL Inc COMMON 62941W101 996 40000 SOLE 40000 NWH Inc COMMON 62946E106 3243 179800 SOLE 179800 Nasdaq Stock Market COMMON 631103108 7774 260000 SOLE 260000 Navarre Corp COMMON 639208107 14660 2943902 SOLE 2943902 Neomagic Cp COMMON 640497202 1548 491350 SOLE 491350 Net 1 Ueps Tech Inc COMMON 64107N206 9028 330092 SOLE 330092 NetLogic Microsystems Inc COMMON 64118B100 4999 155000 SOLE 155000 Neustar Inc COMMON 64126X201 26176 775600 SOLE 775600 Nexen Inc COMMON 65334H102 848 15000 SOLE 15000 Nice Systems Lmtd ADR COMMON 653656108 6472 230000 SOLE 230000 Nintendo COMMON 6639550 5033 30000 SOLE 30000 Novatel Wirelss COMMON 66987M604 4204 405000 SOLE 405000 Novell Inc. COMMON 670006105 3978 600000 SOLE 600000 Nuance Comm COMMON 67020Y100 19653 1953600 SOLE 1953600 O'Charleys Inc. COMMON 670823103 1700 100000 SOLE 100000 ON Semiconductor COMMON 682189105 2940 500000 SOLE 500000 Oakmont Aquisition Corp UtCOMMON 68831P205 1016 160000 SOLE 160000 Occidental Petroleum COMMON 674599105 6512 63500 SOLE 63500 Omnivision Technologies COMMON 682128103 2534 120000 SOLE 120000 On Track Innovations COMMON M8791A109 3837 328750 SOLE 328750 OnSite Energy COMMON 68284P108 24 1540973 SOLE 1540973 OnSite Energy Corp. ser E Preferred 68284P108 45 2250000 SOLE 2250000 Oneok Inc COMMON 682680103 2213 65000 SOLE 65000 Onetravel Holdings COMMON 68275A201 27 299998 SOLE 299998 Onetravel Holdings Note 68275A201 20 196076 SOLE 196076 Onex Corp COMMON 68272K103 1994 100000 SOLE 100000 Online Resources COMMON 68273G101 676 65339 SOLE 65339 Opentv Corp COMMON G67543101 7740 2005069 SOLE 2005069 Openwave Systems COMMON 683718308 1962 170000 SOLE 170000 Opinion Research Corp COMMON 683755102 4620 776552 SOLE 776552 Option Care COMMON 683948103 624 52100 SOLE 52100 Oracle Systems COMMON 68389X105 2898 200000 SOLE 200000 Orpak System Ltd COMMON IL00109487 2679 1000000 SOLE 1000000 PC-Tel Inc COMMON 69325Q105 9141 1070386 SOLE 1070386 PHI Inc COMMON 69336T205 4980 150000 SOLE 150000 PLX Technology COMMON 693417107 9297 760800 SOLE 760800 PW Eagle COMMON 69366Y108 2419 80000 SOLE 80000 Paincare Holdings COMMON 69562E104 5364 2676600 SOLE 2676600 Pall Corp. COMMON 696429307 1831 65400 SOLE 65400 Par Technology CorporationCOMMON 698884103 2456 192300 SOLE 192300 Patron Systems COMMON 70337V108 61 1971000 SOLE 1971000 Pemstar COMMON 706552106 681 198600 SOLE 198600 Penn Virginia COMMON 707882106 2096 30000 SOLE 30000 Penn Virginia Resource ParCOMMON 707884102 919 34200 SOLE 34200 Pericom Semiconductor COMMON 713831105 2655 319900 SOLE 319900 Perma-Fix Envirn Serv COMMON 714157104 2551 1197555 SOLE 1197555 Pfizer, Inc. COMMON 717081103 1878 80000 SOLE 80000 Photronics Inc. COMMON 719405102 2146 145000 SOLE 145000 Pope & Talbot COMMON 732827100 7073 1135300 SOLE 1135300 Powerwave Technologies COMMON 739363109 1824 200000 SOLE 200000 Presstek Inc COMMON 741113104 3258 350000 SOLE 350000 PureDepth Inc COMMON 74622H105 3092 2290210 SOLE 2290210 Q Comm International Inc COMMON 74727M306 222 149200 SOLE 149200 Quantum Fuel Sys Tech COMMON 74765E109 2446 806269 SOLE 806269 Quilmes Ind ADR - Quinsa COMMON 74838Y207 2456 50000 SOLE 50000 RELM Wireless COMMON 759525108 311 50000 SOLE 50000 Rackable Systems COMMON 750077109 7898 200000 SOLE 200000 Range Resources Corp COMMON 75281A109 5438 200000 SOLE 200000 Redwood Trust COMMON 758075402 7813 160000 SOLE 160000 Regal Entertainment COMMON 758766109 1626 80000 SOLE 80000 Renewable Energy Corp COMMON 0001011267 6077 425000 SOLE 425000 Rosetta Resources Inc COMMON 777779109 1080 65000 SOLE 65000 Safeguard Scientifics Inc.COMMON 786449108 10379 4805100 SOLE 4805100 Safeway Inc. COMMON 786514208 18928 728000 SOLE 728000 Sands Regent COMMON 800091100 3412 235300 SOLE 235300 Sandvine Corp COMMON B10RWF6 1424 700000 SOLE 700000 Schlumberger Ltd COMMON 806857108 3125 48000 SOLE 48000 Seracare Life Sciences COMMON 81747Q100 2502 500465 SOLE 500465 ShawCor Ltd COMMON 820904209 966 65000 SOLE 65000 Shells Seafood Rest B COMMON 822809109 2040 2666680 SOLE 2666680 Signalife Inc COMMON 82669P104 7829 2747700 SOLE 2747700 Silicon Image Inc COMMON 82705T102 21922 2033600 SOLE 2033600 Silicon Motion COMMON 82706C108 717 50000 SOLE 50000 Silver Wheaton Corp COMMON 828336107 4474 475000 SOLE 475000 Sinovac Biotech COMMON P8696W104 1541 670000 SOLE 670000 Sirenza Microdevices COMMON 82966T106 5463 450000 SOLE 450000 Smurfit Stone Container CoCOMMON 832727101 4376 400000 SOLE 400000 Socket Communications COMMON 833672108 257 210900 SOLE 210900 Solomon Technologies COMMON 83426W101 50 100000 SOLE 100000 Sonex Com Rest. COMMON 835448101 33 302693 SOLE 302693 Sonex Pfd Stk Preferred 835448101 54 725000 SOLE 725000 Standard Microsystem Corp COMMON 853626109 4025 184400 SOLE 184400 Star Scientific COMMON 85517P101 240 93000 SOLE 93000 Stats Chippac COMMON 85771T104 3218 514000 SOLE 514000 StealthGas Inc COMMON Y81669106 2069 148300 SOLE 148300 Steelcloud COMMON 85815M107 61 76700 SOLE 76700 Stonepath Group COMMON 861837102 1249 3904400 SOLE 3904400 Stratasys COMMON 862685104 2357 80000 SOLE 80000 Sun Healthcare Group COMMON 866933401 2607 300000 SOLE 300000 Sunair Services Corp COMMON 867017105 723 190476 SOLE 190476 Supertex COMMON 868532102 9186 230000 SOLE 230000 Syntax-Brillian Corp COMMON 87163L103 144 60000 SOLE 60000 Syntax-Brillian Cp COMMON 87163L103 720 300000 SOLE 300000 TNS Inc COMMON 872960109 11495 555600 SOLE 555600 TVIA Inc COMMON 87307P101 2232 620000 SOLE 620000 Talisman Energy COMMON 87425E103 2360 135000 SOLE 135000 Tasker Capital Corp COMMON 87652D109 539 1100000 SOLE 1100000 Technology Investment CapiCOMMON 878717305 10198 696143 SOLE 696143 Teradyne COMMON 880770102 348 25000 SOLE 25000 Tessera Technologies COMMON 88164L100 1512 55000 SOLE 55000 The Inventure Grp / Poore COMMON 732813100 3888 1350098 SOLE 1350098 Thermogenesis Corp COMMON 883623209 20771 5041538 SOLE 5041538 Tidel Tech COMMON 886368109 31 100000 SOLE 100000 Titanium Corp COMMON 88833T104 4543 2346500 SOLE 2346500 Transocean Inc COMMON G90078109 5221 65000 SOLE 65000 Trident Microsystems COMMON 895919108 5504 290000 SOLE 290000 UAL Corp COMMON 902549807 2940 94764 SOLE 94764 UCBH Holding Inc COMMON 90262T308 12575 760300 SOLE 760300 US Gold Corp COMMON 912023207 465 55000 SOLE 55000 Ultra Clean Holdings COMMON 90385V107 761 87000 SOLE 87000 Ultratech Inc COMMON 904034105 15762 1001400 SOLE 1001400 United Healthcare Corp. COMMON 91324P102 11643 260000 SOLE 260000 Validian Corp COMMON 91915P107 179 1347256 SOLE 1347256 Vasco Data Security COMMON 92230Y104 1044 125000 SOLE 125000 Vaxgen Inc COMMON 922390208 5897 1208500 SOLE 1208500 VendingData Corp COMMON 92261Q202 369 184500 SOLE 184500 Vertical Communications COMMON 04314l106 85 123500 SOLE 123500 Vestas Wind Systems COMMON 5964651 2325 85000 SOLE 85000 Viewpoint Corp COMMON 92672P108 2187 1250000 SOLE 1250000 Virage Logic Corp COMMON 92763R104 9640 1026640 SOLE 1026640 WGI Heavy Minerals COMMON 929267102 772 957000 SOLE 957000 Wabtech COMMON 929740108 3740 100000 SOLE 100000 Wave Systems COMMON 943526103 419 625000 SOLE 625000 Williams Cos. COMMON 969457100 3738 160000 SOLE 160000 Xenoics Holdings COMMON 984117101 716 341000 SOLE 341000 Xilinx COMMON 983919101 2265 100000 SOLE 100000 Zoltek Cos COMMON 98975W104 1755 58727 SOLE 58727 Zygo Corp COMMON 989855101 8904 543260 SOLE 543260
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