The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
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COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
3M Company COM 88579y101 294 1,765 SH   SOLE   1,765 0 0
AFLAC, Inc. COM 001055102 246 3,895 SH   SOLE   3,895 0 0
AT&T Inc. COM 00206r102 4,032 102,947 SH   SOLE   102,947 0 0
Abbvie Inc COM 00287y109 4,410 77,201 SH   SOLE   77,201 0 0
American Express Co. COM 025816109 7,587 123,564 SH   SOLE   113,264 0 10,300
Amper SA madrid ORD F COM e04600198 2 155,304 SH   SOLE   155,304 0 0
Apple Computer COM 037833100 2,358 21,638 SH   SOLE   20,188 0 1,450
BB&T Corporation COM 054937107 10,154 305,197 SH   SOLE   291,197 0 14,000
Berkshire Hathaway - Class B COM 084670702 270 1,902 SH   SOLE   1,902 0 0
Boeing Corp. COM 097023105 215 1,694 SH   SOLE   1,694 0 0
CVS Health Corp. COM 126650100 10,743 103,567 SH   SOLE   95,767 0 7,800
California Resources Corp. COM 13057Q107 16 15,745 SH   SOLE   14,631 0 1,114
Capital One Financial Corp. COM 14040h105 11,651 168,101 SH   SOLE   155,301 0 12,800
Caterpillar Inc. COM 149123101 9,739 127,242 SH   SOLE   116,942 0 10,300
Chevron Corp. COM 166764100 13,883 145,525 SH   SOLE   138,175 0 7,350
Chubb Corp. (ACE) COM H1467J104 5,221 43,817 SH   SOLE   40,817 0 3,000
Cinedigm Corp COM 172406100 26 123,653 SH   SOLE   123,653 0 0
Cisco Systems Inc COM 17275R102 17,024 597,975 SH   SOLE   562,975 0 35,000
Coca-Cola Co. COM 191216100 1,873 40,375 SH   SOLE   40,375 0 0
Comcast Corp - Cl A COM 20030n101 512 8,379 SH   SOLE   8,379 0 0
Compugen Ltd COM M25722105 477 85,500 SH   SOLE   85,500 0 0
ConocoPhillips COM 20825c104 6,611 164,174 SH   SOLE   153,374 0 10,800
Devon Energy Co. COM 25179m103 6,435 234,504 SH   SOLE   218,504 0 16,000
Duke Energy Corporation COM 26441c204 3,475 43,067 SH   SOLE   43,067 0 0
E.I. duPont de Nemours & Co. COM 263534109 500 7,895 SH   SOLE   7,895 0 0
Eaton Corp. PLC F COM G29183103 17,272 276,080 SH   SOLE   260,080 0 16,000
Exxon Mobil Corporation COM 30231g102 4,889 58,488 SH   SOLE   58,488 0 0
General Electric Co. COM 369604103 4,075 128,193 SH   SOLE   128,193 0 0
General Mills COM 370334104 4,166 65,766 SH   SOLE   65,766 0 0
Gilead Sciences Inc. COM 375558103 12,115 131,884 SH   SOLE   121,784 0 10,100
HP Inc. COM 40434L105 4,580 371,787 SH   SOLE   342,787 0 29,000
Harley-Davidson Inc. COM 412822108 6,260 121,947 SH   SOLE   111,447 0 10,500
Hewlett Packard Enterprise COM 42824c109 5,643 318,300 SH   SOLE   289,300 0 29,000
Honeywell International COM 438516106 243 2,170 SH   SOLE   2,170 0 0
International Business Machine COM 459200101 2,374 15,675 SH   SOLE   15,675 0 0
Itracker System, Inc. COM 46573A107 0 110,000 SH   SOLE   110,000 0 0
J. P. Morgan Chase & Co. COM 46625H100 20,818 351,530 SH   SOLE   331,130 0 20,400
Johnson & Johnson COM 478160104 17,297 159,865 SH   SOLE   152,365 0 7,500
Johnson Controls Inc. COM 478366107 11,809 303,029 SH   SOLE   279,629 0 23,400
Kimberly-Clark Corp. COM 494368103 4,511 33,533 SH   SOLE   33,533 0 0
McDonald's Corp. COM 580135101 4,537 36,098 SH   SOLE   36,098 0 0
Merck & Co., Inc. COM 58933Y105 4,895 92,517 SH   SOLE   92,517 0 0
MetLife Inc. COM 59156r108 17,295 393,603 SH   SOLE   372,903 0 20,700
Microsoft Corporation COM 594918104 19,304 349,526 SH   SOLE   331,626 0 17,900
Morgan Stanley COM 617446448 10,107 404,135 SH   SOLE   370,335 0 33,800
Occidental Petroleum COM 674599105 10,755 157,169 SH   SOLE   145,269 0 11,900
Pepsico, Inc. COM 713448108 12,467 121,655 SH   SOLE   113,955 0 7,700
Pfizer Inc. COM 717081103 4,635 156,384 SH   SOLE   156,384 0 0
Procter & Gamble Co. COM 742718109 17,596 213,772 SH   SOLE   202,172 0 11,600
Psivida Corp COM 74440J101 82 30,500 SH   SOLE   30,500 0 0
Qualcomm COM 747525103 12,992 254,041 SH   SOLE   236,041 0 18,000
Royal Dutch Shell PLC CL B COM 780259107 3,660 74,406 SH   SOLE   74,406 0 0
Schlumberger Ltd. COM 806857108 12,069 163,641 SH   SOLE   151,641 0 12,000
Schwab (Charles) Corp COM 808513105 8,832 315,201 SH   SOLE   283,701 0 31,500
Sevion Therapeutics COM 81834q104 5 20,000 SH   SOLE   20,000 0 0
Sorrento Therapeutics COM 83587F202 124 23,128 SH   SOLE   23,128 0 0
State Street Corp. COM 857477103 10,410 177,896 SH   SOLE   164,496 0 13,400
Symantec Corp. COM 871503108 8,583 466,989 SH   SOLE   428,989 0 38,000
TE Connectivity Ltd. COM H84989104 14,422 232,915 SH   SOLE   216,115 0 16,800
Target Corp COM 87612e106 4,385 53,294 SH   SOLE   53,294 0 0
Teva Pharma Inds ADR COM 881624209 12,323 230,302 SH   SOLE   213,302 0 17,000
The Kraft Heinz Company COM 500754106 223 2,838 SH   SOLE   2,838 0 0
Thermo Fisher Scientific COM 883556102 11,373 80,320 SH   SOLE   73,520 0 6,800
Tiger X Medical Inc. COM 88677A104 20 226,071 SH   SOLE   226,071 0 0
Unilever PLC - Sponsored ADR COM 904767704 3,213 71,111 SH   SOLE   71,111 0 0
United Parcel Service -Cl B COM 911312106 4,211 39,923 SH   SOLE   39,923 0 0
United Tech. Corp. COM 913017109 14,824 148,091 SH   SOLE   138,641 0 9,450
Verizon Communications COM 92343v104 5,733 106,017 SH   SOLE   106,017 0 0
Viacom Inc. Class B COM 92553p201 8,950 216,802 SH   SOLE   199,202 0 17,600
Wal-Mart Stores Inc. COM 931142103 377 5,505 SH   SOLE   5,505 0 0
Waste Management Inc. COM 94106l109 212 3,600 SH   SOLE   3,600 0 0
Wells Fargo and Company COM 949746101 19,881 411,109 SH   SOLE   388,109 0 23,000
Zimmer Biomet Holdings, Inc. COM 98956P102 13,098 122,839 SH   SOLE   113,539 0 9,300
Cyclone Power Technologies, In COM 23254W104 0 25,000 SH   SOLE   25,000 0 0
Enviornmental Energy Service COM 29406q101 0 10,000 SH   SOLE   10,000 0 0
Standard & Poor's 400 Mid-Cap COM 78467Y107 579 2,205 SH   SOLE   2,205 0 0
iShares Russell 2000 Index Fun COM 464287655 297 2,689 SH   SOLE   2,689 0 0
Comdisco Holding Company, Inc. COM 200334118 1 11,500 SH   SOLE   11,500 0 0
iShares MSCI EAFE Growth ETF COM 464288885 706 10,725 SH   SOLE   10,725 0 0