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
Estimated average burden
hours per response: 23.8
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
AFLAC, Inc. COM 001055102 226 3,895 SH   SOLE   3,895 0 0
AT&T Inc. COM 00206r102 3,283 100,771 SH   SOLE   100,771 0 0
Ace Ltd COM H0023R105 5,737 55,488 SH   SOLE 1 33,488 0 22,000
American Express Co. COM 025816109 13,680 184,539 SH   SOLE 1 115,439 0 69,100
Amper SA madrid ORD F COM e04600198 23 155,304 SH   SOLE   155,304 0 0
Apple Computer COM 037833100 458 4,152 SH   SOLE   4,152 0 0
BB&T Corporation COM 054937107 21,966 617,010 SH   SOLE 1 405,110 0 211,900
Berkshire Hathaway - Class B COM 084670702 257 1,972 SH   SOLE   1,972 0 0
CVS Health Corp. COM 126650100 15,380 159,411 SH   SOLE 1 101,611 0 57,800
California Resources Corp. COM 13057Q107 183 70,378 SH   SOLE 1 66,018 0 4,360
Capital One Financial Corp. COM 14040h105 19,353 266,867 SH   SOLE 1 160,067 0 106,800
Caterpillar Inc. COM 149123101 14,186 217,040 SH   SOLE 1 128,740 0 88,300
Chemours Company COM 163851108 227 35,106 SH   SOLE 1 21,106 0 14,000
Chevron Corp. COM 166764100 15,993 202,751 SH   SOLE 1 137,401 0 65,350
Cisco Systems Inc COM 17275R102 22,599 860,906 SH   SOLE 1 563,606 0 297,300
Coca-Cola Co. COM 191216100 1,687 42,050 SH   SOLE   42,050 0 0
Comcast Corp. - Special Class COM 20030N200 500 8,730 SH   SOLE   8,730 0 0
Compugen Ltd COM M25722105 442 85,500 SH   SOLE   85,500 0 0
ConocoPhillips COM 20825c104 14,851 309,658 SH   SOLE 1 212,358 0 97,300
Consolidated Edison, Inc. COM 209115104 1,847 27,630 SH   SOLE   27,630 0 0
Devon Energy Co. COM 25179m103 13,423 361,892 SH   SOLE 1 218,892 0 143,000
Duke Energy Corporation COM 26441c204 2,519 35,012 SH   SOLE   35,012 0 0
E.I. duPont de Nemours & Co. COM 263534109 8,477 175,880 SH   SOLE 1 105,880 0 70,000
Eaton Corp. PLC F COM G29183103 21,201 413,283 SH   SOLE 1 272,283 0 141,000
Exxon Mobil Corporation COM 30231g102 2,317 31,164 SH   SOLE   31,164 0 0
General Electric Co. COM 369604103 5,837 231,431 SH   SOLE   231,431 0 0
General Mills COM 370334104 3,579 63,757 SH   SOLE   63,757 0 0
Gilead Sciences Inc. COM 375558103 16,881 171,919 SH   SOLE 1 101,419 0 70,500
Harley-Davidson Inc. COM 412822108 3,913 71,269 SH   SOLE 1 41,169 0 30,100
Hewlett-Packard Co. COM 428236103 15,119 590,351 SH   SOLE 1 348,351 0 242,000
International Business Machine COM 459200101 2,140 14,760 SH   SOLE   14,760 0 0
Itracker System, Inc. COM 46573A107 0 110,000 SH   SOLE   110,000 0 0
J. P. Morgan Chase & Co. COM 46625H100 30,152 494,537 SH   SOLE 1 339,137 0 155,400
Johnson & Johnson COM 478160104 22,494 240,959 SH   SOLE 1 166,959 0 74,000
Johnson Controls Inc. COM 478366107 17,754 429,244 SH   SOLE 1 258,744 0 170,500
Kimberly-Clark Corp. COM 494368103 3,534 32,413 SH   SOLE   32,413 0 0
McDonald's Corp. COM 580135101 22,005 223,334 SH   SOLE 1 155,034 0 68,300
Merck & Co., Inc. COM 58933Y105 4,250 86,049 SH   SOLE   86,049 0 0
MetLife Inc. COM 59156r108 25,543 541,736 SH   SOLE 1 359,836 0 181,900
Microsoft Corporation COM 594918104 28,010 632,845 SH   SOLE 1 420,345 0 212,500
Morgan Stanley COM 617446448 17,603 558,835 SH   SOLE 1 353,035 0 205,800
Occidental Petroleum COM 674599105 16,524 249,789 SH   SOLE 1 151,389 0 98,400
Pepsico, Inc. COM 713448108 17,632 186,977 SH   SOLE 1 121,277 0 65,700
Pfizer Inc. COM 717081103 4,276 136,123 SH   SOLE   136,123 0 0
Procter & Gamble Co. COM 742718109 23,002 319,734 SH   SOLE 1 216,034 0 103,700
Psivida Corp COM 74440J101 110 30,000 SH   SOLE   30,000 0 0
Qualcomm COM 747525103 20,081 373,738 SH   SOLE 1 219,738 0 154,000
Royal Dutch Shell PLC CL B COM 780259107 3,388 71,352 SH   SOLE   71,352 0 0
Schlumberger Ltd. COM 806857108 18,094 262,350 SH   SOLE 1 159,850 0 102,500
Schwab (Charles) Corp COM 808513105 3,310 115,906 SH   SOLE 1 70,406 0 45,500
Sevion Therapeutics COM 81834q104 12 20,000 SH   SOLE   20,000 0 0
Sorrento Therapeutics COM 83587F202 194 23,128 SH   SOLE   23,128 0 0
Southern Co. COM 842587107 2,305 51,571 SH   SOLE   51,571 0 0
State Street Corp. COM 857477103 19,037 283,248 SH   SOLE 1 170,848 0 112,400
Symantec Corp. COM 871503108 14,572 748,429 SH   SOLE 1 439,429 0 309,000
TE Connectivity Ltd. COM H84989104 22,204 370,740 SH   SOLE 1 226,940 0 143,800
Target Corp COM 87612e106 4,134 52,554 SH   SOLE   52,554 0 0
Teva Pharma Inds ADR COM 881624209 19,665 348,299 SH   SOLE 1 212,599 0 135,700
Thermo Fisher Scientific COM 883556102 16,117 131,807 SH   SOLE 1 79,007 0 52,800
Tiger X Medical Inc. COM 88677A104 17 226,071 SH   SOLE   226,071 0 0
Trunity Holdings, Inc. COM 898183108 2 71,429 SH   SOLE   71,429 0 0
Unilever PLC - Sponsored ADR COM 904767704 2,802 68,714 SH   SOLE   68,714 0 0
United Parcel Service -Cl B COM 911312106 2,854 28,921 SH   SOLE   28,921 0 0
United Tech. Corp. COM 913017109 2,351 26,415 SH   SOLE   26,415 0 0
Verizon Communications COM 92343v104 4,429 101,795 SH   SOLE   101,795 0 0
Viacom Inc. Class B COM 92553p201 14,668 339,922 SH   SOLE 1 201,322 0 138,600
Wal-Mart Stores Inc. COM 931142103 357 5,505 SH   SOLE   5,505 0 0
Wells Fargo and Company COM 949746101 29,029 565,321 SH   SOLE 1 381,821 0 183,500
Zimmer Biomet Holdings, Inc. COM 98956P102 18,338 195,230 SH   SOLE 1 116,530 0 78,700
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 538 2,163 SH   SOLE   2,163 0 0
iShares Russell 2000 Index Fun COM 464287655 279 2,556 SH   SOLE   2,556 0 0
Comdisco Holding Company, Inc. COM 200334118 1 11,500 SH   SOLE   11,500 0 0