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
3M Company COM 88579y101 2,881 17,465 SH   SOLE   17,465 0 0
AFLAC, Inc. COM 001055102 249 3,895 SH   SOLE   3,895 0 0
AT&T Inc. COM 00206r102 2,632 80,601 SH   SOLE   80,601 0 0
American Express Co. COM 025816109 14,848 190,067 SH   SOLE 1 136,267 0 53,800
Amper SA madrid ORD F COM e04600198 95 155,304 SH   SOLE   155,304 0 0
Apache COM 037411105 730 12,100 SH   SOLE   12,100 0 0
Apple Computer COM 037833100 483 3,881 SH   SOLE   3,881 0 0
BB&T Corporation COM 054937107 27,081 694,565 SH   SOLE 1 463,565 0 231,000
Berkshire Hathaway - Class B COM 084670702 283 1,958 SH   SOLE   1,958 0 0
CVS Health Corp. COM 126650100 24,481 237,194 SH   SOLE 1 160,694 0 76,500
California Resources Corp. COM 13057Q107 612 80,375 SH   SOLE 1 76,015 0 4,360
Capital One Financial Corp. COM 14040h105 24,017 304,711 SH   SOLE 1 190,911 0 113,800
Caterpillar Inc. COM 149123101 15,739 196,659 SH   SOLE 1 124,159 0 72,500
Chevron Corp. COM 166764100 22,498 214,311 SH   SOLE 1 148,961 0 65,350
Cisco Systems Inc COM 17275R102 23,010 835,980 SH   SOLE 1 538,680 0 297,300
Coca-Cola Co. COM 191216100 1,721 42,450 SH   SOLE   42,450 0 0
Comcast Corp. - Special Class COM 20030N200 4,050 72,245 SH   SOLE   72,245 0 0
Compugen Ltd COM M25722105 599 85,000 SH   SOLE   85,000 0 0
ConocoPhillips COM 20825c104 18,576 298,364 SH   SOLE 1 201,064 0 97,300
Consolidated Edison, Inc. COM 209115104 2,144 35,140 SH   SOLE   35,140 0 0
Devon Energy Co. COM 25179m103 22,118 366,741 SH   SOLE 1 223,741 0 143,000
Duke Energy Corporation COM 26441c204 2,235 29,108 SH   SOLE   29,108 0 0
E.I. duPont de Nemours & Co. COM 263534109 15,945 223,101 SH   SOLE 1 153,101 0 70,000
Eaton Corp. PLC F COM G29183103 29,809 438,751 SH   SOLE 1 293,751 0 145,000
Emerson Electric Company COM 291011104 1,570 27,723 SH   SOLE   27,723 0 0
Exxon Mobil Corporation COM 30231g102 4,746 55,834 SH   SOLE   55,834 0 0
General Electric Co. COM 369604103 5,273 212,555 SH   SOLE   212,555 0 0
General Mills COM 370334104 3,200 56,529 SH   SOLE   56,529 0 0
Gilead Sciences Inc. COM 375558103 17,277 176,065 SH   SOLE 1 106,865 0 69,200
Hewlett-Packard Co. COM 428236103 17,839 572,504 SH   SOLE 1 334,504 0 238,000
Hologic Inc. COM 436440101 16,717 506,181 SH   SOLE 1 315,181 0 191,000
Honeywell International COM 438516106 307 2,945 SH   SOLE   2,945 0 0
International Business Machine COM 459200101 4,240 26,417 SH   SOLE   26,417 0 0
Itracker System, Inc. COM 46573A107 0 110,000 SH   SOLE   110,000 0 0
J. P. Morgan Chase & Co. COM 46625H100 35,104 579,471 SH   SOLE 1 401,571 0 177,900
Johnson & Johnson COM 478160104 26,087 259,313 SH   SOLE 1 184,313 0 75,000
Johnson Controls Inc. COM 478366107 21,528 426,799 SH   SOLE 1 253,299 0 173,500
Kimberly-Clark Corp. COM 494368103 3,019 28,188 SH   SOLE   28,188 0 0
Kraft Foods Group Inc. COM 50076q106 235 2,700 SH   SOLE   2,700 0 0
McDonald's Corp. COM 580135101 22,644 232,391 SH   SOLE 1 161,391 0 71,000
Merck & Co., Inc. COM 58933Y105 4,354 75,754 SH   SOLE   75,754 0 0
MetLife Inc. COM 59156r108 29,506 583,702 SH   SOLE 1 399,002 0 184,700
Microsoft Corporation COM 594918104 28,399 698,546 SH   SOLE 1 474,546 0 224,000
Morgan Stanley COM 617446448 23,588 660,923 SH   SOLE 1 453,123 0 207,800
Occidental Petroleum COM 674599105 19,869 272,174 SH   SOLE 1 173,774 0 98,400
Pepsico, Inc. COM 713448108 19,689 205,904 SH   SOLE 1 138,204 0 67,700
Pfizer Inc. COM 717081103 4,232 121,639 SH   SOLE   121,639 0 0
Procter & Gamble Co. COM 742718109 25,814 315,041 SH   SOLE 1 216,141 0 98,900
Psivida Corp COM 74440J101 119 30,000 SH   SOLE   30,000 0 0
Qualcomm COM 747525103 25,001 360,558 SH   SOLE 1 224,558 0 136,000
Range Resources Corporation COM 75281a109 938 18,020 SH   SOLE   18,020 0 0
Royal Dutch Shell PLC ADR - A COM 780259206 201 3,376 SH   SOLE   3,376 0 0
Royal Dutch Shell PLC CL B COM 780259107 3,696 58,946 SH   SOLE   58,946 0 0
Schlumberger Ltd. COM 806857108 24,068 288,444 SH   SOLE 1 185,944 0 102,500
Schwab (Charles) Corp COM 808513105 7,611 250,033 SH   SOLE 1 148,233 0 101,800
Sevion Therapeutics COM 81834q104 13 20,000 SH   SOLE   20,000 0 0
Sorrento Therapeutics COM 83587F202 267 23,128 SH   SOLE   23,128 0 0
Southern Co. COM 842587107 1,859 41,989 SH   SOLE   41,989 0 0
State Street Corp. COM 857477103 23,698 322,287 SH   SOLE 1 189,887 0 132,400
Symantec Corp. COM 871503108 17,470 747,713 SH   SOLE 1 453,213 0 294,500
TE Connectivity Ltd. COM H84989104 27,462 383,441 SH   SOLE 1 239,641 0 143,800
Target Corp COM 87612e106 4,859 59,209 SH   SOLE   59,209 0 0
Teradata Corp. COM 88076w103 11,985 271,520 SH   SOLE 1 151,820 0 119,700
Teva Pharma Inds ADR COM 881624209 22,933 368,103 SH   SOLE 1 217,203 0 150,900
Thermo Fisher Scientific COM 883556102 22,695 168,937 SH   SOLE 1 112,637 0 56,300
Tiger X Medical Inc. COM 88677A104 23 226,071 SH   SOLE   226,071 0 0
Time Warner Inc COM 887317303 4,438 52,558 SH   SOLE   52,558 0 0
Trunity Holdings, Inc. COM 898183108 6 71,429 SH   SOLE   71,429 0 0
Unilever PLC - Sponsored ADR COM 904767704 2,493 59,765 SH   SOLE   59,765 0 0
United Parcel Service -Cl B COM 911312106 4,103 42,328 SH   SOLE   42,328 0 0
United Tech. Corp. COM 913017109 3,097 26,422 SH   SOLE   26,422 0 0
Verizon Communications COM 92343v104 4,215 86,682 SH   SOLE   86,682 0 0
Wal-Mart Stores Inc. COM 931142103 466 5,665 SH   SOLE   5,665 0 0
Wells Fargo and Company COM 949746101 34,313 630,762 SH   SOLE 1 433,762 0 197,000
Zimmer Holdings Inc. COM 98956P102 23,439 199,449 SH   SOLE 1 122,649 0 76,800
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 505 1,821 SH   SOLE   1,821 0 0
iShares Russell 2000 Index Fun COM 464287655 226 1,815 SH   SOLE   1,815 0 0
JPMorgan Alerian MLP Index COM 46625h365 276 6,440 SH   SOLE   6,440 0 0
SPDR Series Trust S&P Dividend COM 78464A763 203 2,600 SH   SOLE   2,600 0 0