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 291 1,650 SH   SOLE   1,650 0 0
AFLAC, Inc. COM 001055102 280 3,895 SH   SOLE   3,895 0 0
AT&T Inc. COM 00206r102 5,840 143,807 SH   SOLE   143,807 0 0
Abbott Laboratories COM 002824100 259 6,125 SH   SOLE   6,125 0 0
Abbvie Inc COM 00287y109 10,885 172,580 SH   SOLE   164,580 0 8,000
Alphabet Inc. Class C COM 02079K107 3,947 5,078 SH   SOLE   4,628 0 450
American Express Co. COM 025816109 7,778 121,457 SH   SOLE   111,157 0 10,300
Amgen COM 031162100 655 3,924 SH   SOLE   3,924 0 0
Amper SA madrid ORD F COM e04600198 23 155,304 SH   SOLE   155,304 0 0
Apple Computer COM 037833100 4,738 41,908 SH   SOLE   38,608 0 3,300
BB&T Corporation COM 054937107 11,280 299,045 SH   SOLE   285,045 0 14,000
Berkshire Hathaway - Class B COM 084670702 275 1,905 SH   SOLE   1,905 0 0
Blackrock, Inc. COM 09247x101 595 1,642 SH   SOLE   1,642 0 0
CVS Health Corp. COM 126650100 12,792 143,750 SH   SOLE   132,550 0 11,200
Capital One Financial Corp. COM 14040h105 11,880 165,395 SH   SOLE   152,195 0 13,200
Caterpillar Inc. COM 149123101 10,575 119,130 SH   SOLE   108,830 0 10,300
Chevron Corp. COM 166764100 15,411 149,740 SH   SOLE   142,390 0 7,350
Chubb Corp. (ACE) COM H1467J104 6,005 47,792 SH   SOLE   44,292 0 3,500
Cinedigm Corp COM 172406100 25 12,365 SH   SOLE   12,365 0 0
Cisco Systems Inc COM 17275R102 19,053 600,660 SH   SOLE   565,660 0 35,000
Coca-Cola Co. COM 191216100 1,675 39,575 SH   SOLE   39,575 0 0
Colgate Palmolive Co COM 194162103 206 2,775 SH   SOLE   2,775 0 0
Comcast Corp - Cl A COM 20030n101 555 8,373 SH   SOLE   8,373 0 0
Compugen Ltd COM M25722105 539 85,500 SH   SOLE   85,500 0 0
ConocoPhillips COM 20825c104 7,076 162,778 SH   SOLE   151,978 0 10,800
Devon Energy Co. COM 25179m103 9,941 225,360 SH   SOLE   209,360 0 16,000
Eaton Corp. PLC F COM G29183103 20,573 313,095 SH   SOLE   296,695 0 16,400
Exxon Mobil Corporation COM 30231g102 6,476 74,203 SH   SOLE   74,203 0 0
General Electric Co. COM 369604103 1,266 42,727 SH   SOLE   42,727 0 0
General Mills COM 370334104 5,796 90,728 SH   SOLE   90,728 0 0
Gilead Sciences Inc. COM 375558103 14,634 184,959 SH   SOLE   171,459 0 13,500
HP Inc. COM 40434L105 5,222 336,241 SH   SOLE   307,241 0 29,000
Harley-Davidson Inc. COM 412822108 8,747 166,329 SH   SOLE   154,029 0 12,300
Honeywell International COM 438516106 251 2,150 SH   SOLE   2,150 0 0
International Business Machine COM 459200101 3,101 19,522 SH   SOLE   19,522 0 0
J. P. Morgan Chase & Co. COM 46625H100 24,622 369,758 SH   SOLE   349,358 0 20,400
Johnson & Johnson COM 478160104 5,348 45,273 SH   SOLE   45,273 0 0
Johnson Controls Intl. PLC COM g51502105 11,700 251,455 SH   SOLE   229,894 0 21,561
Kimberly-Clark Corp. COM 494368103 5,736 45,476 SH   SOLE   45,476 0 0
McDonald's Corp. COM 580135101 5,793 50,215 SH   SOLE   50,215 0 0
Merck & Co., Inc. COM 58933Y105 7,283 116,699 SH   SOLE   116,699 0 0
MetLife Inc. COM 59156r108 19,691 443,200 SH   SOLE   422,500 0 20,700
Microsoft Corporation COM 594918104 21,436 372,146 SH   SOLE   351,946 0 20,200
Mondelez International Inc. COM 609207105 207 4,724 SH   SOLE   4,724 0 0
Morgan Stanley COM 617446448 12,741 397,398 SH   SOLE   362,398 0 35,000
Occidental Petroleum COM 674599105 13,349 183,061 SH   SOLE   170,161 0 12,900
Pepsico, Inc. COM 713448108 13,698 125,940 SH   SOLE   118,240 0 7,700
Pfizer Inc. COM 717081103 6,288 185,658 SH   SOLE   185,658 0 0
Procter & Gamble Co. COM 742718109 19,774 220,326 SH   SOLE   207,426 0 12,900
Psivida Corp COM 74440J101 92 30,500 SH   SOLE   30,500 0 0
Qualcomm COM 747525103 19,051 278,115 SH   SOLE   260,115 0 18,000
Royal Dutch Shell PLC CL B COM 780259107 5,928 112,215 SH   SOLE   112,215 0 0
Schlumberger Ltd. COM 806857108 12,165 154,694 SH   SOLE   142,694 0 12,000
Schwab (Charles) Corp COM 808513105 12,570 398,167 SH   SOLE   363,167 0 35,000
Sorrento Therapeutics COM 83587F202 179 23,128 SH   SOLE   23,128 0 0
State Street Corp. COM 857477103 11,793 169,372 SH   SOLE   155,972 0 13,400
Symantec Corp. COM 871503108 10,753 428,391 SH   SOLE   390,391 0 38,000
TE Connectivity Ltd. COM H84989104 14,642 227,428 SH   SOLE   209,928 0 17,500
Target Corp COM 87612e106 5,333 77,657 SH   SOLE   77,657 0 0
Teva Pharma Inds ADR COM 881624209 11,928 259,258 SH   SOLE   238,458 0 20,800
The Kraft Heinz Company COM 500754106 254 2,838 SH   SOLE   2,838 0 0
Thermo Fisher Scientific COM 883556102 11,413 71,750 SH   SOLE   65,525 0 6,225
Tiger X Medical Inc. COM 88677A104 27 226,071 SH   SOLE   226,071 0 0
Time Warner Inc COM 887317303 663 8,331 SH   SOLE   8,331 0 0
United Parcel Service -Cl B COM 911312106 5,447 49,804 SH   SOLE   49,804 0 0
United Tech. Corp. COM 913017109 15,919 156,681 SH   SOLE   147,231 0 9,450
UnitedHealth Group Inc. COM 91324p102 574 4,098 SH   SOLE   4,098 0 0
VF Corp. COM 918204108 288 5,136 SH   SOLE   5,136 0 0
Verizon Communications COM 92343v104 6,986 134,405 SH   SOLE   134,405 0 0
Viacom Inc. Class B COM 92553p201 7,893 207,155 SH   SOLE   189,555 0 17,600
Wal-Mart Stores Inc. COM 931142103 381 5,280 SH   SOLE   5,280 0 0
Waste Management Inc. COM 94106l109 230 3,600 SH   SOLE   3,600 0 0
Wells Fargo and Company COM 949746101 20,987 473,971 SH   SOLE   448,971 0 25,000
Zimmer Biomet Holdings, Inc. COM 98956P102 13,767 105,880 SH   SOLE   97,255 0 8,625
Enviornmental Energy Service COM 29406q101 0 10,000 SH   SOLE   10,000 0 0
Standard & Poor's 400 Mid-Cap COM 78467Y107 621 2,199 SH   SOLE   2,199 0 0
iShares Russell 2000 Index Fun COM 464287655 334 2,689 SH   SOLE   2,689 0 0
iShares MSCI EAFE Growth ETF COM 464288885 470 6,870 SH   SOLE   6,870 0 0