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 2,467 17,590 SH   SOLE   17,590 0 0
AFLAC, Inc. COM 001055102 260 3,895 SH   SOLE   3,895 0 0
AT&T Inc. COM 00206r102 1,778 50,580 SH   SOLE   50,580 0 0
Air Products and Chemicals, In COM 009158106 2,644 23,652 SH   SOLE   23,652 0 0
American Express Co. COM 025816109 19,359 213,372 SH   SOLE 1 145,072 0 68,300
Amper SA madrid ORD F COM e04600198 227 155,304 SH   SOLE   155,304 0 0
Apache COM 037411105 1,308 15,223 SH   SOLE   15,223 0 0
Apple Computer COM 037833100 301 537 SH   SOLE   537 0 0
Archer Daniels Midland Co. COM 039483102 16,531 380,907 SH   SOLE 1 225,607 0 155,300
BB&T Corporation COM 054937107 25,535 684,212 SH   SOLE 1 447,912 0 236,300
Berkshire Hathaway - Class B COM 084670702 219 1,850 SH   SOLE   1,850 0 0
CSX Corp. COM 126408103 1,363 47,390 SH   SOLE   47,390 0 0
CVS Caremark Corp. COM 126650100 20,490 286,299 SH   SOLE 1 192,699 0 93,600
Capital One Finance Corp. COM 14040h105 16,122 210,448 SH   SOLE 1 131,448 0 79,000
Caterpillar Inc. COM 149123101 18,300 201,516 SH   SOLE 1 121,216 0 80,300
Chevron Corp. COM 166764100 23,929 191,574 SH   SOLE 1 130,174 0 61,400
Cisco Systems Inc COM 17275R102 22,691 1,011,621 SH   SOLE 1 636,621 0 375,000
Coca-Cola Co. COM 191216100 15,167 367,153 SH   SOLE 1 273,653 0 93,500
Comcast Corp. - Special Class COM 20030N200 3,560 71,380 SH   SOLE   71,380 0 0
Compugen Ltd COM M25722105 761 85,000 SH   SOLE   85,000 0 0
ConocoPhillips COM 20825c104 21,208 300,189 SH   SOLE 1 191,489 0 108,700
Consolidated Edison, Inc. COM 209115104 2,391 43,258 SH   SOLE   43,258 0 0
Corning Inc. COM 219350105 22,269 1,249,644 SH   SOLE 1 740,144 0 509,500
Devon Energy Co. COM 25179m103 22,188 358,618 SH   SOLE 1 210,818 0 147,800
Duke Energy Corporation COM 26441c204 2,503 36,275 SH   SOLE   36,275 0 0
E.I. duPont de Nemours & Co. COM 263534109 18,748 288,570 SH   SOLE 1 198,570 0 90,000
Eaton Corp. PLC F COM 278058102 5,476 71,933 SH   SOLE   71,933 0 0
Exxon Mobil Corporation COM 30231g102 5,409 53,447 SH   SOLE   53,447 0 0
General Electric Co. COM 369604103 5,070 180,895 SH   SOLE   180,895 0 0
General Mills COM 370334104 2,374 47,570 SH   SOLE   47,570 0 0
Hewlett-Packard Co. COM 428236103 13,299 475,309 SH   SOLE 1 244,809 0 230,500
Hologic Inc. COM 436440101 13,561 606,742 SH   SOLE 1 328,242 0 278,500
Intel Corporation COM 458140100 2,153 82,959 SH   SOLE   82,959 0 0
International Business Machine COM 459200101 3,092 16,482 SH   SOLE   16,482 0 0
Itracker System, Inc. COM 46573A107 0 110,000 SH   SOLE   110,000 0 0
J. P. Morgan Chase & Co. COM 46625H100 34,456 589,187 SH   SOLE 1 400,587 0 188,600
Johnson & Johnson COM 478160104 27,801 303,539 SH   SOLE 1 206,439 0 97,100
Johnson Controls Inc. COM 478366107 15,380 299,799 SH   SOLE 1 184,199 0 115,600
Kellogg Company COM 487836108 10,132 165,915 SH   SOLE 1 110,915 0 55,000
Kimberly-Clark Corp. COM 494368103 2,520 24,125 SH   SOLE   24,125 0 0
McDonald's Corp. COM 580135101 19,643 202,447 SH   SOLE 1 133,047 0 69,400
Merck & Co., Inc. COM 58933Y105 3,620 72,325 SH   SOLE   72,325 0 0
MetLife Inc. COM 59156r108 29,888 554,297 SH   SOLE 1 351,797 0 202,500
MicroIslet, Inc. COM 59507q106 0 39,000 SH   SOLE   39,000 0 0
Microsoft Corporation COM 594918104 26,477 707,742 SH   SOLE 1 452,042 0 255,700
Morgan Stanley COM 617446448 22,641 721,981 SH   SOLE 1 501,681 0 220,300
Occidental Petroleum COM 674599105 25,480 267,933 SH   SOLE 1 168,933 0 99,000
Oracle Corp. COM 68389X105 1,741 45,500 SH   SOLE   45,500 0 0
Pepsico, Inc. COM 713448108 13,906 167,666 SH   SOLE 1 114,866 0 52,800
Pfizer Inc. COM 717081103 2,704 88,281 SH   SOLE   88,281 0 0
Procter & Gamble Co. COM 742718109 25,410 312,128 SH   SOLE 1 209,628 0 102,500
Psivida Corp COM 74440J101 79 20,000 SH   SOLE   20,000 0 0
Qualcomm COM 747525103 23,419 315,401 SH   SOLE 1 195,201 0 120,200
Royal Dutch Shell PLC CL B COM 780259107 3,294 43,853 SH   SOLE   43,853 0 0
Schlumberger Ltd. COM 806857108 26,891 298,425 SH   SOLE 1 191,425 0 107,000
Schwab (Charles) Corp COM 808513105 15,727 604,873 SH   SOLE 1 370,573 0 234,300
Senesco Technologies Inc COM 817208507 60 10,000 SH   SOLE   10,000 0 0
Sorrento Therapeutics COM 83587F202 187 23,128 SH   SOLE   23,128 0 0
Southern Co. COM 842587107 1,358 33,040 SH   SOLE   33,040 0 0
Southwestern Energy Company COM 845467109 1,616 41,085 SH   SOLE   41,085 0 0
State Street Corp. COM 857477103 24,074 328,034 SH   SOLE 1 191,934 0 136,100
TE Connectivity Ltd. COM H84989104 22,219 403,177 SH   SOLE 1 239,877 0 163,300
Teva Pharma Inds ADR COM 881624209 17,052 425,461 SH   SOLE 1 241,361 0 184,100
Thermo Fisher Scientific COM 883556102 20,072 180,257 SH   SOLE 1 120,757 0 59,500
Tiger X Medical Inc. COM 18682E304 19 226,071 SH   SOLE   226,071 0 0
Time Warner Inc COM 887317303 3,674 52,696 SH   SOLE   52,696 0 0
Trunity Holdings, Inc. COM 898183108 21 71,429 SH   SOLE   71,429 0 0
Unilever PLC - Sponsored ADR COM 904767704 2,502 60,737 SH   SOLE   60,737 0 0
United Parcel Service -Cl B COM 911312106 4,781 45,501 SH   SOLE   45,501 0 0
United Tech. Corp. COM 913017109 3,000 26,360 SH   SOLE   26,360 0 0
Verizon Communications COM 92343v104 938 19,079 SH   SOLE   19,079 0 0
Wal-Mart Stores Inc. COM 931142103 478 6,070 SH   SOLE   6,070 0 0
Wells Fargo and Company COM 949746101 33,259 732,587 SH   SOLE 1 475,887 0 256,700
Winston Pharmaceuticals COM 975657107 0 10,115 SH   SOLE   10,115 0 0
Zimmer Holdings Inc. COM 98956P102 24,640 264,410 SH   SOLE 1 164,910 0 99,500
E-Kong Group Ltd. COM G2952Q109 0 12,500 SH   SOLE   12,500 0 0
Enviornmental Energy Service COM 29406q101 0 10,000 SH   SOLE   10,000 0 0