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 344 1,650 SH   SOLE   0 0 1,650
AFLAC, Inc. COM 001055102 303 3,895 SH   SOLE   0 0 3,895
AT&T Inc. COM 00206r102 6,645 176,121 SH   SOLE   0 0 176,121
Abbvie Inc COM 00287y109 18,982 261,781 SH   SOLE   0 0 261,781
Alphabet Inc. Class C COM 02079K107 13,070 14,383 SH   SOLE   0 0 14,383
American Express Co. COM 025816109 9,096 107,978 SH   SOLE   0 0 107,978
Amper SA madrid ORD F COM e04600198 19 77,664 SH   SOLE   0 0 77,664
Apple Computer COM 037833100 5,654 39,256 SH   SOLE   0 0 39,256
BB&T Corporation COM 054937107 14,584 321,156 SH   SOLE   0 0 321,156
Berkshire Hathaway - Class B COM 084670702 360 2,124 SH   SOLE   0 0 2,124
CVS Health Corp. COM 126650100 21,423 266,252 SH   SOLE   0 0 266,252
Capital One Financial Corp. COM 14040h105 10,682 129,293 SH   SOLE   0 0 129,293
Chevron Corp. COM 166764100 15,396 147,571 SH   SOLE   0 0 147,571
Chubb Corp. (ACE) COM H1467J104 12,796 88,016 SH   SOLE   0 0 88,016
Cinedigm Corp COM 172406100 22 12,365 SH   SOLE   0 0 12,365
Cisco Systems Inc COM 17275R102 19,433 620,853 SH   SOLE   0 0 620,853
Coca-Cola Co. COM 191216100 3,351 74,710 SH   SOLE   0 0 74,710
Colgate Palmolive Co COM 194162103 202 2,725 SH   SOLE   0 0 2,725
Comcast Corp - Cl A COM 20030n101 653 16,766 SH   SOLE   0 0 16,766
Compugen Ltd COM M25722105 325 85,500 SH   SOLE   0 0 85,500
ConocoPhillips COM 20825c104 6,659 151,474 SH   SOLE   0 0 151,474
DDR Corp. COM 23317H102 218 24,000 SH   SOLE   0 0 24,000
Devon Energy Co. COM 25179m103 6,785 212,229 SH   SOLE   0 0 212,229
Eaton Corp. PLC F COM G29183103 24,318 312,454 SH   SOLE   0 0 312,454
Environmental Energy Service COM 29406q101 0 10,000 SH   SOLE   0 0 10,000
Exxon Mobil Corporation COM 30231g102 6,764 83,785 SH   SOLE   0 0 83,785
General Electric Co. COM 369604103 9,591 355,073 SH   SOLE   0 0 355,073
General Mills COM 370334104 6,492 117,179 SH   SOLE   0 0 117,179
Gilead Sciences Inc. COM 375558103 15,820 223,510 SH   SOLE   0 0 223,510
Goldman Sachs Group, Inc. COM 38141G104 217 976 SH   SOLE   0 0 976
Harley-Davidson Inc. COM 412822108 10,139 187,682 SH   SOLE   0 0 187,682
International Business Machine COM 459200101 2,774 18,035 SH   SOLE   0 0 18,035
J. P. Morgan Chase & Co. COM 46625H100 28,972 316,977 SH   SOLE   0 0 316,977
Johnson & Johnson COM 478160104 6,517 49,266 SH   SOLE   0 0 49,266
Johnson Controls Intl. PLC COM g51502105 13,090 301,888 SH   SOLE   0 0 301,888
Kimberly-Clark Corp. COM 494368103 7,134 55,252 SH   SOLE   0 0 55,252
Merck & Co., Inc. COM 58933Y105 9,347 145,840 SH   SOLE   0 0 145,840
MetLife Inc. COM 59156r108 23,683 431,074 SH   SOLE   0 0 431,074
Microsoft Corporation COM 594918104 24,493 355,336 SH   SOLE   0 0 355,336
Mondelez International Inc. COM 609207105 268 6,194 SH   SOLE   0 0 6,194
Morgan Stanley COM 617446448 8,192 183,851 SH   SOLE   0 0 183,851
Novartis AG-ADR COM 66987v109 278 3,334 SH   SOLE   0 0 3,334
Occidental Petroleum COM 674599105 13,343 222,869 SH   SOLE   0 0 222,869
Pepsico, Inc. COM 713448108 16,953 146,794 SH   SOLE   0 0 146,794
Pfizer Inc. COM 717081103 7,918 235,711 SH   SOLE   0 0 235,711
Procter & Gamble Co. COM 742718109 18,605 213,486 SH   SOLE   0 0 213,486
Psivida Corp COM 74440J101 45 26,500 SH   SOLE   0 0 26,500
Qualcomm COM 747525103 15,473 280,202 SH   SOLE   0 0 280,202
Royal Dutch Shell PLC CL B COM 780259107 7,473 137,294 SH   SOLE   0 0 137,294
Schlumberger Ltd. COM 806857108 10,136 153,944 SH   SOLE   0 0 153,944
Scripps Networks Interactive I COM 811065101 1,146 16,780 SH   SOLE   0 0 16,780
Sorrento Therapeutics COM 83587F202 144 72,000 SH   SOLE   0 0 72,000
State Street Corp. COM 857477103 8,876 98,919 SH   SOLE   0 0 98,919
TE Connectivity Ltd. COM H84989104 14,025 178,256 SH   SOLE   0 0 178,256
Target Corp COM 87612e106 4,902 93,741 SH   SOLE   0 0 93,741
The Kraft Heinz Company COM 500754106 285 3,326 SH   SOLE   0 0 3,326
Thermo Fisher Scientific COM 883556102 11,964 68,573 SH   SOLE   0 0 68,573
Tiger X Medical Inc. COM 88677A104 149 226,071 SH   SOLE   0 0 226,071
United Parcel Service -Cl B COM 911312106 9,305 84,139 SH   SOLE   0 0 84,139
United Tech. Corp. COM 913017109 19,141 156,756 SH   SOLE   0 0 156,756
Verizon Communications COM 92343v104 7,582 169,766 SH   SOLE   0 0 169,766
Viacom Inc. Class B COM 92553p201 8,196 244,155 SH   SOLE   0 0 244,155
Wal-Mart Stores Inc. COM 931142103 341 4,500 SH   SOLE   0 0 4,500
Wells Fargo and Company COM 949746101 26,324 475,078 SH   SOLE   0 0 475,078
Zimmer Biomet Holdings, Inc. COM 98956P102 14,484 112,805 SH   SOLE   0 0 112,805
Standard & Poor's 400 Mid-Cap COM 78467Y107 749 2,358 SH   SOLE   0 0 2,358
iShares Russell 2000 Index Fun COM 464287655 384 2,725 SH   SOLE   0 0 2,725
iShares MSCI EAFE Growth ETF COM 464288885 520 7,025 SH   SOLE   0 0 7,025