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 2,386 17,590 SH   SOLE   17,590 0 0
AFLAC, Inc. COM 001055102 246 3,895 SH   SOLE   3,895 0 0
AT&T Inc. COM 00206r102 1,811 51,648 SH   SOLE   51,648 0 0
Air Products and Chemicals, In COM 009158106 2,395 20,123 SH   SOLE   20,123 0 0
American Express Co. COM 025816109 16,202 179,964 SH   SOLE 1 126,964 0 53,000
Amper SA madrid ORD F COM e04600198 233 155,304 SH   SOLE   155,304 0 0
Apache COM 037411105 1,036 12,493 SH   SOLE   12,493 0 0
Apple Computer COM 037833100 287 535 SH   SOLE   535 0 0
BB&T Corporation COM 054937107 27,451 683,367 SH   SOLE 1 448,767 0 234,600
Berkshire Hathaway - Class B COM 084670702 231 1,850 SH   SOLE   1,850 0 0
CSX Corp. COM 126408103 1,373 47,390 SH   SOLE   47,390 0 0
CVS Caremark Corp. COM 126650100 20,819 278,111 SH   SOLE 1 189,111 0 89,000
Capital One Financial Corp. COM 14040h105 22,322 289,301 SH   SOLE 1 175,801 0 113,500
Caterpillar Inc. COM 149123101 19,688 198,133 SH   SOLE 1 120,333 0 77,800
Chevron Corp. COM 166764100 23,557 198,111 SH   SOLE 1 135,611 0 62,500
Cisco Systems Inc COM 17275R102 22,658 1,010,854 SH   SOLE 1 639,854 0 371,000
Coca-Cola Co. COM 191216100 14,992 387,797 SH   SOLE 1 288,297 0 99,500
Comcast Corp. - Special Class COM 20030N200 3,546 72,705 SH   SOLE   72,705 0 0
Compugen Ltd COM M25722105 841 80,000 SH   SOLE   80,000 0 0
ConocoPhillips COM 20825c104 21,709 308,586 SH   SOLE 1 200,886 0 107,700
Consolidated Edison, Inc. COM 209115104 2,417 45,047 SH   SOLE   45,047 0 0
Corning Inc. COM 219350105 3,792 182,151 SH   SOLE 1 120,051 0 62,100
Devon Energy Co. COM 25179m103 25,277 377,666 SH   SOLE 1 218,166 0 159,500
Duke Energy Corporation COM 26441c204 2,641 37,089 SH   SOLE   37,089 0 0
E.I. duPont de Nemours & Co. COM 263534109 22,791 339,660 SH   SOLE 1 230,160 0 109,500
Eaton Corp. PLC F COM G29183103 16,112 214,486 SH   SOLE 1 150,386 0 64,100
Exxon Mobil Corporation COM 30231g102 5,161 52,839 SH   SOLE   52,839 0 0
General Electric Co. COM 369604103 4,775 184,434 SH   SOLE   184,434 0 0
General Mills COM 370334104 2,482 47,900 SH   SOLE   47,900 0 0
Hewlett-Packard Co. COM 428236103 15,622 482,760 SH   SOLE 1 254,760 0 228,000
Hologic Inc. COM 436440101 20,072 933,583 SH   SOLE 1 535,583 0 398,000
Intel Corporation COM 458140100 2,183 84,560 SH   SOLE   84,560 0 0
International Business Machine COM 459200101 3,173 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 35,550 585,578 SH   SOLE 1 399,678 0 185,900
Johnson & Johnson COM 478160104 30,001 305,418 SH   SOLE 1 209,118 0 96,300
Johnson Controls Inc. COM 478366107 13,426 283,723 SH   SOLE 1 168,123 0 115,600
Kellogg Company COM 487836108 8,386 133,726 SH   SOLE 1 97,826 0 35,900
Kimberly-Clark Corp. COM 494368103 2,686 24,361 SH   SOLE   24,361 0 0
McDonald's Corp. COM 580135101 20,949 213,696 SH   SOLE 1 143,196 0 70,500
Merck & Co., Inc. COM 58933Y105 3,682 64,866 SH   SOLE   64,866 0 0
MetLife Inc. COM 59156r108 28,727 544,066 SH   SOLE 1 342,066 0 202,000
MicroIslet, Inc. COM 59507q106 0 39,000 SH   SOLE   39,000 0 0
Microsoft Corporation COM 594918104 28,490 695,056 SH   SOLE 1 446,156 0 248,900
Morgan Stanley COM 617446448 21,883 702,046 SH   SOLE 1 489,246 0 212,800
Occidental Petroleum COM 674599105 26,218 275,134 SH   SOLE 1 173,834 0 101,300
Oracle Corp. COM 68389X105 1,857 45,385 SH   SOLE   45,385 0 0
Pepsico, Inc. COM 713448108 17,870 214,007 SH   SOLE 1 143,307 0 70,700
Pfizer Inc. COM 717081103 2,878 89,610 SH   SOLE   89,610 0 0
Procter & Gamble Co. COM 742718109 26,977 334,698 SH   SOLE 1 225,698 0 109,000
Psivida Corp COM 74440J101 98 24,000 SH   SOLE   24,000 0 0
Qualcomm COM 747525103 24,907 315,842 SH   SOLE 1 197,042 0 118,800
Royal Dutch Shell PLC CL B COM 780259107 3,464 44,343 SH   SOLE   44,343 0 0
Schlumberger Ltd. COM 806857108 28,773 295,112 SH   SOLE 1 191,312 0 103,800
Schwab (Charles) Corp COM 808513105 11,447 418,853 SH   SOLE 1 248,353 0 170,500
Senesco Technologies Inc COM 817208507 67 20,000 SH   SOLE   20,000 0 0
Sorrento Therapeutics COM 83587F202 297 23,128 SH   SOLE   23,128 0 0
Southern Co. COM 842587107 1,516 34,506 SH   SOLE   34,506 0 0
Southwestern Energy Company COM 845467109 1,864 40,505 SH   SOLE   40,505 0 0
State Street Corp. COM 857477103 22,789 327,670 SH   SOLE 1 193,770 0 133,900
TE Connectivity Ltd. COM H84989104 23,645 392,714 SH   SOLE 1 236,714 0 156,000
Teva Pharma Inds ADR COM 881624209 19,576 370,477 SH   SOLE 1 216,777 0 153,700
Thermo Fisher Scientific COM 883556102 20,890 173,737 SH   SOLE 1 116,237 0 57,500
Tiger X Medical Inc. COM 88677A104 19 226,071 SH   SOLE   226,071 0 0
Time Warner Inc COM 887317303 3,443 52,696 SH   SOLE   52,696 0 0
Trunity Holdings, Inc. COM 898183108 16 71,429 SH   SOLE   71,429 0 0
Unilever PLC - Sponsored ADR COM 904767704 2,680 62,641 SH   SOLE   62,641 0 0
United Parcel Service -Cl B COM 911312106 4,489 46,096 SH   SOLE   46,096 0 0
United Tech. Corp. COM 913017109 3,096 26,499 SH   SOLE   26,499 0 0
Verizon Communications COM 92343v104 2,179 45,797 SH   SOLE   45,797 0 0
Wal-Mart Stores Inc. COM 931142103 464 6,070 SH   SOLE   6,070 0 0
Wells Fargo and Company COM 949746101 34,959 702,840 SH   SOLE 1 472,140 0 230,700
Winston Pharmaceuticals COM 975657107 0 10,115 SH   SOLE   10,115 0 0
Zimmer Holdings Inc. COM 98956P102 24,515 259,194 SH   SOLE 1 162,394 0 96,800
Cyclone Power Technologies, In COM 23254W104 0 25,000 SH   SOLE   25,000 0 0
E-Kong Group Ltd. COM G2952Q109 1 12,500 SH   SOLE   12,500 0 0
Enviornmental Energy Service COM 29406q101 0 10,000 SH   SOLE   10,000 0 0
Standard & Poor's 400 Mid-Cap COM 78467Y107 278 1,111 SH   SOLE   1,111 0 0
JPMorgan Alerian MLP Index COM 46625h365 219 4,695 SH   SOLE   4,695 0 0
SPDR Series Trust S&P Divi COM 78464A763 208 2,833 SH   SOLE   2,833 0 0