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

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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 2,516 17,565 SH   SOLE   17,565 0 0
AFLAC, Inc. COM 001055102 242 3,895 SH   SOLE   3,895 0 0
AT&T Inc. COM 00206r102 2,250 63,638 SH   SOLE   63,638 0 0
Air Products and Chemicals, In COM 009158106 1,686 13,112 SH   SOLE   13,112 0 0
American Express Co. COM 025816109 16,277 171,570 SH   SOLE 1 123,970 0 47,600
Amper SA madrid ORD F COM e04600198 146 155,304 SH   SOLE   155,304 0 0
Apache COM 037411105 1,257 12,493 SH   SOLE   12,493 0 0
Apple Computer COM 037833100 349 3,755 SH   SOLE   3,755 0 0
BB&T Corporation COM 054937107 27,034 685,627 SH   SOLE 1 454,627 0 231,000
Berkshire Hathaway - Class B COM 084670702 234 1,850 SH   SOLE   1,850 0 0
CVS Caremark Corp. COM 126650100 20,523 272,294 SH   SOLE 1 185,794 0 86,500
Capital One Financial Corp. COM 14040h105 24,805 300,305 SH   SOLE 1 186,505 0 113,800
Caterpillar Inc. COM 149123101 20,133 185,263 SH   SOLE 1 115,563 0 69,700
Chevron Corp. COM 166764100 26,020 199,308 SH   SOLE 1 133,958 0 65,350
Cisco Systems Inc COM 17275R102 24,616 990,569 SH   SOLE 1 628,869 0 361,700
Coca-Cola Co. COM 191216100 17,544 414,171 SH   SOLE 1 290,571 0 123,600
Comcast Corp. - Special Class COM 20030N200 3,888 72,905 SH   SOLE   72,905 0 0
Compugen Ltd COM M25722105 737 82,000 SH   SOLE   82,000 0 0
ConocoPhillips COM 20825c104 24,606 287,013 SH   SOLE 1 189,413 0 97,600
Consolidated Edison, Inc. COM 209115104 2,820 48,847 SH   SOLE   48,847 0 0
Devon Energy Co. COM 25179m103 27,024 340,347 SH   SOLE 1 206,647 0 133,700
Duke Energy Corporation COM 26441c204 2,943 39,667 SH   SOLE   39,667 0 0
E.I. duPont de Nemours & Co. COM 263534109 22,283 340,513 SH   SOLE 1 231,913 0 108,600
Eaton Corp. PLC F COM G29183103 26,882 348,302 SH   SOLE 1 231,402 0 116,900
Exxon Mobil Corporation COM 30231g102 5,320 52,839 SH   SOLE   52,839 0 0
General Electric Co. COM 369604103 4,997 190,138 SH   SOLE   190,138 0 0
General Mills COM 370334104 2,693 51,251 SH   SOLE   51,251 0 0
Gilead Sciences Inc. COM 375558103 3,553 42,856 SH   SOLE 1 28,956 0 13,900
Hewlett-Packard Co. COM 428236103 16,495 489,756 SH   SOLE 1 262,956 0 226,800
Hologic Inc. COM 436440101 23,478 926,138 SH   SOLE 1 532,638 0 393,500
International Business Machine COM 459200101 4,108 22,665 SH   SOLE   22,665 0 0
Itracker System, Inc. COM 46573A107 0 110,000 SH   SOLE   110,000 0 0
J. P. Morgan Chase & Co. COM 46625H100 34,471 598,242 SH   SOLE 1 411,342 0 186,900
Johnson & Johnson COM 478160104 29,201 279,115 SH   SOLE 1 195,315 0 83,800
Johnson Controls Inc. COM 478366107 18,455 369,612 SH   SOLE 1 219,112 0 150,500
Kellogg Company COM 487836108 1,197 18,226 SH   SOLE   18,226 0 0
Kimberly-Clark Corp. COM 494368103 2,864 25,751 SH   SOLE   25,751 0 0
McDonald's Corp. COM 580135101 21,039 208,840 SH   SOLE 1 139,740 0 69,100
Merck & Co., Inc. COM 58933Y105 3,894 67,308 SH   SOLE   67,308 0 0
MetLife Inc. COM 59156r108 29,127 524,243 SH   SOLE 1 336,543 0 187,700
Microsoft Corporation COM 594918104 27,913 669,371 SH   SOLE 1 433,071 0 236,300
Morgan Stanley COM 617446448 22,594 698,844 SH   SOLE 1 491,044 0 207,800
Occidental Petroleum COM 674599105 27,282 265,827 SH   SOLE 1 169,927 0 95,900
Oracle Corp. COM 68389X105 1,816 44,810 SH   SOLE   44,810 0 0
Pepsico, Inc. COM 713448108 18,962 212,243 SH   SOLE 1 142,243 0 70,000
Pfizer Inc. COM 717081103 3,098 104,394 SH   SOLE   104,394 0 0
Procter & Gamble Co. COM 742718109 26,353 335,325 SH   SOLE 1 227,625 0 107,700
Psivida Corp COM 74440J101 104 24,000 SH   SOLE   24,000 0 0
Qualcomm COM 747525103 24,606 310,680 SH   SOLE 1 193,780 0 116,900
Royal Dutch Shell PLC CL B COM 780259107 3,971 45,642 SH   SOLE   45,642 0 0
Schlumberger Ltd. COM 806857108 32,522 275,730 SH   SOLE 1 181,430 0 94,300
Schwab (Charles) Corp COM 808513105 11,078 411,358 SH   SOLE 1 244,358 0 167,000
Senesco Technologies Inc COM 817208507 56 20,000 SH   SOLE   20,000 0 0
Sorrento Therapeutics COM 83587F202 156 23,128 SH   SOLE   23,128 0 0
Southern Co. COM 842587107 1,640 36,131 SH   SOLE   36,131 0 0
Southwestern Energy Company COM 845467109 1,843 40,505 SH   SOLE   40,505 0 0
State Street Corp. COM 857477103 22,114 328,784 SH   SOLE 1 195,384 0 133,400
Symantec Corp. COM 871503108 5,290 230,995 SH   SOLE 1 136,495 0 94,500
TE Connectivity Ltd. COM H84989104 23,668 382,734 SH   SOLE 1 231,934 0 150,800
Target Corp COM 87612e106 3,982 68,718 SH   SOLE   68,718 0 0
Teradata Corp. COM 88076w103 4,889 121,607 SH   SOLE 1 58,407 0 63,200
Teva Pharma Inds ADR COM 881624209 19,142 365,172 SH   SOLE 1 214,272 0 150,900
Thermo Fisher Scientific COM 883556102 20,398 172,867 SH   SOLE 1 116,067 0 56,800
Tiger X Medical Inc. COM 88677A104 24 226,071 SH   SOLE   226,071 0 0
Time Warner Inc COM 887317303 3,702 52,696 SH   SOLE   52,696 0 0
Trunity Holdings, Inc. COM 898183108 14 71,429 SH   SOLE   71,429 0 0
Unilever PLC - Sponsored ADR COM 904767704 2,413 53,260 SH   SOLE   53,260 0 0
United Parcel Service -Cl B COM 911312106 4,061 39,562 SH   SOLE   39,562 0 0
United Tech. Corp. COM 913017109 3,048 26,399 SH   SOLE   26,399 0 0
Verizon Communications COM 92343v104 3,214 65,677 SH   SOLE   65,677 0 0
Wal-Mart Stores Inc. COM 931142103 456 6,070 SH   SOLE   6,070 0 0
Wells Fargo and Company COM 949746101 34,582 657,948 SH   SOLE 1 451,948 0 206,000
Winston Pharmaceuticals COM 975657107 0 10,115 SH   SOLE   10,115 0 0
Zimmer Holdings Inc. COM 98956P102 25,707 247,514 SH   SOLE 1 156,814 0 90,700
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 319 1,223 SH   SOLE   1,223 0 0
CurrencyShares Swiss Franc Tru COM 23129V109 220 2,000 SH   SOLE   2,000 0 0
JPMorgan Alerian MLP Index COM 46625h365 246 4,695 SH   SOLE   4,695 0 0