UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: June 30, 1999
Check here if Amendment [ ]; Amendment Number: ___
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: Emerald Advisers, Inc.
Address: 1857 William Penn Way
Suite 203
Lancaster, PA 17601
Form 13F File Number: 28-561A
The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: Scott Lambert Rehr
-------------------
Title: Senior Vice President
---------------------
Phone: 717-396-1116
------------
Signature, Place, and Date of Signing:
/s/Scott Lambert Rehr Lancaster, Pennsylvania August 2, 1999
- --------------------- ----------------------- --------------
Report Type (Check only one.):
[ X ] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.
[ ] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
List of Other Managers Reporting for this Manager:
None.
<PAGE>
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
-----------
Form 13F Information Table Entry Total: 207
-----------
Form 13F Information Table Value Total: $465,523
-----------
(thousands)
List of other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report.
[If there are no entries in this list, state NONE and omit the column headings
and list entries.]
NONE
<PAGE>
<TABLE>
<CAPTION>
PORTVUE-SEC13F.LNP EMERALD ADVISERS PAGE 1
RUN DATE: 07/29/99 2:50 P.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 06/30/99
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
3DFX INTERACTIVE INC COM COM 88553X103 353 22600 SH SOLE 22600 0 0
4 KIDS ENTMT INC COM COM 350865101 9197 518137 SH SOLE 410851 0 107286
A C MOORE ARTS & CRAFTS INC CO COM 00086T103 1826 324595 SH SOLE 239600 0 84995
ABOVENET COMMUNICATIONS INC CO COM 003743101 6537 161915 SH SOLE 116995 0 44920
ADELPHIA COMMUNICATIONS CORPCL COM 006848105 255 4000 SH SOLE 0 0 4000
ALLEN ORGAN CO COM 017753104 1175 32629 SH SOLE 12964 0 19665
AMERISOURCE HEALTH CORP CL A COM 03071P102 1020 40000 SH SOLE 0 0 40000
AMKOR TECHNOLOGY INC COM COM 031652100 4183 408130 SH SOLE 261890 0 146240
ANDRX CORP COM COM 034551101 577 7480 SH SOLE 7480 0 0
ANSOFT CORP COM COM 036384105 1799 221400 SH SOLE 124600 0 96800
APPLE COMPUTER INC COM 037833100 278 6000 SH SOLE 6000 0 0
APPLIED MICRO CIRCUITS CORP CD COM 03822W109 1282 15585 SH SOLE 15550 0 35
ARNOLD INDS INC COM COM 042595108 1287 83400 SH SOLE 52900 0 30500
ARTHROCARE CORP COM COM 043136100 966 47100 SH SOLE 37100 0 10000
ASHTON TECHNOLOGY GROUP INC CO COM 045084100 4004 320285 SH SOLE 252925 0 67360
ASSOCIATED GROUP INC CL A COM 045651106 8720 133900 SH SOLE 85800 0 48100
ATLANTIC BK & TR CO BSTN MA CO COM 04822G102 1056 59490 SH SOLE 49690 0 9800
ATLANTIC COAST AIRLS HLDGS ICO COM 048396105 249 13130 SH SOLE 13020 0 110
BANKFIRST CORP COM COM 066442104 93 10000 SH SOLE 10000 0 0
BANKNORTH GROUP INC DEL COM COM 06646L100 248 7500 SH SOLE 7500 0 0
BEL FUSE INC CL A COM 077347201 1782 63660 SH SOLE 50720 0 12940
BERGER HLDGS LTD COM NEW COM 084037407 1194 389950 SH SOLE 305825 0 84125
BIOMATRIX INC COM COM 09060P102 1292 59900 SH SOLE 49500 0 10400
BOYDS COLLECTION LTD COM 103354106 1991 115000 SH SOLE 60000 0 55000
BRANDYWINE RLTY TR SH BEN INT COM 105368203 4702 237310 SH SOLE 161880 0 75430
BROADVISION INC COM COM 111412102 1788 24250 SH SOLE 21360 0 2890
BROOKLINE BANCORP INC COM COM 113739106 116 10000 SH SOLE 10000 0 0
BROOKSTONE INC COM COM 114537103 3104 200250 SH SOLE 150750 0 49500
BT FINANCIAL CORP COM COM 055763106 2677 109118 SH SOLE 72985 0 36133
BUCKEYE PARTNERS L P COM 118230101 908 33000 SH SOLE 0 0 33000
BUCKLE INC COM COM 118440106 5099 177355 SH SOLE 147320 0 30035
C COR ELECTRS INC COM COM 125010108 7747 277905 SH SOLE 188905 0 89000
CAMBRIDGE TECH PTNRS MA INC CO COM 132524109 2817 160415 SH SOLE 133310 0 27105
CCB FINL CORP COM COM 124875105 212 4000 SH SOLE 4000 0 0
CELGENE CORP COM COM 151020104 5740 326843 SH SOLE 262395 0 64448
CENTOCOR INC COM COM 152342101 933 20000 SH SOLE 0 0 20000
CEPHALON INC COM COM 156708109 261 15000 SH SOLE 0 0 15000
CHARMING SHOPPES INC COM COM 161133103 2615 429200 SH SOLE 298200 0 131000
CHICOS FAS INC COM COM 168615102 2289 97420 SH SOLE 88490 0 8930
CHROMAVISION MED SYS INC COM COM 17111P104 4120 417250 SH SOLE 326730 0 90520
CISCO SYS INC COM COM 17275R102 452 7000 SH SOLE 7000 0 0
CLARUS CORP DEL COM COM 182707109 183 36500 SH SOLE 36500 0 0
CNF TRANSN INC COM COM 12612W104 398 10325 SH SOLE 10270 0 55
COLLAGENEX PHARMACEUTCLS INCCO COM 19419B100 1001 100100 SH SOLE 69500 0 30600
COM21 INC COM COM 205937105 720 42170 SH SOLE 42050 0 120
COMCAST CORP CL A SPL COM 200300200 1578 41050 SH SOLE 21050 0 20000
COMMERCE BANCORP INC N J COM COM 200519106 1789 41846 SH SOLE 33892 0 7954
COMPLETE BUSINESS SLTNSINC COM COM 20452F107 1488 82940 SH SOLE 74730 0 8210
CONCENTRIC NETWORK CORP DEL CO COM 20589R107 8323 209390 SH SOLE 149840 0 59550
CORECARE SYS INC COM COM 218908101 124 360000 SH SOLE 164000 0 196000
COULTER PHARMACEUTICAL INC COM COM 222116105 2343 103840 SH SOLE 83840 0 20000
<PAGE>
PORTVUE-SEC13F.LNP EMERALD ADVISERS PAGE 2
RUN DATE: 07/29/99 2:50 P.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 06/30/99
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
CREATIVE MASTER INTL INC COM COM 22528Y201 835 163000 SH SOLE 134500 0 28500
CROWN AMERICAN RLTY TR COM COM 228186102 2998 410045 SH SOLE 261045 0 149000
CSG SYS INTL INC COM COM 126349109 1397 53356 SH SOLE 40131 0 13225
CUSTOMTRACKS CORP COM COM 232046102 2741 49005 SH SOLE 35905 0 13100
CV THERAPEUTICS INC COM COM 126667104 179 32630 SH SOLE 32630 0 0
CYTRX CORP COM NEW COM 232828301 604 301964 SH SOLE 264434 0 37530
C&D TECHNOLOGIES INC COM COM 124661109 8804 287478 SH SOLE 183678 0 103800
D & E COMMUNICATIONS INC COM COM 232860106 400 18510 SH SOLE 6955 0 11555
DAVID'S BRIDAL INC COM 238576102 971 62400 SH SOLE 28400 0 34000
DIAMOND TECHNOLGY PRTNRS INCCL COM 252762109 5487 245240 SH SOLE 199620 0 45620
DIGITAL RIV INC COM COM 25388B104 390 11715 SH SOLE 11615 0 100
DII GROUP INC COM COM 232949107 3194 85600 SH SOLE 65600 0 20000
DOCUCORP INC COM COM 255911109 642 155700 SH SOLE 127830 0 27870
DONEGAL GROUP INC J COM COM 257701102 3812 335140 SH SOLE 194964 0 140176
DOVER DOWNS ENTMT INC COM COM 260086103 416 23500 SH SOLE 13500 0 10000
DROVERS BANCSHARES CORP PA COM COM 262120108 425 18666 SH SOLE 11025 0 7641
EARTHWEB INC COM COM 27032C108 364 9765 SH SOLE 9765 0 0
EDIFY CORP COM COM 280599101 986 73730 SH SOLE 59985 0 13745
EDUCATION MGMT CORP COM COM 28139T101 919 44300 SH SOLE 27100 0 17200
ELECTRONICS BOUTIQUE HLDGS CCO COM 286045109 7949 557800 SH SOLE 388055 0 169745
EMISPHERE TECHNOLOGIES INC COM COM 291345106 1280 181250 SH SOLE 139905 0 41345
ENTERCOM COMMUNICATIONS CORP COM 293639100 363 8500 SH SOLE 0 0 8500
ENVIRONMENTAL TECTONICS CORPCO COM 294092101 5886 619610 SH SOLE 421750 0 197860
ERIE INDTY CO CL A COM 29530P102 547 19203 SH SOLE 0 0 19203
EXODUS COMMUNICATIONS INC COM COM 302088109 2044 17040 SH SOLE 14040 0 3000
FCNB CORP COM COM 302920103 306 14000 SH SOLE 14000 0 0
FEDERATED INVS INC PA CL B COM 314211103 323 18000 SH SOLE 18000 0 0
FINET.COM COM PAR $0.01 COM 317922300 722 129780 SH SOLE 108590 0 21190
FIRST CHARTER CORP COM COM 319439105 272 11000 SH SOLE 11000 0 0
FIRST COLONIAL GROUP INC COM COM 319734109 2219 94446 SH SOLE 47954 0 46492
FIRST SIERRA FINL INC COM COM 335944104 1167 46685 SH SOLE 46005 0 680
FIRST WESTN BANCORP INC COM COM 337505101 201 6000 SH SOLE 6000 0 0
FLASHNET COMMUNICATIONS INC CO COM 338527104 1139 38700 SH SOLE 30700 0 8000
FULTON FINL CORP PA COM COM 360271100 1882 90992 SH SOLE 90460 0 532
GENESYS TLCM LABRTS INC COM COM 371931106 1450 58000 SH SOLE 48000 0 10000
GLATFELTER P H CO COM COM 377316104 1726 118000 SH SOLE 50000 0 68000
GREATER BAY BANCORP COM COM 391648102 347 10425 SH SOLE 10425 0 0
HADCO CORP COM COM 404681108 815 20500 SH SOLE 20500 0 0
HARKEN ENERGY CORP COM COM 412552101 222 136660 SH SOLE 91660 0 45000
HERLEY INDS COM 427398102 4195 321170 SH SOLE 210770 0 110400
HERLEY INDS INC WT EXP 01-11-9 WARRANT AND RIGH 427398110 16 20000 SH SOLE 10000 0 10000
HEWLETT PACKARD CO COM COM 428236103 211 2100 SH SOLE 2100 0 0
HOT TOPIC INC COM COM 441339108 2775 102785 SH SOLE 81510 0 21275
HUDSON UTD BANCORP COM COM 444165104 304 9685 SH SOLE 9600 0 85
HYPERION TELECOMMUNICATIONS CL COM 44914K306 3842 204200 SH SOLE 110200 0 94000
IGEN INTL INC DEL COM COM 449536101 8461 290520 SH SOLE 213400 0 77120
INFOSEEK CORP COM COM 45678M107 850 17730 SH SOLE 15385 0 2345
INFOSPACE COM INC COM COM 45678T102 1223 26015 SH SOLE 25575 0 440
INTERDIGITAL COMMUNICATION COM COM 45866A105 174 38600 SH SOLE 5000 0 33600
INTRAWARE INC COM COM 46118M103 705 29365 SH SOLE 25420 0 3945
JAVELIN SYS INC COM COM 471896100 893 72900 SH SOLE 52900 0 20000
<PAGE>
PORTVUE-SEC13F.LNP EMERALD ADVISERS PAGE 3
RUN DATE: 07/29/99 2:50 P.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 06/30/99
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
JEFFBANKS INC COM COM 472317106 8671 304905 SH SOLE 219902 0 85003
JLG INDS INC COM COM 466210101 6851 336250 SH SOLE 232150 0 104100
JPM CO COM COM 465933109 1902 146300 SH SOLE 75100 0 71200
KING PHARMACEUTICALS INC COM COM 495582108 2512 97065 SH SOLE 65395 0 31670
KULICKE & SOFFA INDS INC COM COM 501242101 833 31060 SH SOLE 10060 0 21000
LANDS END INC COM COM 515086106 1174 24400 SH SOLE 16400 0 8000
LASER VISION CTRS INC COM COM 51807H100 12717 201860 SH SOLE 146920 0 54940
LIBERTY PPTY TR SH BEN INT COM 531172104 5338 214585 SH SOLE 142115 0 72470
MAGAININ PHARMACEUTICALS INCCO COM 559036108 203 79400 SH SOLE 0 0 79400
MAIN STR BANCORP INC COM COM 559906102 3063 211249 SH SOLE 136766 0 74483
MARLTON TECHNOLOGIES INC COM COM 571263102 198 52700 SH SOLE 24200 0 28500
MASTECH CORP COM COM 57632N105 8462 454340 SH SOLE 320730 0 133610
MATTHEWS INTL CORP CL A COM 577128101 1649 55670 SH SOLE 38230 0 17440
MEDIA ARTS GROUP INC COM COM 58439C102 1194 272925 SH SOLE 174595 0 98330
MEDICAL TECHN & INNOV INC COM COM 58462M100 271 1807789 SH SOLE 1510789 0 297000
MERCANTILE BANKSHARES CORP COM COM 587405101 425 12000 SH SOLE 12000 0 0
MERCURY INTERACTIVE CORP COM COM 589405109 262 7400 SH SOLE 7400 0 0
MESABA HLDGS INC COM COM 59066B102 326 25540 SH SOLE 25420 0 120
MET PRO CORP COM COM 590876306 5388 431028 SH SOLE 262613 0 168415
METAMOR WORLDWIDE INC COM COM 59133P100 1774 73715 SH SOLE 64330 0 9385
MICROLEAGUE MULTIMEDIA INC WT WARRANT AND RIGH 59507T118 0 22000 SH SOLE 2000 0 20000
MULTEX SYS INC COM COM 625367107 468 17905 SH SOLE 17795 0 110
NEOMAGIC CORP COM COM 640497103 418 49690 SH SOLE 49690 0 0
NEOSE TECHNOLOGIES INC COM COM 640522108 5016 492340 SH SOLE 341065 0 151275
NETBANK INC COM COM 640933107 4669 122880 SH SOLE 106585 0 16295
NOVELL INC COM COM 670006105 212 8000 SH SOLE 8000 0 0
OM GROUP INC COM COM 670872100 4468 129500 SH SOLE 85200 0 44300
ONEMAIN COM INC COM COM 68267P109 3481 147350 SH SOLE 103300 0 44050
OROAMERICA INC COM COM 687027102 1419 202685 SH SOLE 145825 0 56860
OSTEOTECH INC COM COM 688582105 207 7200 SH SOLE 7200 0 0
PACIFIC INTERNET LTD ORD COM Y66183107 1510 31875 SH SOLE 27545 0 4330
PACIFIC SUNWEAR CALIF INC COM COM 694873100 4436 182000 SH SOLE 147350 0 34650
PAUL HARRIS STORES INC COM NEW COM 703555201 1233 180975 SH SOLE 155095 0 25880
PENN TREATY AMERN CORP COM COM 707874103 6585 273645 SH SOLE 184395 0 89250
PENN-AMER GROUP INC COM COM 707247102 3781 364400 SH SOLE 225000 0 139400
PHARMAPRINT INC COM COM 716950100 732 146340 SH SOLE 101340 0 45000
PHILADELPHIA CONS HLDG CORP CO COM 717528103 1056 43100 SH SOLE 12100 0 31000
PHILADELPHIA SUBN CORP COM PAR COM 718009608 5960 258408 SH SOLE 168710 0 89698
PIER 1 IMPORTS INC SHS BEN INT COM 720279108 1054 93660 SH SOLE 75550 0 18110
PIERCE LEAHY CORP COM COM 720722107 247 10000 SH SOLE 0 0 10000
PIERCING PAGODA INC COM COM 720773100 6104 483501 SH SOLE 315816 0 167685
PINNACLE HLDGS INC COM COM 72346N101 1666 68000 SH SOLE 51000 0 17000
PJ AMER INC COM COM 72585Q104 1228 57940 SH SOLE 45540 0 12400
PNC FINANCIAL CORP COM 693475105 239 4150 SH SOLE 4150 0 0
PRIME BANCORP INC COM COM 741914105 6990 253031 SH SOLE 170575 0 82456
PROGRESS FINL CORP COM COM 743266108 6068 414900 SH SOLE 301025 0 113875
PROPHET 21 INC COM COM 743459109 334 46100 SH SOLE 12500 0 33600
PROVIDENT AMERICAN CORP COM COM 743832107 4704 168770 SH SOLE 135680 0 33090
PROXICOM INC COM 744282104 295 11500 SH SOLE 11500 0 0
PSB BANCORP INC COM COM 693604100 493 80500 SH SOLE 15500 0 65000
PSINET INC COM COM 74437C101 1509 34480 SH SOLE 30095 0 4385
<PAGE>
PORTVUE-SEC13F.LNP EMERALD ADVISERS PAGE 4
RUN DATE: 07/29/99 2:50 P.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 06/30/99
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
QUIXOTE CORP COM COM 749056107 192 15760 SH SOLE 10110 0 5650
RCM TECHNOLOGIES INC COM NEW COM 749360400 565 42605 SH SOLE 35005 0 7600
REGIONS FINL CORP COM COM 758940100 231 6000 SH SOLE 6000 0 0
REPUBLIC FIRST BANCORP INC COM COM 760416107 364 45505 SH SOLE 39305 0 6200
RESOURCE AMER INC CL A COM 761195205 299 20610 SH SOLE 110 0 20500
RESOURCE ASSET INVT TR COM COM 761196104 4629 366665 SH SOLE 238900 0 127765
RIGHT MGMT CONSULTANTS INC COM COM 766573109 1892 122050 SH SOLE 79550 0 42500
RITE AID CORP COM COM 767754104 446 18100 SH SOLE 1100 0 17000
ROYAL BANCSHARES PA INC CL A COM 780081105 1685 103722 SH SOLE 81497 0 22225
S & T BANCORP INC COM COM 783859101 354 14000 SH SOLE 14000 0 0
SAFEGUARD SCIENTIFICS INC COM COM 786449108 10064 159750 SH SOLE 108245 0 51505
SANCHEZ COMPUTER ASSOCS INC CO COM 799702105 22659 654410 SH SOLE 448340 0 206070
SANGSTAT MED CORP COM COM 801003104 474 27450 SH SOLE 20225 0 7225
SEACHANGE INTL INC COM COM 811699107 536 29545 SH SOLE 29545 0 0
SECURITY FIRST TECHNOLOGIES CO COM 814279105 1582 35065 SH SOLE 30555 0 4510
SEGUE SOFTWARE INC COM COM 815807102 78 10700 SH SOLE 10700 0 0
SEI INVTS CO COM COM 784117103 2274 25770 SH SOLE 16380 0 9390
SI HANDLING SYS INC COM COM 784255101 6735 641412 SH SOLE 409240 0 232172
SILICON VY BANCSHARES COM COM 827064106 975 39405 SH SOLE 39405 0 0
SOUTHWEST SECS GROUP INC COM COM 845224104 571 7985 SH SOLE 7920 0 65
SOVEREIGN BANCORP INC COM COM 845905108 1982 163474 SH SOLE 68056 0 95418
SPORTSLINE USA INC COM COM 848934105 1957 54540 SH SOLE 47930 0 6610
SPS TECHNOLOGIES INC COM COM 784626103 2724 72640 SH SOLE 46210 0 26430
SUN BANCORP INC COM COM 866634108 2402 99568 SH SOLE 61216 0 38352
SUN BANCORP INC N J COM COM 86663B102 957 54685 SH SOLE 54414 0 271
SUNGARD DATA SYS INC COM COM 867363103 4475 129715 SH SOLE 72600 0 57115
SUSQUEHANNA BANCSHARES INC COM COM 869099101 980 55379 SH SOLE 13684 0 41695
SYSTEMS & COMPUTER TECH CORPCO COM 871873105 633 43440 SH SOLE 7240 0 36200
TANGRAM ENTERPRISE SOLUTIONSCO COM 875924102 900 306413 SH SOLE 239325 0 67088
TAVA TECHNOLOGIES INC COM COM 872169107 111 14500 SH SOLE 14500 0 0
TB WOODS CORP COM COM 872226105 300 28100 SH SOLE 10600 0 17500
TECHNITROL INC COM COM 878555101 590 18291 SH SOLE 14391 0 3900
TELEFLEX INC COM COM 879369106 4820 110955 SH SOLE 69585 0 41370
TITAN CORP COM COM 888266103 110 10000 SH SOLE 10000 0 0
TOOTSIE ROLL INDS INC COM COM 890516107 1758 45510 SH SOLE 31112 0 14398
TOWNE SVCS INC COM COM 892148107 1051 133435 SH SOLE 113435 0 20000
TRANSWITCH CORP COM COM 894065101 3439 72600 SH SOLE 55200 0 17400
TRIQUINT SEMICONDUCTOR INC COM COM 89674K103 1464 38642 SH SOLE 38567 0 75
TRIUMPH GROUP INC NEW COM COM 896818101 1571 61600 SH SOLE 28350 0 33250
TURBOCHEF INC COM COM 900006107 1276 132570 SH SOLE 121925 0 10645
UNISYS CORP COM 909214108 431 11066 SH SOLE 11066 0 0
URBAN OUTFITTERS INC COM COM 917047102 553 22000 SH SOLE 9000 0 13000
VALUEVISION INTL INC CL A COM 92047K107 2369 119195 SH SOLE 107060 0 12135
VERIO INC COM 923433106 3192 45935 SH SOLE 40525 0 5410
VERTICALNET INC OC-COM COM 92532L107 3927 37400 SH SOLE 28325 0 9075
VIGNETTE CORP COM COM 926734104 563 7510 SH SOLE 5340 0 2170
VIROPHARMA INC COM COM 928241108 838 109000 SH SOLE 31700 0 77300
VISHAY INTERTECHNOLOGY INC COM COM 928298108 7620 362875 SH SOLE 211000 0 151875
VITESSE SEMICONDUCTOR CORP COM COM 928497106 6497 96340 SH SOLE 80045 0 16295
WET SEAL INC CL A COM 961840105 1480 51690 SH SOLE 46815 0 4875
WORLDGATE COMMUNICATIONS INC COM 98156L307 2431 47430 SH SOLE 36615 0 10815
<PAGE>
PORTVUE-SEC13F.LNP EMERALD ADVISERS PAGE 5
RUN DATE: 07/29/99 2:50 P.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 06/30/99
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
YARDVILLE NATL BANCORP COM COM 985021104 291 23265 SH SOLE 23265 0 0
YORK FINL CORP COM COM 986630101 295 20173 SH SOLE 0 0 20173
YOUBET COM INC COM COM 987413101 172 15000 SH SOLE 15000 0 0
</TABLE>
LINE COUNT: 207
FORM 13F INFORMATION TABLE VALUE TOTAL: $465,523
