UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: September 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:
Scott Lambert Rehr Lancaster, Pennsylvania November 11, 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
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Form 13F Information Table Entry Total: 206
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Form 13F Information Table Value Total: $526,699
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(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: 11/10/99 3:16 P.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 09/30/99
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>
4 KIDS ENTMT INC COM COM 350865101 21901 700839 SH SOLE 534972 0 165867
8X8 INC COM COM 282912104 602 125100 SH SOLE 125100 0 0
A C MOORE ARTS & CRAFTS INC CO COM 00086T103 969 218450 SH SOLE 180125 0 38325
ADELPHIA COMMUNICATIONS CORPCL COM 006848105 235 4000 SH SOLE 0 0 4000
AERIAL COMMUNICATIONS INC COM COM 007655103 934 34428 SH SOLE 26348 0 8080
AIRONET WIRELESS COMMUNICATICO COM 00943A107 315 15000 SH SOLE 15000 0 0
ALLEN ORGAN CO COM 017753104 849 22329 SH SOLE 9864 0 12465
AMERICAN EAGLE OUTFITTERS INC. COM 02553E106 438 9044 SH SOLE 344 0 8700
AMERISOURCE HEALTH CORP CL A COM 03071P102 948 40000 SH SOLE 0 0 40000
AMKOR TECHNOLOGY INC COM COM 031652100 5593 346870 SH SOLE 239525 0 107345
ANSOFT CORP COM COM 036384105 1634 198100 SH SOLE 104300 0 93800
ANSYS INC COM COM 03662Q105 217 22000 SH SOLE 0 0 22000
APPLE COMPUTER INC COM 037833100 380 6000 SH SOLE 6000 0 0
APPLIED MICRO CIRCUITS CORP CD COM 03822W109 5199 91216 SH SOLE 85146 0 6070
APPLIEDTHEORY CORP COM COM 03828R104 3501 294830 SH SOLE 277715 0 17115
ARNOLD INDS INC COM COM 042595108 1119 88600 SH SOLE 58100 0 30500
ARTHROCARE CORP COM COM 043136100 2731 50000 SH SOLE 40000 0 10000
ASHTON TECHNOLOGY GROUP INC CO COM 045084100 933 124350 SH SOLE 77950 0 46400
ASSOCIATED GROUP INC CL A COM 045651106 1277 21100 SH SOLE 0 0 21100
ATLANTIC COAST AIRLS HLDGS ICO COM 048396105 545 30682 SH SOLE 28062 0 2620
BANKFIRST CORP COM COM 066442104 95 10000 SH SOLE 10000 0 0
BANKNORTH GROUP INC DEL COM COM 06646L100 224 7500 SH SOLE 7500 0 0
BEL FUSE INC CL A COM 077347201 1617 46860 SH SOLE 38920 0 7940
BERGER HLDGS LTD COM NEW COM 084037407 1390 505415 SH SOLE 392480 0 112935
BLUESTONE SOFTWARE COM 09623P102 5704 246655 SH SOLE 219770 0 26885
BOYDS COLLECTION LTD COM 103354106 674 55000 SH SOLE 0 0 55000
BRANDYWINE RLTY TR SH BEN INT COM 105368203 2018 124170 SH SOLE 57590 0 66580
BROADVISION INC COM COM 111412102 3816 86028 SH SOLE 74868 0 11160
BROOKLINE BANCORP INC COM COM 113739106 102 10000 SH SOLE 10000 0 0
BROOKSTONE INC COM COM 114537103 3007 203850 SH SOLE 165850 0 38000
BT FINANCIAL CORP COM COM 055763106 2341 97033 SH SOLE 65900 0 31133
BUCKEYE PARTNERS L P COM 118230101 891 33000 SH SOLE 0 0 33000
BUCKLE INC COM COM 118440106 2702 156635 SH SOLE 150835 0 5800
BURLINGTON COAT FACTORY WHSECO COM 121579106 606 30700 SH SOLE 30700 0 0
C COR ELECTRS INC COM COM 125010108 9758 321265 SH SOLE 223860 0 97405
CD RADIO INC COM COM 125127100 1125 44116 SH SOLE 35886 0 8230
CELGENE CORP COM COM 151020104 8567 316555 SH SOLE 255252 0 61303
CEPHALON INC COM COM 156708109 1608 89500 SH SOLE 59500 0 30000
CHARMING SHOPPES INC COM COM 161133103 2823 550800 SH SOLE 372950 0 177850
CHICOS FAS INC COM COM 168615102 3298 121029 SH SOLE 112149 0 8880
CHROMAVISION MED SYS INC COM COM 17111P104 5359 428697 SH SOLE 348232 0 80465
CISCO SYS INC COM COM 17275R102 398 5800 SH SOLE 5800 0 0
CLARENT CORP DEL COM COM 180461105 7300 143322 SH SOLE 107687 0 35635
CLARUS CORP DEL COM COM 182707109 4920 521327 SH SOLE 448232 0 73095
CNF TRANSN INC COM COM 12612W104 239 6425 SH SOLE 6315 0 110
COLLAGENEX PHARMACEUTCLS INCCO COM 19419B100 1489 85100 SH SOLE 69500 0 15600
COMCAST CORP CL A SPL COM 200300200 1549 38850 SH SOLE 18850 0 20000
COMMERCE BANCORP INC N J COM COM 200519106 1903 45864 SH SOLE 37220 0 8644
COMPLETE BUSINESS SLTNSINC COM COM 20452F107 291 21225 SH SOLE 21225 0 0
CORECARE SYS INC COM COM 218908101 56 360000 SH SOLE 164000 0 196000
COULTER PHARMACEUTICAL INC COM COM 222116105 378 27140 SH SOLE 20640 0 6500
<PAGE>
PORTVUE-SEC13F.LNP EMERALD ADVISERS PAGE 2
RUN DATE: 11/10/99 3:16 P.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 09/30/99
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 691 170000 SH SOLE 141500 0 28500
CROWN AMERICAN RLTY TR COM COM 228186102 1577 245030 SH SOLE 155030 0 90000
CSG SYS INTL INC COM COM 126349109 1201 43817 SH SOLE 39687 0 4130
CUSTOMTRACKS CORP COM COM 232046102 2111 71250 SH SOLE 56950 0 14300
CV THERAPEUTICS INC COM COM 126667104 646 44203 SH SOLE 43403 0 800
CYPRESS SEMICONDUCTOR CORP COM COM 232806109 215 10000 SH SOLE 10000 0 0
CYTRX CORP COM NEW COM 232828301 567 216090 SH SOLE 179195 0 36895
C&D TECHNOLOGIES INC COM COM 124661109 10159 279778 SH SOLE 185478 0 94300
D & E COMMUNICATIONS INC COM COM 232860106 361 18510 SH SOLE 6955 0 11555
DAVID'S BRIDAL INC COM 238576102 3497 470195 SH SOLE 344450 0 125745
DIAMOND TECHNOLGY PRTNRS INCCL COM 252762109 11430 382050 SH SOLE 312570 0 69480
DIGITAL RIV INC COM COM 25388B104 660 30345 SH SOLE 27920 0 2425
DII GROUP INC COM COM 232949107 4465 126900 SH SOLE 106900 0 20000
DOCUCORP INC COM COM 255911109 685 107380 SH SOLE 107360 0 20
DONEGAL GROUP INC J COM COM 257701102 1829 263592 SH SOLE 147616 0 115976
DROVERS BANCSHARES CORP PA COM COM 262120108 475 20666 SH SOLE 13025 0 7641
EDIFY CORP COM COM 280599101 754 60200 SH SOLE 46410 0 13790
EDUCATION MGMT CORP COM COM 28139T101 975 78800 SH SOLE 44600 0 34200
ELECTRONICS BOUTIQUE HLDGS CCO COM 286045109 12054 468101 SH SOLE 344441 0 123660
EMISPHERE TECHNOLOGIES INC COM COM 291345106 1995 136424 SH SOLE 122689 0 13735
ENTERCOM COMMUNICATIONS CORP COM 293639100 1771 49200 SH SOLE 26400 0 22800
ENVIRONMENTAL TECTONICS CORPCO COM 294092101 6482 652270 SH SOLE 454910 0 197360
ERIE INDTY CO CL A COM 29530P102 632 19203 SH SOLE 0 0 19203
EXODUS COMMUNICATIONS INC COM COM 302088109 300 4160 SH SOLE 4160 0 0
FCNB CORP COM COM 302920103 260 14000 SH SOLE 14000 0 0
FEDERATED INVS INC PA CL B COM 314211103 1362 78962 SH SOLE 60872 0 18090
FIRST CHARTER CORP COM COM 319439105 193 11000 SH SOLE 11000 0 0
FIRST COLONIAL GROUP INC COM COM 319734109 1706 92230 SH SOLE 45896 0 46334
FIRST SIERRA FINL INC COM COM 335944104 1141 106782 SH SOLE 90552 0 16230
FOUNDRY NETWORKS INC COMMON COM 35036R104 390 3000 SH SOLE 3000 0 0
FRONTIER AIRLS INC NEW COM COM 359065109 172 18072 SH SOLE 16562 0 1510
FULTON FINL CORP PA COM COM 360271100 1749 93301 SH SOLE 90486 0 2815
GALILEO TECHNOLOGY LTD COM COM M47298100 249 9955 SH SOLE 9370 0 585
GLATFELTER P H CO COM COM 377316104 1940 118000 SH SOLE 50000 0 68000
GREATER BAY BANCORP COM COM 391648102 719 21225 SH SOLE 20285 0 940
HADCO CORP COM COM 404681108 1298 30000 SH SOLE 30000 0 0
HAIN FOOD GROUP INC COM COM 405219106 1365 55165 SH SOLE 45125 0 10040
HAMILTON BANCORP INC FLA COM COM 407013101 1399 65815 SH SOLE 63285 0 2530
HARLEYSVILLE NATL CORP PA COM COM 412850109 417 12075 SH SOLE 8925 0 3150
HERLEY INDS COM 427398102 4790 336170 SH SOLE 225770 0 110400
HERLEY INDS INC WT EXP 01-11-9 WARRANT AND RIGH 427398110 14 20000 SH SOLE 10000 0 10000
HOT TOPIC INC COM COM 441339108 3094 113530 SH SOLE 94755 0 18775
HUDSON CITY BANCORP COM 443683107 481 35000 SH SOLE 35000 0 0
HUDSON UTD BANCORP COM COM 444165104 414 13449 SH SOLE 12269 0 1180
HUMAN GENOME SCIENCES INC COM COM 444903108 2143 29062 SH SOLE 24772 0 4290
HYPERION TELECOMMUNICATIONS CL COM 44914K306 8053 324537 SH SOLE 217167 0 107370
IGEN INTL INC DEL COM COM 449536101 6664 267215 SH SOLE 197045 0 70170
INFONAUTICS CORP CL A COM 456662105 5315 924340 SH SOLE 711765 0 212575
INFOSPACE COM INC COM COM 45678T102 3063 74473 SH SOLE 68118 0 6355
INTERDIGITAL COMMUNICATION COM COM 45866A105 179 32600 SH SOLE 0 0 32600
INTERNET CAPITAL GROUP INC COM COM 46059C106 23623 268820 SH SOLE 199509 0 69311
<PAGE>
PORTVUE-SEC13F.LNP EMERALD ADVISERS PAGE 3
RUN DATE: 11/10/99 3:16 P.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 09/30/99
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- ----
JAKKS PAC INC COM COM 47012E106 804 32174 SH SOLE 29796 0 2378
JEFFBANKS INC COM COM 472317106 8224 284826 SH SOLE 213604 0 71222
JLG INDS INC COM COM 466210101 4391 289145 SH SOLE 185145 0 104000
KENSEY NASH CORP COM COM 490057106 1138 72800 SH SOLE 44200 0 28600
KEYNOTE SYSTEMS INC COM 493308100 5933 237320 SH SOLE 221930 0 15390
KING PHARMACEUTICALS INC COM COM 495582108 2396 68450 SH SOLE 51035 0 17415
KOPIN CORP COM COM 500600101 299 10770 SH SOLE 10110 0 660
KULICKE & SOFFA INDS INC COM COM 501242101 755 31060 SH SOLE 10060 0 21000
LASER VISION CTRS INC COM COM 51807H100 7956 566985 SH SOLE 458950 0 108035
LIBERTY PPTY TR SH BEN INT COM 531172104 5241 230990 SH SOLE 158520 0 72470
MAPQUEST.COM INC COM 565644101 3874 326200 SH SOLE 223650 0 102550
MATTHEWS INTL CORP CL A COM 577128101 809 26840 SH SOLE 17495 0 9345
MEADE INSTRS CORP COM COM 583062104 228 9459 SH SOLE 8969 0 490
MEDIA ARTS GROUP INC COM COM 58439C102 596 134260 SH SOLE 111530 0 22730
MEDICAL TECHN & INNOV INC COM COM 58462M100 181 1807789 SH SOLE 1510789 0 297000
MERCANTILE BANKSHARES CORP COM COM 587405101 371 12000 SH SOLE 12000 0 0
MERCURY INTERACTIVE CORP COM COM 589405109 355 5500 SH SOLE 5500 0 0
MESABA HLDGS INC COM COM 59066B102 1946 165604 SH SOLE 147314 0 18290
MET PRO CORP COM COM 590876306 4180 388808 SH SOLE 225353 0 163455
METROMEDIA FIBER NETWORK INCCL COM 591689104 211 8593 SH SOLE 7982 0 611
MICREL INC COM COM 594793101 473 10900 SH SOLE 10900 0 0
MICROLEAGUE MULTIMEDIA INC WT WARRANT AND RIGH 59507T118 0 22000 SH SOLE 2000 0 20000
MIPS TECHNOLOGIES INC COM COM 604567107 589 18500 SH SOLE 18500 0 0
NEOSE TECHNOLOGIES INC COM COM 640522108 9845 656305 SH SOLE 477445 0 178860
NOVELL INC COM COM 670006105 228 11000 SH SOLE 11000 0 0
OAK HILL FINL INC COM COM 671337103 176 10000 SH SOLE 10000 0 0
OCEANFIRST FINL CORP COM COM 675234108 217 13270 SH SOLE 11660 0 1610
OM GROUP INC COM COM 670872100 5161 134500 SH SOLE 93200 0 41300
ONEMAIN COM INC COM COM 68267P109 1471 89500 SH SOLE 67500 0 22000
PACIFIC SUNWEAR CALIF INC COM COM 694873100 5735 204600 SH SOLE 179950 0 24650
PACKETEER INC COM 695210104 2235 65600 SH SOLE 44800 0 20800
PEGASUS COMMUNICATIONS CORP CL COM 705904100 767 16996 SH SOLE 12826 0 4170
PENN TREATY AMERN CORP COM COM 707874103 5647 270525 SH SOLE 189790 0 80735
PENN-AMER GROUP INC COM COM 707247102 3029 359000 SH SOLE 224600 0 134400
PHARMAPRINT INC COM COM 716950100 514 106900 SH SOLE 76900 0 30000
PHILADELPHIA CONS HLDG CORP CO COM 717528103 649 48100 SH SOLE 17100 0 31000
PHILADELPHIA SUBN CORP COM PAR COM 718009608 6154 261178 SH SOLE 174650 0 86528
PIERCE LEAHY CORP COM COM 720722107 2651 111600 SH SOLE 73600 0 38000
PIERCING PAGODA INC COM COM 720773100 6776 521197 SH SOLE 353527 0 167670
PINNACLE HLDGS INC COM COM 72346N101 1933 74000 SH SOLE 57000 0 17000
PJ AMER INC COM COM 72585Q104 837 40100 SH SOLE 27700 0 12400
PNC FINANCIAL CORP COM 693475105 271 5150 SH SOLE 5150 0 0
POWERTEL INC COM COM 73936C109 1139 20693 SH SOLE 18573 0 2120
PROGRESS FINL CORP COM COM 743266108 5827 443955 SH SOLE 322644 0 121310
PROPHET 21 INC COM COM 743459109 437 46600 SH SOLE 13500 0 33100
PROVIDENT AMERICAN CORP COM COM 743832107 3736 247028 SH SOLE 189438 0 57590
PSB BANCORP INC COM COM 693604100 498 80500 SH SOLE 15500 0 65000
PSINET INC COM COM 74437C101 1549 43063 SH SOLE 37298 0 5765
RAMP NETWORKS INC COM COM 751567108 1646 74817 SH SOLE 69567 0 5250
RAVISENT TECHNOLOGIES INC COM 754440105 2485 172860 SH SOLE 131830 0 41030
REPUBLIC FIRST BANCORP INC COM COM 760416107 932 143435 SH SOLE 117035 0 26400
<PAGE>
PORTVUE-SEC13F.LNP EMERALD ADVISERS PAGE 4
RUN DATE: 11/10/99 3:16
P.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 09/30/99
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- ----
RESOURCE AMER INC CL A COM 761195205 153 20610 SH SOLE 110 0 20500
RESOURCE ASSET INVT TR COM COM 761196104 3941 354290 SH SOLE 230165 0 124125
RIGHT MGMT CONSULTANTS INC COM COM 766573109 767 68200 SH SOLE 45200 0 23000
RITE AID CORP COM COM 767754104 235 17000 SH SOLE 0 0 17000
ROYAL BANCSHARES PA INC CL A COM 780081105 2018 131236 SH SOLE 104697 0 26539
S & T BANCORP INC COM COM 783859101 1713 75300 SH SOLE 58900 0 16400
SAFEGUARD SCIENTIFICS INC COM COM 786449108 12077 177608 SH SOLE 127198 0 50410
SANCHEZ COMPUTER ASSOCS INC CO COM 799702105 12170 346484 SH SOLE 247006 0 99478
SAPIENT CORP COM COM 803062108 236 5000 SH SOLE 5000 0 0
SEACHANGE INTL INC COM COM 811699107 3187 200780 SH SOLE 181140 0 19640
SECURITY FIRST TECHNOLOGIES CO COM 814279105 1281 32960 SH SOLE 27540 0 5420
SEGUE SOFTWARE INC COM COM 815807102 146 10700 SH SOLE 10700 0 0
SEI INVTS CO COM COM 784117103 2444 27370 SH SOLE 17275 0 10095
SI HANDLING SYS INC COM COM 784255101 5849 709030 SH SOLE 470705 0 238325
SILICON STORAGE TECHN INC COM COM 827057100 494 35000 SH SOLE 35000 0 0
SILICON VY BANCSHARES COM COM 827064106 1692 70152 SH SOLE 69442 0 710
SKYWEST INC COM COM 830879102 467 21270 SH SOLE 19170 0 2100
SOVEREIGN BANCORP INC COM COM 845905108 339 37256 SH SOLE 12240 0 25016
SPORTSLINE USA INC COM COM 848934105 2211 74800 SH SOLE 61800 0 13000
STERLING SOFTWARE INC COM COM 859547101 716 35800 SH SOLE 31200 0 4600
SUMMIT BANCORP COM COM 866005101 2434 75042 SH SOLE 63117 0 11925
SUN BANCORP INC COM COM 866634108 2056 88442 SH SOLE 59090 0 29352
SUN BANCORP INC N J COM COM 86663B102 5226 326609 SH SOLE 298302 0 28307
SUNGARD DATA SYS INC COM COM 867363103 2141 81378 SH SOLE 46378 0 35000
SUSQUEHANNA BANCSHARES INC COM COM 869099101 704 40839 SH SOLE 80 0 40759
SYSTEMS & COMPUTER TECH CORPCO COM 871873105 821 65365 SH SOLE 26065 0 39300
TANGRAM ENTERPRISE SOLUTIONSCO COM 875924102 169 112535 SH SOLE 91350 0 21185
TECHNITROL INC COM COM 878555101 5129 145490 SH SOLE 88990 0 56500
TELEFLEX INC COM COM 879369106 4441 112605 SH SOLE 72735 0 39870
TITAN CORP COM COM 888266103 158 11000 SH SOLE 11000 0 0
TOOTSIE ROLL INDS INC COM COM 890516107 247 7505 SH SOLE 3860 0 3645
TOPPS INC COM COM 890786106 797 106230 SH SOLE 81230 0 25000
TOWNE SVCS INC COM COM 892148107 1006 315688 SH SOLE 280808 0 34880
TRANSWITCH CORP COM COM 894065101 5264 92344 SH SOLE 73174 0 19170
TRIQUINT SEMICONDUCTOR INC COM COM 89674K103 5286 92438 SH SOLE 80523 0 11915
TRIUMPH GROUP INC NEW COM COM 896818101 523 19705 SH SOLE 16440 0 3265
TURBOCHEF INC COM COM 900006107 949 178703 SH SOLE 163153 0 15550
U S INTERACTIVE INC COM COM 90334M109 7399 335376 SH SOLE 231605 0 103771
UCBH HLDGS INC COM COM 90262T308 259 14205 SH SOLE 13505 0 700
UNISYS CORP COM 909214108 364 8066 SH SOLE 8066 0 0
URBAN OUTFITTERS INC COM COM 917047102 620 28000 SH SOLE 12000 0 16000
VALUEVISION INTL INC CL A COM 92047K107 2598 99938 SH SOLE 97413 0 2525
VERIO INC COM 923433106 4887 157637 SH SOLE 139637 0 18000
VERTICALNET INC OC-COM COM 92532L107 6337 171262 SH SOLE 123317 0 47945
VIGNETTE CORP COM COM 926734104 628 6935 SH SOLE 4795 0 2140
VIROPHARMA INC COM COM 928241108 3625 162690 SH SOLE 79005 0 83685
VISHAY INTERTECHNOLOGY INC COM COM 928298108 8602 362175 SH SOLE 210300 0 151875
VITESSE SEMICONDUCTOR CORP COM COM 928497106 7762 181840 SH SOLE 154400 0 27440
VOICESTREAM WIRELESS CORP COM COM 928615103 2035 32965 SH SOLE 27855 0 5110
WET SEAL INC CL A COM 961840105 2290 138290 SH SOLE 116095 0 22195
WHITTMAN-HART INC COM COM 966834103 233 6000 SH SOLE 6000 0 0
<PAGE>
PORTVUE-SEC13F.LNP EMERALD ADVISERS PAGE 5
RUN DATE: 11/10/99 3:16
P.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 09/30/99
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- ----
WSFS FINL CORP COM COM 929328102 1275 90300 SH SOLE 90300 0 0
YARDVILLE NATL BANCORP COM COM 985021104 510 44582 SH SOLE 42092 0 2490
LINE COUNT: 206 $526,699
</TABLE>
