UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2000
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: 160 North Pointe Blvd.
Suite 200
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 May 9, 2000
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: 230
Form 13F Information Table Value Total: $1,198,262
(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: 04/28/00 3:36 P.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 03/31/00
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 9314 394223 SH SOLE 321738 0 72485
8X8 INC COM COM 282912104 9397 317215 SH SOLE 271405 0 45810
ABGENIX INC COM COM 00339B107 8517 123330 SH SOLE 115400 0 7930
ACLARA BIOSCIENCES INC COM 00461P106 355 9000 SH SOLE 9000 0 0
ADAPTIVE BROADBAND CORP COM COM 00650M104 278 5200 SH SOLE 5200 0 0
ADELPHIA BUSINESS SOLUTIONS CL COM 006847107 26795 434804 SH SOLE 321214 0 113590
ADELPHIA COMMUNICATIONS CORPCL COM 006848105 2303 47000 SH SOLE 15000 0 32000
AERIAL COMMUNICATIONS INC COM COM 007655103 1211 21323 SH SOLE 15963 0 5360
ALLAIRE CORP COM COM 016714107 11623 153690 SH SOLE 143910 0 9780
ALLEN ORGAN CO COM 017753104 1721 22329 SH SOLE 9864 0 12465
AMERICAN EAGLE OUTFITTERS INC. COM 02553E106 12419 327364 SH SOLE 229164 0 98200
AMERISOURCE HEALTH CORP CL A COM 03071P102 2032 135465 SH SOLE 25465 0 110000
AMKOR TECHNOLOGY INC COM COM 031652100 18473 348145 SH SOLE 249445 0 98700
ANADIGICS INC COM COM 032515108 6514 98691 SH SOLE 93724 0 4967
ANSOFT CORP COM COM 036384105 1728 139500 SH SOLE 84000 0 55500
ANSYS INC COM COM 03662Q105 237 22000 SH SOLE 0 0 22000
ANTEC CORP COM COM 03664P105 474 10580 SH SOLE 10580 0 0
APPLIED MICRO CIRCUITS CORP CD COM 03822W109 4759 31713 SH SOLE 31573 0 140
APROPOS TECHNOLOGY INC COM COM 038334108 851 23000 SH SOLE 23000 0 0
ARNOLD INDS INC COM COM 042595108 430 33550 SH SOLE 550 0 33000
ARTHROCARE CORP COM COM 043136100 5760 62606 SH SOLE 54316 0 8290
ASK JEEVES INC OC-COM COM 045174109 6853 112118 SH SOLE 111308 0 810
AWARE INC MASS COM COM 05453N100 2853 71100 SH SOLE 60500 0 10600
AXENT TECHNOLOGIES INC COM COM 05459C108 249 13224 SH SOLE 13224 0 0
BANKFIRST CORP COM COM 066442104 73 10000 SH SOLE 10000 0 0
BANKNORTH GROUP INC DEL COM COM 06646L100 201 7500 SH SOLE 7500 0 0
BERGER HLDGS LTD COM NEW COM 084037407 929 412746 SH SOLE 298916 0 113830
BLACK BOX CORP COM COM 091826107 2685 38780 SH SOLE 10180 0 28600
BLUESTONE SOFTWARE COM 09623P102 7860 232901 SH SOLE 177701 0 55200
BRANDYWINE RLTY TR SH BEN INT COM 105368203 882 51505 SH SOLE 10505 0 41000
BRAUN CONSULTING INC COM COM 105651103 1687 52705 SH SOLE 47635 0 5070
BROADVISION INC COM COM 111412102 5848 130309 SH SOLE 123069 0 7240
BROCADE COMMUNICATIONS SYS ICO COM 111621108 646 3600 SH SOLE 3600 0 0
BROOKLINE BANCORP INC COM COM 113739106 95 10000 SH SOLE 10000 0 0
BROOKSTONE INC COM COM 114537103 3309 189080 SH SOLE 151080 0 38000
BT FINANCIAL CORP COM COM 055763106 1503 96183 SH SOLE 63494 0 32689
BUCKEYE PARTNERS L P COM 118230101 858 33000 SH SOLE 0 0 33000
C COR ELECTRS INC COM COM 125010108 17318 353426 SH SOLE 245676 0 107750
CABLE DESIGN TECHN CORP COM COM 126924109 9533 280900 SH SOLE 150200 0 130700
CCC INFOMTN SVCS GRP INC COM COM 12487Q109 436 20280 SH SOLE 20280 0 0
CELGENE CORP COM COM 151020104 29689 894579 SH SOLE 729555 0 165024
CELL GENESYS INC COM COM 150921104 247 11600 SH SOLE 11600 0 0
CEPHALON INC COM COM 156708109 9545 254520 SH SOLE 160520 0 94000
CHARLOTTE RUSSE HOLDING INC COM 161048103 3730 217810 SH SOLE 190210 0 27600
CHARMING SHOPPES INC COM COM 161133103 6192 1088700 SH SOLE 791850 0 296850
CHICOS FAS INC COM COM 168615102 1800 106200 SH SOLE 106200 0 0
CHILDRENS PL RETAIL STORES ICO COM 168905107 1131 79400 SH SOLE 57400 0 22000
CHROMAVISION MED SYS INC COM COM 17111P104 7298 478551 SH SOLE 427846 0 50705
CIENA CORP COM COM 171779101 441 3500 SH SOLE 3500 0 0
CISCO SYS INC COM COM 17275R102 551 7125 SH SOLE 7125 0 0
CLARENT CORP DEL COM COM 180461105 17470 193712 SH SOLE 166922 0 26790
<PAGE>
PORTVUE-SEC13F.LNP EMERALD ADVISERS PAGE 2
RUN DATE: 04/28/00 3:36 P.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 03/31/00
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
CLARUS CORP DEL COM COM 182707109 25097 355360 SH SOLE 314195 0 41165
COBALT NETWORKS INC COM COM 19074R101 649 13810 SH SOLE 13720 0 90
COLLAGENEX PHARMACEUTCLS INCCO COM 19419B100 661 41300 SH SOLE 23500 0 17800
COMCAST CORP CL A SPL COM 200300200 1596 36800 SH SOLE 16800 0 20000
COMMERCE BANCORP INC N J COM COM 200519106 4268 115347 SH SOLE 93887 0 21460
COMMNICTN INTLGNC CP DEL NEWCO COM 20338K106 3468 581032 SH SOLE 542432 0 38600
CONCURRENT COMPUTER CORP NEWCO COM 206710204 3795 299130 SH SOLE 247415 0 51715
CONNETICS CORP COM COM 208192104 3421 372385 SH SOLE 345885 0 26500
COPPER MTN NETWORKS INC COM COM 217510106 303 3700 SH SOLE 3700 0 0
CORECARE SYS INC COM COM 218908101 47 166000 SH SOLE 27000 0 139000
CRITICAL PATH INC COM COM 22674V100 323 3800 SH SOLE 3800 0 0
CROWN AMERICAN RLTY TR COM COM 228186102 553 104100 SH SOLE 14100 0 90000
CUBIST PHARMACEUTICALS INC COM COM 229678107 9567 228456 SH SOLE 206966 0 21490
CURAGEN CORP COM COM 23126R101 3689 78900 SH SOLE 71260 0 7640
CV THERAPEUTICS INC COM COM 126667104 15174 302344 SH SOLE 276664 0 25680
CYPRESS SEMICONDUCTOR CORP COM COM 232806109 505 10250 SH SOLE 10250 0 0
CYTRX CORP COM NEW COM 232828301 248 123965 SH SOLE 93800 0 30165
C&D TECHNOLOGIES INC COM COM 124661109 18652 316143 SH SOLE 215893 0 100250
D & E COMMUNICATIONS INC COM COM 232860106 396 18510 SH SOLE 6955 0 11555
DAVID'S BRIDAL INC COM 238576102 5314 440550 SH SOLE 282000 0 158550
DIAMOND TECHNOLGY PRTNRS INCCL COM 252762109 21260 323347 SH SOLE 268347 0 55000
DIGITAL IS INC DEL COM COM 25385N101 9626 157962 SH SOLE 144167 0 13795
DOCUCORP INC COM COM 255911109 697 119955 SH SOLE 109955 0 10000
DONEGAL GROUP INC J COM COM 257701102 950 149030 SH SOLE 78919 0 70111
DROVERS BANCSHARES CORP PA COM COM 262120108 312 22666 SH SOLE 15025 0 7641
EDUCATION MGMT CORP COM COM 28139T101 2721 188500 SH SOLE 113100 0 75400
ELECTRONICS BOUTIQUE HLDGS CCO COM 286045109 7368 385280 SH SOLE 258530 0 126750
EMERGE INTERACTIVE INC COM 29088W103 8196 272074 SH SOLE 250683 0 21391
EMISPHERE TECHNOLOGIES INC COM COM 291345106 20249 390339 SH SOLE 317734 0 72605
ENTERCOM COMMUNICATIONS CORP COM 293639100 5799 113700 SH SOLE 57900 0 55800
ENVIRONMENTAL TECTONICS CORPCO COM 294092101 7135 679480 SH SOLE 471320 0 208160
ENZO BIOCHEM INC COM COM 294100102 667 9600 SH SOLE 7600 0 2000
EPOCH PHARMACEUTICALS INC COM COM 294273107 470 32700 SH SOLE 27700 0 5000
ERIE INDTY CO CL A COM 29530P102 623 19203 SH SOLE 0 0 19203
EXODUS COMMUNICATIONS INC COM COM 302088109 240 1710 SH SOLE 1710 0 0
EXTENDED SYS INC COM COM 301973103 20220 183819 SH SOLE 172024 0 11795
EXTREME NETWORKS INC COM COM 30226D106 487 6165 SH SOLE 6165 0 0
E-SIM LTD COM COM M40990109 3527 156751 SH SOLE 136256 0 20495
FCNB CORP COM COM 302920103 202 14000 SH SOLE 14000 0 0
FEDERATED INVS INC PA CL B COM 314211103 2398 87792 SH SOLE 58967 0 28825
FIRST CHARTER CORP COM COM 319439105 143 11000 SH SOLE 11000 0 0
FIRST COLONIAL GROUP INC COM COM 319734109 1105 69056 SH SOLE 36340 0 32716
FORECROSS CORP COM COM 34545C104 36 15000 SH SOLE 15000 0 0
FREEMARKETS INC COM COM 356602102 2684 22180 SH SOLE 20845 0 1335
FULTON FINL CORP PA COM COM 360271100 263 12510 SH SOLE 12510 0 0
GEOWORKS CORP COM COM 373692102 8115 227794 SH SOLE 213549 0 14245
GLATFELTER P H CO COM COM 377316104 1260 118600 SH SOLE 50600 0 68000
GREATER BAY BANCORP COM COM 391648102 493 12250 SH SOLE 12250 0 0
HADCO CORP COM COM 404681108 3581 55200 SH SOLE 43300 0 11900
HARLEYSVILLE NATL CORP PA COM COM 412850109 1290 47575 SH SOLE 27525 0 20050
HEALTHAXIS INC COM 42219D100 4236 294711 SH SOLE 227556 0 67155
<PAGE>
PORTVUE-SEC13F.LNP EMERALD ADVISERS PAGE 3
RUN DATE: 04/28/00 3:36 P.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 03/31/00
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
HERLEY INDS COM 427398102 3232 177700 SH SOLE 102800 0 74900
HOT TOPIC INC COM COM 441339108 6053 172940 SH SOLE 144940 0 28000
HUDSON CITY BANCORP COM 443683107 512 35000 SH SOLE 35000 0 0
HUDSON UTD BANCORP COM COM 444165104 482 22247 SH SOLE 22247 0 0
HUMAN GENOME SCIENCES INC COM COM 444903108 5234 63018 SH SOLE 52748 0 10270
IBASIS INC COM COM 450732102 13998 340906 SH SOLE 293126 0 47780
IGEN INTL INC DEL COM COM 449536101 4103 164100 SH SOLE 137100 0 27000
IMPERIAL BANCORP COM COM 452556103 2780 89690 SH SOLE 79710 0 9980
INFONAUTICS CORP CL A COM 456662105 9967 1208181 SH SOLE 943676 0 264505
INFOSPACE COM INC COM COM 45678T102 10813 148696 SH SOLE 136106 0 12590
INTERACTIVE OBJECTS INC COM COM 45839B107 639 127000 SH SOLE 90500 0 36500
INTERDIGITAL COMMUNICATION COM COM 45866A105 1007 40285 SH SOLE 7590 0 32695
INTERNET CAPITAL GROUP INC COM COM 46059C106 10603 117401 SH SOLE 87151 0 30250
INTERWAVE COMMUNICATIONS INTCO COM G4911N102 831 27600 SH SOLE 23600 0 4000
INTERWOVEN INC COM COM 46114T102 847 7715 SH SOLE 7715 0 0
ION NETWORKS INC COM COM 46205P100 4690 139486 SH SOLE 129231 0 10255
JONES APPAREL GROUP INC COM COM 480074103 4016 127000 SH SOLE 75000 0 52000
K2 DESIGN INC COM COM 482731106 321 53000 SH SOLE 46500 0 6500
KENNAMETAL INC COM COM 489170100 2104 70000 SH SOLE 30000 0 40000
KENSEY NASH CORP COM COM 490057106 4614 278600 SH SOLE 149300 0 129300
KEYNOTE SYSTEMS INC COM 493308100 2729 26691 SH SOLE 24836 0 1855
KEYSTONE FINL INC COM COM 493482103 6823 371295 SH SOLE 291505 0 79790
KING PHARMACEUTICALS INC COM COM 495582108 3482 110535 SH SOLE 84988 0 25547
KNIGHT TRIMARK GROUP COM 499068104 408 8000 SH SOLE 8000 0 0
KOPIN CORP COM COM 500600101 15512 225636 SH SOLE 211481 0 14155
KULICKE & SOFFA INDS INC COM COM 501242101 12050 188100 SH SOLE 112100 0 76000
LEAP WIRELESS INTL INC COM COM 521863100 2639 26745 SH SOLE 26575 0 170
LENDINGTREE INC. COM 52602Q105 203 15000 SH SOLE 15000 0 0
LEVEL 8 SYS INC COM COM 52729M102 701 15000 SH SOLE 15000 0 0
LIBERTY PPTY TR SH BEN INT COM 531172104 2685 112150 SH SOLE 62850 0 49300
MATRIX PHARMACEUTICAL INC COM COM 576844104 7961 781450 SH SOLE 707970 0 73480
MEDAREX INC COM COM 583916101 1067 21230 SH SOLE 16195 0 5035
MEDICAL TECHN & INNOV INC COM COM 58462M100 433 1730789 SH SOLE 1510789 0 220000
MERCANTILE BANKSHARES CORP COM COM 587405101 367 12000 SH SOLE 12000 0 0
MERCURY INTERACTIVE CORP COM COM 589405109 594 7500 SH SOLE 7500 0 0
MESABA HLDGS INC COM COM 59066B102 1680 146875 SH SOLE 126815 0 20060
MET PRO CORP COM COM 590876306 1845 202240 SH SOLE 107150 0 95090
MICROSTRATEGY INC CL A COM 594972101 9797 112530 SH SOLE 101520 0 11010
MIPS TECHNOLOGIES INC COM COM 604567107 334 6000 SH SOLE 6000 0 0
MODEM MEDIA POPPE TYSON INC CL COM 607533106 4808 148525 SH SOLE 141635 0 6890
MRV COMMUNICATIONS INC COM COM 553477100 3986 43502 SH SOLE 40437 0 3065
MSC SOFTWARE CORP COM COM 553531104 1108 93800 SH SOLE 79700 0 14100
MSI HLDGS INC COM COM 553654104 5530 194030 SH SOLE 179935 0 14095
NEOSE TECHNOLOGIES INC COM COM 640522108 26540 824532 SH SOLE 643277 0 181255
NET PERCEPTIONS INC COM 64107U101 14776 400023 SH SOLE 365893 0 34130
NETAMERICA COM CORP COM COM 64108J105 4103 162514 SH SOLE 152269 0 10245
NETBANK INC COM COM 640933107 2023 155600 SH SOLE 141165 0 14435
NETOPIA INC COM COM 64114K104 5486 76260 SH SOLE 69860 0 6400
NEUROCRINE BIOSCIENCES INC COM COM 64125C109 2710 116550 SH SOLE 110995 0 5555
OAK HILL FINL INC COM COM 671337103 128 10000 SH SOLE 10000 0 0
OM GROUP INC COM COM 670872100 5705 125385 SH SOLE 79085 0 46300
<PAGE>
PORTVUE-SEC13F.LNP EMERALD ADVISERS PAGE 4
RUN DATE: 04/28/00 3:36 P.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 03/31/00
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
ONDISPLAY INC COM COM 68232L100 9774 118295 SH SOLE 106735 0 11560
ORAPHARMA INC. COM 68554E106 2498 135000 SH SOLE 80000 0 55000
PACIFIC SUNWEAR CALIF INC COM COM 694873100 14815 384805 SH SOLE 335955 0 48850
PACKETEER INC COM 695210104 9998 285665 SH SOLE 241070 0 44595
PAC-WEST TELECOMM INC COM COM 69371Y101 24052 769671 SH SOLE 642754 0 126917
PEGASUS COMMUNICATIONS CORP CL COM 705904100 11590 82345 SH SOLE 61195 0 21150
PENN TREATY AMERN CORP COM COM 707874103 2098 125750 SH SOLE 71250 0 54500
PENN-AMER GROUP INC COM COM 707247102 708 99300 SH SOLE 28300 0 71000
PHILADELPHIA CONS HLDG CORP CO COM 717528103 768 52100 SH SOLE 12100 0 40000
PHILADELPHIA SUBN CORP COM PAR COM 718009608 2243 123754 SH SOLE 68154 0 55600
PIERCING PAGODA INC COM COM 720773100 7925 592557 SH SOLE 392557 0 200000
PINNACLE HLDGS INC COM COM 72346N101 4171 77600 SH SOLE 60600 0 17000
PLEXUS CORP COM COM 729132100 6042 90680 SH SOLE 78780 0 11900
PNC FINANCIAL CORP COM 693475105 225 5000 SH SOLE 5000 0 0
POWERTEL INC COM COM 73936C109 3276 47347 SH SOLE 46142 0 1205
PRIMUS TELECOMM GROUP INC COM COM 741929103 5238 101334 SH SOLE 98674 0 2660
PROGRESS FINL CORP COM COM 743266108 6031 551408 SH SOLE 416563 0 134845
PROPHET 21 INC COM COM 743459109 426 23100 SH SOLE 0 0 23100
PSB BANCORP INC COM COM 693604100 392 80500 SH SOLE 15500 0 65000
PSINET INC COM COM 74437C101 234 6880 SH SOLE 4530 0 2350
PURCHASEPRO COM INC COM COM 746144104 2206 30429 SH SOLE 27812 0 2617
RADWARE LTD ORD COM M81873107 7630 196910 SH SOLE 156160 0 40750
RAVISENT TECHNOLOGIES INC COM 754440105 3497 252045 SH SOLE 176645 0 75400
REDBACK NETWORKS INC COM COM 757209101 307 2050 SH SOLE 2050 0 0
REPUBLIC FIRST BANCORP INC COM COM 760416107 1152 242490 SH SOLE 158390 0 84100
RESEARCH IN MOTION LTD COM COM 760975102 266 2500 SH SOLE 2500 0 0
RESOURCE ASSET INVT TR COM COM 761196104 1042 96935 SH SOLE 24835 0 72100
ROYAL BANCSHARES PA INC CL A COM 780081105 2147 165138 SH SOLE 135481 0 29657
RUDOLPH TECHNOLOGIES INC COM COM 781270103 3283 72950 SH SOLE 67950 0 5000
S & T BANCORP INC COM COM 783859101 1221 71300 SH SOLE 54900 0 16400
S3 INC COM COM 784849101 693 33000 SH SOLE 28000 0 5000
SAFEGUARD SCIENTIFICS INC COM COM 786449108 46663 676282 SH SOLE 504792 0 171490
SANCHEZ COMPUTER ASSOCS INC CO COM 799702105 10436 297108 SH SOLE 232735 0 64373
SAPIENT CORP COM COM 803062108 226 2700 SH SOLE 2700 0 0
SCIENCE DYNAMICS CORP COM COM 808631105 1231 82427 SH SOLE 82427 0 0
SEACHANGE INTL INC COM COM 811699107 40492 657077 SH SOLE 571609 0 85468
SEI INVTS CO COM COM 784117103 6531 57577 SH SOLE 42707 0 14870
SEMITOOL INC COM COM 816909105 4727 259920 SH SOLE 204320 0 55600
SI HANDLING SYS INC COM COM 784255101 4690 815590 SH SOLE 549790 0 265800
SIERRACITIES COM 826521106 6261 468076 SH SOLE 406086 0 61990
SILICON STORAGE TECHN INC COM COM 827057100 5253 71100 SH SOLE 51100 0 20000
SILICON VY BANCSHARES COM COM 827064106 7521 104643 SH SOLE 100133 0 4510
SIRIUS SATELLITE RADIO INC COM 82966U103 14761 258971 SH SOLE 234096 0 24875
SOVEREIGN BANCORP INC COM COM 845905108 437 57816 SH SOLE 12800 0 45016
SUN BANCORP INC COM COM 866634108 1220 75091 SH SOLE 52512 0 22579
SUN BANCORP INC N J COM COM 86663B102 1900 292375 SH SOLE 257375 0 35000
SUNGARD DATA SYS INC COM COM 867363103 2454 65003 SH SOLE 25003 0 40000
SUSQUEHANNA BANCSHARES INC COM COM 869099101 287 20759 SH SOLE 0 0 20759
TALK COM INC COM COM 874264104 2813 175793 SH SOLE 160618 0 15175
TECHNITROL INC COM COM 878555101 9501 163100 SH SOLE 112600 0 50500
TELEFLEX INC COM COM 879369106 2268 64100 SH SOLE 33000 0 31100
<PAGE>
PORTVUE-SEC13F.LNP EMERALD ADVISERS PAGE 5
RUN DATE: 04/28/00 3:36 P.M.
FORM 13F INFORMATION TABLE
AS OF DATE: 03/31/00
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
- ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- --------
TERAYON COMMUNICATION SYS COM COM 880775101 12054 58798 SH SOLE 54643 0 4155
THERMOGENESIS CORP COM NEW COM 883623209 345 131300 SH SOLE 117800 0 13500
TITAN CORP COM COM 888266103 360 7100 SH SOLE 7100 0 0
TRANSWITCH CORP COM COM 894065101 22498 234048 SH SOLE 214678 0 19370
TRIMBLE NAV LTD COM COM 896239100 940 36500 SH SOLE 31500 0 5000
TRIQUINT SEMICONDUCTOR INC COM COM 89674K103 17938 244049 SH SOLE 224829 0 19220
TRITON PCS HLDGS INC CL A COM 89677M106 8852 148156 SH SOLE 139811 0 8345
TULARIK INC COM COM 899165104 1281 41500 SH SOLE 29200 0 12300
TURNSTONE SYS INC COM COM 900423104 230 2000 SH SOLE 2000 0 0
U S INTERACTIVE INC COM COM 90334M109 18400 514678 SH SOLE 396447 0 118231
UCBH HLDGS INC COM COM 90262T308 368 17130 SH SOLE 16840 0 290
VERTEL CORP COM COM 924907108 3836 181068 SH SOLE 170943 0 10125
VERTICALNET INC OC-COM COM 92532L107 14631 215160 SH SOLE 168920 0 46240
VIGNETTE CORP COM COM 926734104 1245 23310 SH SOLE 16395 0 6915
VIROPHARMA INC COM COM 928241108 9091 148268 SH SOLE 112868 0 35400
VISHAY INTERTECHNOLOGY INC COM COM 928298108 11735 210975 SH SOLE 134100 0 76875
VOICESTREAM WIRELESS CORP COM COM 928615103 7910 61410 SH SOLE 57830 0 3580
WIND RIV SYS INC COM COM 973149107 1781 49140 SH SOLE 48380 0 760
WITNESS SYSTEMS INC. COM 977424100 1651 54350 SH SOLE 51850 0 2500
WORKFLOW MGMT INC COM COM 98137N109 8678 322153 SH SOLE 292083 0 30070
WSFS FINL CORP COM COM 929328102 1366 109790 SH SOLE 89790 0 20000
XM SATELLITE RADIO HLDGS INCCL COM 983759101 1383 39656 SH SOLE 39296 0 360
XYBERNAUT CORP COM COM 984149104 6583 394489 SH SOLE 371399 0 23090
YARDVILLE NATL BANCORP COM COM 985021104 320 35677 SH SOLE 35102 0 575
ZANY BRAINY INC COM COM 98906Q101 424 87000 SH SOLE 20000 0 67000
ZIXIT CORP COM COM 98974P100 2501 34350 SH SOLE 26700 0 7650
LINE COUNT: 230
</TABLE>
