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FORM 13F
3/31/2000
REPORTING MANAGER: Furman Selz LLC PAGE 1
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VALUATION CURRENCY: USD
ITEM 1 ITEM 2 ITEM 3 ITEM 4 ITEM 5 ITEM 6 ITEM 7 ITEM 8
NAME OF ISSUER TITLE CUSIP FAIR SHARES OR INVEST. DISC. MANAGERS VOTING AUTHORITY
OF NUMBER MARKET PRINCIPAL SHARED
CLASS VALUE AMOUNT SOLE SHARED OTHER SOLE SHARED NONE
(A) (B) (C) (A) (B) (C)
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CACHEFLOW INC COM OTC EQ 126946102 237,000 2,000 N X ARBO 2,000 0 0
CHECK POINT SOFTWARE TECH OTC EQ M22465104 2,429,088 14,200 N X ARBO 14,200 0 0
CISCO SYSTEMS INC OTC EQ 17275R102 77,312,500 1,000,000 N X ARBO 1,000,000 0 0
***GEMSTAR INTERNATIONAL G OTC EQ G3788V106 40,248,000 468,000 N X ARBO 468,000 0 0
HNC SOFTWARE INC OTC EQ 40425P107 35,764,619 496,300 N X ARBO 496,300 0 0
INTERNAP NETWORK SVCS CORP OTC EQ 45885A102 28,418,800 617,800 N X ARBO 617,800 0 0
INTERWOVEN INC OTC EQ 46114T102 548,750 5,000 N X ARBO 5,000 0 0
LSI LOGIC CORP COMMON 502161102 9,078,125 125,000 N X ARBO 125,000 0 0
MICROMUSE INC OTC EQ 595094103 65,047,538 468,600 N X ARBO 468,600 0 0
***NOKIA CORP-SPONSORED AD COMMON 654902204 4,440,000 20,000 N X ARBO 20,000 0 0
NVIDIA CORP OTC EQ 67066G104 2,480,039 29,355 N X ARBO 29,355 0 0
ONVIA.COM INC OTC EQ 68338T106 1,267,500 60,000 N X ARBO 60,000 0 0
ORACLE SYSTEMS CORP OTC EQ 68389X105 35,128,125 450,000 N X ARBO 450,000 0 0
SILVERSTREAM SOFTWARE INC OTC EQ 827907106 517,125 7,000 N X ARBO 7,000 0 0
TIBCO SOFTWARE INC OTC EQ 88632Q103 815,000 10,000 N X ARBO 10,000 0 0
VIGNETTE CORP OTC EQ 926734104 153,247,075 956,300 N X ARBO 956,300 0 0
VERITAS SOFTWARE CORP OTC EQ 923436109 218,318,050 1,666,550 N X ARBO 1,666,550 0 0
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PAGE COLUMN TOTALS 675,297,334
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AGGREGATE COLUMN TOTALS 675,297,334
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