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NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A D C TELECOMMUNICATIONS COMMON 000886101 2146 39825 SH SOLE 39825 0 0
AT&T CORP COMMON 001957109 8259 146668 SH SOLE 146668 0 0
AFFYMETRIX INC COMMON 00826T108 683 4600 SH SOLE 4600 0 0
ALCOA INC COMMON 013817101 11307 160960 SH SOLE 160960 0 0
AMERICAN EXPRESS CO COMMON 025816109 14422 96835 SH SOLE 96835 0 0
AMERICAN HOME PRODS CORP COMMON 026609107 5461 101600 SH SOLE 101600 0 0
AMGEN INC COMMON 031162100 13238 215690 SH SOLE 215690 0 0
APPLIED MATLS INC COMMON 038222105 706 7490 SH SOLE 7490 0 0
AVERY DENNISON CORP COMMON 053611109 8084 132385 SH SOLE 132385 0 0
BP AMOCO P L C DEPOSITORY RECEI 055622104 829 15574 SH SOLE 15574 0 0
BEST BUY INC COMMON 086516101 2763 32130 SH SOLE 32130 0 0
BIOGEN INC COMMON 090597105 344 4925 SH SOLE 4925 0 0
BIOVAIL CORP COMMON 09067J109 4130 93340 SH SOLE 93340 0 0
BROADVISION INC COMMON 111412102 6577 146555 SH SOLE 146555 0 0
C COR NET CORP COMMON 125010108 392 8000 SH SOLE 8000 0 0
CALPINE CORP COMMON 131347106 14427 153475 SH SOLE 153475 0 0
CELESTICA INC SUB VTG SHS 15101Q108 4630 87250 SH SOLE 87250 0 0
CHEVRON CORPORATION COMMON 166751107 10248 110865 SH SOLE 110865 0 0
CIENA CORP COMMON 171779101 227 1800 SH SOLE 1800 0 0
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NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CISCO SYS INC COMMON 17275R102 19499 252215 SH SOLE 252215 0 0
CITIGROUP INC COMMON 172967101 19277 321947 SH SOLE 321947 0 0
CLARUS CORP COMMON 182707109 219 3100 SH SOLE 3100 0 0
COMVERSE TECHNOLOGY INC COM PAR $0.10 205862402 12746 67440 SH SOLE 67440 0 0
COPPER MTN NETWORKS INC COMMON 217510106 10087 123105 SH SOLE 123105 0 0
CORNING INC COMMON 219350105 19813 102130 SH SOLE 102130 0 0
COSTCO WHSL CORP NEW COMMON 22160K105 8627 164120 SH SOLE 164120 0 0
DALLAS SEMICONDUCTOR COR COMMON 235204104 329 9000 SH SOLE 9000 0 0
DATA RETURN CORP COMMON 23785M104 747 20300 SH SOLE 20300 0 0
DIAMONDS TR UNIT SER 1 252787106 284 2595 SH SOLE 2595 0 0
DIGITAL MICROWAVE CORP COMMON 253859102 5476 161650 SH SOLE 161650 0 0
DISNEY WALT CO COM DISNEY 254687106 2390 57950 SH SOLE 57950 0 0
DOVER CORP COMMON 260003108 12546 262065 SH SOLE 262065 0 0
DOW CHEM CO COMMON 260543103 13315 116795 SH SOLE 116795 0 0
DOW JONES & CO INC COMMON 260561105 10876 151455 SH SOLE 151455 0 0
DYNEGY INC NEW CL A 26816Q101 14939 238121 SH SOLE 238121 0 0
E M C CORP MASS COMMON 268648102 22181 176040 SH SOLE 176040 0 0
ENSCO INTL INC COMMON 26874Q100 965 26700 SH SOLE 26700 0 0
ENRON CORP COMMON 293561106 15568 207915 SH SOLE 207915 0 0
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<TABLE>
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NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
ERICSSON L M TEL CO DEPOSITORY RECEI 294821400 12727 135660 SH SOLE 135660 0 0
EXXON MOBIL CORP COMMON 30231G102 19668 252354 SH SOLE 252354 0 0
GENERAL ELEC CO COMMON 369604103 32605 209510 SH SOLE 209510 0 0
GUIDANT CORP COMMON 401698105 6008 102050 SH SOLE 102050 0 0
HALLIBURTON CO COMMON 406216101 806 19600 SH SOLE 19600 0 0
HARLEY DAVIDSON INC COMMON 412822108 8864 111675 SH SOLE 111675 0 0
HOME DEPOT INC COMMON 437076102 23095 358065 SH SOLE 358065 0 0
HYMEX DIAMOND CORP COMMON 448923102 0 10000 SH SOLE 10000 0 0
INTEL CORP COMMON 458140100 20921 158570 SH SOLE 158570 0 0
LSI LOGIC CORP COMMON 502161102 23067 317620 SH SOLE 317620 0 0
LEVEL 3 COMMUNICATIONS I COMMON 52729N100 8939 84530 SH SOLE 84530 0 0
MCI WORLDCOM INC COMMON 55268B106 9081 200416 SH SOLE 200416 0 0
MASTEC INC COMMON 576323109 16265 182750 SH SOLE 182750 0 0
MEDTRONIC INC COMMON 585055106 5294 102925 SH SOLE 102925 0 0
MERCURY INTERACTIVE CORP COMMON 589405109 7557 95360 SH SOLE 95360 0 0
METROMEDIA FIBER NETWORK CL A 591689104 406 4200 SH SOLE 4200 0 0
MICROSOFT CORP COMMON 594918104 25183 237020 SH SOLE 237020 0 0
MINNESOTA MNG & MFG CO COMMON 604059105 788 8900 SH SOLE 8900 0 0
MORGAN J P & CO INC COMMON 616880100 14615 110930 SH SOLE 110930 0 0
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NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
MOTOROLA INC COMMON 620076109 7686 52644 SH SOLE 52644 0 0
NASDAQ 100 TR UNIT SER 1 631100104 643 5870 SH SOLE 5870 0 0
NATIONAL SEMICONDUCTOR C COMMON 637640103 8297 136575 SH SOLE 136575 0 0
NEW YORK TIMES CO CL A 650111107 4659 108515 SH SOLE 108515 0 0
NEXELL THERAPEUTICS INC COMMON 65332H104 125 32500 SH SOLE 32500 0 0
NEXTEL COMMUNICATIONS IN CL A 65332V103 15562 104970 SH SOLE 104970 0 0
NOKIA CORP DEPOSITORY RECEI 654902204 17483 78750 SH SOLE 78750 0 0
NOBLE DRILLING CORP COMMON 655042109 5816 140580 SH SOLE 140580 0 0
NORTEL NETWORKS CORP COMMON 656569100 22694 179930 SH SOLE 179930 0 0
ORACLE CORP COMMON 68389X105 15108 193540 SH SOLE 193540 0 0
PFIZER INC COMMON 717081103 8211 224580 SH SOLE 224580 0 0
PORTAL SOFTWARE INC COMMON 736126103 1059 18600 SH SOLE 18600 0 0
PSINET INC COMMON 74437C101 8497 249795 SH SOLE 249795 0 0
QUALCOMM INC COMMON 747525103 956 6400 SH SOLE 6400 0 0
QUANTA SVCS INC COMMON 74762E102 17018 280425 SH SOLE 280425 0 0
RF MICRODEVICES INC COMMON 749941100 12502 93040 SH SOLE 93040 0 0
ROWAN COS INC COMMON 779382100 1072 36400 SH SOLE 36400 0 0
ROYAL DUTCH PETE CO DEPOSITORY RECEI 780257804 4686 81055 SH SOLE 81055 0 0
SDL INC COMMON 784076101 341 1600 SH SOLE 1600 0 0
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<CAPTION>
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NAME OF ISSUER TITLE OF CLASS CUSIP VALUE(K) SH/P AMT S/P P/C INV DSC MANAGERS SOLE SHARED NONE
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
SPDR TR UNIT SER 1 78462F103 732 4865 SH SOLE 4865 0 0
SCHERING PLOUGH CORP COMMON 806605101 264 7100 SH SOLE 7100 0 0
SCHLUMBERGER LTD COMMON 806857108 11234 146845 SH SOLE 146845 0 0
SEPRACOR INC COMMON 817315104 1984 27250 SH SOLE 27250 0 0
STATE STR CORP COMMON 857477103 7978 82350 SH SOLE 82350 0 0
SUN MICROSYSTEMS INC COMMON 866810104 16750 178760 SH SOLE 178760 0 0
SYMANTEC CORP COMMON 871503108 12268 163305 SH SOLE 163305 0 0
TALBOTS INC COMMON 874161102 2532 43000 SH SOLE 43000 0 0
TIFFANY & CO NEW COMMON 886547108 9895 118325 SH SOLE 118325 0 0
VIASAT INC COMMON 92552V100 238 3300 SH SOLE 3300 0 0
VINTAGE PETE INC COMMON 927460105 234 11650 SH SOLE 11650 0 0
VISHAY INTERTECHNOLOGY I COMMON 928298108 17179 308834 SH SOLE 308834 0 0
VULCAN MATLS CO COMMON 929160109 3647 79600 SH SOLE 79600 0 0
WAL MART STORES INC COMMON 931142103 2618 46345 SH SOLE 46345 0 0
WARNER LAMBERT CO COMMON 934488107 3381 34610 SH SOLE 34610 0 0
TRANSOCEAN SEDCO FOREX I ORD G90078109 7040 137203 SH SOLE 137203 0 0
GILAT SATELLITE NETWORKS ORD M51474100 11776 100435 SH SOLE 100435 0 0
ASM LITHOGRAPHY HLDG N V DEPOSITORY RECEI N07059111 8002 71605 SH SOLE 71605 0 0
PACIFIC CENT CYBERWORKS PACIFIC CENT CYB Y6801N100 127 50000 SH SOLE 50000 0 0
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