UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Form 13F
Form 13 F COVER PAGE
Report for the Calendar Year or Quarter Ended: 3/31/00
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: Tiffany Capital Advisors, Inc.
Address: 2300 Computer Avenue, Suite L67
Willow Grove, PA 19090
Form 13F File Number: 28-3882
The institutional investment manager filing this report and the person by
whom it is signed hereby represent that the person signing the repot 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: Curtis O. Townsend
Title: President
Phone: 215-784-1111
Signature, Place, and Date of Signing:
Curtis O. Townsend Willow Grove, PA 4/19/00
[Signature] [City, State] [Date]
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).)
<PAGE>
Form 13F SUMMARY PAGE
REPORT SUMMARY:
Number of Other Included Managers: None _____
Form 13F Information Table Entry Total: 118 _____
Form 13F Information Table Value Total: ___$704,251
(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.
NONE
</PAGE>
<TABLE> <C> <C>
FORM 13F INFORMATION TABLE
Market
Value
Security
Class
CUSIP
(x$1000)
Shares
Invtmt
Discret
Other
Mgrs
Voting
Auth
AFLAC
Common
001055102
29505
55000
SOLE
SOLE
Abercrombie & Fitch
Common
002896207
352
22000
SOLE
SOLE
Alaska Air Group, Inc.
Common
011659109
2068
68800
SOLE
SOLE
America Online
Common
02364J104
5732
85000
SOLE
SOLE
American Home Products
Corp.
Common
026609107
3063
57000
SOLE
SOLE
American Intl. Group
Common
026874107
3708
33868
SOLE
SOLE
AnswerThink Consulting
Common
036916104
1148
47000
SOLE
SOLE
Applied Micro Circuits
Corp.
Common
03822W109
1530
10200
SOLE
SOLE
Audiovox Corp
Common
050757103
253
5800
SOLE
SOLE
Bank of New York
Common
064057102
843
20300
SOLE
SOLE
Bed Bath & Beyond
Common
075896100
2909
73900
SOLE
SOLE
Biogen Inc.
Common
090597105
545
7800
SOLE
SOLE
CMG Information Service
Common
125750109
10084
89000
SOLE
SOLE
CNET Networks
Common
12613R104
4866
96000
SOLE
SOLE
CVS Corp.
Common
126650100
3117
83000
SOLE
SOLE
Capital One Financial
Common
14040H105
3734
77900
SOLE
SOLE
Charter Communications
Common
16117M107
28
2000
SOLE
SOLE
Circuit City
Common
172737108
6270
103000
SOLE
SOLE
Cisco Systems
Common
17275R102
8427
109000
SOLE
SOLE
Citrix Systems
Common
177376100
761
11500
SOLE
SOLE
Coca-Cola
Common
191216100
1408
30000
SOLE
SOLE
Computer Sciences
Common
205363104
6504
82200
SOLE
SOLE
Comverse Technology
Common
205862402
20525
108600
SOLE
SOLE
Corning Inc.
Common
219350105
1299
6700
SOLE
SOLE
Dell Computer
Common
247025109
916
17000
SOLE
SOLE
Dollar General
Common
256669102
1681
62582
SOLE
SOLE
Dollar Tree Stores
Common
256747106
4414
84700
SOLE
SOLE
E*Trade Group
Common
269246104
692
23000
SOLE
SOLE
EMC Corp.
Common
268648102
9399
74600
SOLE
SOLE
Elan Corp.
Common
284131208
6519
137248
SOLE
SOLE
Elantec Semiconductors
Common
284155108
3438
46743
SOLE
SOLE
Emerge Interactive
Common
29088W996
766
25450
SOLE
SOLE
Enzo Biochemistry
Common
294100102
5282
76000
SOLE
SOLE
Exodus Communications
Common
302088109
25992
185000
SOLE
SOLE
Family Dollar Stores
Common
307000109
915
44000
SOLE
SOLE
Federal Nat'l Mtg
Common
313586109
2432
43000
SOLE
SOLE
Fiserv
Common
337738108
2972
79925
SOLE
SOLE
GTE
Common
362320103
2598
36600
SOLE
SOLE
Gap Inc.
Common
364760108
2241
45000
SOLE
SOLE
General Electric
Common
369604103
6380
41000
SOLE
SOLE
Great Lakes Chemical
Common
390568103
408
12000
SOLE
SOLE
Guidant
Common
401698105
6763
114880
SOLE
SOLE
Home Depot
Common
437076102
2889
44800
SOLE
SOLE
Intel Corp.
Common
458140100
2242
17000
SOLE
SOLE
Internap
Common
45885A102
18
400
SOLE
SOLE
International Business
Machines
Common
459200101
1652
14000
SOLE
SOLE
Internet Capital Group, Inc.
Common
46059C106
13924
154180
SOLE
SOLE
Interpublic Group Cos
Common
460690100
118
2500
SOLE
SOLE
JDS Uniphase Corporation
Common
46612J101
48924
405800
SOLE
SOLE
Johnson & Johnson
Common
478160104
4065
57876
SOLE
SOLE
Legato Systems, Inc. SHS
Common
524651106
3614
81000
SOLE
SOLE
Lehman Bros.
Common
524908100
10961
113000
SOLE
SOLE
Lilly (Eli) & Co.
Common
532457108
2524
40312
SOLE
SOLE
Linear Tech
Common
535678106
8800
160000
SOLE
SOLE
LookSmart
Common
543442107
704
16000
SOLE
SOLE
Lucent Technologies
Common
549463107
3981
65000
SOLE
SOLE
Lycos, Inc.
Common
550818108
6336
90200
SOLE
SOLE
MCI Worldcom
Common
55268B106
3865
85301
SOLE
SOLE
Martha Stewart
Common
573083102
2
100
SOLE
SOLE
Maxim Integrated Products
Common
57772K101
3766
53000
SOLE
SOLE
Medtronic, Inc.
Common
585055106
7005
136200
SOLE
SOLE
Merck & Co
Common
589331107
1391
22392
SOLE
SOLE
Mercury Interactive
Common
589405109
6118
77200
SOLE
SOLE
Merrill Lynch
Common
590188108
3675
35000
SOLE
SOLE
Metricom
Common
591596101
2411
52000
SOLE
SOLE
Micrel Inc.
Common
594793101
4789
5100
SOLE
SOLE
Microsoft Corp.
Common
594918104
2762
26000
SOLE
SOLE
Network Appliance
Common
64120L104
37469
452800
SOLE
SOLE
News Corp.ADR
Common
652487703
2812
50000
SOLE
SOLE
News Corporation
Preferred
Common
652487802
1384
29000
SOLE
SOLE
Oracle Corporation
Common
68389X105
7494
96000
SOLE
SOLE
PNC Bank Corp.
Common
693475105
1245
27650
SOLE
SOLE
PacWest Telecom
Common
69371Y101
492
15750
SOLE
SOLE
Paychex
Common
704326107
5604
107000
SOLE
SOLE
Pepsico
Common
713448108
1150
33000
SOLE
SOLE
Pfizer, Inc.
Common
717081103
1681
46000
SOLE
SOLE
Philips Electronics
Common
500472204
5769
33680
SOLE
SOLE
Portal Software
Common
736126103
5158
90600
SOLE
SOLE
Protective Life
Common
743674103
317
10000
SOLE
SOLE
Providian Financial
Common
74406A102
7986
92200
SOLE
SOLE
Qlogic Corp.
Common
747277101
731
5400
SOLE
SOLE
Qualcomm
Common
747525103
60232
403400
SOLE
SOLE
Ralston-Purina
Common
751277302
698
25400
SOLE
SOLE
Red Hat, Inc.
Common
756577102
1033
24400
SOLE
SOLE
Reynolds & Reynolds
Common
761695105
864
32000
SOLE
SOLE
S T Microelectronics
Common
861012102
21713
116000
SOLE
SOLE
SBC Communications
Common
78387G103
5881
139628
SOLE
SOLE
Safeguard Scientific
Common
786449108
19285
279500
SOLE
SOLE
Sapient
Common
803062108
15256
181900
SOLE
SOLE
Schering Plough
Common
806605101
1039
28000
SOLE
SOLE
Schlumberger Ltd
Common
806857108
3519
46000
SOLE
SOLE
Servicemaster
Common
81760N109
894
79500
SOLE
SOLE
Sigma-Aldrich
Common
826552101
1505
56000
SOLE
SOLE
Skywest Inc.
Common
830879102
2597
66400
SOLE
SOLE
SmithKline Beechman PLC
ADR
Common
832378301
3217
48700
SOLE
SOLE
Snap-On, Inc.
Common
833034101
968
37000
SOLE
SOLE
Spanish Broadcasting
Common
846425882
2622
111800
SOLE
SOLE
Sun Microsystems
Common
866810104
7496
80000
SOLE
SOLE
Symbol Technologies
Common
871508107
10103
122750
SOLE
SOLE
Synopsys
Common
871607107
6252
128262
SOLE
SOLE
T.Rowe Price
Common
741477103
1125
28500
SOLE
SOLE
Tellabs
Common
879664100
6430
102100
SOLE
SOLE
Teradyne
Common
880770102
13644
166400
SOLE
SOLE
Terayon
Common
880775101
23247
113400
SOLE
SOLE
Tiffany & Co.
Common
886547108
183
2200
SOLE
SOLE
Tommy Hilfiger
Common
G8915Z102
2106
145300
SOLE
SOLE
Transaction Systems
Architects
Common
893416107
1645
57000
SOLE
SOLE
Transocean Sedco Forex
Inc.
Common
893817106
370
7227
SOLE
SOLE
US Interactive Inc.
Common
90334M109
2782
77845
SOLE
SOLE
United Parcel Service
Common
911312106
1984
31500
SOLE
SOLE
Univision Communications
Common
914906102
14204
125700
SOLE
SOLE
Veritas Software Com
Common
92343P107
844
6450
SOLE
SOLE
Vitesse Semiconductor
Common
928497106
20980
217980
SOLE
SOLE
Walgreen Company
Common
931422109
4583
178000
SOLE
SOLE
Warner Lambert
Common
934488107
3165
32400
SOLE
SOLE
Wells Fargo & Co.
Common
949746101
1222
30000
SOLE
SOLE
Women.Com Networks
Common
978149102
28
3500
SOLE
SOLE
Yahoo
Common
984332106
719
4200
SOLE
SOLE
</TABLE> [C] [C]
<TABLE> <C> <C>
Aggregate Buys and Sells
(12/31/99 - 3/31/00)
Difference
Security
Class
CUSIP
12/31/99
3/31/00
of Shares
AFLAC
Common
001055102
30000
55000
25000
Abercrombie & Fitch
Common
002896207
33000
22000
- -11000
Adobe Systems
Common
00724F101
7000
0
- -7000
Alaska Air Group, Inc.
Common
011659109
60800
68800
8000
Allstate
Common
020002101
27000
0
- -27000
America Online
Common
02364J104
92000
85000
- -7000
American Home Products
Corp.
Common
026609107
51000
57000
6000
American Intl. Group
Common
026874107
35868
33868
- -2000
AnswerThink Consulting
Common
036916104
32000
47000
15000
Applied Micro Circuits Corp.
Common
03822W109
11100
11100
- -6000
Audiovox Corp
Common
050757103
18800
5800
- -13000
Bank of New York
Common
064057102
20300
20300
0
Bed Bath & Beyond
Common
075896100
73000
73900
900
Biogen Inc.
Common
090597105
5800
7800
2000
CMG Information Service
Common
125750109
56000
89000
33000
CNET Networks
Common
12613R104
101000
96000
- -5000
CTS Corp.
Common
126501105
3300
0
- -3300
CVS Corp.
Common
126650100
79000
83000
4000
Campbell Soup
Common
134429109
30400
0
- -30400
Capital One Financial
Common
14040H105
81900
77900
- -4000
Catalina Marketing Corp.
Common
148867104
2350
0
- -2350
Charter Communications
Common
16117M107
2000
2000
0
Church & Dwight
Common
171340102
13700
0
- -13700
Circuit City
Common
172737108
145000
103000
- -42000
Cisco Systems
Common
17275R102
54500
109000
54500
Citrix Systems
Common
177376100
11750
11500
- -200
Coca-Cola
Common
191216100
40000
30000
- -10000
Computer Sciences
Common
205363104
51200
82200
31000
Comverse Technology
Common
205862402
154700
108600
- -46100
Corning Inc.
Common
219350105
8700
6700
- -2000
Dell Computer
Common
247025109
31000
17000
- -14000
Dollar General
Common
256669102
65582
62582
- -3000
Dollar Tree Stores
Common
256747106
73700
84700
11000
E*Trade Group
Common
269246104
30000
23000
- -7000
EMC Corp.
Common
268648102
74600
74600
0
Elan Corp.
Common
284131208
158248
137248
- -21000
Elantec Semiconductors
Common
284155108
40243
46743
6500
Electronic Arts Inc.
Common
285512109
6200
0
- -6200
Emerge Interactive
Common
29088W996
0
25450
25450
Enzo Biochemistry
Common
294100102
0
76000
76000
Exodus Communications
Common
302088109
165000
185000
20000
Expeditors Int'l
Common
302130109
8608
0
- -8608
Family Dollar Stores
Common
307000109
44000
44000
0
Federal Nat'l Mtg
Common
313586109
39000
43000
4000
Finova Group
Common
317928109
28000
0
- -28000
Fiserv
Common
337738108
71925
79925
8000
GTE
Common
362320103
43600
36600
- -7000
Gap Inc.
Common
364760108
40000
45000
5000
General Electric
Common
369604103
36000
41000
5000
Great Lakes Chemical
Common
390568103
12000
12000
0
Guidant
Common
401698105
96880
114880
18000
Harley Davidson
Common
412822108
10600
0
- -10600
Hilton Hotels Corp.
Common
432848109
44471
0
- -44471
Home Depot
Common
437076102
37800
44800
7000
Hooper Holmes Inc.
Common
439104100
15700
0
- -15700
Intel Corp.
Common
458140100
17000
17000
0
Internap
Common
45885A102
200
400
200
International Business
Machines
Common
459200101
14000
14000
0
Internet Capital Group, Inc.
Common
46059C106
119380
154180
34800
Interpublic Group Cos
Common
460690100
9500
2500
- -7000
JDS Uniphase Corporation
Common
46612J101
274400
405800
131400
Johnson & Johnson
Common
478160104
36876
57876
21000
Legato Systems, Inc. SHS
Common
524651106
98000
81000
- -17000
Lehman Bros.
Common
524908100
79000
113000
34000
Lilly (Eli) & Co.
Common
532457108
37312
40312
3000
Linear Tech
Common
535678106
104800
160000
55200
LookSmart
Common
543442107
1000
16000
15000
Lucent Technologies
Common
549463107
52000
65000
13000
Lycos, Inc.
Common
550818108
93200
90200
- -3000
MCI Worldcom
Common
55268B106
92301
85301
- -7000
Martha Stewart
Common
573083102
100
100
0
Maxim Integrated Products
Common
57772K101
89800
53000
- -36800
Medtronic, Inc.
Common
585055106
168200
136200
- -32000
Merck & Co
Common
589331107
25392
22392
- -3000
Mercury Interactive
Common
589405109
14000
77200
63200
Merrill Lynch
Common
590188108
40000
35000
- -5000
Merticom
Common
591596101
0
52000
52000
Micrel Inc.
Common
594793101
7100
5100
- -2000
Microchip Technology
Common
595017104
8000
0
- -8000
Microsoft Corp.
Common
594918104
29000
26000
- -3000
Network Appliance
Common
64120L104
269200
452800
183600
News Corp.ADR
Common
652487703
30000
50000
20000
News Corporation Preferred
Common
652487802
29000
29000
0
Oracle Corporation
Common
68389X105
58000
96000
38000
PNC Bank Corp.
Common
693475105
39650
27650
- -12000
PacWest Telecom
Common
69371Y101
9850
15750
5900
Paychex
Common
704326107
97000
107000
10000
Pepsico
Common
713448108
40000
33000
- -7000
Pfizer, Inc.
Common
717081103
60000
46000
- -14000
Philips Electronics
Common
500472204
29680
33680
4000
Portal Software
Common
736126103
8000
90600
82600
Procter & Gamble
Common
742718109
32000
0
- -32000
Protective Life
Common
743674103
10000
10000
0
Providian Financial
Common
74406A102
60200
92200
32000
Qlogic Corp.
Common
747277101
4700
5400
700
Qualcomm
Common
747525103
485400
403400
- -82000
RF Micro Devices
Common
749941100
7800
0
- -7800
Ralston-Purina
Common
751277302
25400
25400
0
Realnetworks, Inc.
Common
75605L104
2600
0
- -2600
Red Hat, Inc.
Common
756577102
4200
24400
20200
Reynolds & Reynolds
Common
761695105
32000
32000
0
S T Microelectronics
Common
861012102
92000
116000
24000
SBC Communications
Common
78387G103
124628
139628
15000
Safeguard Scientific
Common
786449108
89500
279500
190000
Sapient
Common
803062108
209500
181900
- -27600
Schering Plough
Common
806605101
31000
28000
- -3000
Schlumberger Ltd
Common
806857108
27000
46000
19000
Servicemaster
Common
81760N109
79500
79500
0
Sigma-Aldrich
Common
826552101
55000
56000
1000
Skywest Inc.
Common
830879102
66400
66400
0
SmithKline Beechman PLC
ADR
Common
832378301
39700
48700
9000
Snap-On, Inc.
Common
833034101
37000
37000
0
Spanish Broadcasting
Common
846425882
40000
111800
71800
Sun Microsystems
Common
866810104
83000
80000
- -3000
Symbol Technologies
Common
871508107
107750
122750
15000
Synopsys
Common
871607107
139262
128262
- -11000
T.Rowe Price
Common
741477103
28500
28500
0
TMP Worldwide
Common
872941109
2000
0
- -2000
Telephone & Data Systems
Common
879433100
5250
0
- -5250
Tellabs
Common
879664100
101400
102100
700
Teradyne
Common
880770102
154400
166400
12000
Terayon
Common
880775101
69400
113400
44000
Tiffany & Co.
Common
886547108
10200
2200
- -8000
Tommy Hilfiger
Common
G8915Z102
210600
145300
- -65300
Transaction Systems
Architects
Common
893416107
56000
57000
1000
Transocean Sedco Forex Inc.
Common
893817106
5227
7227
2000
US Cellular Corp.
Common
911684108
5600
0
- -5600
US Interactive Inc.
Common
90334M109
38845
77845
39000
United Parcel Service
Common
911312106
32500
31500
- -1000
Univision Communications
Common
914906102
101000
125700
24700
Veritas Software Com
Common
92343P107
6300
6450
150
Vitesse Semiconductor
Common
928497106
255380
217980
- -37400
Walgreen Company
Common
931422109
177000
178000
1000
Warner Lambert
Common
934488107
38400
32400
- -6000
Wells Fargo & Co.
Common
949746101
41000
30000
- -11000
William Sonoma
Common
969904101
8700
0
- -8700
Women.Com Networks
Common
978149102
3500
3500
0
Xilinx
Common
983919101
21400
0
- -21400
Xircom Inc.
Common
983922105
7300
0
- -7300
Yahoo
Common
984332106
2100
4200
2100
</TABLE>
<TABLE> <C> <C>
</TABLE>
<TABLE> <C> <C>
Trades in Excess of $500,000
Period 12/31/99 - 3/31/00
BUYS:
Trade
Settle
Unit
Broker/
Date
Date
Shs
Security
Class
Cusip
Amount
Price
Dealer
1/5/00
1/10/00
4000
STMicroelectronics
Com
861012102
546097
136.52
Magna Securities
1/6/00
1/11/00
5000
STMicroelectronics
Com
861012102
634419
126.88
Muriel Siebert
1/10/00
1/13/00
6000
Internet Capital Group,
Inc.
Com
46059C106
968749
161.46
Charles Schwab
1/11/00
1/14/00
3000
JDS Uniphase
Com
46612J101
570500
190.17
Charles Schwab
1/14/00
1/20/00
6000
Computer Sciences
Com
205363104
564240
94.04
Pryor Counts & Co.
1/24/00
1/27/00
4000
Internet Capital Group,
Inc.
Com
46059C106
586125
146.53
Charles Schwab
1/24/00
1/27/00
6000
Johnson & Johnson
Com
478160104
514740
85.79
Magna Securities
1/24/00
1/27/00
6000
EMC Corp.
Com
268648102
696615
116.10
Pryor Counts & Co.
1/24/00
1/27/00
5000
Terayon
Com
880775101
554910
110.98
Charles Schwab
1/24/00
1/27/00
8000
Exodus Communications
Com
302088109
1048800
131.10
Malachi Group
1/24/00
1/27/00
13000
Terayon
Com
880775101
1508999
116.08
Malachi Group
1/26/00
1/31/00
11000
Enzo Biochemistry
Com
294100102
1083167
98.47
Magna Securities
1/27/00
2/1/00
6000
Enzo Biochemistry
Com
294100102
536865
89.48
Pryor Counts & Co.
1/27/00
2/1/00
9000
Enzo Biochemistry
Com
294100102
808485
89.83
Muriel Siebert
1/28/00
2/2/00
10000
Sapient
Com
803062108
931818
93.18
Malachi Group
2/3/00
2/8/00
5000
Red Hat, Inc.
Com
756577102
511250
102.25
Malachi Group
2/4/00
2/9/00
4000
Safeguard Scientific
Com
786449108
598910
149.73
Magna Securities
2/11/00
2/16/00
3000
Comverse Technology
Com
205862402
531624
177.21
Merrill Lynch
2/14/00
2/17/00
6000
Network Appliance
Com
64120L104
891046
148.51
Charles Schwab
2/16/00
2/22/00
7000
STMicroelectronics
Com
861012102
1362037
194.58
Magna Securities
2/16/00
2/22/00
3000
STMicroelectronics
Com
861012102
576617
192.21
Raymond James
2/16/00
2/22/00
3000
STMicroelectronics
Com
861012102
588336
196.11
US Discount
Brokerage
2/17/00
2/23/00
3000
Network Appliance
Com
64120L104
506812
168.94
Charles Schwab
2/24/00
2/29/00
6000
Cisco Systems
Com
17275R102
807000
134.50
Merrill Lynch
2/24/00
2/29/00
3000
STMicroelectronics
Com
861012102
806813
268.94
Muriel Siebert
2/24/00
2/29/00
8000
CMG Information Service
Com
125750109
927312
115.91
Charles Schwab
2/24/00
2/29/00
4000
Qualcomm
Com
747525103
550000
137.50
Charles Schwab
2/25/00
3/1/00
5000
Cisco Systems
Com
17275R102
672750
134.55
Charles Schwab
2/25/00
3/1/00
6000
Sun Microsystems
Com
866810104
565312
94.22
Charles Schwab
2/25/00
3/1/00
5000
Safeguard Scientific
Com
786449108
752200
150.44
Pryor Counts & Co.
2/25/00
3/1/00
9000
Internet Capital Group
Com
46059C106
978187
108.69
Malachi Group
2/29/00
3/3/00
4000
STMicroelectronics
Com
861012102
801660
200.42
Magna Securities
3/1/00
3/6/00
10000
Portal Software
Com
736126103
763375
76.34
Charles Schwab
3/1/00
3/6/00
6000
Terayon
Com
880775101
1429312
238.22
Charles Schwab
3/1/00
3/6/00
8000
Mercury Interactive
Com
589405109
824000
103.00
Malachi Group
3/1/00
3/6/00
8000
Portal Software
Com
736126103
618000
77.25
Malachi Group
3/1/00
3/6/00
3000
Terayon
Com
880775101
704310
234.77
Malachi Group
3/1/00
3/6/00
3000
Terayon
Com
880775101
700500
233.50
Merrill Lynch
3/2/00
3/7/00
8000
Teradyne
Com
880770102
715601
89.45
Magna Securities
3/2/00
3/7/00
8000
Univision
Communications
Com
914906102
728820
91.10
Magna Securities
3/2/00
3/7/00
7000
Teradyne
Com
880770102
609342
87.05
Muriel Siebert
3/2/00
3/7/00
4000
Exodus Communications
Com
302088109
586500
146.63
Charles Schwab
3/2/00
3/7/00
5000
Internet Capital Group
Com
46059C106
551875
110.38
Charles Schwab
3/2/00
3/7/00
8000
Portal Software
Com
736126103
569562
71.20
Charles Schwab
3/2/00
3/7/00
10000
Vitesse Semiconductor
Com
928497106
963438
96.34
Charles Schwab
3/3/00
3/8/00
4000
Terayon
Com
880775101
866750
216.69
Charles Schwab
3/6/00
3/9/00
6000
Mercury Interactive
Com
589405109
749250
124.87
Charles Schwab
3/6/00
3/9/00
5000
Sapient
Com
803062108
511116
102.22
Charles Schwab
3/7/00
3/10/00
8000
STMicroelectronics
Com
861012102
1634957
204.37
Magna Securities
3/7/00
3/10/00
8000
Comverse Technology
Com
205862402
1874000
234.25
Charles Schwab
3/7/00
3/10/00
8000
Internet Capital Group
Com
46059C106
1160093
145.01
Charles Schwab
3/7/00
3/10/00
4000
Terayon
Com
880775101
1037250
25931
Charles Schwab
3/8/00
3/13/00
4000
Comverse Technology
Com
205862402
864000
216.00
Charles Schwab
3/9/00
3/14/00
8000
Merticom
Com
591596101
629166
78.65
Charles Schwab
3/10/00
3/15/00
3000
Comverse Technology
Com
205862402
688125
229.38
Charles Schwab
3/13/00
3/16/00
6000
Linear Technology
Com
535678106
578475
96.41
Charles Schwab
3/16/00
3/21/00
3000
Network Appliance
Com
64120L104
533187
177.73
Charles Schwab
3/16/00
3/21/00
3000
Terayon
Com
880775101
579500
193.17
Charles Schwab
3/20/00
3/23/00
4000
Comverse Technology
Com
205862402
778000
194.50
Charles Schwab
3/20/00
3/23/00
5000
Network Appliance
Com
64120L104
948875
189.78
Charles Schwab
3/23/00
3/28/00
5000
STMicroelectronics
Com
861012102
952700
190.54
Muriel Siebert
3/23/00
3/28/00
6000
Linear Technology
Com
535678106
602312
100.39
Charles Schwab
3/24/00
3/29/00
7000
Johnson & Johnson
Com
478160104
503092
71.87
Magna Securities
3/27/00
3/30/00
6000
Sapient
Com
803062108
549375
95.56
Charles Schwab
3/27/00
3/30/00
5000
Merrill Lynch
Com
590188108
548475
109.70
Magna Securities
3/27/00
3/30/00
6000
Safeguard Scientific
Com
786449108
535571
89.26
Muriel Siebert
3/28/00
3/31/00
3000
Comverse Technology
Com
205862402
600000
200.00
Charles Schwab
3/28/00
3/31/00
9000
Safeguard Scientific
Com
786449108
750510
83.39
Magna Securities
3/29/00
4/3/00
5000
STMicroelectronics
Com
861012102
952075
190.42
Muriel Siebert
3/29/00
4/3/00
5000
EMC Corp.
Com
268648102
660700
132.14
Magna Securities
3/29/00
4/3/00
6000
Mercury Interactive
Com
589405109
513506
85.58
Malachi Group
3/30/00
4/4/00
3000
Comverse Technology
Com
205862402
522350
174.12
Malachi Group
3/30/00
4/4/00
3000
STMicroelectronics
Com
861012102
518495
172.83
Magna Securities
3/31/00
4/5/00
3000
Terayon
Com
880775101
623887
207.96
Merrill Lynch
SELLS:
Trade
Settle
Unit
Broker/
Date
Date
Shs
Security
Class
Cusip
Amount
Price
Dealer
1/7/00
1/12/00
4000
JDS Uniphase
Com
46612J101
656978
164.24
Salomon Smith
Barney
1/7/00
1/12/00
7000
EMC Corp.
Com
268648102
716071
102.30
Magna Securities
1/7/00
1/12/00
8000
CMG Information Service
Com
125750109
2117929
264.74
Charles Schwab
1/7/00
1/12/00
4000
Internet Capital Group
Com
46059C106
647978
162.00
Charles Schwab
1/7/00
1/12/00
8000
JDS Uniphase
Com
46612J101
1288957
161.12
Charles Schwab
1/7/00
1/12/00
7000
Network Appliance
Com
64120L104
515357
73.62
Charles Schwab
1/7/00
1/12/00
8000
Qualcomm
Com
747525103
1156461
144.56
Charles Schwab
1/7/00
1/12/00
6000
Sapient
Com
803062108
612354
102.06
Charles Schwab
1/7/00
1/12/00
5000
Comverse Technology
Com
205862402
653128
130.63
Malachi Group
1/7/00
1/12/00
3000
CMG Information Service
Com
125750109
771349
257.12
Salomon Smith
Barney
1/13/00
1/19/00
4000
JDS Uniphase
Com
46612J101
761162
190.29
Charles Schwab
1/13/00
1/19/00
6000
Qualcomm
Com
747525103
845971
141.00
Charles Schwab
1/13/00
1/19/00
8000
CMG Information Service
Com
125750109
1028765
128.60
Malachi Group
1/13/00
1/19/00
4000
JDS Uniphase
Com
46612J101
761162
190.29
Charles Schwab
1/13/00
1/19/00
3000
JDS Uniphase
Com
46612J101
562106
187.37
Salomon Smith
Barney
1/24/00
1/27/00
4000
Comverse Technology
Com
205862402
610479
152.62
Charles Schwab
1/25/00
1/28/00
6000
JDS Uniphase
Com
46612J101
1354454
225.74
Malachi Group
1/25/00
1/28/00
4000
Qualcomm
Com
747525103
586480
146.62
Salomon Smith
Barney
1/25/00
1/28/00
4000
JDS Uniphase
Com
46612J101
883470
220.87
Charles Schwab
1/26/00
1/31/00
5000
Network Appliance
Com
64120L104
556231
111.25
Charles Schwab
1/27/00
2/1/00
5000
Exodus Communications
Com
302088109
631228
126.25
Malachi Group
1/27/00
2/1/00
6000
Exodus Communications
Com
302088109
772057
128.68
Charles Schwab
1/27/00
2/1/00
3000
JDS Uniphase
Com
46612J101
682477
227.49
Charles Schwab
1/27/00
2/1/00
7000
Linear Technology
Com
535678106
638416
91.20
Charles Schwab
1/28/00
2/2/00
4000
Comverse Technology
Com
205862402
578647
144.66
Charles Schwab
1/31/00
2/3/00
5000
Qualcomm
Com
747525103
583730
116.75
Malachi Group
2/16/00
2/22/00
10000
Qualcomm
Com
747525103
1178085
117.81
Charles Schwab
2/1/00
2/4/00
3000
STMicroelectronics
Com
861012102
524212
174.74
Magna Securities
2/4/00
2/9/00
4000
Network Appliance
Com
64120L104
504483
126.12
Charles Schwab
2/11/00
2/16/00
6000
Network Appliance
Com
64120L104
898239
149.71
Malachi Group
2/16/00
2/22/00
3000
Comverse Technology
Com
205862402
542419
180.81
Charles Schwab
2/16/00
2/22/00
3000
Comverse Technology
Com
205862402
570730
190.24
Malachi Group
2/17/00
2/23/00
4000
Terayon
Com
880775101
578980
144.75
Malachi Group
2/17/00
2/23/00
3000
JDS Uniphase
Com
46612J101
643478
214.49
Charles Schwab
2/18/00
2/24/00
4000
STMicorelectronics
Com
861012102
758014
189.50
Magna Securities
2/18/00
2/24/00
4000
Qualcomm
Com
747525103
539732
134.93
Charles Schwab
2/22/00
2/25/00
3000
JDS Uniphase
Com
46612J101
641416
213.81
Charles Schwab
2/22/00
2/25/00
4000
JDS Uniphase
Com
46612J101
855971
213.99
Malachi Group
2/23/00
2/28/00
4000
Safeguard Scientific
Com
786449108
620319
155.08
Magna Securities
2/23/00
2/28/00
5000
EMC Corp.
Com
268648102
596655
119.33
Magna Securities
2/23/00
2/28/00
4000
STMicroelectronics
Com
861012102
806813
201.70
Muriel Siebert
2/23/00
2/28/00
5000
Cisco Systems
Com
17275R102
673415
134.68
Charles Schwab
2/23/00
2/28/00
5000
Comverse Technology
Com
205862402
918219
183.64
Charles Schwab
2/23/00
2/28/00
5000
Exodus Communications
Com
302088109
639666
127.93
Charles Schwab
2/23/00
2/28/00
4000
JDS Uniphase
Com
46612J101
895970
223.99
Charles Schwab
2/23/00
2/28/00
5000
Network Appliance
Com
64120L104
862471
172.49
Charles Schwab
2/23/00
2/28/00
4000
Qualcomm
Com
747525103
529982
132.50
Charles Schwab
2/23/00
2/28/00
9000
Sun Microsystems
Com
866810104
835284
92.81
Charles Schwab
2/23/00
2/28/00
10000
CMG Information Service
Com
125750109
1155899
115.59
Malachi Group
2/23/00
2/28/00
5000
JDS Uniphase
Com
46612J101
1173710
234.74
Malachi Group
2/23/00
2/28/00
3000
Network Appliance
Com
747525103
541481
180.49
Malachi Group
2/23/00
2/28/00
5000
Qualcomm
Com
747525103
716382
143.28
Malachi Group
2/24/00
2/29/00
4000
STMicroelectronics
Com
861012102
806813
201.70
Muriel Siebert
2/25/00
3/1/00
6000
Comverse Technology
Com
205862402
1135337
189.22
Charles Schwab
2/25/00
3/1/00
9000
Oracle Corporation
Com
68389X105
610741
67.86
Charles Schwab
2/29/00
3/3/00
4000
Network Appliance
Com
64120L104
752974
188.24
Malachi Group
3/6/00
3/9/00
3000
JDS Uniphase
Com
46612J101
892845
297.62
Charles Schwab
3/7/00
3/10/00
3000
Network Appliance
Com
64120L104
654103
218.03
Charles Schwab
3/8/00
3/13/00
3000
Comverse Technology
Com
205862402
682664
227.56
Charles Schwab
3/8/00
3/13/00
3000
Network Appliance
Com
64120L104
654728
218.24
Charles Schwab
3/8/00
3/13/00
4000
STMicroelectronics
Com
861012102
828812
207.20
Muriel Siebert
3/8/00
3/13/00
4000
STMicroelectronics
Com
861012102
831058
207.76
Magna Securities
3/9/00
3/14/00
3000
Comverse Technology
Com
205862402
673477
224.49
Merrill Lynch
3/9/00
3/14/00
4000
Cisco Systems
Com
17275R102
558481
139.62
Merrill Lynch
3/9/00
3/14/00
3000
Comverse Technology
Com
205862402
675727
225.24
Malachi Group
3/10/00
3/15/00
5000
Merrill Lynch
Com
590188108
538719
107.74
Magna Securities
3/10/00
3/15/00
6000
Teradyne
Com
880770102
530132
88.36
Magna Securities
3/17/00
3/22/00
4000
EMC Corporation
Com
268648102
510073
127.52
Magna Securities
3/22/00
3/27/00
4000
Comverse Technology
Com
205862402
826722
206.68
Charles Schwab
3/22/00
3/27/00
8000
Linear Technology
Com
535678106
806223
100.78
Charles Schwab
3/22/00
3/27/00
9000
Vitesse Semiconductor
Com
928497106
824972
91.66
Charles Schwab
3/22/00
3/27/00
4000
Exodus Communications
Com
302088109
649228
162.31
Malachi Group
3/24/00
3/29/00
3000
Comverse Technology
Com
205862402
613854
204.62
Charles Schwab
3/24/00
3/29/00
3000
STMicroelectronics
Com
861012102
596860
198.95
Muriel Siebert
3/27/00
3/30/00
3000
Comverse Technology
Com
205862402
616479
205.49
Malachi Group
3/27/00
3/30/00
3000
STMicroelectronics
Com
861012102
607397
202.47
Magna Securities
3/29/00
4/03/00
4000
General Electric
Com
369604103
639756
159.94
Magna Securities
3/30/00
4/4/00
4000
Comverse Technology
Com
205862402
727975
181.99
Charles Schwab
3/31/00
4/5/00
4000
STMicroelectronics
Com
861012102
741815
185.45
Pryor Counts & Co.
3/31/00
4/5/00
8000
Safeguard Scientifics
Com
786449108
557461
69.68
Magna Securities
3/31/00
4/5/00
5000
STMicroelectronics
Com
861012102
907269
181.45
Magna Securities
3/31/00
4/5/00
3000
Comverse Technology
Com
205862402
528732
176.24
Charles Schwab
3/31/00
4/5/00
9000
Elantec Semiconductors
Com
284155108
656727
72.97
Charles Schwab
3/31/00
4/5/00
4000
Exodus Communications
Com
302088109
557981
139.50
Charles Schwab
3/31/00
4/5/00
5000
JDS Uniphase
Com
46612J101
595917
119.18
Charles Schwab
3/31/00
4/5/00
8000
Lycos, Inc.
Com
550818108
535232
66.90
Charles Schwab
3/31/00
4/5/00
5000
Qualcomm
Com
747525103
750287
150.06
Charles Schwab
3/31/00
4/5/00
5000
Comverse Technology
Com
205862402
886220
177.24
Malachi Group
3/31/00
4/5/00
5000
Exodus Communications
Com
302088109
721225
144.25
Malachi Group
3/31/00
4/5/00
9000
Maxim Integrated
Products
Com
57772K101
611317
67.92
Malachi Group
</TABLE>
<TABLE> <C> <C>
</TABLE>
