NEON SYSTEMS. Closed position 12/29/05 at $6.16 for a 58% GAIN.
(being acquired by Progress Software)

IBIS TECHNOLOGY. Closed position 12/28/05 at $3.00 for a 56% GAIN.

GO-REMOTE. Closed position 12/28/05 at $1.65 for a 45% LOSS.
(being acquired by iPass)

NET2PHONE. Closed position 12/28/05 at $2.05 for a 41% LOSS.
(being acquired by IDT)

STAKTEK HOLDINGS. Closed position 11/29/05 at $6.05 for a 86% GAIN.

OPTICAL COMMUNICATION. Closed position 11/25/05 at $2.43 for a 50% GAIN.

AVANEX. Closed positon 11/25/05 at 72¢ for a 78% LOSS.

@ROAD, INC. Closed position 11/11/05 at $5.47 for a 56% GAIN.

OPLINK. Closed position 11/11/05 at $12.55 for a 27% LOSS.
(price reflects 1 for 7 reverse split)

TRIO-TECH. Closed position 11/9/05 at $5.93 for a 50% GAIN.

BRILLIAN CORPORATION. Closed position 10/20/05 at $5.89 for a 71% GAIN.

BINDVIEW DEVELOPMENT. Closed position 10/20/05 at $3.90 for a 30% GAIN.
(being acquired by Symantec)

CENTRA SOFTWARE. Closed position 10/20/05 at $1.77 for a 23% LOSS.
(being acquired by Saba Software)

TARGETED GENETICS. Closed position 10/20/05 at 60¢ for a 77% LOSS.

INSWEB CORPORATION.  Closed position 9/27/05 at $4.56 for a 58% GAIN.

TRANSGENE.  Closed position 9/26/05 at $2.75 for a 24% LOSS.

TUMBLEWEED COMMUNICATIONS. Closed position 9/14/05 at $3.95 for a 52% GAIN.

CENTILLIUM COMMUNICATIONS. Closed position 9/9/05 at $3.72 for a 57% GAIN.

OSTEOTECH, INC. Closed position 8/29/05 at $5.82 for a 64% GAIN.

E-LOAN, INC. Closed position 8/29/05 at $4.12 for a 29% GAIN.
(being acquired by Popular, Inc.)

GENEREX. Closed position 8/29/05 at 63¢ for a 71% LOSS.

REPLIGEN CORP. Closed position 7/27/05 at $3.35 for a 97% GAIN.

INFOSONICS CORP. Closed position 7/27/05 at $4.15 for a 69% GAIN.

AROTECH. Closed position 7/27/05 at $1.10 for a 65% LOSS.

SAVIENT PHARMACEUTICALS. Closed position 7/11/05 at $4.58 for a 52% GAIN.

ZHONE TECHNOLOGIES. Closed position 7/6/05 at $3.78 for a 54% GAIN.

INTRAWARE. Closed position 7/6/05 at 39¢ for a 71% LOSS.

THERMA-WAVE.  Closed position 6/23/05 at $2.50 for a 76% GAIN.

GLENAYRE TECHNOLOGIES. Closed position 6/10/05 at $3.72 for a 60% GAIN.

THREE-FIVE SYSTEMS. Closed position 6/9/05 at 60¢ for a 65% LOSS.

EMCORE CORPORATION. Closed position 6/2/05 at $4.22 for a 52% GAIN.

PEERLESS SYSTEMS. Closed position 5/27/05 at $4.10 for a 61% GAIN.

NUANCE COMMUNICATIONS. Closed position 5/10/05 at $4.65 for a 75% GAIN.
(being acquired by ScanSoft)

V.I. TECHNOLOGIES. Closed position 3/16/05 at $5.35 for a 78% LOSS.
(price reflects reverse split)

QUICKLOGIC. Closed position 2/16/05 at $4.15 for a 60% GAIN.

ALTAIR NANOTECHNOLOGIES. Closed position 2/10/05 at $4.72 for a 105% GAIN.

CORIO, INC. Closed position 1/25/05 at $2.78 for a 85% GAIN.
(being acquired by IBM)

ARGONAUT. Closed position 1/25/05 at 81¢ for a 69% LOSS.

VITRIA TECHNOLOGY. Closed positon 1/4/05 at $4.33 for a 52% GAIN.

The Newsletter is published twice-monthly. Upon receipt of your subscription, we will e-mail a password, and further information, to you. Good Luck.