The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABSOLUTE SOFTWARE CORPORATION COM 00386B109 3,633 562,000 SH   SOLE   562,000 0 0
ALLOT COMMUNICATIONS, LTD. COM IL0010996 848 65,000 SH   SOLE   65,000 0 0
BANKRATE INC COM 06647F102 186 10,600 SH   SOLE 1 10,600 0 0
CALIX INC. COM 13100M509 3,858 471,686 SH   DFND 1 471,686 0 0
CALLIDUS SOFTWARE COM 13123E500 2,541 212,800 SH   DFND 1 212,800 0 0
CONSTANT CONTACT INC COM 210313102 4,272 133,055 SH   DFND 1 133,055 0 0
CYAN INC. COM 23247W104 2,968 736,500 SH   DFND 1 736,500 0 0
ENVENTIS CORP COM 429060106 2,658 167,789 SH   DFND 1 167,789 0 0
EXAR CORP COM 300645108 2,931 259,400 SH   DFND 1 259,400 0 0
GSE SYSTEMS INC COM 36227K106 1,864 1,122,892 SH   SOLE   1,122,892 0 0
HYDROGENICS CORP. COM 448883108 2,068 110,729 SH   DFND 1 110,729 0 0
INCONTACT INC COM 45336E109 1,214 132,100 SH   DFND 1 132,100 0 0
INFORMATICA CORP COM 45666Q102 121 3,400 SH   SOLE 1 3,400 0 0
INPHI CORP COM 45772F107 5,254 357,900 SH   DFND 1 357,900 0 0
INTER-NAP NETWORK COM 45885A300 2,115 300,000 SH   DFND 1 300,000 0 0
INTEVAC INC COM 461148108 1,546 192,976 SH   SOLE   192,976 0 0
INVENSENSE INC COM 46123D205 1,815 80,000 SH   DFND 1 80,000 0 0
KRATOS DEFENSE & SECURITY SOLU COM 50077B207 2,667 341,949 SH   DFND 1 341,949 0 0
LRAD CORP. COM 50213V109 1,053 511,300 SH   SOLE   511,300 0 0
MANDALAY DIGITAL GROUP INC COM 562562207 715 181,100 SH   DFND 1 181,100 0 0
MATTERSIGHT CORPORATION COM 577097108 1,266 238,427 SH   DFND 1 238,427 0 0
MATTERSIGHT CORPORATION PRIVATE 577097108 265 50,000 SH   SOLE   50,000 0 0
NANOMETRICS INC COM 630077105 2,261 123,900 SH   SOLE   123,900 0 0
NQ MOBILE INC COM 64118U108 1,456 237,158 SH   DFND 1 237,158 0 0
02 MICRO INTERNATIONAL ADR 67107W100 1,556 456,200 SH   SOLE   456,200 0 0
OPLINK COMMUNICATIONS COM 68375Q106 3,503 206,400 SH   DFND 1 206,400 0 0
PLANET PAYMENT INC COM Y72603118 143 50,220 SH   DFND 1 50,200 0 0
PROCERA NETWORKS INC COM 74269U203 2,911 288,500 SH   DFND 1 288,500 0 0
RACKSPACE HOSTING INC. COM 750086100 67 2,000 SH   SOLE 1 2,000 0 0
RINGCENTRAL INC COM 76680R206 1,336 88,300 SH   DFND 1 88,300 0 0
SERVICENOW INC COM 81762P102 81 1,300 SH   SOLE 1 1,300 0 0
SERVICESOURCE INTL COM 81763U100 528 91,100 SH   DFND 1 91,100 0 0
SHORTEL INC COM 825211105 3,337 511,800 SH   DFND 1 511,800 0 0
SIZMEK INC COM 83013P105 209 21,900 SH   DFND 1 21,900 0 0
TECHTARGET INC COM 87874R100 1,412 160,139 SH   DFND 1 160,139 0 0
TOWER SEMICONDUCTOR LTD COM M87915100 1,277 140,600 SH   SOLE   140,600 0 0
TUCOWS INC COM 898697107 86 7,000 SH   SOLE 1 7,000 0 0
TREE.COM INC COM 894675107 3,541 121,500 SH   DFND 1 121,500 0 0
UNIVERSAL DISPLAY CORP COM 91347P105 1,846 57,500 SH   DFND 1 57,500 0 0
UNWIRED PLANET INC COM 683718308 2,348 1,052,800 SH   DFND 1 1,052,800 0 0
VERTEX ENERGY - PIPE COM 92534K107 775 100,000 SH   DFND 1 100,000 0 0
VERTEX ENERGY INC COM 92534K107 97 10,000 SH   DFND 1 10,000 0 0
VIOLIN MEMORY INC COM 92763A101 1,006 227,100 SH   DFND 1 227,100 0 0
VIRTUSA CORP COM 92827P102 2,188 61,128 SH   DFND 1 61,128 0 0
VOXX INTERNATIONAL CORP COM 91829F104 1,020 108,400 SH   DFND 1 108,400 0 0
WEB.COM GROUP INC COM 94733A104 1,972 68,301 SH   DFND 1 68,301 0 0
XG TECHNOLOGY COM 98372A309 240 119,500 SH   SOLE   119,500 0 0
ZENITH EPIGENETICS PRIVATE 000000000 144 300,500 SH   SOLE   300,500 0 0
ELOYALTY CORP. SERIES B CONV PF CVPF 290152990 115 22,475 SH   SOLE   22,475 0 0
OCZ TECHNOLOGY WTS EXP 11/01/1 WNT 6709949R5 0 267,749 SH   SOLE   267,749 0 0
RESVERLOGIX CORP WTS 06/14/16 WNT 76128M165 0 152,750 SH   SOLE   152,750 0 0
ZENITH EPIGENETICS WTS 6/14/1 WNT 989353115 35 152,750 SH   SOLE   152,750 0 0