-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MVSw9cRZ4zsFCGmqNOa7MEFFkZsI/nN3Wg1cmmHbjX2CqqMRrQjv349cNDemqWVg G8s4jASiutg+EUQna0dbQA== 0001085146-03-000256.txt : 20030813 0001085146-03-000256.hdr.sgml : 20030813 20030813165102 ACCESSION NUMBER: 0001085146-03-000256 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030630 FILED AS OF DATE: 20030813 EFFECTIVENESS DATE: 20030813 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CYPRESS ASSET MANAGEMENT INC/TX CENTRAL INDEX KEY: 0001030618 IRS NUMBER: 76049608 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-05956 FILM NUMBER: 03842061 BUSINESS ADDRESS: STREET 1: 2929 ALLEN PARKWAY STREET 2: SUITE 2200 CITY: HOUSTON STATE: TX ZIP: 77019 BUSINESS PHONE: 7135122100 MAIL ADDRESS: STREET 1: 2929 ALLEN PARKWAY STREET 2: SUITE 2200 CITY: HOUSTON STATE: TX ZIP: 77019 13F-HR 1 cyp2q03.txt CYPRESS ASSET MGMT UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 13F Form 13F COVER PAGE Report for the Calendar Year or Quarter Ended: June 30, 2003 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: Cypress Asset Management Inc Address: 2929 Allen Parkway, Suite 2200 Houston, TX 77019 13F File Number: 28-05956 The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report 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: Will Garwood Title: President Phone: 713-512-2146 Signature, Place, and Date of Signing: /s/ Will Garwood Houston, TX August 13, 2003 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form13F Information Table Entry Total: 103 Form13F Information Table Value Total: $287,287 (thousands) List of Other Included Managers: Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional managers with respect to which this report is filed, other than the manager filing this report. NONE FORM 13F INFORMATION TABLE VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DSCRETN MANAGERS SOLE SHARED NONE - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- ABBOTT LABS COM 002824100 695 15877 SH SOLE 10677 0 5200 ALCON INC COM SHS H01301102 1156 25300 SH SOLE 22950 0 2350 ALTERA CORP COM 021441100 165 10000 SH SOLE 0 0 10000 AMERICAN EXPRESS CO COM 025816109 525 12550 SH SOLE 9550 0 3000 AMERICAN INTL GROUP INC COM 026874107 12014 217722 SH SOLE 196406 0 21316 AMERICAN PWR CONVERSION CORP COM 029066107 211 13540 SH SOLE 13540 0 0 AMGEN INC COM 031162100 6229 94465 SH SOLE 85053 0 9412 AMKOR TECHNOLOGY INC COM 031652100 158 12000 SH SOLE 12000 0 0 ANADARKO PETE CORP COM 032511107 2176 48940 SH SOLE 44665 0 4275 ANALOG DEVICES INC COM 032654105 3304 94900 SH SOLE 85300 0 9600 AOL TIME WARNER INC COM 00184A105 4662 289720 SH SOLE 268746 0 20974 APPLIED MATLS INC COM 038222105 2797 176590 SH SOLE 149360 0 27230 ATMEL CORP COM 049513104 43 17000 SH SOLE 17000 0 0 BANK NEW YORK INC COM 064057102 5758 200265 SH SOLE 172795 0 27470 BANK OF AMERICA COM 06605F102 1417 17931 SH SOLE 12931 0 5000 BANK ONE CORP COM 06423A103 988 26580 SH SOLE 24280 0 2300 BERKSHIRE HATHAWAY INC DEL CL B 084670207 6277 2583 SH SOLE 2324 0 259 BURLINGTON RES INC COM 122014103 2777 51361 SH SOLE 44681 0 6680 CHEVRONTEXACO CORP COM 166764100 4890 67724 SH SOLE 61027 0 6697 CISCO SYS INC COM 17275R102 5805 345745 SH SOLE 308885 0 36860 CITIGROUP INC COM 172967101 14603 341188 SH SOLE 305537 0 35651 COCA COLA CO COM 191216100 6975 150283 SH SOLE 131858 0 18425 COSTCO WHSL CORP NEW COM 22160K105 1168 31900 SH SOLE 28200 0 3700 COX COMMUNICATIONS INC NEW CL A 224044107 239 7500 SH SOLE 7500 0 0 DELL COM 24702R101 5850 183720 SH SOLE 168695 0 15025 DEVON ENERGY CORP NEW COM 25179M103 678 12700 SH SOLE 12700 0 0 DIAGEO P L C SPON ADR NEW 25243Q205 1636 37375 SH SOLE 27925 0 9450 DISNEY WALT CO COM DISNEY 254687106 5941 300798 SH SOLE 269998 0 30800 DOW CHEM CO COM 260543103 325 10500 SH SOLE 7500 0 3000 DU PONT E I DE NEMOURS & CO COM 263534109 554 13300 SH SOLE 11100 0 2200 ELECTRONIC ARTS INC COM 285512109 251 3400 SH SOLE 3400 0 0 EMERSON ELEC CO COM 291011104 307 6000 SH SOLE 1000 0 5000 ENCANA CORP COM 292505104 1481 38600 SH SOLE 36400 0 2200 ENTERPRISE PRODS PARTNERS L COM 293792107 1036 45975 SH SOLE 40475 0 5500 EXXON MOBIL CORP COM 30231g102 9161 255102 SH SOLE 229592 0 25510 FAMILY DLR STORES INC COM 307000109 381 10000 SH SOLE 10000 0 0 FEDERAL NATL MTG ASSN COM 313586109 696 10325 SH SOLE 7325 0 3000 FIRST INVS FINL SVCS GROUP I COM 32058A101 753 251100 SH SOLE 251100 0 0 GAP INC DEL COM 364760108 206 11000 SH SOLE 11000 0 0 GENERAL DYNAMICS CORP COM 369550108 3065 42280 SH SOLE 37930 0 4350 GENERAL ELEC CO COM 369604103 9324 325097 SH SOLE 293357 0 31740 GENERAL MLS INC COM 370334104 261 5500 SH SOLE 0 0 5500 GEORGIA PAC CORP COM 373298108 373 19700 SH SOLE 19700 0 0 GILLETTE CO COM 375766102 298 9350 SH SOLE 9350 0 0 GLOBALSANTAFE CORP SHS G3930E101 210 9000 SH SOLE 9000 0 0 GOLDMAN SACHS GROUP INC COM 38141g104 257 3070 SH SOLE 3070 0 0 HARTFORD FINL SVCS GROUP INC COM 416515104 378 7500 SH SOLE 7500 0 0 HEWLETT PACKARD CO COM 428236103 225 10561 SH SOLE 1561 0 9000 HOME DEPOT INC COM 437076102 703 21227 SH SOLE 19027 0 2200 HONEYWELL INTL INC COM 438516106 2139 79667 SH SOLE 71517 0 8150 IDEC PHARMACEUTICALS CORP COM 449370105 458 13500 SH SOLE 13500 0 0 INTEL CORP COM 458140100 5233 251447 SH SOLE 226467 0 24980 INTERNATIONAL BUSINESS MACHS COM 459200101 6496 78737 SH SOLE 69882 0 8855 JOHNSON & JOHNSON COM 478160104 11222 217062 SH SOLE 186336 0 30726 KERR MCGEE CORP COM 492386107 604 13475 SH SOLE 11175 0 2300 KIMBERLY CLARK CORP COM 494368103 1030 19755 SH SOLE 19655 0 100 KING PHARMACEUTICALS INC COM 495582108 207 14000 SH SOLE 14000 0 0 LIBERTY MEDIA CORP NEW COM SER A 530718105 277 24000 SH SOLE 24000 0 0 LILLY ELI & CO COM 532457108 214 3100 SH SOLE 2400 0 700 LINEAR TECHNOLOGY CORP COM 535678106 769 23750 SH SOLE 19850 0 3900 LOCKHEED MARTIN CORP COM 539830109 2309 48546 SH SOLE 44621 0 3925 LSI LOGIC CORP COM 502161102 71 10000 SH SOLE 10000 0 0 MARSH & MCLENNAN COS INC COM 571748102 9634 188643 SH SOLE 163153 0 25490 MEDTRONIC INC COM 585055106 2121 44220 SH SOLE 37470 0 6750 MELLON FINL CORP COM 58551A108 2779 100140 SH SOLE 94490 0 5650 MERCK & CO INC COM 589331107 4889 80735 SH SOLE 73220 0 7515 MICRON TECHNOLOGY INC COM 595112103 145 12500 SH SOLE 12500 0 0 MICROSOFT CORP COM 594918104 6411 250036 SH SOLE 221906 0 28130 MOLEX INC COM 608554101 240 8886 SH SOLE 7686 0 1200 MOLEX INC CL A 608554200 2724 117665 SH SOLE 106265 0 11400 MORGAN STANLEY COM NEW 617446448 6451 150902 SH SOLE 136027 0 14875 NATIONAL CITY CORP COM 635405103 599 18300 SH SOLE 18300 0 0 NOKIA CORP SPONSORED ADR 654902204 3492 212555 SH SOLE 185855 0 26700 NORTHERN BORDER PARTNERS L P UNIT LTD PARTN 664785102 209 5000 SH SOLE 5000 0 0 NORTHROP GRUMMAN CORP COM 666807102 4623 53575 SH SOLE 48850 0 4725 ORACLE CORP COM 68389X105 230 19100 SH SOLE 19100 0 0 PEPSICO INC COM 713448108 10561 237322 SH SOLE 203945 0 33377 PFIZER INC COM 717081103 13380 391804 SH SOLE 345990 0 45814 PLUM CREEK TIMBER CO INC COM 729251108 217 8350 SH SOLE 8000 0 350 PNC FINL SVCS GROUP INC COM 693475105 3726 76345 SH SOLE 70670 0 5675 PROCTER & GAMBLE CO COM 742718109 7843 87949 SH SOLE 76499 0 11450 QUALCOMM INC COM 747525103 3445 95865 SH SOLE 78110 0 17755 RAYTHEON CO COM NEW 755111507 1517 46200 SH SOLE 42950 0 3250 ROYAL DUTCH PETE CO NY REG EUR .56 780257804 3605 77330 SH SOLE 71095 0 6235 SANMINA SCI CORP COM 800907107 88 14000 SH SOLE 14000 0 0 SBC COMMUNICATIONS INC COM 78387G103 3252 127276 SH SOLE 109151 0 18125 STATE STR CORP COM 857477103 392 9950 SH SOLE 9950 0 0 TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADR 874039100 101 10000 SH SOLE 10000 0 0 TARGET COM 239753106 6105 161335 SH SOLE 145135 0 16200 TEMPLE INLAND INC COM 879868107 2287 53300 SH SOLE 53300 0 0 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 819 14400 SH SOLE 14400 0 0 TEXAS INSTRS INC COM 882508104 5533 314401 SH SOLE 283701 0 30700 UNISYS CORP COM 909214108 147 12000 SH SOLE 12000 0 0 UNUMPROVIDENT CORP COM 91529y106 161 12000 SH SOLE 12000 0 0 US BANCORP DEL COM NEW 902973304 837 34175 SH SOLE 30675 0 3500 VERIZON COMMUNICATIONS COM 92343v104 320 8122 SH SOLE 8122 0 0 VIACOM INC CL B 925524308 6593 151017 SH SOLE 136842 0 14175 WAL MART STORES INC COM 931142103 7136 132965 SH SOLE 119420 0 13545 WALGREEN CO COM 931422109 242 8050 SH SOLE 7500 0 550 WEATHERFORD INTERNATIONAL LT COM G95089101 806 19225 SH SOLE 17325 0 1900 WELLS FARGO & CO NEW COM 949746101 774 15365 SH SOLE 15365 0 0 WRIGLEY WM JR CO COM 982526105 225 4000 SH SOLE 4000 0 0 WYETH COM 983024100 2217 48665 SH SOLE 44365 0 4300
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