-----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, Nh4DkDz7NaMeBHnA96ZuVmeJw42sOETTxEAIoAFmnBWMIw+J7QMWN1UViAtbwXE4 4LmDEFoJcFUbJbpx6T3eVQ== 0001085146-03-000331.txt : 20031112 0001085146-03-000331.hdr.sgml : 20031111 20031112075541 ACCESSION NUMBER: 0001085146-03-000331 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20030930 FILED AS OF DATE: 20031112 EFFECTIVENESS DATE: 20031112 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: 03990510 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 cyp3q03.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: September 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 November 10, 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: 92 Form13F Information Table Value Total: $281,916 (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 793 18627 SH SOLE 12727 0 5900 ALCON INC COM SHS H01301102 1272 22650 SH SOLE 20250 0 2400 ALLIANCE CAP MGMT HLDG L P UNIT LTD PARTN 01855a101 355 10600 SH SOLE 10600 0 0 ALTERA CORP COM 021441100 189 10000 SH SOLE 0 0 10000 AMERICAN EXPRESS CO COM 025816109 535 11875 SH SOLE 8875 0 3000 AMERICAN INTL GROUP INC COM 026874107 12228 211916 SH SOLE 190800 0 21116 AMGEN INC COM 031162100 5581 86430 SH SOLE 77018 0 9412 ANALOG DEVICES INC COM 032654105 3357 88300 SH SOLE 78700 0 9600 APPLIED MATLS INC COM 038222105 3194 176082 SH SOLE 148752 0 27330 BANK NEW YORK INC COM 064057102 5552 190715 SH SOLE 163245 0 27470 BANK OF AMERICA COM 06605F102 1458 18681 SH SOLE 13681 0 5000 BANK ONE CORP COM 06423A103 709 18350 SH SOLE 16050 0 2300 BERKSHIRE HATHAWAY INC DEL CL B 084670207 5973 2393 SH SOLE 2134 0 259 BURLINGTON RES INC COM 122014103 2795 57986 SH SOLE 50906 0 7080 CHEVRONTEXACO CORP COM 166764100 5243 73383 SH SOLE 66586 0 6797 CISCO SYS INC COM 17275R102 6590 337265 SH SOLE 300485 0 36780 CITIGROUP INC COM 172967101 15240 334881 SH SOLE 299430 0 35451 COCA COLA CO COM 191216100 6119 142425 SH SOLE 124900 0 17525 COMCAST CORP NEW CL A 20030N101 557 18050 SH SOLE 17600 0 450 COMCAST CORP NEW CL A SPL 20030N200 452 15300 SH SOLE 14300 0 1000 CORVIS CORP COM 221009103 26 20000 SH SOLE 20000 0 0 COSTCO WHSL CORP NEW COM 22160K105 760 24450 SH SOLE 20750 0 3700 DELL INC COM 24702R101 5968 178745 SH SOLE 163620 0 15125 DEVON ENERGY CORP NEW COM 25179M103 316 6550 SH SOLE 6550 0 0 DIAGEO P L C SPON ADR NEW 25243Q205 1713 38800 SH SOLE 29250 0 9550 DISNEY WALT CO COM DISNEY 254687106 6005 297709 SH SOLE 266909 0 30800 DOW CHEM CO COM 260543103 342 10500 SH SOLE 7500 0 3000 DU PONT E I DE NEMOURS & CO COM 263534109 760 19000 SH SOLE 16200 0 2800 ELECTRONIC ARTS INC COM 285512109 277 3000 SH SOLE 3000 0 0 EMERSON ELEC CO COM 291011104 316 6000 SH SOLE 1000 0 5000 ENCANA CORP COM 292505104 1233 33900 SH SOLE 31400 0 2500 ENTERPRISE PRODS PARTNERS L COM 293792107 1383 61175 SH SOLE 55675 0 5500 EXXON MOBIL CORP COM 30231g102 9519 260082 SH SOLE 234472 0 25610 FEDERAL NATL MTG ASSN COM 313586109 435 6200 SH SOLE 3700 0 2500 FIRST INVS FINL SVCS GROUP I COM 32058A101 1070 240600 SH SOLE 240600 0 0 GENERAL DYNAMICS CORP COM 369550108 3237 41464 SH SOLE 37114 0 4350 GENERAL ELEC CO COM 369604103 9630 323051 SH SOLE 291311 0 31740 GENERAL MLS INC COM 370334104 259 5500 SH SOLE 0 0 5500 GEORGIA PAC CORP COM 373298108 218 9000 SH SOLE 9000 0 0 GILLETTE CO COM 375766102 267 8350 SH SOLE 8350 0 0 GOLDMAN SACHS GROUP INC COM 38141g104 250 2979 SH SOLE 2979 0 0 HARTFORD FINL SVCS GROUP INC COM 416515104 395 7500 SH SOLE 7500 0 0 HEWLETT PACKARD CO COM 428236103 204 10561 SH SOLE 1561 0 9000 HOME DEPOT INC COM 437076102 576 18077 SH SOLE 16077 0 2000 HONEYWELL INTL INC COM 438516106 2139 81162 SH SOLE 72662 0 8500 INTEL CORP COM 458140100 6930 251912 SH SOLE 227232 0 24680 INTERNATIONAL BUSINESS MACHS COM 459200101 6947 78646 SH SOLE 69841 0 8805 JOHNSON & JOHNSON COM 478160104 10093 203823 SH SOLE 173697 0 30126 KERR MCGEE CORP COM 492386107 978 21900 SH SOLE 17900 0 4000 KIMBERLY CLARK CORP COM 494368103 1009 19655 SH SOLE 19555 0 100 KINDER MORGAN ENERGY PARTNER UT LTD PARTNER 494550106 200 4678 SH SOLE 4000 0 678 LINEAR TECHNOLOGY CORP COM 535678106 850 23750 SH SOLE 19850 0 3900 LOCKHEED MARTIN CORP COM 539830109 2290 49621 SH SOLE 45696 0 3925 LUCENT TECHNOLOGIES INC COM 549463107 20 9300 SH SOLE 1000 0 8300 MARSH & MCLENNAN COS INC COM 571748102 8533 179219 SH SOLE 153829 0 25390 MEDTRONIC INC COM 585055106 2064 43980 SH SOLE 37430 0 6550 MELLON FINL CORP COM 58551A108 2747 91140 SH SOLE 85290 0 5850 MERCK & CO INC COM 589331107 3963 78290 SH SOLE 71125 0 7165 MICROSOFT CORP COM 594918104 6807 244949 SH SOLE 217099 0 27850 MOLEX INC COM 608554101 254 8886 SH SOLE 7686 0 1200 MOLEX INC CL A 608554200 2528 103015 SH SOLE 91615 0 11400 MORGAN STANLEY COM NEW 617446448 7280 144277 SH SOLE 129452 0 14825 MOTOROLA INC COM 620076109 108 9000 SH SOLE 0 0 9000 NATIONAL CITY CORP COM 635405103 362 12300 SH SOLE 12300 0 0 NOKIA CORP SPONSORED ADR 654902204 3462 221900 SH SOLE 195200 0 26700 NORTHERN BORDER PARTNERS L P UNIT LTD PARTN 664785102 217 5000 SH SOLE 5000 0 0 NORTHROP GRUMMAN CORP COM 666807102 4312 50009 SH SOLE 45384 0 4625 NOVELLUS SYS INC COM 670008101 609 18050 SH SOLE 17350 0 700 ORACLE CORP COM 68389X105 309 27500 SH SOLE 27500 0 0 PEPSICO INC COM 713448108 10643 232229 SH SOLE 199352 0 32877 PFIZER INC COM 717081103 10950 360427 SH SOLE 317583 0 42844 PLUM CREEK TIMBER CO INC COM 729251108 605 23800 SH SOLE 23450 0 350 PNC FINL SVCS GROUP INC COM 693475105 3577 75170 SH SOLE 69395 0 5775 PROCTER & GAMBLE CO COM 742718109 7992 86101 SH SOLE 74901 0 11200 QUALCOMM INC COM 747525103 3754 90149 SH SOLE 72294 0 17855 RAYTHEON CO COM NEW 755111507 1100 39300 SH SOLE 36050 0 3250 ROYAL DUTCH PETE CO NY REG EUR .56 780257804 3153 71324 SH SOLE 65089 0 6235 SBC COMMUNICATIONS INC COM 78387G103 1948 87546 SH SOLE 71721 0 15825 STATE STR CORP COM 857477103 448 9950 SH SOLE 9950 0 0 TARGET COM 239753106 5514 146535 SH SOLE 130485 0 16050 TEMPLE INLAND INC COM 879868107 2097 43200 SH SOLE 43200 0 0 TEVA PHARMACEUTICAL INDS LTD ADR 881624209 421 7375 SH SOLE 7375 0 0 TEXAS INSTRS INC COM 882508104 6732 295271 SH SOLE 264371 0 30900 TIME WARNER COM 887317105 3843 254328 SH SOLE 235879 0 18449 US BANCORP DEL COM NEW 902973304 1981 82580 SH SOLE 76980 0 5600 VERIZON COMMUNICATIONS COM 92343v104 225 6942 SH SOLE 6942 0 0 VIACOM INC CL B 925524308 5987 156331 SH SOLE 141756 0 14575 WAL MART STORES INC COM 931142103 7267 130124 SH SOLE 116979 0 13145 WATSON PHARMACEUTICALS INC COM 942683103 1554 37275 SH SOLE 33625 0 3650 WEATHERFORD INTERNATIONAL LT COM G95089101 853 22575 SH SOLE 18775 0 3800 WELLS FARGO & CO NEW COM 949746101 791 15365 SH SOLE 15365 0 0 WYETH COM 983024100 2119 45965 SH SOLE 41665 0 4300
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