-----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, OdHigo9aY55BEHPk744xHAGi9CUFz7ya2Y95SUM0ND6PKuZGbUBqoNlQ0oZOxbjp fMCgI/3jeBbDCI+5T/nYUA== 0001085146-06-000541.txt : 20060814 0001085146-06-000541.hdr.sgml : 20060814 20060814163237 ACCESSION NUMBER: 0001085146-06-000541 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20060630 FILED AS OF DATE: 20060814 DATE AS OF CHANGE: 20060814 EFFECTIVENESS DATE: 20060814 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: 061030981 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 cyp2q06.txt CYPRESS ASSET MANAGEMENT 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, 2006 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 14, 2006 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: 125 Form13F Information Table Value Total: $358,221 (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 - ------------------------------ ---------------- --------- -------- -------- --- ---- ------- ------------ -------- -------- -------- 3M COM 88579Y101 1499 18560 SH SOLE 16360 0 2200 ABB LTD COM 000375204 1219 94030 SH SOLE 82830 0 11200 ABBOTT LABS COM 002824100 1988 45585 SH SOLE 37085 0 8500 AEGON COM 007924103 1235 72373 SH SOLE 69173 0 3200 AGILENT TECH. COM 00846u101 288 9129 SH SOLE 629 0 8500 ALLIANCEBERNSTEIN COM 01881g106 9474 154955 SH SOLE 143330 0 11625 ALLIED CAPITAL COM 01903q108 2379 82675 SH SOLE 72500 0 10175 ALTERA COM 021441100 246 14000 SH SOLE 0 0 14000 ALTRIA GROUP COM 02209S103 2249 30629 SH SOLE 27829 0 2800 AMER EXPRESS COM 025816109 506 9500 SH SOLE 6500 0 3000 AMGEN COM 031162100 1492 22875 SH SOLE 19903 0 2972 AMVESCAP COM 03235E100 2455 132755 SH SOLE 128955 0 3800 ANALOG DEVICES COM 032654105 2376 73930 SH SOLE 65380 0 8550 APACHE COM 037411105 399 5840 SH SOLE 5840 0 0 APPLIED MATERIALS COM 038222105 3109 190979 SH SOLE 157279 0 33700 ARCH COAL COM 039380100 4419 104295 SH SOLE 87505 0 16790 BANK OF AMERICA COM 06605F102 3104 64530 SH SOLE 52530 0 12000 BANK OF NEW YORK COM 064057102 3932 122102 SH SOLE 11702 0 20400 BERKSHIRE HATHAWAY CL B COM 084670207 5572 1831 SH SOLE 1594 0 237 BP COM 055622104 4214 60538 SH SOLE 54988 0 5550 CADBURY SCHWEPPES COM 127209302 420 10825 SH SOLE 10825 0 0 CATERPILLAR COM 149123101 317 4250 SH SOLE 4250 0 0 CEMEX COM 151290889 2899 50886 SH SOLE 48186 0 2700 CHEVRON COM 166764100 10645 171534 SH SOLE 157548 0 13986 CISCO SYSTEMS COM 17275R102 4205 215310 SH SOLE 190480 0 24830 CITIGROUP COM 172967101 13514 280089 SH SOLE 252751 0 27338 COCA COLA COM 191216100 333 7730 SH SOLE 3730 0 4000 COLGATE PALMOLIVE COM 194162103 346 5777 SH SOLE 5777 0 0 CONOCOPHILLIPS COM 20825c104 5004 76358 SH SOLE 69706 0 6652 CONSOL ENERGY COM 20854P109 1894 40530 SH SOLE 36830 0 3700 COSTCO COM 22160K105 868 15200 SH SOLE 11600 0 3600 DEVON ENERGY COM 25179M103 2045 33856 SH SOLE 31806 0 2050 DIAGEO COM 25243Q205 6688 99003 SH SOLE 84028 0 14975 DOMINION RESOURCES COM 25746u109 2816 37650 SH SOLE 29950 0 7700 DOW CHEMICAL COM 260543103 1215 31125 SH SOLE 29125 0 2000 DUKE ENERGY COM 26441C105 5152 175409 SH SOLE 155809 0 19600 DUPONT COM 263534109 2874 69090 SH SOLE 60915 0 8175 ELI LILLY COM 532457108 264 4775 SH SOLE 3675 0 1100 EMERSON ELECTRIC COM 291011104 10986 131080 SH SOLE 115430 0 15650 ENCANA COM 292505104 463 8800 SH SOLE 8800 0 0 ENTERPRISE GP HOLDINGS COM 293716106 711 21925 SH SOLE 19375 0 2550 ENTERPRISE PDCTS PARTNERS COM 293792107 3689 148171 SH SOLE 138296 0 9875 EXELON COM 30161n101 439 7725 SH SOLE 7725 0 0 EXXON MOBIL COM 30231g102 13650 222490 SH SOLE 190180 0 32310 FLEXTRONICS COM Y2573F102 1139 107245 SH SOLE 91545 0 15700 FORDING CANADIAN COAL COM 345425102 1192 37595 SH SOLE 35095 0 2500 FORTUNE BRANDS COM 349631101 3747 52765 SH SOLE 48825 0 3940 FOUNDATION COAL HLDGS COM 35039W100 2530 53915 SH SOLE 49365 0 4550 FPL GROUP COM 302571104 1210 29239 SH SOLE 26739 0 2500 FRANKLIN RES COM 354613101 1306 15050 SH SOLE 13250 0 1800 GENERAL DYNAMICS COM 369550108 380 5800 SH SOLE 5800 0 0 GENERAL ELECTRIC COM 369604103 13589 412300 SH SOLE 378310 0 33990 GENERAL MILLS COM 370334104 465 9000 SH SOLE 1500 0 7500 GLOBAL SANTAFE COM G3930E101 2084 36085 SH SOLE 31910 0 4175 GOLDMAN SACHS COM 38141g104 10457 69515 SH SOLE 63265 0 6250 GRANT PRIDECO COM 38821G101 1287 28750 SH SOLE 28750 0 0 HALLIBURTON COM 406216101 2891 38955 SH SOLE 35255 0 3700 HERSHEY FOODS COM 427866108 1186 21545 SH SOLE 17895 0 3650 HOME DEPOT COM 437076102 1558 43525 SH SOLE 39325 0 4200 HONEYWELL INTL. COM 438516106 5996 148780 SH SOLE 136480 0 12300 HSBC HOLDINGS COM 404280406 534 6049 SH SOLE 6049 0 0 HUBBELL CL B COM 443510201 531 11150 SH SOLE 8650 0 2500 INTEL COM 458140100 4954 260742 SH SOLE 234712 0 26030 INTL. PAPER COM 460146103 1843 57045 SH SOLE 51845 0 5200 ISHARES MSCI AUSTRALIA COM 464286103 5786 278860 SH SOLE 239860 0 39000 ISHARES MSCI AUSTRIA COM 464286202 357 11550 SH SOLE 9600 0 1950 ISHARES MSCI CANADA COM 464286509 982 41350 SH SOLE 36450 0 4900 ISHARES MSCI GERMANY COM 464286806 255 11100 SH SOLE 11100 0 0 ISHARES MSCI JAPAN INDEX FD COM 464286848 1412 103540 SH SOLE 94040 0 9500 J P MORGAN COM 46625H100 7602 181004 SH SOLE 157854 0 23150 JDS UNIPHASE COM 46612j101 35 14000 SH SOLE 10000 0 4000 JOHNSON&JOHNSON COM 478160104 8512 142062 SH SOLE 121432 0 20630 KIMBERLY CLARK COM 494368103 3481 56416 SH SOLE 51566 0 4850 KINDER MORGAN COM 49455P101 834 8350 SH SOLE 7350 0 1000 KINDER MORGAN ENERGY COM 494550106 564 12278 SH SOLE 11600 0 678 LAB CORP AMER COM 50540R409 268 4300 SH SOLE 4300 0 0 LEGG MASON COM 524901105 2528 25400 SH SOLE 22525 0 2875 LEHMAN BRS HLDS COM 524908100 296 4550 SH SOLE 4250 0 300 LINEAR TECH COM 535678106 682 20355 SH SOLE 16555 0 3800 LUCENT TECH COM 549463107 32 13200 SH SOLE 10700 0 2500 MARATHON OIL COM 565849106 2726 32725 SH SOLE 31025 0 1700 MEDTRONIC COM 585055106 1514 32267 SH SOLE 28367 0 3900 MELLON FINANCIAL COM 58551A108 1210 35150 SH SOLE 31400 0 3750 MERRILL LYNCH COM 590188108 271 3900 SH SOLE 3900 0 0 MERRILL LYNCH PFD CAP PFD 59021S703 204 8000 SH SOLE 0 0 8000 MICROSOFT COM 594918104 4034 173114 SH SOLE 156884 0 16230 MOLEX CL A COM 608554200 1059 36850 SH SOLE 29850 0 7000 MORGAN STANLEY COM 617446448 10176 160982 SH SOLE 143007 0 17975 MOTOROLA COM 620076109 2128 105594 SH SOLE 82594 0 23000 NASDAQ 100 TRUST COM 631100104 215 5555 SH SOLE 5555 0 0 NATIONAL OILWELL VARCO COM 637071101 1815 28670 SH SOLE 24670 0 4000 NOKIA COM 654902204 4196 207115 SH SOLE 187915 0 19200 NUVEEN INVESTMENTS COM 67090F106 3082 71591 SH SOLE 65641 0 5950 ONEOK PARTNERS LP COM 68268n103 296 6000 SH SOLE 6000 0 0 PEABODY ENERGY COM 704549104 5767 103440 SH SOLE 90590 0 12850 PEPSICO COM 713448108 11506 191636 SH SOLE 163191 0 28445 PFIZER COM 717081103 5630 239872 SH SOLE 211690 0 28182 PLUM CREEK TIMBER COM 729251108 5857 164987 SH SOLE 136012 0 28975 PNC FINANCIAL COM 693475105 6186 88152 SH SOLE 79552 0 8600 PROCTER GAMBLE COM 742718109 8978 161483 SH SOLE 143633 0 17850 QUALCOMM COM 747525103 4766 118936 SH SOLE 87456 0 31480 RAYONIER INC REIT COM 754907103 265 6987 SH SOLE 6987 0 0 RAYTHEON COM 755111507 1103 24750 SH SOLE 22050 0 2700 SCHLUMBERGER COM 806857108 2233 34300 SH SOLE 28300 0 6000 SUNTRUST BANKS COM 867914103 221 2900 SH SOLE 2900 0 0 TARGET COM 239753106 3513 71894 SH SOLE 63544 0 8350 TEMPLE INLAND COM 879868107 2431 56700 SH SOLE 56700 0 0 TEVA PHARM INDS COM 881624209 861 27265 SH SOLE 24265 0 3000 TEXAS INSTRUMENTS COM 882508104 4111 135731 SH SOLE 122481 0 13250 TRANSOCEAN OFF COM G90078109 426 5300 SH SOLE 5300 0 0 TYCO INTL. COM 902124106 653 23752 SH SOLE 23752 0 0 UNITED PARCEL SERVICE COM 911312106 6606 80235 SH SOLE 73785 0 6450 UNITED TECHNOLOGIES COM 913017109 253 3996 SH SOLE 3996 0 0 VALERO ENERGY COM 91913Y100 293 4400 SH SOLE 4400 0 0 VANGUARD EUROPEAN VIPERS COM 922042874 734 12275 SH SOLE 10075 0 2200 VIACOM CL B COM 92553P201 1965 54825 SH SOLE 49375 0 5450 VULCAN MATERIALS COM 929160109 694 8900 SH SOLE 7800 0 1100 WAL-MART COM 931142103 512 10630 SH SOLE 7860 0 2770 WALGREEN COM 931422109 341 7600 SH SOLE 7600 0 0 WALT DISNEY COM 254687106 383 12775 SH SOLE 8275 0 4500 WEATHERFORD INTL. COM G95089101 7352 148160 SH SOLE 137060 0 11100 WEINGARTEN REALTY COM 948741103 792 20697 SH SOLE 16697 0 4000 WELLS FARGO COM 949746101 403 6005 SH SOLE 5505 0 500 WEYERHAEUSER COM 962166104 1543 24790 SH SOLE 20690 0 4100 WYETH COM 983024100 2820 63502 SH SOLE 57672 0 5830
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