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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
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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
ALERE INC COM 01449J105 9,395 307,318 SH   SOLE   307,318 0 0
AXIALL CORP COM 05463D100 3,317 87,769 SH   SOLE   87,769 0 0
BEAM INC COM 073730103 5,530 85,542 SH   SOLE   85,542 0 0
CABLEVISION SYS CORP CL A NY CABLVS 12686C109 2,450 145,472 SH   SOLE   145,472 0 0
COMVERSE INC COM 20585P105 3,152 98,648 SH   SOLE   98,648 0 0
HERTZ GLOBAL HOLDINGS INC COM 42805T105 3,034 136,912 SH   SOLE   136,912 0 0
MBIA INC COM 55262C100 4,866 475,632 SH   SOLE   475,632 0 0
MICROSOFT CORP COM 594918104 7,054 211,972 SH   SOLE   211,972 0 0
MORGAN STANLEY COM NEW 617446448 2,737 101,562 SH   SOLE   101,562 0 0
NATIONAL BK GREECE S A ADR PRF SER A 633643507 2,654 217,540 SH   SOLE   217,540 0 0
NOBLE CORPORATION BAAR NAMEN -AKT H5833N103 3,501 92,704 SH   SOLE   92,704 0 0
NORDION INC COM 65563C105 3,167 367,018 SH   SOLE   367,018 0 0
PARKERVISION INC COM 701354102 949 283,321 SH   SOLE   283,321 0 0
PENNEY J C INC COM 708160106 857 97,300 SH Call SOLE   97,300 0 0
PEPSICO INC COM 713448108 7,064 88,853 SH   SOLE   88,853 0 0
TELEFONICA S A SPONSORED ADR 879382208 5,999 387,545 SH   SOLE   387,545 0 0
VERINT SYS INC COM 92343X100 8,266 223,049 SH   SOLE   223,049 0 0
VISTEON CORP COM NEW 92839U206 5,902 78,029 SH   SOLE   78,029 0 0
WESTERN DIGITAL CORP COM 958102105 9,211 145,286 SH   SOLE   145,286 0 0