13F-HR 1 brightfieldcapital033112.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 13F FORM 13F COVER PAGE Report for the Calendar Year or Quarter Ended: March 30, 2012 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: Brightfield Capital Management Address: 780 3rd Avenue 45th Floor New York, NY 13 File Number: 28-10020 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 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: Kenneth Epstein Title: General Partner Phone: Signature, Place and Date of Signing: Kenneth Epstein New York, NY April 5, 2012 Report Type (Check only one.): [ X] 13F HOLDINGS REPORT. [ ] 13F NOTICE. [ ] 13F COMBINATION REPORT. I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934 FORM 13F SUMMARY PAGE Report Summary: Number of Other Included Managers: 0 Form 13F Information Table Entry Total: 48 Form 13F Information Table Value Total: 117593 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 DISCRETN MANAGERS SOLE SHARED NONE ------------------------------ ---------------- --------- -------- -------- --- ---- -------- --------- -------- -------- -------- D ACTUATE CORP COM STK COMMON STOCK 00508B102 1426 226998 SH SOLE 226998 0 0 D AUDIOCODES LTD COM STK COMMON STOCK M15342104 834 306753 SH SOLE 306753 0 0 D AVIAT NETWORKS INC INC COM ST COMMON STOCK 05366Y102 4512 1600000 SH SOLE 1600000 0 0 D BROCADE COMMUNICATIO NS SYSTEM COMMON STOCK 111621306 2875 500000 SH SOLE 500000 0 0 D BROOKS AUTOMATION IN C COM STK COMMON STOCK 114340102 2466 200000 SH SOLE 200000 0 0 D CALIX NETWORKS INC COM STK COMMON STOCK 13100M509 1075 126000 SH SOLE 126000 0 0 D DELL INC COM STK COMMON STOCK 24702R101 415 25000 SH SOLE 25000 0 0 D ELECTRONICS FOR IMAG ING INC C COMMON STOCK 286082102 2909 175000 SH SOLE 175000 0 0 D EMCORE CORPORATION COM STK COMMON STOCK 290846203 517 108336 SH SOLE 108336 0 0 D EMULEX CORP COM NEW COMMON STOCK 292475209 3633 350000 SH SOLE 350000 0 0 D ENTROPIC COMMUNICATI ONS INC C COMMON STOCK 29384R105 2252 386328 SH SOLE 386328 0 0 D FALCONSTOR SOFTWARE INC COM ST COMMON STOCK 306137100 1789 478430 SH SOLE 478430 0 0 D FIRST SOLAR INC COMMON STOCK 336433107 501 20000 SH SOLE 20000 0 0 D FORMFACTOR INC COM STK COMMON STOCK 346375108 4464 800000 SH SOLE 800000 0 0 D HARMONIC INC COM STK COMMON STOCK 413160102 2075 379300 SH SOLE 379300 0 0 D INTEGRATED DEVICE TE CHNOLOGY COMMON STOCK 458118106 2324 325000 SH SOLE 325000 0 0 D INTEGRATED SILICON S OLUTION I COMMON STOCK 45812P107 2232 200000 SH SOLE 200000 0 0 D INTERNAP NETWORK SVC S CORP CO COMMON STOCK 45885A300 3277 445202 SH SOLE 445202 0 0 D IPASS INC COM STK COMMON STOCK 46261V108 2178 837700 SH SOLE 837700 0 0 D MARVELL TECHNOLOGY G ROUP LTD COMMON STOCK G5876H105 2360 150000 SH SOLE 150000 0 0 D MATTERSIGHT CORP COM STK COMMON STOCK 577097108 4250 500000 SH SOLE 500000 0 0 D MATTSON TECHNOLOGY I NC COM ST COMMON STOCK 577223100 1985 716478 SH SOLE 716478 0 0 D MAXLINEAR INC COMMON STOCK 57776J100 1114 200000 SH SOLE 200000 0 0 D MEMC ELECTRONIC MATE RIALS INC COMMON STOCK 552715104 2527 700000 SH SOLE 700000 0 0 D MERU NETWORKS INC COMMON STOCK 59047Q103 1373 338895 SH SOLE 338895 0 0 D MICRON TECHNOLOGY IN C COM STK COMMON STOCK 595112103 2833 350000 SH SOLE 350000 0 0 D NOVATEL WIRELESS INC COM STK COMMON STOCK 66987M604 3417 1020000 SH SOLE 1020000 0 0 D O2MICRO INTERNATIONA L LTD ADR ADRS STOCKS 67107W100 3422 610000 SH SOLE 610000 0 0 D OPNEXT INC COMMON STOCK 68375V105 1496 965376 SH SOLE 965376 0 0 D PDF SOLUTIONS INC COM STK COMMON STOCK 693282105 2865 339861 SH SOLE 339861 0 0 D PHOTRONICS INC COM STK COMMON STOCK 719405102 299 45000 SH SOLE 45000 0 0 D PIXELWORKS INC COM STK COMMON STOCK 72581M305 1839 806773 SH SOLE 806773 0 0 D PLANAR SYS INC COM STK COMMON STOCK 726900103 2340 974988 SH SOLE 974988 0 0 D PREMIERE GLOBAL SERV ICES INC COMMON STOCK 740585104 2622 290000 SH SOLE 290000 0 0 D PROSHARES QQQ ULTRAS HORT US ETF'S - US TR 74347X237 9841 325000 SH SOLE 325000 0 0 D PROSHARES ULTRASHORT 2000 US ETF'S - US TR 74348A202 8738 295000 SH SOLE 295000 0 0 D RESEARCH IN MOTION LTD COMMON STOCK 760975102 2058 140000 SH SOLE 140000 0 0 D RUDOPLH TECHNOLOGIES INC COM COMMON STOCK 781270103 2500 225000 SH SOLE 225000 0 0 D SHORETEL INC COMMON STOCK 825211105 2840 500000 SH SOLE 500000 0 0 D SIGMA DESIGNS INC COM STK COMMON STOCK 826565103 1029 198638 SH SOLE 198638 0 0 D SILICON GRAPHICS INTERNATIONAL COMMON STOCK 82706L108 1317 136085 SH SOLE 136085 0 0 D SONUS NETWORKS INC COM STK COMMON STOCK 835916107 2320 800000 SH SOLE 800000 0 0 D SOUNDBITE COMMUNICAT IONS INC COMMON STOCK 836091108 2024 674700 SH SOLE 674700 0 0 D SYMANTEC CORP COM STK COMMON STOCK 871503108 1870 100000 SH SOLE 100000 0 0 D SYMMETRICOM INC COM STK COMMON STOCK 871543104 2250 390000 SH SOLE 390000 0 0 D VASCO DATA SEC INTL INC COM ST COMMON STOCK 92230Y104 1440 133426 SH SOLE 133426 0 0 D WEBSENSE INC COM STK COMMON STOCK 947684106 2109 100000 SH SOLE 100000 0 0 D YAHOO INC COM STK COMMON STOCK 984332106 761 50000 SH SOLE 50000 0 0 S REPORT SUMMARY 48 DATA RECORDS 117593 0 OTHER MANAGERS ON WHOSE BEHALF REPORT IS FILED