X0201 4 2003-12-18 0 0000813619 SOUTHWALL TECHNOLOGIES INC /DE/ SWTX 0000767538 NEEDHAM & CO INC 445 PARK AVE NEW YORK NY 10022 0 0 1 0 0000890847 NEEDHAM EMERGING GROWTH PARTNERS LP C/O NEEDHAM & CO 445 PARK AVE NEW YORK NY 10022 0 0 1 0 0001165292 NEEDHAM CONTRARIAN FUND LP C/O NEEDHAM & CO 445 PARK AVE NEW YORK NY 10022 0 0 1 0 0001271418 NEEDHAM EMERGING GROWTH PARTNERS CAYMANS LP C/O NEEDHAM & CO 445 PARK AVE NEW YORK NY 10022 0 0 1 0 0001215611 NEEDHAM GEORGE A 445 PARK AVE NEW YORK NY 10022 0 0 1 0 0001167211 NEEDHAM MANAGEMENT PARTNERS L P 445 PARK AVENUE NEW YORK NY 10022 0 0 1 0 0001280466 NEEDHAM CAPITAL PARTNERS II L P 445 PARK AVENUE NEW YORK NY 10022 0 0 1 0 0001280465 NEEDHAM CAPITAL PARTNERS II BERMUDA L P 445 PARK AVENUE NEW YORK NY 10022 0 0 1 0 0001130539 NEEDHAM CAPITAL PARTNERS III LP C/O NEEDHAM & CO 445 PARK AVE NEW YORK NY 10022 0 0 1 0 0001130544 NEEDHAM CAPITAL PARTNERS IIIA LP C/O NEEDHAMN & CO 445 PARK AVE NEW YORK NY 10022 0 0 1 0 Warrant (right to buy) 0.01 2003-12-18 4 J 0 313705 D 2008-12-18 Common Stock 313705 627410 D Warrant (right to buy) 0.01 2003-12-18 4 A 0 26551 A 2008-12-18 Common Stock 26551 653961 D Warrant (right to buy) 0.01 2003-12-18 4 J 0 5772 D 2008-12-18 Common Stock 5772 648189 D Warrant (right to buy) 0.01 2004-01-15 4 A 0 941115 A 2009-01-15 Common Stock 941114 941115 D Warrant (right to buy) 0.01 2004-01-15 4 J 0 313705 D 2009-01-15 Common Stock 313705 627410 D Warrant (right to buy) 0.01 2004-01-19 4 A 0 10082 A 2009-01-19 Common Stock 10082 10082 D Warrant (right to buy) 0.01 2004-01-19 4 J 0 2649 D 2009-01-19 Common Stock 2649 7433 D Warrant (right to buy) 0.01 2004-01-30 4 A 0 4702 A 2009-01-30 Common Stock 4702 4702 D Warrant (right to buy) 0.01 2004-01-30 4 J 0 1235 D 2009-01-30 Common Stock 1235 3467 D This Form 4 is filed by Needham & Company, Inc. ("Needham") on behalf of itself and the joint filers identified on the signature pages hereto to disclose that Needham: (a) obtained the reported warrants pursuant to loan guaranties it provided to the Issuer and (b) transferred one-third of such warrants to Dolphin Equity Partners, L.P. ("Dolphin") at Needham's cost in connection with Dolphin's agreement to provide funds in connection with such loan guaranties. Needham disclaims beneficial ownership of the portion of the warrants obtained and transferred to Dolphin. Immediately exercisable. /s/ Glen W. Albanese, Chief Financial Officer 2004-04-23