Bought More iRobot (IRBT) And Some EMC Corporation (EMC) shares

We bought about 25% more iRobot (IRBT) shares at $17.80 and some EMC shares (EMC) at $15 per share. IRobot held up steady over the course of the correction during the first quarter. It is showing a little bit of weakness heading into the quarterly report. EMC valuation in January looked expensive when we used 2007 numbers. The situation has improved now with EMC premium having come down a little bit when using a conservative one-times 2008 revenue valuation for EMC and adding the 86% of the enterprise value of VMware (VMW).

Below is our updated portfolio:

Stock	Buy Date	Buy Price	Current Price	Current % Of Portfolio	Unrealized % Return	Current Yield
Altria (MO)	Various	16.69	21.43	3.71	28.44	5.1
Philip Morris International (MO)	1/4/2005	32.19	50.60	5.47	57.18	3.90
Kraft Foods (KFT)	Various	24.03	31.66	3.66	31.73	3.30
Plum Creek Timber (PCL)	5/12/2005	35.5	40.94	7.09	15.31	3.60
Pfizer (PFE)	Various	24.37	21.00	6.07	(13.82)	6.2
ICICI Bank (IBN)	5/18/2006	27.57	40.46	7.01	46.74	0.80
Taiwan Semi (TSM)	7/27/2006	8.71	10.38	6.00	19.35	3.60
Advantage Energy Fund (AAV)	11/2/2006	11.22	11.40	4.28	1.57	16.80
SunTech Power (STP) Call Value	3/14/2007	36.73	45	5.20	22.53	None
Central Europe & Russia Fund (CEE)	Various	51.03	49.04	5.67	(3.90)	17.90
Patni Computers (PTI)	8/10/2007	20.85	12.42	3.59	(40.48)	0.80
Itron Inc. (ITRI)	11/07/2007	85.01	97.08	5.61	14.06	None
Anthracite (AHR)	11/09/2007	7.97	7.41	4.28	(7.02)	15.60
ClickSoftware (CKSW)	11/09/2007	4.61	3.00	1.73	(34.92)	None
Harvest Energy (HTE)	11/28/2007	21.01	22.94	5.30	9.16	16.30
iRobot (IRBT)	12/18/2007	18.65	17.94	4.15	(2.98)	None
MCG Capital (MCGC)	Various	10.86	8.23	3.80	(24.23)	15.00
LDK Solar (LDK)	01/22/2008	30.49	33.15	5.74	8.71	None
Cypress Semiconductor Corporation (CY)	04/02/2008	24.89	26.50	5.73	6.45	None
EMC Corporation (EMC)	04/08/2008	15.00	14.82	4.82	(1.04)	None
Cash				6.80
Total Portfolio					4.90

• For SunTech Power (STP), we wrote a covered call option for 2008 June 45 on 4/1/2008 at $4.30.
• For Taiwan Semiconductor (TSM), we wrote a covered call option for 2008 April 12.5 at $0.35 on 10/18/2007.
• For Altria and Philip Morris International, assumed spin-off ratio of 30.83:69.17. Altria to yet to supply the cost-basis info
• For Cypress Semiconductor Corporation, we wrote a covered call option for 2008 April 27 on 4/4/2008