Herald Investment Management 13F filings and top holdings and stakes

Herald Investment Management as of Dec. 31, 2010

Portfolio Holdings for Herald Investment Management

Herald Investment Management holds 3 positions in its portfolio as reported in the December 2010 quarterly 13F filing

Company (Ticker)	Portfolio Weight	Valued At	Share Count	Share Price
Apple	34.6	$839k	2.6k	322.69
Google Inc Cl A	33.1	$802k	1.4k	594.07
F5 Networks	32.2	$781k	6.0k	130.17

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