Document:

EXHIBIT 4.1

                       LIVESTAR ENTERTAINMENT GROUP, INC.
              EMPLOYEE STOCK INCENTIVE PLAN FOR THE YEAR 2003 NO. 2

     1.     General  Provisions.
            -------------------

     1.1     Purpose.  This  Stock  Incentive  Plan  (the "Plan") is intended to
             -------
allow  designated officers and employees (all of whom are sometimes collectively
referred  to  herein  as  the "Employees," or individually as the "Employee") of
Livestar Entertainment Group, Inc., a Nevada corporation (the "Company") and its
Subsidiaries  (as  that  term is defined below) which they may have from time to
time (the Company and such Subsidiaries are referred to herein as the "Company")
to receive certain options (the "Stock Options") to purchase common stock of the
Company, par value $0.0001 per share (the "Common Stock"), and to receive grants
of  the Common Stock subject to certain restrictions (the "Awards").  As used in
this  Plan,  the  term  "Subsidiary"  shall  mean  each  corporation  which is a
"subsidiary  corporation" of the Company within the meaning of Section 424(f) of
the Internal Revenue Code of 1986, as amended (the "Code").  The purpose of this
Plan  is  to provide the Employees with equity-based compensation incentives who
make  significant  and  extraordinary  contributions to the long-term growth and
performance  of  the  Company,  and  to  attract  and  retain  the  Employees.

     1.2     Administration.
             --------------

     1.2.1     The Plan shall be administered by the Compensation Committee (the
"Committee")  of,  or  appointed  by, the Board of Directors of the Company (the
"Board").  The  Committee  shall select one of its members as Chairman and shall
act  by  vote  of  a  majority  of a quorum, or by unanimous written consent.  A
majority  of  its  members  shall  constitute  a quorum.  The Committee shall be
governed  by the provisions of the Company's Bylaws and of Nevada law applicable
to  the  Board,  except as otherwise provided herein or determined by the Board.

     1.2.2     The  Committee  shall  have  full  and complete authority, in its
discretion,  but  subject  to the express provisions of this Plan (a) to approve
the Employees nominated by the management of the Company to be granted Awards or
Stock  Options;  (b)  to  determine  the number of Awards or Stock Options to be
granted  to  an  Employee; (c) to determine the time or times at which Awards or
Stock Options shall be granted; to establish the terms and conditions upon which
Awards  or  Stock  Options  may  be  exercised;  (d)  to  remove  or  adjust any
restrictions and conditions upon Awards or Stock Options; (e) to specify, at the
time  of  grant,  provisions  relating to exercisability of Stock Options and to
accelerate  or otherwise modify the exercisability of any Stock Options; and (f)
to  adopt such rules and regulations and to make all other determinations deemed
necessary or desirable for the administration of this Plan.  All interpretations
and  constructions  of  this  Plan  by  the  Committee,  and  all of its actions
hereunder,  shall  be  binding  and  conclusive on all persons for all purposes.

     1.2.3     The  Company  hereby  agrees  to indemnify and hold harmless each
Committee  member  and each Employee, and the estate and heirs of such Committee
member  or  Employee,  against  all  claims,  liabilities,  expenses, penalties,
damages  or  other  pecuniary losses, including legal fees, which such Committee
member  or  Employee,  his  estate  or  heirs  may  suffer  as  a  result of his
responsibilities,  obligations  or  duties  in connection with this Plan, to the
extent  that  insurance,  if  any, does not cover the payment of such items.  No
member  of  the  Committee  or  the  Board  shall  be  liable  for any action or
determination made in good faith with respect to this Plan or any Award or Stock
Option  granted  pursuant  to  this  Plan.

     1.3     Eligibility  and  Participation.  The Employees eligible under this
             -------------------------------
Plan shall be approved by the Committee from those Employees who, in the opinion
of  the  management  of  the Company, are in positions which enable them to make
significant  contributions  to  the  long-term  performance  and  growth  of the
Company.  In  selecting  the  Employees  to  whom  Award or Stock Options may be
granted,  consideration  shall  be given to factors such as employment position,
duties  and  responsibilities, ability, productivity, length of service, morale,
interest  in  the  Company  and  recommendations  of  supervisors.

     1.4     Shares  Subject  to this Plan.  The maximum number of shares of the
             -----------------------------
Common  Stock  that  may  be  issued  pursuant  to this Plan shall be 55,000,000
subject to adjustment pursuant to the provisions of Paragraph 4.1.  If shares of
the Common Stock awarded or issued under this Plan are reacquired by the Company
due  to a forfeiture

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or  for  any  other  reason, such shares shall be cancelled and thereafter shall
again  be  available  for  purposes  of  this  Plan.  If a Stock Option expires,
terminates or is cancelled for any reason without having been exercised in full,
the shares of the Common Stock not purchased thereunder shall again be available
for  purposes  of  this  Plan.

     2.     Provisions  Relating  to  Stock  Options.
            ----------------------------------------

     2.1     Grants  of Stock Options.  The Committee may grant Stock Options in
             ------------------------
such amounts, at such times, and to the Employees nominated by the management of
the  Company  as the Committee, in its discretion, may determine.  Stock Options
granted  under  this  Plan shall constitute "incentive stock options" within the
meaning  of  Section  422  of the Code, if so designated by the Committee on the
date  of  grant.  The  Committee  shall  also have the discretion to grant Stock
Options  which  do  not  constitute  incentive stock options, and any such Stock
Options  shall be designated non-statutory stock options by the Committee on the
date  of  grant.  The  aggregate Fair Market Value (determined as of the time an
incentive  stock  option  is  granted) of the Common Stock with respect to which
incentive  stock  options  are  exercisable  for  the first time by any Employee
during  any  one calendar year (under all plans of the Company and any parent or
subsidiary  of  the  Company)  may not exceed the maximum amount permitted under
Section  422  of the Code (currently, $100,000.00).  Non-statutory stock options
shall  not  be  subject  to  the limitations relating to incentive stock options
contained  in the preceding sentence.  Each Stock Option shall be evidenced by a
written  agreement (the "Option Agreement") in a form approved by the Committee,
which shall be executed on behalf of the Company and by the Employee to whom the
Stock  Option is granted, and which shall be subject to the terms and conditions
of  this  Plan.  In  the  discretion of the Committee, Stock Options may include
provisions  (which  need  not  be  uniform),  authorized by the Committee in its
discretion,  that  accelerate  an  Employee's  rights  to exercise Stock Options
following  a  "Change in Control," upon termination of the Employee's employment
by  the  Company  without  "Cause" or by the Employee for "Good Reason," as such
terms  are  defined in Paragraph 3.1 hereof.  The holder of a Stock Option shall
not  be  entitled  to  the privileges of stock ownership as to any shares of the
Common  Stock  not  actually  issued  to  such  holder.

     2.2     Purchase  Price.  The  purchase  price  (the  "Exercise  Price") of
             ---------------
shares  of  the  Common Stock subject to each Stock Option (the "Option Shares")
shall  not  be less than 85 percent of the Fair Market Value of the Common Stock
on the date of exercise.  For an Employee holding greater than 10 percent of the
total  voting power of all stock of the Company, either Common or Preferred, the
Exercise Price of an incentive stock option shall be at least 110 percent of the
Fair  Market  Value  of the Common Stock on the date of the grant of the option.
As  used  herein,  "Fair  Market  Value"  means the mean between the highest and
lowest  reported sales prices of the Common Stock on the New York Stock Exchange
Composite  Tape  or,  if  not  listed  on  such  exchange, on any other national
securities  exchange  on which the Common Stock is listed or on The Nasdaq Stock
Market,  or,  if  not so listed on any other national securities exchange or The
Nasdaq  Stock  Market,  then  the  average  of the bid price of the Common Stock
during  the  last  five  trading  days  on  the  OTC  Bulletin Board immediately
preceding  the last trading day prior to the date with respect to which the Fair
Market  Value  is  to  be  determined.  If the Common Stock is not then publicly
traded,  then  the Fair Market Value of the Common Stock shall be the book value
of  the  Company  per  share  as  determined  on  the  last  day of March, June,
September, or December in any year closest to the date when the determination is
to  be  made.  For  the  purpose of determining book value hereunder, book value
shall  be  determined  by adding as of the applicable date called for herein the
capital,  surplus,  and  undivided  profits  of  the  Company,  and after having
deducted  any  reserves theretofore established; the sum of these items shall be
divided by the number of shares of the Common Stock outstanding as of said date,
and  the  quotient thus obtained shall represent the book value of each share of
the  Common  Stock  of  the  Company.

     2.3     Option Period.  The Stock Option period (the "Term") shall commence
             -------------
on  the  date of grant of the Stock Option and shall be 10 years or such shorter
period  as is determined by the Committee.  Each Stock Option shall provide that
it  is  exercisable over its term in such periodic installments as the Committee
may  determine,  subject to the provisions of Paragraph 2.4.1.  Section 16(b) of
the  Securities  Exchange  Act  of 1934, as amended (the "Exchange Act") exempts
persons  normally  subject to the reporting requirements of Section 16(a) of the
Exchange  Act  (the  "Section  16  Reporting  Persons")  pursuant to a qualified
employee  stock  option plan from the normal requirement of not selling until at
least six months and one day from the date the Stock Option is granted.

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     2.4     Exercise  of  Options.
             ---------------------

     2.4.1     Each  Stock  Option may be exercised in whole or in part (but not
as  to  fractional  shares) by delivering it for surrender or endorsement to the
Company,  attention  of  the Corporate Secretary, at the principal office of the
Company,  together with payment of the Exercise Price and an executed Notice and
Agreement of Exercise in the form prescribed by Paragraph 2.4.2.  Payment may be
made  (a)  in  cash,  (b)  by  cashier's or certified check, (c) by surrender of
previously owned shares of the Common Stock valued pursuant to Paragraph 2.2 (if
the Committee authorizes payment in stock in its discretion), (d) by withholding
from  the  Option  Shares which would otherwise be issuable upon the exercise of
the Stock Option that number of Option Shares equal to the exercise price of the
Stock  Option,  if  such  withholding  is  authorized  by  the  Committee in its
discretion,  or  (e)  in the discretion of the Committee, by the delivery to the
Company  of the optionee's promissory note secured by the Option Shares, bearing
interest  at  a  rate  sufficient  to  prevent  the imputation of interest under
Sections  483 or 1274 of the Code, and having such other terms and conditions as
may  be  satisfactory  to  the  Committee.  Subject  to  the  provisions of this
Paragraph  2.4  and Paragraph 2.5, the Employee has the right to exercise his or
her  Stock Options at the rate of at least 20% per year over five years from the
date  the  Stock  Option  is  granted.

     2.4.2     Exercise  of  each Stock Option is conditioned upon the agreement
of  the  Employee  to  the  terms  and conditions of this Plan and of such Stock
Option  as  evidenced  by  the Employee's execution and delivery of a Notice and
Agreement  of  Exercise  in  a  form  to  be  determined by the Committee in its
discretion.  Such Notice and Agreement of Exercise shall set forth the agreement
of  the Employee that (a) no Option Shares will be sold or otherwise distributed
in violation of the Securities Act of 1933, as amended (the "Securities Act") or
any  other  applicable  federal  or state securities laws, (b) each Option Share
certificate  may be imprinted with legends reflecting any applicable federal and
state  securities  law  restrictions  and conditions, (c) the Company may comply
with  said securities law restrictions and issue "stop transfer" instructions to
its  Transfer  Agent  and  Registrar without liability, (d) if the Employee is a
Section  16 Reporting Person, the Employee will furnish to the Company a copy of
each  Form  4  or Form 5 filed by said Employee and will timely file all reports
required  under  federal  securities  laws, and (e) the Employee will report all
sales  of  Option  Shares  to the Company in writing on a form prescribed by the
Company.

     2.4.3     No  Stock  Option  shall  be  exercisable  unless  and  until any
applicable  registration  or  qualification  requirements  of  federal and state
securities  laws,  and  all  other  legal requirements, have been fully complied
with.  At no time shall the total number of securities issuable upon exercise of
all  outstanding  options  under  this  Plan, and the total number of securities
provided  for under any bonus or similar plan or agreement of the Company exceed
a  number of securities which is equal to 30% of the then outstanding securities
of  the  Company,  unless  a  percentage higher than 30% is approved by at least
two-thirds of the outstanding securities entitled to vote.  The Company will use
reasonable  efforts  to  maintain  the effectiveness of a Registration Statement
under  the  Securities Act for the issuance of Stock Options and shares acquired
thereunder,  but  there may be times when no such Registration Statement will be
currently effective.  The exercise of Stock Options may be temporarily suspended
without  liability  to  the  Company  during  times  when  no  such Registration
Statement  is  currently  effective,  or  during  times  when, in the reasonable
opinion  of the Committee, such suspension is necessary to preclude violation of
any requirements of applicable law or regulatory bodies having jurisdiction over
the  Company.  If any Stock Option would expire for any reason except the end of
its term during such a suspension, then if exercise of such Stock Option is duly
tendered  before  its  expiration,  such  Stock  Option shall be exercisable and
exercised (unless the attempted exercise is withdrawn) as of the first day after
the  end  of  such suspension.  The Company shall have no obligation to file any
Registration  Statement  covering  resales  of  Option  Shares.

     2.5     Continuous  Employment.  Except as provided in Paragraph 2.7 below,
             ----------------------
an Employee may not exercise a Stock Option unless from the date of grant to the
date of exercise the Employee remains continuously in the employ of the Company.
For  purposes  of  this Paragraph 2.5, the period of continuous employment of an
Employee with the Company shall be deemed to include (without extending the term
of the Stock Option) any period during which the Employee is on leave of absence
with  the  consent of the Company, provided that such leave of absence shall not
exceed  three  months and that the Employee returns to the employ of the Company
at  the expiration of such leave of absence.  If the Employee fails to return to
the  employ  of  the  Company  at  the  expiration of such leave of absence, the
Employee's employment with the Company shall be deemed terminated as of the date
such  leave of absence commenced.  The continuous employment of an Employee with
the Company shall also be deemed to include any period during which the Employee
is  a  member  of  the  Armed  Forces  of  the  United  States,

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provided  that  the Employee returns to the employ of the Company within 90 days
(or  such  longer period as may be prescribed by law) from the date the Employee
first becomes entitled to a discharge from military service. If an Employee does
not return to the employ of the Company within 90 days (or such longer period as
may be prescribed by law) from the date the Employee first becomes entitled to a
discharge  from  military  service,  the  Employee's employment with the Company
shall  be  deemed  to  have  terminated  as  of the date the Employee's military
service  ended.

     2.6     Restrictions  on  Transfer.  Each  Stock  Option granted under this
             --------------------------
Plan shall be transferable only by will or the laws of descent and distribution.
No  interest  of  any  Employee  under this Plan shall be subject to attachment,
execution, garnishment, sequestration, the laws of bankruptcy or any other legal
or  equitable  process.  Each  Stock  Option  granted  under  this Plan shall be
exercisable  during  an  Employee's  lifetime  only  by  the  Employee or by the
Employee's  legal  representative.

     2.7     Termination  of  Employment.
             ---------------------------

     2.7.1     Upon  an  Employee's  Retirement,  Disability  (both  terms being
defined  below)  or  death,  (a)  all Stock Options to the extent then presently
exercisable  shall remain in full force and effect and may be exercised pursuant
to  the  provisions thereof, and (b) unless otherwise provided by the Committee,
all  Stock  Options to the extent not then presently exercisable by the Employee
shall  terminate  as of the date of such termination of employment and shall not
be  exercisable  thereafter.  Unless  employment  is  terminated  for  cause, as
defined  by applicable law, the right to exercise in the event of termination of
employment,  to the extent that the optionee is entitled to exercise on the date
the  employment  terminates  as  follows:

          (i)     At  least 6 months from the date of termination if termination
was  caused  by  death  or  disability.

          (ii)     At  least 30 days from the date of termination if termination
was  caused  by  other  than  death  or  disability.

     2.7.2     Upon  the  termination  of  the employment of an Employee for any
reason other than those specifically set forth in Paragraph 2.7.1, (a) all Stock
Options  to  the  extent then presently exercisable by the Employee shall remain
exercisable  only  for a period of 90 days after the date of such termination of
employment  (except that the 90 day period shall be extended to 12 months if the
Employee  shall die during such 90 day period), and may be exercised pursuant to
the  provisions  thereof,  including  expiration  at  the  end of the fixed term
thereof,  and  (b) unless otherwise provided by the Committee, all Stock Options
to  the extent not then presently exercisable by the Employee shall terminate as
of  the  date  of  such  termination  of employment and shall not be exercisable
thereafter.

     2.7.3     For  purposes  of  this  Plan:

          (a)     "Retirement"  shall  mean  an  Employee's  retirement from the
employ of the Company on or after the date on which the Employee attains the age
of  65  years;  and

          (b)     "Disability"  shall  mean total and permanent incapacity of an
Employee, due to physical impairment or legally established mental incompetence,
to perform the usual duties of the Employee's employment with the Company, which
disability  shall  be determined (i) on medical evidence by a licensed physician
designated  by  the  Committee, or (ii) on evidence that the Employee has become
entitled  to  receive  primary  benefits as a disabled employee under the Social
Security  Act  in  effect  on  the  date  of  such  disability.

     3.     Provisions  Relating  to  Awards.
            --------------------------------

     3.1     Grant  of  Awards.  Subject  to  the  provisions  of this Plan, the
             -----------------
Committee shall have full and complete authority, in its discretion, but subject
to  the  express  provisions  of this Plan, to (1) grant Awards pursuant to this
Plan,  (2)  determine  the  number of shares of the Common Stock subject to each
Award  (the  "Award Shares"), (3) determine the terms and conditions (which need
not  be  identical)  of  each  Award,  including  the  consideration  (if

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any)  to  be  paid  by the Employee for such the Common Stock, which may, in the
Committee's  discretion,  consist  of  the delivery of the Employee's promissory
note  meeting  the  requirements  of  Paragraph  2.4.1, (4) establish and modify
performance  criteria  for  Awards,  and  (5)  make  all  of  the determinations
necessary  or advisable with respect to Awards under this Plan. Each Award under
this  Plan  shall  consist of a grant of shares of the Common Stock subject to a
restriction  period (after which the restrictions shall lapse), which shall be a
period  commencing  on  the date the Award is granted and ending on such date as
the  Committee  shall  determine  (the  "Restriction Period"). The Committee may
provide  for  the lapse of restrictions in installments, for acceleration of the
lapse  of  restrictions  upon  the  satisfaction  of  such  performance or other
criteria or upon the occurrence of such events as the Committee shall determine,
and for the early expiration of the Restriction Period upon an Employee's death,
Disability  or  Retirement as defined in Paragraph 2.7.3, or, following a Change
of  Control, upon termination of an Employee's employment by the Company without
"Cause" or by the Employee for "Good Reason," as those terms are defined herein.
For  purposes  of  this  Plan:

     "Change  of  Control"  shall be deemed to occur (a) on the date the Company
first  has  actual  knowledge  that any person (as such term is used in Sections
13(d)  and  14(d)(2)  of  the  Exchange Act) has become the beneficial owner (as
defined  in  Rule  13(d)-3  under  the Exchange Act), directly or indirectly, of
securities of the Company representing 40 percent or more of the combined voting
power  of  the  Company's  then  outstanding  securities, or (b) on the date the
stockholders of the Company approve (i) a merger of the Company with or into any
other  corporation  in  which the Company is not the surviving corporation or in
which  the  Company  survives  as  a  subsidiary  of another corporation, (ii) a
consolidation  of  the  Company with any other corporation, or (iii) the sale or
disposition  of  all  or  substantially all of the Company's assets or a plan of
complete  liquidation.

     "Cause,"  when  used  with reference to termination of the employment of an
Employee  by  the  Company  for  "Cause,"  shall  mean:

          (a)     The  Employee's  continuing willful and material breach of his
duties to the Company after he receives a demand from the Chief Executive of the
Company  specifying the manner in which he has willfully and materially breached
such  duties,  other  than  any  such  failure  resulting from Disability of the
Employee or his resignation for "Good Reason," as defined herein; or

          (b)     The  conviction  of  the  Employee  of  a  felony;  or

          (c)     The  Employee's  commission  of  fraud  in  the  course of his
employment  with  the  Company,  such  as  embezzlement  or  other  material and
intentional  violation  of  law  against  the  Company;  or

          (d)     The  Employee's  gross misconduct causing material harm to the
Company.

     "Good  Reason"  shall  mean  any  one  or  more of the following, occurring
following  or in connection with a Change of Control and within 90 days prior to
the  Employee's resignation, unless the Employee shall have consented thereto in
writing:

          (a)     The assignment to the Employee of duties inconsistent with his
executive  status  prior to the Change of Control or a substantive change in the
officer  or  officers to whom he reports from the officer or officers to whom he
reported  immediately  prior  to  the  Change  of  Control;  or

          (b)     The  elimination  or  reassignment of a majority of the duties
and responsibilities that were assigned to the Employee immediately prior to the
Change  of  Control;  or

          (c)     A  reduction  by  the  Company  in  the Employee's annual base
salary  as  in  effect  immediately  prior  to  the  Change  of  Control;  or

          (d)     The  Company  requiring  the  Employee  to  be  based anywhere
outside  a  35-mile radius from his place of employment immediately prior to the
Change  of  Control,  except for required travel on the Company's business to an
extent  substantially consistent with the Employee's business travel obligations
immediately  prior  to  the  Change  of  Control;  or

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          (e)     The failure of the Company to grant the Employee a performance
bonus  reasonably  equivalent  to  the  same  percentage  of salary the Employee
normally  received  prior to the Change of Control, given comparable performance
by  the  Company  and  the  Employee;  or

          (f)     The failure of the Company to obtain a satisfactory Assumption
Agreement  (as  defined in Paragraph 4.13 of this Plan) from a successor, or the
failure  of  such  successor  to  perform  such  Assumption  Agreement.

     3.2     Incentive  Agreements.  Each Award granted under this Plan shall be
             ---------------------
evidenced  by  a written agreement (an "Incentive Agreement") in a form approved
by  the Committee and executed by the Company and the Employee to whom the Award
is  granted.  Each  Incentive  Agreement  shall  be  subject  to  the  terms and
conditions of this Plan and other such terms and conditions as the Committee may
specify.

     3.3     Amendment,  Modification and Waiver of Restrictions.  The Committee
             ---------------------------------------------------
may  modify  or  amend  any  Award  under this Plan or waive any restrictions or
conditions  applicable  to  the Award; provided, however, that the Committee may
not  undertake  any  such  modifications,  amendments  or  waivers if the effect
thereof  materially increases the benefits to any Employee, or adversely affects
the  rights  of  any  Employee  without  his  consent.

     3.4     Terms and Conditions of Awards.  Upon receipt of an Award of shares
             ------------------------------
of  the  Common  Stock  under  this Plan, even during the Restriction Period, an
Employee  shall  be  the  holder  of record of the shares and shall have all the
rights  of  a  stockholder with respect to such shares, subject to the terms and
conditions  of  this  Plan  and  the  Award.

     3.4.1     Except  as otherwise provided in this Paragraph 3.4, no shares of
the  Common  Stock  received  pursuant  to  this  Plan shall be sold, exchanged,
transferred,  pledged,  hypothecated  or  otherwise  disposed  of  during  the
Restriction Period applicable to such shares.  Any purported disposition of such
the  Common  Stock  in  violation  of this Paragraph 3.4 shall be null and void.

     3.4.2     If  an Employee's employment with the Company terminates prior to
the expiration of the Restriction Period for an Award, subject to any provisions
of  the Award with respect to the Employee's death, Disability or Retirement, or
Change  of Control, all shares of the Common Stock subject to the Award shall be
immediately  forfeited  by  the  Employee and reacquired by the Company, and the
Employee  shall  have  no  further  rights  with  respect  to the Award.  In the
discretion  of  the Committee, an Incentive Agreement may provide that, upon the
forfeiture  by  an  Employee  of  Award  Shares,  the Company shall repay to the
Employee the consideration (if any) which the Employee paid for the Award Shares
on  the  grant  of  the Award.  In the discretion of the Committee, an Incentive
Agreement  may also provide that such repayment shall include an interest factor
on  such  consideration  from  the date of the grant of the Award to the date of
such  repayment.

     3.4.3     The  Committee  may require under such terms and conditions as it
deems  appropriate  or  desirable that (a) the certificates for the Common Stock
delivered  under  this Plan are to be held in custody by the Company or a person
or  institution  designated by the Company until the Restriction Period expires,
(b)  such  certificates shall bear a legend referring to the restrictions on the
Common Stock pursuant to this Plan, and (c) the Employee shall have delivered to
the  Company  a  stock  power  endorsed  in  blank relating to the Common Stock.

     4.     Miscellaneous  Provisions.
            -------------------------

     4.1     Adjustments  Upon  Change  in  Capitalization.
             ---------------------------------------------

     4.1.1     The  number and class of shares subject to each outstanding Stock
Option, the Exercise Price thereof (but not the total price), the maximum number
of  Stock  Options  that  may  be granted under this Plan, the minimum number of
shares  as  to  which  a  Stock Option may be exercised at any one time, and the
number  and  class  of  shares  subject  to  each  outstanding  Award,  shall be
proportionately  adjusted in the event of any increase or decrease in the number
of  the  issued  shares  of  the  Common  Stock which results from a split-up or
consolidation  of  shares,  payment of a stock dividend or dividends exceeding a
total of five percent for which the record dates occur in any one fiscal year, a
recapitalization  (other than the conversion of convertible securities according
to  their

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terms),  a  combination  of shares or other like capital adjustment, so that (a)
upon  exercise  of  the  Stock Option, the Employee shall receive the number and
class  of  shares  the  Employee  would  have received had the Employee been the
holder of the number of shares of the Common Stock for which the Stock Option is
being  exercised  upon  the  date  of such change or increase or decrease in the
number  of  issued shares of the Company, and (b) upon the lapse of restrictions
of  the  Award Shares, the Employee shall receive the number and class of shares
the  Employee  would  have  received if the restrictions on the Award Shares had
lapsed  on  the  date  of  such  change or increase or decrease in the number of
issued  shares  of  the  Company.

     4.1.2     Upon  a  reorganization,  merger  or consolidation of the Company
with  one  or  more  corporations  as  a  result of which the Company is not the
surviving  corporation  or  in  which  the  Company  survives  as a wholly-owned
subsidiary of another corporation, or upon a sale of all or substantially all of
the  property  of  the  Company  to  another  corporation,  or  any  dividend or
distribution  to  stockholders  of more than 10 percent of the Company's assets,
adequate  adjustment  or  other provisions shall be made by the Company or other
party  to  such transaction so that there shall remain and/or be substituted for
the  Option  Shares and Award Shares provided for herein, the shares, securities
or assets which would have been issuable or payable in respect of or in exchange
for  such  Option Shares and Award Shares then remaining, as if the Employee had
been  the  owner  of  such  shares as of the applicable date.  Any securities so
substituted shall be subject to similar successive adjustments.

     4.2     Withholding Taxes.  The Company shall have the right at the time of
             -----------------
exercise  of  any  Stock  Option,  the  grant  of  an  Award,  or  the  lapse of
restrictions on Award Shares, to make adequate provision for any federal, state,
local  or  foreign  taxes  which it believes are or may be required by law to be
withheld  with  respect  to  such  exercise (the "Tax Liability"), to ensure the
payment  of  any such Tax Liability.  The Company may provide for the payment of
any  Tax Liability by any of the following means or a combination of such means,
as  determined  by  the  Committee  in  its  sole and absolute discretion in the
particular  case  (1)  by requiring the Employee to tender a cash payment to the
Company,  (2) by withholding from the Employee's salary, (3) by withholding from
the  Option  Shares which would otherwise be issuable upon exercise of the Stock
Option,  or  from  the  Award  Shares  on  their  grant  or  date  of  lapse  of
restrictions,  that  number of Option Shares or Award Shares having an aggregate
Fair  Market  Value (determined in the manner prescribed by Paragraph 2.2) as of
the  date  the  withholding tax obligation arises in an amount which is equal to
the  Employee's  Tax  Liability or (4) by any other method deemed appropriate by
the  Committee.  Satisfaction  of  the  Tax  Liability of a Section 16 Reporting
Person  may  be made by the method of payment specified in clause (3) above only
if  the  following  two  conditions  are  satisfied:

               (a)     The  withholding of Option Shares or Award Shares and the
exercise  of  the  related  Stock  Option  occur at least six months and one day
following  the  date  of  grant  of  such  Stock  Option  or  Award;  and

               (b)     The  withholding of Option Shares or Award Shares is made
either (i) pursuant to an irrevocable election (the "Withholding Election") made
by  the  Employee  at  least six months in advance of the withholding of Options
Shares  or  Award  Shares,  or  (ii)  on  a  day within a 10-day "window period"
beginning  on  the  third  business  day  following  the  date of release of the
Company's quarterly or annual summary statement of sales and earnings.

     Anything herein to the contrary notwithstanding, a Withholding Election may
be  disapproved  by  the  Committee  at  any  time.

     4.3     Relationship  to  Other  Employee Benefit Plans.  Stock Options and
             -----------------------------------------------
Awards  granted hereunder shall not be deemed to be salary or other compensation
to  any  Employee  for  purposes  of  any pension, thrift, profit-sharing, stock
purchase  or any other employee benefit plan now maintained or hereafter adopted
by  the  Company.

     4.4     Amendments and Termination.  The Board of Directors may at any time
             --------------------------
suspend,  amend  or  terminate  this  Plan.  No amendment, except as provided in
Paragraph  3.3,  or  modification of this Plan may be adopted, except subject to
stockholder  approval, which would (1) materially increase the benefits accruing
to  the  Employees  under  this  Plan,  (2)  materially  increase  the number of
securities  which may be issued under this Plan (except for adjustments pursuant
to  Paragraph  4.1  hereof),  or  (3)  materially  modify the requirements as to
eligibility  for  participation  in  this  Plan.

                                        7
<PAGE>
     4.5     Successors  in  Interest.  The  provisions  of  this  Plan  and the
             ------------------------
actions of the Committee shall be binding upon all heirs, successors and assigns
of  the  Company  and  of  the  Employees.

     4.6     Other  Documents.  All documents prepared, executed or delivered in
             ----------------
connection  with this Plan (including, without limitation, Option Agreements and
Incentive  Agreements)  shall  be,  in  substance  and  form, as established and
modified  by  the Committee; provided, however, that all such documents shall be
subject in every respect to the provisions of this Plan, and in the event of any
conflict between the terms of any such document and this Plan, the provisions of
this  Plan  shall  prevail.

     4.7     Fairness  of  the  Repurchase Price.  In the event that the Company
             -----------------------------------
repurchases  securities  upon  termination  of employment pursuant to this Plan,
either:  (a)  the  price  will  not  be  less  than the fair market value of the
securities  to  be repurchased on the date of termination of employment, and the
right to repurchase will be exercised for cash or cancellation of purchase money
indebtedness  for the securities within 90 days of termination of the employment
(or  in the case of securities issued upon exercise of options after the date of
termination,  within  90  days  after  the  date of the exercise), and the right
terminates  when the Company's securities become publicly traded, or (b) Company
will  repurchase  securities  at  the original purchase price, provided that the
right  to  repurchase  at  the  original purchase price lapses at the rate of at
least 20% of the securities per year over five years from the date the option is
granted  (without  respect  to  the  date  the  option  was  exercised or became
exercisable)  and  the  right  to  repurchase  must  be  exercised  for  cash or
cancellation of purchase money indebtedness for the securities within 90 days of
termination  of  employment  (or  in  case of securities issued upon exercise of
options  after  the  date  of  termination, within 90 days after the date of the
exercise).

     4.8     No  Obligation  to  Continue  Employment.  This Plan and the grants
             ----------------------------------------
which  might be made hereunder shall not impose any obligation on the Company to
continue  to  employ  any  Employee.  Moreover, no provision of this Plan or any
document executed or delivered pursuant to this Plan shall be deemed modified in
any  way  by any employment contract between an Employee (or other employee) and
the  Company.

     4.9     Misconduct  of an Employee.  Notwithstanding any other provision of
             --------------------------
this  Plan,  if  an  Employee  commits fraud or dishonesty toward the Company or
wrongfully  uses  or  discloses  any  trade  secret,  confidential data or other
information  proprietary to the Company, or intentionally takes any other action
which  results  in material harm to the Company, as determined by the Committee,
in  its  sole and absolute discretion, the Employee shall forfeit all rights and
benefits  under  this  Plan.

     4.10     Term  of  Plan.  No  Stock  Option  shall be exercisable, or Award
              --------------
granted,  unless  and until the Directors of the Company have approved this Plan
and  all  other  legal requirements have been met.  This Plan was adopted by the
Board  effective  October  15,  2003.  No Stock Options or Awards may be granted
under  this  Plan  after  October  15,  2013.

     4.11     Governing  Law.  This  Plan and all actions taken thereunder shall
              --------------
be  governed  by,  and  construed  in  accordance with, the laws of the State of
Nevada.

     4.12     Approval.  This  Plan  must  be  approved  by  a  majority  of the
              --------
outstanding  securities  entitled  to vote within 12 months before or after this
Plan  is  adopted  or  the  date  the agreement is entered into.  Any securities
purchased  before  security  holder  approval  is  obtained must be rescinded if
security  holder  approval is not obtained within 12 months before or after this
Plan  is  adopted  or  the  date the agreement is entered into.  Such securities
shall  not  be  counted  in  determining  whether  such  approval  is  obtained.

     4.13     Assumption  Agreements.  The  Company will require each successor,
              ----------------------
(direct  or  indirect, whether by purchase, merger, consolidation or otherwise),
to  all  or substantially all of the business or assets of the Company, prior to
the  consummation  of  each such transaction, to assume and agree to perform the
terms  and  provisions  remaining  to  be  performed  by  the Company under each
Incentive  Agreement  and  Stock  Option  and  to  preserve  the benefits to the
Employees  thereunder.  Such  assumption  and  agreement shall be set forth in a
written  agreement  in  form  and  substance  satisfactory  to the Committee (an
"Assumption  Agreement"),  and  shall  include  such adjustments, if any, in the
application  of the provisions of the Incentive Agreements and Stock Options and
such  additional provisions, if any, as the Committee shall require and approve,
in  order  to  preserve  such  benefits  to  the

                                        8
<PAGE>
Employees.  Without  limiting the generality of the foregoing, the Committee may
require  an  Assumption  Agreement  to  include  satisfactory  undertakings by a
successor:

               (a)     To  provide  liquidity  to  the Employees  at  the end of
the Restriction Period applicable to the Common Stock awarded to them under this
Plan,  or  on  the  exercise  of  Stock  Options;

               (b)     If  the  succession  occurs  before the expiration of any
period  specified  in  the  Incentive Agreements for satisfaction of performance
criteria  applicable  to  the  Common  Stock awarded thereunder, to refrain from
interfering  with  the Company's ability to satisfy such performance criteria or
to  agree  to  modify  such  performance criteria and/or waive any criteria that
cannot  be  satisfied  as  a  result  of  the  succession;

               (c)     To  require  any  future  successor  to  enter  into  an
Assumption Agreement; and

               (d)     To  take or refrain from taking such other actions as the
Committee  may  require  and  approve,  in  its  discretion.

     4.14     Compliance  with  Rule  16b-3.  Transactions  under  this Plan are
              -----------------------------
intended  to  comply  with  all  applicable conditions of Rule 16b-3 promulgated
under the Exchange Act.  To the extent that any provision of this Plan or action
by  the  Committee  fails to so comply, it shall be deemed null and void, to the
extent  permitted  by  law  and  deemed  advisable  by  the  Committee.

     4.15     Information to Shareholders.  The Company shall furnish to each of
              ---------------------------
its stockholders financial statements of the Company at least annually.

     IN WITNESS WHEREOF, this Plan has been executed effective as of October 15,
2003.

                                   LIVESTAR ENTERTAINMENT GROUP, INC.

                                   By  /s/ Edwin Kwong
                                     --------------------------------------
                                     Edwin Kwong, Chief Financial Officer

                                        9
<PAGE><PAGE>
Exhibit 10.1

              AMENDMENT TO SETTLEMENT AGREEMENT AND MUTUAL RELEASE

         THIS AMENDMENT TO SETTLEMENT AGREEMENT AND MUTUAL RELEASE (the
"Amendment") is made as of September 30, 2003 by and between Telenetics
Corporation ("Telenetics") and Credit Managers Association of California dba CMA
Business Credit Services ("CMA"), solely in its capacity as assignee for the
benefit of creditors of Comtel Electronics, Inc. dba Corlund Electronics -
Tustin ("Corlund - Tustin") and Corlund Electronics Corporation dba Corlund
Electronics - Camarillo ("Corlund - Camarillo"), as follows:

                                    RECITALS

         A. On or about June 6, 2003, Telenetics, Corlund - Tustin, and Corlund-
Camarillo entered into that certain Settlement Agreement and Mutual Release
dated June 6, 2003 (the "Settlement Agreement"), and the parties have been
performing pursuant to the Settlement Agreement since on or about such date.

         B. On or about August 6, 2003, the parties agreed to modify the
Settlement Agreement to permit Telenetics to pay early the payment otherwise
required to be made on August 20, 2003 in exchange for a discount of 10%. The
parties complied with such modification to the Settlement Agreement.

         C. On or about August 28, 2003, Corlund - Tustin and Corlund -
Camarillo made general assignments (the "Assignments") for the benefit of their
respective creditors. CMA is the assignee of such Assignments. Pursuant to the
Assignments, Corlund - Tustin and Corlund - Camarillo assigned to CMA
substantially all of their respective property of every kind and nature,
including but not limited to choses in action and all other assignable property.

         D. A disagreement has arisen with respect to determination of the
amount to be paid to Corlund - Tustin on or before November 13, 2003 pursuant to
Sections 2 and 3 of the Settlement Agreement. The parties desire to amend
various provisions of the Settlement Agreement to resolve such disagreement.

         NOW, THEREFORE, in consideration of the foregoing, and for other
valuable consideration, the amount and sufficiency of which is hereby
acknowledged, the parties agree as follows:

         1. AMENDMENT OF SECTION 2 OF THE SETTLEMENT AGREEMENT. Section 2 of the
Settlement Agreement is stricken in its entirety and replaced with the
following:

         "2. ADDITIONAL PAYMENT BY TELENETICS. ON OR BEFORE SEPTEMBER 30, 2003,
         TELENETICS SHALL PAY TO THE SENIOR SECURED LENDER UPS CAPITAL
         CORPORATION (IN ACCORDANCE WITH SECTION 5 AND EXHIBIT "B" HERETO) THE
         SUM OF $212,386.12."
<PAGE>

         2. AMENDMENT OF SECTION 3 OF THE SETTLEMENT AGREEMENT. The last
sentence of Section 3 of the Settlement Agreement is stricken in its entirety
and replaced with the following:

         "TO THE EXTENT THE ACCOUNTS TO BE COLLECTED PURSUANT TO THIS SECTION 3
         ARE NOT COLLECTED IN FULL BY OCTOBER 10, 2003, TELENETICS SHALL HAVE NO
         FURTHER OBLIGATION TO CORLUND - TUSTIN WITH RESPECT TO SUCH ACCOUNTS."

         3. AMENDMENT OF SECTION 4 OF THE SETTLEMENT AGREEMENT. Section 4 of the
Settlement Agreement is stricken in its entirety and replaced with the
following:

                  "4. PURCHASE OF INVENTORY.

                  (a) TELENETICS SHALL PURCHASE FROM CORLUND - TUSTIN, AT PRICES
         EQUAL TO THE VALUES REFLECTED ON CORLUND - TUSTIN'S BOOKS AND RECORDS
         (I.E., AT CORLUND - TUSTIN'S ACTUAL COST), ALL ITEMS OF INVENTORY SET
         FORTH ON EXHIBIT "E" ATTACHED HERETO (COLLECTIVELY, THE "INVENTORY").
         INVENTORY PURCHASES BY TELENETICS PURSUANT TO THIS SECTION 4 SHALL BE
         MADE ON OR BEFORE THE FOLLOWING DATES AND IN NOT LESS THAN THE
         FOLLOWING AMOUNTS:

                  DATE                             AMOUNT
                  ----                             ------

              OCTOBER 10, 2003                   $ 160,000

              NOVEMBER 5, 2003                   $  80,000

              DECEMBER 5, 2003                   $  80,000

              JANUARY 5, 2004                    $  80,000

              FEBRUARY 5, 2004                   $  80,000

              MARCH 5, 2004                      $  80,000

              APRIL 5, 2004                      $  80,000
                                                 ---------
                                                 $ 640,000

                  (b) TELENETICS MAY, BEFORE ANY PURCHASE DATE SET FORTH IN
         SECTION 4(a) ABOVE, MAKE PARTIAL PAYMENTS AND PARTIAL PURCHASES OF
         INVENTORY ON THE TERMS SET FORTH IN SECTION 4(A) ABOVE; PROVIDED,
         HOWEVER, THAT ANY SUCH PARTIAL PURCHASE SHALL NOT RELIEVE TELENETICS
         FROM COMPLETING THE REMAINDER OF SUCH INVENTORY PURCHASE ON THE
         REGULARLY SCHEDULED DUE DATE AS SET FORTH IN SECTION 4(a) ABOVE.
         PARTIAL PAYMENTS AND PURCHASES SO MADE SHALL BE APPLIED TOWARD THE
         IMMEDIATELY NEXT SCHEDULED INVENTORY PAYMENT / PURCHASE.

                                      -2-
<PAGE>

                  (c) NOTWITHSTANDING THE FOREGOING, UPON PAYMENT IN FULL BY
         TELENETICS OF THE TOTAL AMOUNT OF $640,000 PURSUANT TO THIS SECTION 4,
         TELENETICS SHALL BE ENTITLED TO POSSESSION OF ALL REMAINING INVENTORY
         SET FORTH IN EXHIBIT "E" HERETO WITHOUT FURTHER PAYMENT THEREFOR. ALL
         PAYMENTS SHALL BE MADE TO UPS CAPITAL CORPORATION IN ACCORDANCE WITH
         SECTION 5 AND EXHIBIT "B" HERETO.

                  (d) THE PARTIES AGREE THAT THE INVENTORY IS BEING SOLD AND
         PURCHASED "AS-IS, WHERE-IS.""

         4. AMENDMENT OF SECTION 11 OF THE SETTLEMENT AGREEMENT. Section 11 of
the Settlement Agreement is stricken in its entirety and replaced with the
following:

                  "11. STIPULATED JUDGMENT. TELENETICS SHALL STIPULATE TO A
         JUDGMENT IN THE AMOUNT OF $480,000 IN SUBSTANTIALLY THE FORM ATTACHED
         HERETO AS EXHIBIT "D." SUCH JUDGMENT SHALL BE DEEMED SATISFIED BY 1/6
         UPON PAYMENT OF EACH $80,000 PAYMENT AMOUNT REQUIRED BY SECTION 4 OF
         THIS SETTLEMENT AGREEMENT. SUCH JUDGMENT SHALL NOT BE FILED WITH THE
         COURT ABSENT A DECLARATION OF DEFAULT IN ACCORDANCE WITH SECTION 12
         BELOW, AND SUCH JUDGMENT OTHERWISE MAY BE ENFORCED ONLY IN ACCORDANCE
         WITH SECTION 12 BELOW."

         5. AMENDMENT OF SECTION 27 OF THE SETTLEMENT AGREEMENT. Section 27 of
the Settlement Agreement is amended to include the following:

         "TO CMA:

         ROBERT J. HODER
         CMA BUSINESS CREDIT SERVICES
         40 EAST VERDUGO AVE.
         BURBANK, CA 91502

         WITH A COPY TO:

         DEMETRA V. GEORGELOS, ESQ.
         WINSTON & STRAWN LLP
         333 SOUTH GRAND AVENUE, 38TH FLOOR
         LOS ANGELES, CA 90071
         TELEPHONE:  (213) 615-1700
         FACSIMILE:    (213) 615-1750"

         6. EFFECTIVENESS OF AMENDMENT. Notwithstanding any other provision of
this Amendment, this Amendment shall become effective and binding on the parties
immediately upon, and not before, payment in full by Telenetics of the sum of
$160,000 on account of the inventory purchase scheduled for October 10, 2003 as
provided for in Section 3 of this Amendment.

                                      -3-
<PAGE>

         7. AGREEMENT TO BE BOUND. CMA, as assignee of Corlund - Tustin and
Corlund - Camarillo, agrees to be bound by all terms of the Settlement Agreement
as modified by this Amendment, including, without limitation, Section 7 (release
of Telenetics) and Section 8 (waiver of Section 1542 rights) therein.

         8. REPRESENTATIONS AND WARRANTIES OF CMA. CMA represents and warrants
to Telenetics that (i) CMA is a corporation duly organized, validly existing and
in good standing under the laws of the State of California, (ii) CMA is the
assignee for the benefit of creditors of Corlund - Camarillo and Corlund -
Tustin pursuant to valid general assignments for the benefit of creditors (the
"Assignments"), and (iii) CMA, as said assignee under such Assignments, has the
authority to enter into this Amendment and to perform the obligations set forth
herein and in the Settlement Agreement, as amended hereby.

         9. REAFFIRMATION OF WARRANTY RE SECURITY INTERESTS IN ACCOUNTS.
Reaffirming the representations and warranties contained in Section 13 of the
Settlement Agreement, Telenetics hereby warrants and represents that the only
persons or entities with security interests in Telenetics' accounts receivable
are the parties who were to execute (and who did execute) Exhibit "A" to the
Settlement Agreement (i.e., Rutan & Tucker, SMC Group, and Shala Shashani), and
no one else.

         10. PRIOR MODIFICATION TO SETTLEMENT AGREEMENT. The prior modification
to the Settlement Agreement dated on or about August 6, 2003, as described in
Recital B of this Amendment, is hereby ratified in all respects.

         11. EFFECT OF AVOIDED TRANSFER. If the payment of money made by any
party hereto should for any reason subsequently be declared to be "fraudulent"
within the meaning of any state or federal law relating to fraudulent
conveyances, preferential or otherwise voidable or recoverable, in whole or in
part, for any reason under the Bankruptcy Code or any other federal or state law
(collectively, "Voidable Transfers") and CMA or UPS Capital Corporation ("UPSC")
is required to pay or restore the amount of any such Voidable Transfers, or any
portion thereof, then, as to the amount repaid or restored pursuant to any such
Voidable Transfer (including all costs, expenses and attorneys fees of CMA or
UPSC related thereto, including without limitation relief from the stay or
similar proceedings), the liability of Telenetics shall be automatically
revived, re-instated and restored in such amount or amounts, and shall exist as
though the Voidable Transfer had never been made to CMA or UPSC, and the release
in favor of Telenetics shall be rendered null and void and of no effect
whatsoever. Nothing set forth herein is an admission that such Voidable Transfer
has occurred. Telenetics expressly acknowledges that CMA or UPSC may rely upon
advice of counsel, and if so advised by counsel may settle, without defending,
any action to avoid any alleged Voidable Transfer, and that upon such
settlement, Telenetics shall again be liable for any and all amounts resulting
from such settlement as provided in the Settlement Agreement.

         12. MISCELLANEOUS.

             (a) All other terms and provisions of the Settlement Agreement not
expressly modified by this Amendment shall remain in full force and effect.

             (b) This Amendment contains the entire agreement between the
parties relating to the settlement and transactions contemplated hereby, and all
prior or contemporaneous needs, agreements, understandings, representations, and
statements, whether oral or written, and whether by a party hereto or such
party's legal counsel, are merged herein.

                                      -4-
<PAGE>

             (c) The parties agree to execute and deliver all such other
instruments and take all such other action as any party may reasonably request
from time to time, and without payment of further consideration, in order to
effectuate the transactions provided for herein and in the Settlement Agreement
as modified hereby. The parties shall cooperate fully with each other and with
their respective counsel and accountants in connection with any steps required
to be taken as part of their respective obligations under this Amendment and/or
under the Settlement Agreement as modified hereby.

             (d) This Amendment may be executed in one or more counterparts with
the same force and effect as if executed in a single, complete document.

         IN WITNESS WHEREOF, the parties have executed this Amendment to be
effective September 30, 2003.

Dated:                                       TELENETICS CORPORATION
      --------------------------

                                             /s/ David Stone
                                             -----------------------------------
                                             David Stone, President and Chief
                                             Financial Officer

Dated:                                       CREDIT MANAGERS ASSOCIATION OF
       --------------------------            CALIFORNIA DBA CMA BUSINESS CREDIT
                                             SERVICES, solely in its capacity as
                                             assignee for the benefit of
                                             creditors of Corlund - Tustin and
                                             Corlund - Camarillo

                                             By:
                                                 -------------------------------
                                             Its:

                                      -5-

<PAGE>
                                   EXHIBIT D

SULLIVAN, HILL, LEWIN, REZ & ENGEL
A Professional Law Corporation
  James P. Hill, SBN 90478
  K. Todd Curry, SBN 149360
550 West "C" Street, Suite 1500
San Diego, California 92101
Telephone:  (619) 233-4100
Fax Number: (619) 231-4372

Attorneys for Defendants Comtel Electronics, Inc.
and Corlund Electronics Corporation

                    SUPERIOR COURT OF THE STATE OF CALIFORNIA
                FOR THE COUNTY OF ORANGE, CENTRAL JUSTICE CENTER

TELENETICS CORPORATION, a                      )
California corporation,                        )   Case No. 03 CC 03611
                                               )
                  Plaintiff,                   )
v.                                             )
                                               )
COMTEL ELECTRONICS, INC., dba                  )   STIPULATED JUDGMENT
Corlund Electronics - Tustin, a Delaware       )
corporation; CORLUND ELECTRONICS               )
CORPORATION, a California corporation;         )
and DOES 1 through 50, inclusive,              )
                                               )
                  Defendants.                  )
                                               )
-----------------------------------------------)
                                               )
COMTEL ELECTRONICS, INC., dba                  )
Corlund Electronics - Tustin, a Delaware       )
corporation,,                                  )
                                               )
                  Cross-Complainant,           )
v.                                             )
                                               )
TELENETICS CORPORATION; and ROES               )
1 through 50, inclusive,                       )
                                               )
                  Cross-Defendants.            )
                                               )
                                               )
                                               )
------------------------------------------------

         The parties having reached agreement for resolution of the
above-entitled litigation, including the claims alleged in the Complaint filed
by Telenetics Corporation and the claims alleged in the Cross-Complaint filed by
Comtel Electronics, Inc, it is hereby adjudged, ordered, and decreed as follows:

                                      -1-
<PAGE>

         1. Telenetics Corporation shall take nothing by way of its Complaint.

         2. Comtel Electronics, Inc. shall have judgment against Telenetics
Corporation in the total sum of $480,000.

         3. The parties shall bear their own attorneys' fees and costs

Dated:
       -----------------               -----------------------------------------
                                       JUDGE OF THE SUPERIOR COURT

Submitted by:

SULLIVAN, HILL, LEWIN, REZ & ENGEL
A Professional Law Corporation

By:
    -------------------------------------
    K. Todd Curry
    Attorneys for Comtel Electronics, Inc.
    and Corlund Electronics Corporation

Approved:

-----------------------------------------
Robert J. Huston III
Attorneys for Telenetics Corporation

                                      -2-

<PAGE>

EXHIBIT E

<TABLE>
<CAPTION>
09/26/03               - CORLUND - TUSTIN -                                                                       PART NUMBER ORDER
INVDTL11B              INVENTORY VALUATION REPORT

Part Number......      Description......................             Class        On-Hand...    Unit Cost..  Cost Per  Ext Cost...

<S>                    <C>                                            <C>              <C>         <C>          <C>      <C>
0049-1000-000          MANUAL,V3600,SUPLEMENT                         TEL                787        0.08        1           62.96
0049-1000-001          MANUAL,QSG,V.3600                              TEL               1174         0.7        1          821.80
0054-0500-001          SUD,ASSY,REAR,PANEL,V3600                      TEL                 25       78.15        1        1,953.75
0054-0501-001          REAR,PANEL,V3600,DCSA                          TEL                108       79.53        1        8,589.24
0055-0250-009          CONN-MOD,9POSITION,216PIN                      TEL                  1       18.47        1           18.47
0057-0069-001          CABLE,DC,PWR,V3600                             TEL                 32        3.22        1          103.04
0059-1204-001          FIRMWARE,SET,PE14.4                            TEL                 63           1        1           63.00
01268                  AA,RES,1KOHM,1/4W,5%,CF                        TEL                578       0.001        1            0.58
01289                  AA,RES,15KOHM,1/4W,5%,CF,                      TEL               2303       0.005        1           11.52
01303                  AA,RES,2KOHM,1/4W,5%,CF                        TEL               4830       0.005        1           24.15
01346                  AA,RES,470OHM,1/4W,5%,CF                       TEL               9914       0.005        1           49.57
01352                  AA,RES,51KOHM,1/4W,5%,CF                       TEL               4913       0.005        1           24.57
01367                  AA,RES,680KOHM,1/4W,5%,CF                      TEL               4910       0.005        1           24.55
01392                  RESNET*1KOHM,2%.D1P14,13R                      TEL                100        0.16        1           16.00
01407                  RESNET*330OHM,2%,DIP14,7R                      TEL                 49       0.195        1            9.56
01550                  AA,CAP,TANT,10UF,20%,20V                       TEL               1499        0.56        1          839.44
01677                  DIODE,IN4004RL,RECTFR,AXL                      TEL               5500       0.012        1           66.00
0173649                AA,MAM-2185,UN00,2155,U/G                      TEL                103       0.001        1            0.10
01794                  IC,74LSO4,HEX*NOR,DIP14                        TEL                950       0.094        1           89.30
01796                  IC,74LS08,QUAD*AND,DIP14                       TEL                243       0.116        1           28.19
01806                  IC,74LS151,DECOD*MUX,DIP2                      TEL                139       0.156        1           21.68
01814                  IC,74LS174,HEX,D,FF,DIP16                      TEL                610       0.094        1           57.34
01816                  IC,74LS175,QUAD,D,FF,DIP1                      TEL                738       0.136        1          100.37
0182540                LABEL,UN00,2185-DOOR-INSR                      TEL                657        1.48        1          972.36
01828                  IC,74LS32,QUAD*OR,DIP14                        TEL                101       0.116        1           11.72
0183091                PWB-FAB-REG,UNO1,4PNL,NFL                      TEL                 12        2.93        1           35.16
01833                  IC,74LS51,DUAL*AND/OR/INV                      TEL                 25       0.251        1            6.28
01834                  IC,74LS74,DUALD,FF,DIP14                       TEL                561        0.14        1           78.54
01840                  IC,74LS92,4BIT*CNTR,DIP14                      TEL                184      0.1729        1           31.81
0185167                INSERT-REG,UN00*NMTLZ                          TEL                 12        2.27        1           27.24
01889                  IC,74S38,QUAD,OC,NAND,DIP                      TEL                100        0.34        1           34.00
01931                  LC,1488,QUAD,LINE-DRVR,DI                      TEL                519        0.21        1          108.99
01932                  IC,1489,QUAD,LINE-RCVR,DI                      TEL                506        0.26        1          131.56
01968                  XSTR,2N3906,BIPLR,SI-PNP                       TEL                 75       0.024        1            1.80
0198427                PNL-REG*FRONT,NMTLZ*                           TEL                626        1.38        1          863.88
0198503                PNL-REG,UNOO,FRONT,NMTLZ                       TEL                874        1.23        1        1,075.02
0198824                LABEL,UN0I-OVERLY-6500                         TEL                 20           0        1               -
0199001                LABEL,UNOO-OVRLY-2185-FRO                      TEL                344        0.98        1          337.12
0199382                XFMR-REG,PWR,UN02*14.4VA                       TEL                 25       13.25        1          331.25
02323                  POWER-CORD-REG,125V,10A                        TEL                 93        2.91        1          270.63
02434                  SCREW,PHN,STL,12-24X1/2                        TEL               1639           0        1               -
02447                  SCREW,PNH,STL 4-40X1/4                         TEL               4003       0.008        1           32.02
02465                  SCREW,PNH,STL,4-40X5/16                        TEL               6935       0.007        1           48.55
02482                  SCREW, PNH,STL 6-32X3/8                        TEL               3763           0        1               -
02502                  NUT,SPEED*STL,12-24                            TEL               2095        0.08        1          167.60
02506                  NUT-KEPS,HEX*STEEL 4-40                        TEL               5363       0.005        1           26.82
02529                  WASHER,FLAT*STL #10                            TEL              13556        0.01        1          135.56
02532                  WASHER,FLAT*STL#4                              TEL               9128       0.003        1           27.38
02536                  WASHER,FLAT*STEEL,#6                           TEL               5412       0.004        1           21.65
02541                  WASHER,FLAT*5TL #8                             TEL              19350       0.004        1           77.40
02543                  WASHER,LCK-SPLIT*STL #8                        TEL              85338       0.002        1          170.68
02544                  WASHER,LCK-SPLIT*STL#4                         TEL                347        0.03        1           10.41
02549                  WASHER,LCK-SPLIT*STL #6                        TEL              83763       0.002        1          167.53
02716                  WASHER,LCK-EXT-TOOTH*STEE                      TEL              87405        0.01        1          874.05
02814                  CONN-REG,SHUNT,2POS,F,STR                      TEL               5346       0.078        1          416.99
03173                  SCREW,PNH,STL,8-32X3/8                         TEL              15530       0.012        1          186.36

                                                          Page 1 of 27
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
09/26/03                - CORLUND - TUSTIN -
INVDTL11B               INVENTORY VALUATION REPORT

Part Number......       Description......................           Class        On-Hand...    Unit Cost..  Cost Per   Ext Cost...

<S>                     <C>                                          <C>            <C>           <C>          <C>     <C>
03381                   AP,JUMPER-REG,22AWG,150V                     TEL             2940          0.024       1           70.56
03429                   IC,74LS11,TPL*AND,DIP14                      TEL              206          0.121       1           24.93
04112                   IC,555,ADJ,TIMER,DIP8                        TEL               38              0       1               -
04506                   DIODE,IN4001,RECTFR,DO-41                    TEL             1690          0.015       1           25.35
04665                   RES,5.11KOHM,1/4W,1%MTL-F                    TEL             2109         0.0095       1           20.04
04775                   WASHER,LCK-EXT-TOOTH*STL                     TEL            66772          0.005       1          333.86
04963                   SCREW,PNH,STL,10-32X3/4                      TEL             2821          0.028       1           78.99
04975                   BUMPER,RUBBER,ADH                            TEL            18855          0.056       1        1,055.88
05032                   IC,74LS125,QUAD,3ST,BFR,D                    TEL              303           0.12       1           36.36
05047                   IC,74LS367,HEX,3ST,DRVR,D                    TEL              100         0.0136       1            1.36
05057                   AA,POLYBAG5X8X.003"CLEAR                     TEL             2000           0.11       1          220.00
05162                   IC,74L5257,QUAD*MUX,DIP16                    TEL              200          0.214       1           42.80
05168                   **POLY-BAG-14X14X.003THK                     TEL              150              0       1               -
05172                   IC,LM317,ADJ,VREG-TO-220                     TEL               39          0.175       1            6.83
05192                   VARISTOR,250V**RDL                           TEL              177           0.14       1           24.78
05305                   IC,74LS245,OCT,3ST,XCVR,D                    TEL               36          0.222       1            7.99
05369                   RES,1.43KOHM,1/4W,1%,MTL-                    TEL             8617           0.01       1           86.17
05370                   RES,232OHM,1/4W,1%,MTL-FL                    TEL             3695           0.01       1           36.95
05385                   RESNET*4.7KOHM,2%,DIP14                      TEL              216          0.155       1           33.48
05430                   CAP,CER.1UF,20%,50V,AXL                      TEL             2853          0.033       1           94.15
05509                   CBL-ASSY-REG,AUD,7FT,MOD6                    TEL            11163           0.92       1       10,269.96
05567                   SWITCH,DIP,SPST,PC-MNT-RI                    TEL                4         0.4233       1            1.69
05577                   CBL-ASSY-REG,AUD,7FT,MOD8                    TEL                2           2.32       1            4.64
0611077D51              RES,33.2 OHM,1/8W,1%,MTL                     TEL            11179          0.004       1           44.72
0611077D51              RES,33.2 OHM,1/8W,1%,MTL                     TEL             1385          0.004       1            5.54
0611077E78              RES,681 OHM,1/8W,1%,MTL                      TEL              796          0.004       1            3.18
0611077E78              RES,681 OHM,1/8W,1%,MTL                      TEL              489          0.004       1            1.96
0611077E94              RES,1K OHM,1/8W,1%,MTL-FL                    TEL             5000          0.006       1           30.00
0611077F62              RES,4.99K OHM,K1/8W,1%,MT                    TEL             2890         0.0045       1           13.01
0611077F62              RES,4.99K OHM,K1/8W,1%,MT                    TEL              344         0.0045       1            1.55
0611077F91              RES,10KOHM,1/8W,1%,MTL-                      TEL             1025          0.003       1            3.08
0611077G17              RES,18.2KOHM,1/8W,1%,MTL-                    TEL             4205         0.0039       1           16.40
0611077H36              RES,309K OHM,1/8W,1%,MTL                     TEL             4893          0.004       1           19.57
0611077H36              RES,309K OHM,1/8W,1%,MTL                     TEL               72          0.004       1            0.29
0611079A01              RES,0 OHM,1/10W,5%,MTL                       TEL            21570          0.005       1          107.85
0611079A01              RES,0 OHM,1/10W,5%,MTL                       TEL               45          0.005       1            0.23
0611079F51              RES,3.32K OHM,1/10W,1%,MT                    TEL             1212          0.004       1            4.85
0611079F51              RES,3.32K OHM,1/10W,1%,MT                    TEL              276          0.004       1            1.10
0611079F58              RES,3.92K OHM,1/10W,1%,MT                    TEL             4309          0.004       1           17.24
0611079F81              RES,6.81K OHM,1/10W,1%,MT                    TEL             2479          0.004       1            9.92
0611079F81              RES,6.81K OHM,1/10W,1%,MT                    TEL              111          0.004       1            0.44
0611079F89              RES,8.25K OHM,1/10W,1%,MT                    TEL             1907          0.004       1            7.63
0611079G41              RES,26.1K OHM,1/10W,1%,MT                    TEL             2283          0.004       1            9.13
0611079G41              RES,26.1K OHM,1/10W,1%,MT                    TEL              126          0.004       1            0.50
0611079G63              RES,40.2K OHM,1/10W,1%,MT                    TEL             2834          0.004       1           11.34
0613927D97              RES,1000HM,1/8W,1%,MTL-                      TEL             2440          0.003       1            7.32
06504                   IC,74LS253,DUAL,3ST,MUX,D                    TEL              824          0.125       1          103.00
0662057A01              RES,10 OHM,1/10W,1%,MTL                      TEL            29720          0.004       1          118.88
0662057A01              RES,10 OHM,1/10W,1%,MTL                      TEL             5160          0.004       1           20.64
0662057C83              RES,2200 OHM,1/10W,5%,MTL                    TEL             4814          0.002       1            9.63
0662057D57              RES,2.2M OHM,1/10W,5%,MTL                    TEL             4151          0.004       1           16.60
0662057G13              RES,100K OHM,1/10W,1%,MTL                    TEL            43053          0.005       1          215.27
0662057G13              RES,100K OHM,1/10W,1%,MTL                    TEL              213          0.005       1            1.07
0662057K07              RES,18 OHM,1/4W,5%,MTL-FL                    TEL             2910          0.016       1           46.56
0662057K49              RES,1KOHM,1/4W,5%,MTL-                       TEL             4090          0.008       1           32.72
0662057R19              RES,100 OHM,1/10W,1%,MTL                     TEL            13257          0.005       1           66.29

                                                          Page 2 of 27
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
09/26/03              - CORLUND - TUSTIN -
INVDTL11B             INVENTORY VALUATION REPORT

Part Number......     Description......................           Class         On-Hand...      Unit Cost..  Cost Per   Ext Cost...

<S>                   <C>                                          <C>              <C>           <C>            <C>    <C>
0662057R19            RES,100 OHM,1/10W,1%,MTL                     TEL                  10          0.005        1         0.05
0662057R24            RES,392 OHM,1/10W,1%,MTL                     TEL               28948          0.005        1       144.74
0662057R24            RES,392 OHM,1/10W,1%,MTL                     TEL                 137          0.005        1         0.69
0662057R30            RES,1K OHM,1/10W,1%,MTL                      TEL                3352          0.004        1        13.41
0662057R30            RES,1K OHM,1/10W,1%,MTL                      TEL                 733          0.004        1         2.93
0662057R31            RES,1.21K OHM,1/10W,1%,MT                    TEL                2123         0.0039        1         8.28
0662057R32            RES,1.5K OHM,1/10W,1%,MTL                    TEL                3709          0.004        1        14.84
0662057R32            RES,1.5K OHM,1/10W,1%,MTL                    TEL                 151          0.004        1         0.60
0662057R39            RES,2.74K OHM,1/10W,1%,MT                    TEL               14088          0.005        1        70.44
0662057R47            RES,4.75K OHM,1/10W,1%,MT                    TEL                3370          0.002        1         6.74
0662057R47            RES,4.75K OHM,1/10W,1%,MT                    TEL                1785          0.002        1         3.57
0662057R60            RES,10K OHM,1/10W,1%,MTL                     TEL               24906          0.004        1        99.62
0662057R60            RES,10K OHM,1/10W,1%,MTL                     TEL                4954          0.004        1        19.82
0662057R62            RES,12.1K OHM,1/10W,1%,MT                    TEL                9241          0.004        1        36.96
0662057R62            RES,12.1K OHM,1/10W,1%,MT                    TEL                 839          0.004        1         3.36
0662057R68            RES,18.2KOHM,1/10W,1%MTL                     TEL                3313          0.004        1        13.25
0662057R68            RES,18.2KOHM,1/10W,1%MTL                     TEL                 101          0.004        1         0.40
0662057R69            RES,20K OHM,1/10W,1%,MTL                     TEL                9353          0.004        1        37.41
0662057R69            RES,20K OHM,1/10W,1%,MTL                     TEL                1457          0.004        1         5.83
0662057R72            RES,22.1K OHM,1/10W,1%,MT                    TEL                1285          0.004        1         5.14
0662057R84            RES,33.2K OHM,1/10W,1%,MT                    TEL                4322          0.004        1        17.29
0662057R84            RES,33.2K OHM,1/10W,1%,MT                    TEL                 308          0.004        1         1.23
0662057R88            RES,39.2KOHM,1/10W,1%,MT                     TEL                4132          0.004        1        16.53
0662057R92            RES,47.5K OHM,1/10W,1%,MT                    TEL                 892          0.004        1         3.57
0662057R92            RES,47.5K OHM,1/10W,I%,MT                    TEL                 737          0.004        1         2.95
06625                 CBL-ASSY-REG,6FT,MOD6,MOD                    TEL                   9            2.8        1        25.20
0664243C06            RES,27.4K OHM,1/2W,1%,MTL                    TEL                3275           0.03        1        98.25
0664243C08            RES,.068 OHM,1/2W,5%,MTL                     TEL                2595           0.22        1       570.90
0664244C08            RES,33OHM,1/2W,5%1MTL-                       TEL                3280          0.024        1        78.72
0664244C11            RES,68 OHM,1/2W,5%,MTL-FL                    TEL                7420          0.027        1       200.34
0664244C11            RES,68 OHM,1/2W,5%,MTL-FL                    TEL                   5          0.027        1         0.14
0664450C14            RES,32.4K OHM,1/10VV,1%,MT                   TEL                5914          0.004        1        23.66
0664450C14            RES,32.4K OHM,1/10W,1%,MT                    TEL                1061          0.004        1         4.24
0664450C18            RES,562 OHM,1/10W,1%,MTL                     TEL                5917          0.004        1        23.67
0664450C18            RES,562 OHM,1/10W,1%,MTL                     TEL                 218          0.004        1         0.87
0664450C24            RES,29.4K OHM,1/10W,1%,MT                    TEL                4010         0.0039        1        15.64
06651                 IC,LM337,ADJ,VREG-TO-220                     TEL                  19              0        1            -
07057                 IC,78L05,FIXED,VREG-TO-92                    TEL                 341           0.19        1        64.79
07092                 IC,74LS688,8BIT*COMPAR,DI                    TEL                 125          0.324        1        40.50
07094                 IC,74LS259,ADRS*LATCH,DIP                    TEL                 855          0.211        1       180.41
07891                 IC,74F138,DECOD*DEMUX,DIP                    TEL                 100          0.165        1        16.50
08045                 TERM-NON-INS,TAB                             TEL                 100          0.025        1         2.50
09384-1               DCN,REV-A,3512-(R1.0)                        TEL                  57            0.5        1        28.50
0964553C01            CONN,ICKT,PWRJACK,IR/R,                      TEL                 325          0.272        1        88.40
0964557C01            CONN,SHRTNG,REC.100C,I,NS                    TEL                2025           0.15        1       303.75
09831                 USR-MN,REVC,3512-DSU/CSU                     TEL                  16              3        1        48.00
09831-3               REF-CD,REVC,3512                             TEL                  31            0.5        1        15.50
09924-4               DCN,ADM-3260                                 TEL                  48          0.007        1         0.34
09924-5               DCN,326X-SERIES                              TEL                 550          0.117        1        64.35
09935                 INSTAL,REV-A,3500/3600---                    TEL                  29              0        1            -
09948-6               DCN,REVA.326X                                TEL                 615              0        1            -
09949                 DCN,REV A,326X                               TEL                  72              0        1            -
09989                 HAN,6015-2185-MOD                            TEL                 402         0.0001        1         0.04
1364657C01            INSERT,FRONT,PANEL,V3600                     TEL                  46           0.84        1        38.64
2113740A69            CAPCER,390PF,5%,50V,SMD                      TEL               10366          0.036        1       373.18
2113740A69            CAPCER,390PF,5%,50V,SMD                      TEL                2834          0.036        1       102.02

                                                          Page 3 of 27
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
09/26/03                - CORLUND - TUSTIN -
INVDTL11B               INVENTORY VALUATION REPORT

Part Number......       Description......................            Class       On-Hand...    Unit Cost..  Cost Per   Ext Cost....

<S>                     <C>                                           <C>            <C>           <C>         <C>     <C>
2113740A71              CAPCER,470PF,5%,50V,SMD                       TEL             6441         0.0177      1         114.01
2113741M57              CAPCER,.033UF,10%,50V,SMD                     TEL            10533          0.023      1         242.26
2113741N61              CAPCER,.047UF,10%,50V,SMD                     TEL             1607          0.021      1          33.75
2113741N61              CAPCER,.047UF,10%,50V,SMD                     TEL              257          0.021      1           5.40
2113741N69              CAP,CER,.1UF,10%,50V                          TEL            39307          0.014      1         550.30
2164249C01              CAPCER,.022UF,10%,25V,SMD                     TEL             9803           0.01      1          98.03
2164249C01              CAPCER,.022UF,10%,25V,SMD                     TEL             1343           0.01      1          13.43
2164419C01              CAPCER,.047UF,10%,200V,SM                     TEL             2545          0.205      1         521.73
2164419C01              CAPCER,.047UF,10%,200V,SM                     TEL              321          0.205      1          65.81
2164493C02              CAPCER,1000PF,10%,25V,SMD                     TEL             8714           0.01      1          87.14
2164493C02              CAPCER,1000PF,10%,25V,SMD                     TEL             6990           0.01      1          69.90
2164507C04              CAPCER,22PF,10%,100V,SMD                      TEL             3359           0.01      1          33.59
2164507C04              CAPCER,22PF,10%,100V,SMD                      TEL              412           0.01      1           4.12
2164520C01              CAP,CER,.47UF,10%,100V                        TEL             4160           0.27      1       1,123.20
2164523C01              CAPCER,100PF,10%,50V,SMD                      TEL             1844          0.012      1          22.13
2164524C01              CAPCER,.01UF,10%,50V,SMD                      TEL             5026          0.007      1          35.18
2164524C01              CAPCER,.01UF,10%,50V,SMD                      TEL              759          0.007      1           5.31
2164527C01              CAPCER,680PF,10%,16V,SMD                      TEL             3929           0.01      1          39.29
2164527C01              CAPCER,680PF,10%,16V,SMD                      TEL              201           0.01      1           2.01
2164527C02              CAPCER,2200PF,10%,16V,SMD                     TEL             5520         0.0295      1         162.84
2164527C02              CAPCER,2200PF,10%,16V,SMD                     TEL              200         0.0295      1           5.90
2164527C03              CAPCER,220PF,10%,16V,SMD                      TEL            14929          0.048      1         716.59
2164527C03              CAPCER,220PF,10%,16V,SMD                      TEL              555          0.048      1          26.64
2164534C01              CAPCER,4700PF,10%,50V,SMD                     TEL             4790         0.0089      1          42.63
2164534C02              CAPCER,.047UF,10%,50V,SMD                     TEL             4725         0.0142      1          67.10
2164534C02              CAPCER,.047UF,10%,50V,SMD                     TEL             1105         0.0142      1          15.69
2164537C01              CAPCER,47PF,10%,50V,SMD                       TEL             4298         0.0432      1         185.67
2164537C01              CAPCER,47PF,10%,50V,SMD                       TEL             1387         0.0432      1          59.92
2164543C01              CAP,CER1UF,10%,100V                           TEL              368              1      1         368.00
2164611C01              CAPCER,.47UF,10%,250V,SMD                     TEL             1430          0.163      1         233.09
2311049F10              CAP,TANT,1UF,20%,25V,                         TEL             3825           0.07      1         267.75
2313748B14              CAP,ELECT,22UF,20%,35V                        TEL             1000         0.0678      1          67.80
2313748B14              CAP,ELECT,22UF,20%,35V                        TEL               66         0.0678      1           4.47
2364438C02              CAPELE,470M,20%,16V,R T                       TEL             1827          0.115      1         210.11
2364438C02              CAPELE,470M,20%,16V,R T                       TEL              569          0.115      1          65.44
2364530C01              CAPELECT,10UF,20%,50V,SMD                     TEL            23768           0.05      1       1,188.40
2364532C01              CAPELECT,220UF,20%,16V,SM                     TEL             5666           0.12      1         679.92
2364532C02              CAPELECT,47UF,20%,16V,SMD                     TEL             3078           0.07      1         215.46
2364544C02              CAP,TANT,6.8UF,20%,16V                        TEL             3544            0.1      1         354.40
2364578C01              CAPELE,2200M,25V,20%,RT                       TEL             3487          0.245      1         854.32
2413924A12              IND,8.2UH,10%,600MA,18,12                     TEL              698           0.35      1         244.30
2464368C02              INDUCTOR,50UH,1.35A,SMT                       TEL             2236           2266      1       5,066.78
2464452C01              IND,6.8UH,.36A,W/SHD,1210                     TEL            32195           0.17      1       5,473.15
2464452C01              IND,6.8UH,.36A,W/SHD,1210                     TEL             3150           0.17      1         535.50
2564431C01              XFMR,INTERFACE@                               TEL             5527            2.5      1      13,817.50
2880002R01              CONN,3P,HDR,S/R,.1CTR@                        TEL             4932          0.024      1         115.37
2880002U10              CONN,20P,HDR,D/R                              TEL             1285          0.156      1         200.46
29868(R)                SLR FP SA NED/LUX GEM MOD                     TEL                1              0      1              -
310E-106D-450           CAP,10UF,450V,20%                             TEL               88           0.29      1          25.52
310E-107D-063           CAP,100UF,63V,20%                             TEL              299              0      1              -
310E-107D-L16           CAP,100UF,16V,20%                             TEL               80          0.029      1           2.32
310E-477D-010           CAP,470UF,10V,20%                             TEL               91           0.14      1          12.74
310L-106D-016           CAP,10UF,16V,20%,LOW PROF                     TEL              142           0.06      1           8.52
31OR-103A-050           CAP,0.01 ,50V,10%                             TEL             2750          0.053      1         145.75
310R-224A-250           CAP,0.22,250V,10%                             TEL              128         0.1691      1          21.64
310R-224D-050           CAP,0.22UF,50V,X7R,20%                        TEL              179           0.25      1          44.75

                                                          Page 4 of 27
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
09/26/03                - CORLUND - TUSTIN -
INVDTL11B               INVENTORY VALUATION REPORT

Part Number......       Description......................           Class       On-Hand...   Unit Cost..  Cost Per   Ext Cost.....

<S>                     <C>                                          <C>            <C>          <C>          <C>       <C>
310R-473A-A50           CAP,0.047UF,50V,10%,X7R                      TEL              62            0.2       1          12.40
31OS-223A-630           CAP,0.022,630V,10%                           TEL             172          0.105       1          18.06
310T-227D-010           CAP,22OUF,10V,20%                            TEL             153         0.1413       1          21.62
312C-3525-49S           CRYSTAL,35.2512MHZ,15PPM                     TEL              78           0.72       1          56.16
312C-9830-49S           CRYSTAL,9.8304MHZ,50PPM                      TEL              68           0.42       1          28.56
312S-0001-49U           INSUL,FOR CRYSTAL,HC49                       TEL             140         0.0183       1           2.56
313L-0002-RED           LED,2MA,T1 ,RT ANGLE                         TEL             645          0.066       1          42.57
313P-4006-000           DIODE,1N4006,IAMP,800V                       TEL            4311           0.01       1          43.11
313P-5818-030           DIODE,1N5818,1AMP,30V                        TEL            4250           0.04       1         170.00
313S-4148-000           DIODE,SIGNAL,1N4148                          TEL             920           0.02       1          18.40
313T-P4KE-C24           TRANSIENT SUPPRESSOR,24V                     TEL             228           0.11       1          25.08
313T-P6KE-400           TRANSIENT SUPPRESSOR                         TEL            2806           0.19       1         533.14
313T-P6KE-C50           TRANSORBE,600W,51V,20%                       TEL            1121            0.2       1         224.20
313U-R110-050           RECTIFIER,MUR110,100V                        TEL              47           0.14       1           6.58
313U-R160-600           RECTIFIER,MUR160,600V                        TEL             533           0.07       1          37.31
313Z-4764-A08           DIODE,ZENER,1N4764A,100V                     TEL             535         0.0324       1          17.33
313Z-5231-B04           DIODE,ZENER1N5231B,5.1V                      TEL             280           0.03       1           8.40
313Z-5239-B04           DIODE,ZENER,1/2W,9.1V,5%                     TEL            2250           0.01       1          22.50
313Z-5253-B04           DIODE,ZENER,25V,5%                           TEL            9239          0.017       1         157.06
315P-1082-220           IC,POWER SWITCH,LT1082CT                     TEL               6            5.1       1          30.60
315P-200Y-000           IC,POWER SWITCH REG                          TEL              84           1.55       1         130.20
315S-S19O-DIP           OPTO,RELAY,TS190,400V                        TEL              70            3.5       1         245.00
317C-0R0B-002           RES,0,1/4W,5%,CARBON,FLM                     TEL            2744          0.007       1          19.21
317C-102B-002           RES,1K,1/4W,5%,CARBON,FLM                    TEL            1383          0.004       1           5.53
317C-104B-002           RES,100K,1/4W,5%,CARBON                      TEL             177          0.002       1           0.35
317C-181B-004           RES,180,1/2W,5%                              TEL            2161          0.007       1          15.13
317C-220B-002           RES,22,1/4W,5%                               TEL            4530         0.0055       1          24.92
317C-272B-002           RES,2.7K,1/4W,5%                             TEL            2551          0.002       1           5.10
317C-273B-002           RES,27K,1/4W,5%                              TEL            2580         0.0044       1          11.35
317C-275B-002           RES,2.7M,1/4W,5%                             TEL            3777         0.0013       1           4.91
317C-564B-002           RES,560K,1/4W,5%                             TEL            2288          0.004       1           9.15
317C-682B-002           RES,6.8K,1/4W,5%                             TEL            4535          0.004       1          18.14
317M-9091-002           RES,9.09K,1/4W,1%                            TEL             559          0.018       1          10.06
317T-102A-X01           RES,THERMISTOR,1K,10%                        TEL              52           1.25       1          65.00
318D-SA12-092           TRANSISTOR,NPN DARLINGTON                    TEL             783          0.035       1          27.41
318F-7000-092           TRANSISTOR,2N7000,FET                        TEL            1590          0.028       1          44.52
318N-3904-092           TRANSISTOR,2N3904,TO-92                      TEL             795          0.022       1          17.49
318P-3906-092           TRANS,PNP,2N3906 TO-92                       TEL            1590          0.018       1          28.62
319C-0003-00A           INDUCTOR,COMMON MODE                         TEL             157           0.15       1          23.55
319I-08R2-150           JNDUCTOR,8.2UH,15OMA                         TEL              23           0.32       1           7.36
319I-470A-360           INDUCTOR,47UH,360MA,10%                      TEL               9           0.38       1           3.42
319I-470D-800           INDUCTOR,47UH,800MA,10%                      TEL              50            0.8       1          40.00
319L-0002-00A           TRANSFORMER,1:1                              TEL              79           3.45       1         272.55
319S-0003-00A           TRANSFORMER,CMI3936B                         TEL              45           2.13       1          95.85
319S-0010-000           TRANSFORMER,SWITCHING,DEC                    TEL             250           2.26       1         565.00
321C-2X20-M00           HDR,40 PIN,2X20,W/LATCH                      TEL              20           1.81       1          36.20
321C-2X25-M00           HDR,50 PIN,2X25,W/LATCH                      TEL               6           2.17       1          13.02
321D-DB9R-FLX           CONNECTOR,DB9,FEMALE                         TEL              10           1.35       1          13.50
321D-DB9V-FPC           DB-9,FEMALE,VERT                             TEL              27           0.55       1          14.85
321H-01X1-MS1           HEADER,SINGLE,0.02X0.40                      TEL            4350           0.08       1         348.00
321H-01X2-MHR           HEADER,1X2,MALE,RT ANGLE                     TEL               7         0.0289       1           0.20
321H-01X3-MRX           CONNECTOR,POWER                              TEL              99            0.5       1          49.50
321H-01X3-MSS           HEADER,1X3,MALE                              TEL              34         0.0207       1           0.70
321H-01X4-MSS           HEADER,1X4,MALE                              TEL              19          0.051       1           0.97
321H-02X5-FS4           HEADER,2X5,FEMALE                            TEL              22         0.3919       1           8.62
321H-02X5-MS6           HDR,MALE,2X5,0.025 SQ"                       TEL              66          0.266       1          17.56

                                                          Page 5 of 27
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
09/26/03                - CORLUND - TUSTIN -
INVDTL11B               INVENTORY VALUATION REPORT

Part Number......       Description......................           Class       On-Hand...   Unit Cost..  Cost Per   Ext Cost.....

<S>                     <C>                                          <C>           <C>         <C>          <C>      <C>
321H-1X16-MSS           HEADER 16,MALE                               TEL              1          0.2025     1            0.20
321R-0005-RTA           CONN,RJ11,R/A,4 CONTACTS                     TEL             87            0.43     1           37.41
322D-O4PS-PSW           SWITCH,DIP 4, POS SINGLE                     TEL             21            0.93     1           19.53
322D-4PST-TPC           SWITCH,DIP4                                  TEL             82            0.37     1           30.34
337M-0051-000           LBL,SERIAL & BARCODE                         TEL            145            0.18     1           26.10
340N-0440-N00           NUT,4-40 STO PATTERN HEX                     TEL             14           0.015     1            0.21
342P-0440-P06           SCREW,4-40X3/8,PHILIPS                       TEL             14           0.012     1            0.17
343E-0440-000           WASHER,LOCK,EXTERNAL                         TEL             14           0.012     1            0.17
343F-0440-SS0           WASHER #4/#5,.138 OD,.128                    TEL             20            0.01     1            0.20
34968-06                STDOFF,HEX,STL,4-40X1 .5                     TEL           1634            0.29     1          473.86
370D-0000-001           DISK,USER,MAN.-VER 1.0                       TEL           2392            0.92     1        2,200.64
370D-0001-001           DISK,USER,MANUAL                             TEL            129             0.8     1          103.20
38983-02                AP,WIRE-REG,AWG,V,CEN                        TEL            100          0.2389     1           23.89
39900                   NC CC01 00 09DB CA GEM                       TEL              2        169,4995     1          339.00
410C-100B-H50           CAP,10PF,50.5%,0805,NPO                      TEL           2340           0.015     1           35.10
410C-102A-H50           CAP-.001UF,50V,10%,0805                      TEL           3145           0,007     1           22.02
410C-103A-H50           CAP,.01UF,50V,10%                            TEL           1550          0.0075     1           11.63
410C-104D-H50           CAP,0.1,50V,20%,0805                         TEL           2459            0.07     1          172.13
410C-150B-H50           CAP,15PF,50V,5%,0805,NPO                     TEL           3120           0.013     1           40.56
410C-224D-A50           CAP,0.22,50V,20%,1206                        TEL            400            0.05     1           20.00
410C-330B-H50           CAP,33PF,50V,5%,NPO,SMT                      TEL           2353           0.009     1           21.18
410C-330B-H50           CAP,33PF,50V,5%,NPO,SMT                      TEL             16           0.009     1            0.14
410T-106D-B10           CAPTANT,10UF,10V,20%                         TEL           1703           0.095     1          161.79
410T-106D-B16           CAPTANT,10UF,16V,20%                         TEL           1185           0.084     1           99.54
413F-5818-030           DIO,DL5818,MELF,DO-231AB                     TEL           1043            0.11     1          114.73
4135-4148-SOT           DIODE,BAS16L,SOT-23                          TEL           2669           0.015     1           40.04
413T-SMBJ-310           SIDACATOR,310 VOLT,SMT                       TEL           1972           0.395     1          778.94
413T-SMBJ-310           SIDACATOR,310 VOLT,SMT                       TEL             28           0.395     1           11.06
413T-SMBJ-C10           TRANSORB,10V,BI-DIR,600W                     TEL            879            0.12     1          105.48
413Z-5231-B04           DIO,MMSZ5231B,5.1V                           TEL           2170          0.0197     1           42.75
413Z-5242-SOT           DIO,MMBZ5242LT1,12V                          TEL           1355           0.025     1           33.88
414F-1R6S-SMT           FUSE,1.6AMP,SLOW BLOW                        TEL            953           0.445     1          424.09
415C-1338-SOP           LTC13381G,SSOP-28                            TEL             63             5.8     1          365.40
415C-8211-SOP           IC,8211,SO-8                                 TEL             79            1.45     1          114.55
415M-32X8-SOJ           RAM32KX8,SOJ-28,70NS                         TEL             66             1.1     1           72.60
415M-4C02-SOI           IC,MEMORY,2K,SERIAL,EE                       TEL           1727            0.36     1          621.72
415P-1129-Q5X           IC,VOLTAGE,7V,FIXED,700MA                    TEL             70             2.9     1          203.00
415R-144A-CLC           R5902-14 OR C5902-14                         TEL             64               3     1          192.00
415R-144A-CLD           R6669-12/RC144DPL                            TEL             87               3     1          201.00
415R-144A-CLM           C4000-17/C39R/U                              TEL             70               3     1          210.00
417C-1002-H00           RES,10K,1%,0805                              TEL           4125          0.0039     1           16.09
417C-100B-A02           RES,10,5%,1/4W,1206                          TEL           2884           0.002     1            5.77
417C-103B-H00           RES,10K,5%,0805                              TEL           2879          0.0025     1            7.20
417C-104B-H00           RES,100K,5%,0805                             TEL           4130          0.0033     1           13.63
417C-105B-H00           RES,1M,5%,0805                               TEL           2549           0.002     1            5.10
417C-106B-H00           RES,10MEG,5%,0805                            TEL           4135           0.002     1            8.27
417C-1072-H00           RES,10.7K,1%,0805                            TEL           4123          0.0018     1            7.42
417C-1213-H00           RES,121K,1%,0805                             TEL           4125          0.0024     1            9.90
417C-152B-H00           RES,1.5K,5%,0805                             TEL           4145          0.0024     1            9.95
417C-221B-H00           RES,220,5%,0805                              TEL           3325           0.002     1            6.65
417C-223B-H00           RES,22K,5%,0805                              TEL           4125           0.002     1            8.25
417C-275B-H00           RES,2.7M,5%,0805                             TEL           2525           0.002     1            5.05
417C-4022-H00           RES,40.2K,I%,0805                            TEL           3335          0.0024     1            8.00
417C-472B-H00           RES,4.7K,5%,0805                             TEL           4138          0.0024     1            9.93
417C-5620-H00           RES,562,1%,0805                              TEL           4125          0.0024     1            9.90
417C-6191-H00           RES,6.19K,1%,0805                            TEL           4125          0.0024     1            9.90

                                                          Page 6 of 27
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
09/26/03                 - CORLUND - TUSTIN -
INVDTL11B                INVENTORY VALUATION REPORT

Part Number......        Description.....................           Class      On-Hand...    Unit Cost..  Cost Per   Ext Cost.....

<S>                      <C>                                         <C>          <C>            <C>         <C>       <C>

417C-821B-H00            RES,820,5%,0805                             TEL           4140           0.004      1            16.56
418D-MPSA-SOT            MMBTA14L,SOT-23                             TEL           1335           0.019      1            25.37
418N-3904-SOT            TRANS,MMBT39O4,SOT-23                       TEL           1334           0.029      1            38.69
419C-1O0A-A25            IND,IOUH,25MA,10%,1206                      TEL            500             0.5      1           250.00
419C-3R3A-A50            IND,3.3UH,5OMA,10%,1206                     TEL            385            0.25      1            96.25
42618(R)                 3267 V.34 FRANCE                            TEL              1               0      1                -
4813824A10               XSTR,NPN,S1,SW/AMP,SOT,23                   TEL           1784           0.015      1            26.76
4813824A11               XTER,NPN,SISW/AMP4OVSO                      TEL           4980          0.0145      1            72.21
4813824A17               XSTR,PNP,SI,SW/AMP,SOT,23                   TEL           4175            0.02      1            83.50
4813830A11               DIODE,ZNR,3.9V,.3W,SOT23                    TEL           3990          0.0235      1            93.77
4813830A12               DIODE,ZN,22MA,4.3V,SOT23                    TEL           6970            0.02      1           139.40
4813830A28               DIODE,ZNR,15V,.5W,SOT2,3                    TEL           2792           0.021      1            58.63
4813830A31               DIODE,ZNR,18V,.5W,S0T23                     TEL           2493          0.0235      1            58.59
4813830A31               DIODE,ZNR,18V,.5W,50T23                     TEL             37          0.0235      1             0.87
4813833A03               DIODE,3A,40V,SHTKY,DPA K                    TEL           2591             027      1           699.57
4813833C05               DIODE,ARAY,00M,ANOD,SO,                     TEL           7488            0.03      1           224.64
4813833C09               DIODE,HI,SPD,SW,SOT-23                      TEL           3628           0.017      1            61.68
4813842A21               XSTR.PNP,SI,SOT23                           TEL           1485           0.017      1            25.25
4864551C01               DIODE,BRIDGE,400V,1A,S04                    TEL           3678           0.148      1           544.34
4864576C02               XSTR,NPN,PWR,DPAK                           TEL           3578          0.1759      1           629.37
4864587C01               OSC,XTL,36.864MHZ                           TEL           3578          1.1482      1         4,108.26
4864587C02               OSC,XTL,1.8432MHZ                           TEL           3556          1.0514      1         3,738.78
4864594C02               SURGE,PROTECT,275V,100A                     TEL           3677           0.726      1         2,669.50
4864594C04               SURGE,PROTECT,150V,50A                      TEL           5459          0.4481      1         2,446.18
4864596C01               LED,RED,ALGAS                               TEL           1224             0.5      1           612.00
4864596C01               LED,RED,ALGAS                               TEL            448             0.5      1           224.00
4864596C02               LED,HI/EFF,GREEN                            TEL           1164            0.22      1           256.08
50235-23                 CAP,CER,1.0UF,+8-20%,50V                    TEL           2235            0.19      1           424.65
50235-27                 CAP,CER,.22UF,10%,50V,AXL                   TEL            304            0.09      1            27.36
50309-51                 IC-SMD,7528,8BIT,D/A-DUAL                   TEL             18            7.25      1           130.50
5064592C02               SPKR,1"8 OHM,0.2W,80DB                      TEL           3065            0.82      1         2,513.30
50710-51                 XSTR-SMD,4393,JFET,N-CHAN                   TEL           4958            0.12      1           594.96
50735-02                 RES,.560HM,2W,3%,WW,AXL                     TEL             30          0.5253      1            15.76
50737-20                 CAP,ELECT,3300UF,20%,35V                    TEL             20            0.62      1            12.40
50737-21                 CAPELECT,1000UF,20%,25V                     TEL            296            0.28      1            82.88
50737-25                 CAPELEC,470UF120%,25V,RDL                   TEL            251           0.149      1            37.40
50737-26                 CAP,ELECT,1000UF,20%,10V                    TEL            405          0.1267      1            51.31
50737-29                 CAPELECT,3300 UF,20%,16V                    TEL           5038            0.28      1         1,410.64
50737-30                 CAP,ELECT,I000UF,20%,35V                    TEL           1350          0.2693      1           363.56
50836-51                 DIODE-SMD,MBRS140,1A,40V                    TEL           1576           0.095      1           149.72
5113808A15               IC,QUAD,2-IN,DR,GATE,SO14                   TEL           5039             0.1      1           503.90
5113815G07               IC,QUAD,RS/232,DRVR,SO14                    TEL           4729            0.13      1           614.77
5113815G08               IC,QUAD,LINE,RCVR,SO14                      TEL           3758            0.13      1           488.54
5113816G01               IC,+5V,VOLTAGE,REG,SO8                      TEL           2345            0.09      1           211.05
5113816G10               IC,VOLT,REG,NEG,SO8                         TEL           2071           0.122      1           252.66
51255-03                 AA,CUSHION-FOLDER-PCBS                      TEL             41            3.85      1           157.85
5164569C01               IC,AUDIO,AMP,LOW,VOLT,S08                   TEL           1188           0.125      1           148.50
5164569C01               IC,AUDIO,AMP,LQW,VOLT,S08                   TEL            253           0.125      1            31.63
5164569C05               IC,OPTO,7500V,5006@                         TEL           7520            0.23      1         1,729.60
5164569C08               1C,OPTO,1SOL,AC,IN,S006@                    TEL           1103            0.44      1           485.32
5164570C11               IC,EEPROM,8KX8,64BYT,PAGE                   TEL           1604            1.85      1         2,967.40
5164570C12               IC,UMAFE,PL44                               TEL           3517             5.6      1        19,695.20
5164570C17               IC,68302/56002,UP,357B,GA                   TEL           2010              36      1        72,360.00
5164570C18               IC,CMCS,FLASH,5V,90N5,4MG                   TEL            368               3      1         1,104.00
5164571C01               IC,DUAL,4CH,ANLG,MUX,SO16                   TEL           4040           0.141      1           569.64
5164571C02               IC,TRI,2CH,ANLOG,MUX,SO16                   TEL           3306            0.16      1           528.96

                                                          Page 7 of 27
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
09/26/03              - CORLUND - TUSTIN -
INVDTL11B             INVENTORY VALUATION REPORT

Part Number......     Description.......................           Class       On-Hand...    Unit Cost..  Cost Per   Ext Cost.....

<S>                   <C>                                            <C>            <C>         <C>          <C>       <C>
5164572C01            IC,HCMOS,INVERTER,SO14                         TEL            1088         0.079       1            85.95
5164573C05            IC,SWITCH,CNTL,S008                            TEL            1284           2.6       1         3,338.40
5164573C05            IC,SWITCH,CNTL,S008                            TEL              58           2.6       1           150.80
5164573C06            IC,IOOKHZ,3A,SW,REG,QP,AC                      TEL            1214          5.05       1         6,130.70
51747-19              C0NN-S3LR-REG,HDR,3POS,M                       TEL             468         0.045       1            21.06
51790-21              CONN-REG,HDR,M2*STR*U,IWX                      TEL            1697         0.351       1           595.65
51790-23              CONN-SGLR-REG,HDR,F30*STR                      TEL             367         1.495       1           548.67
51857-07              FUSE-REG,PC,MNT,1A,125V*                       TEL             966          0.14       1           135.24
51926-51              IC-SMD,75174,RS-422,LINE                       TEL            1348           0.5       1           674.00
51969-08              CONN-JACK-REG,TELCO,F8*                        TEL             190          0.87       1           165.30
51969-21              CONN-REG,TELCO,F8*RGHT*U                       TEL             735          0.65       1           477.75
51969-22              CONN-REG,TELCO,6P05,F,RGH                      TEL            1015        0.7106       1           721.26
52185-51              IC-SMD,555,GENL,TIMER,SO8                      TEL            1749         0.285       1           498.47
52265-53              IC,8KX8,SRAM,25NS,CMOS                         TEL            2511           1.2       1         3,013.20
52351-03              CBL-ASSY-REG,PWR*5A FUSE                       TEL              21          2.59       1            54.39
52351-07              CABLE-ASSY-REG.PWR*l 2300                      TEL              11          1.75       1            19.25
52351-08              PWR-CORD-REG,250V,10A,UK                       TEL              78          4.95       1           386.10
52351-09              POWER-CORD-REG,220V,10A                        TEL             158          11.6       1         1,832.80
52351-10              POWER-CORD-REG,220V,10A                        TEL               1          2.25       1             2.25
52351-11              CBL-ASSY,PWR,I,UN,PKK                          TEL               4           7.5       1            30.00
52351-16              CBL-ASSY-REG,PWR,IJN,PKJ                       TEL             113         11.65       1         1,316.45
52351-21              PWR-CORD-REG,250V,10A                          TEL               9             0       1                -
52351-23              PWR-CORD-REG,250V,10A                          TEL             241             0       1                -
52392-18              CRYSTAL-REG,20MHZ***HC49                       TEL            1120          0.21       1           235.20
52447-02              XSTR,BUZ4IA,MOSFET,N-CHAN                      TEL               4          0.72       1             2.88
52462-01              RES,00HM,1/4W,5%MTL-FLM,                       TEL              44             0       1                -
52494-56              DIODE-SMD,MBR34O,SHTKY,                        TEL            1492         0.335       1           499.82
52531-03              CAP,TANT,100UF,10%,15V                         TEL            1204        0.9172       1         1,104.31
52531-04              CAPTANT,10UF,10%,35V,AXL                       TEL            2126         0.585       1         1,243.71
52531-05              CAPTANT,47UF,10%,10V,AXL                       TEL            2284          0.58       1         1,324.72
52531-07              CAP,TANT,47UF,10%,25V,AXL                      TEL             394             2       1           788.00
52532-02              CONN-REG SHUNT 2POSF***                        TEL              53          0.19       1            10.07
52566-02              IC,74HC393,DUAL*CNTR,DIP1                      TEL              11         0.154       1             1.69
52567-01              IC,74HCOO,QUAD*NAND,DIP14                      TEL              12          0.08       1             0.96
52567-02              IC,74HC04,HEX*INV,DIP14                        TEL              12          0.85       1            10.20
52567-05              IC,74HC30,8-IN*NAND,DIP14                      TEL              13         0.105       1             1.37
52580-52              IC-SMD,TL431C,ADJ,VREF                         TEL            1948          0.08       1           155.84
52599-01              LED,RED/RED,DFSD,10MA,DUA                      TEL             200          0.77       1           154.00
52599-02              LED,GRN/GRN,DFSD,10MA                          TEL            3582           0.3       1         1,074.60
52599-03              LED,YELIYEL,DFSD,10MA,DUA                      TEL             200          0.77       1           154.00
52599-09              LED,GRN/RED,DFSD,10MA,DUA                      TEL             447          0.77       1           344.19
52599-15              LED,GRNIYEL,DFSD,10MA,DUA                      TEL             159          0.77       1           122.43
52645-02              IC,74HC259,8BITtLATCH,DIP                      TEL              64          0.17       1            10.88
52654-51              IC-SMD,68681,STD-LSI                           TEL            1500        2.8633       1         4,294.95
52716-22              CONN-REG,D-SUB,F25,RGHT                        TEL            7881         1.295       1        10,205.90
52822-51              IC-SMD,74F74,DUAL,D,FF                         TEL            2375        0.0854       1           202.83
52922-07              HEATSINK,VERT*DIE,LOW,BLK                      TEL              43         0.115       1             4.95
52942-01              IC,74HC02,QUAD*NOR,DIP14                       TEL             101          0.08       1             8.08
52942-03              IC,74HC32,QUAD*OR,DIP14                        TEL              17          0.09       1             1.53
52943-53              IC-SMD,74HC244,OCT,3ST                         TEL            2162        0.1229       1           265.71
52989-02              IC,74HC138,MUXDEMUX,DIP1                       TEL              12         0.115       1             1.38
52992-01              IC,74HC74,DUAL,D,FF,DIP14                      TEL              10          0.09       1             0.90
53092-06              SWITCH,ROCKER,SPST,PC-MNT                      TEL               4          0.69       1             2.76
53092-66              SWITCH,DIP,SPST,SMD,6,POS                      TEL             786          0.93       1           730.98
53102-51              IC-SMD-REG,145406,RS-232                       TEL             950         0.657       1           624.15
53516-30              CONN-SGLR-REG HDR M2 * ST                      TEL             126          0.03       1             3.78

                                                          Page 8 of 27
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
09/26/03              - CORLUND - TUSTIN -
INVDTL11B             INVENTORY VALUATION REPORT

Part Number......     Description.......................            Class      On-Hand...    Unit Cost..  Cost Per   Ext Cost.....

<S>                   <C>                                            <C>            <C>         <C>          <C>     <C>
53516-31              CONN-SGLR-REG,HDR,M3*STR*                      TEL            2988           0.05      1         149.40
53622-01              DISPLAY,LCD,1X16*A/N,DOT                       TEL               3             25      1          75.00
53658-02              **END CAPV32 2300                              TEL             176            3.1      1         545.60
53660-01              **CORRUGATEDINSERTV32                          TEL              85           1.18      1         100.30
5464607C05            LBL,V.3600 64 011                              TEL            1750           0.11      1         192.50
5464684C01            AA,COUPON,GENERIC,MOT/CQ                       TEL            1364           0,01      1          13.64
54886-12              CBL-ASSY-REG,AUD,5FT,MOD6                      TEL              54         3.7294      1         201.39
54886-13              CBL-ASSY-REG,AUD,7FT,MOD6                      TEL              51           3.25      1         165.75
550018071204          BASE,MB,BLK,SHIELDED                           TEL              24          8.015      1         192.36
550018370602          CVR,MB,BLK                                     TEL             110           4.57      1         502.70
550025100902          BEZEL,F,MB,BLK                                 TEL              36           1.79      1          64.44
550041380409          BASE,DESKTOP,NT1D                              TEL             113           1.82      1         205.66
5500427000040         CVR/LP,ASSY,NT1D-BLACK                         TEL               4            4.1      1          16.40
55050-03              ASY-REG,SIG,6FT*MOD8,MOD6                      TEL               1           7.66      1           7.66
55050-07              ASY-REG,SIG,16FT,*MOD6                         TEL              48            7.1      1         340.80
55050-12              ASY-REG,SIG,7FT*MOD6                           TEL              89            8.9      1         792.10
55050-13              ASYREG,SIG,7FT                                 TEL              21              6      1         126.00
55050-20              CBL-ASSY-REG,SIG,7FT                           TEL              10            6.2      1          62.00
55050-21              CBL-ASSY-REG AUD 7FT MOD6                      TEL              16         2.2799      1          36.48
55182-01              HANDLE-REG**NMTLZ                              TEL               3           0.31      1           0.93
55729-01              CBL-ASSY-REG,AUD,5FT,MOD6                      TEL             369              4      1       1,476.00
55729-06              CBL-ASSY-REG,SIG,9FT,MOD6                      TEL              18           6.15      1         110.70
55729-11              CBL-ASSY-REG,8FT,RJ11                          TEL              53              4      1         212.00
57343-10              PNL-REG,UN00,FRONT,NMTLZ*                      TEL             118           5.05      1         595.90
57478-02              LABEL*3260.FRONT-PNL PKJ                       TEL            5616           0.69      1       3,875.04
57483-01              LABEL*PKJ                                      TEL             418           1.59      1         664.62
57770-01              PLSTC-REG**NMTLZ,CASPER                        TEL             181         0.6854      1         124.06
57771-01              BUSS-BAR-18-PIN                                TEL               8             20      1         160.00
57772-01              GROUND-TAP                                     TEL             330           1.99      1         656.70
57787-02              PNL-REG*FRONT,MTLZ                             TEL             100           1.01      1         101.00
57949-01              STANDOFF HEX*STEEL 1/4                         TEL            2016           0.32      1         645.12
58385-02              INSULATOR*PKJ                                  TEL            1741           0.38      1         661.58
58389-01              CBL-ASSY-REG SIG 6FT MOD8                      TEL               8            3.5      1          28.00
58511-01              REAR-PNL-S/A-DOM-DIAL,PKJ                      TEL              85           1.64      1         139.40
58531-01              HSG-REG*BOTTOM,NMTLZ*PKJ                       TEL            1199           4.91      1       5,887.09
58531-03              HSG-REG*BOTTOM,NMTLZ                           TEL             205            6.6      1       1,353.00
58531-05              PP-HSG-REG,*BTM,3460-BLK                       TEL             271           9.18      1       2,487.78
58531-11              HSG-REG*BOTTOM,MTLZ                            TEL              51           4.81      1         245.31
58531-13              PP,HSG-REG,BTM,3460 FP,BL                      TEL             110           7.79      1         856.90
58536-02              HSG-REG*TOP,NMTLZ                              TEL            1922            2.9      1       5,573.80
58536-04              PP-HSG-REG,*-TOP-3460-BLK                      TEL             134           4.11      1         550.74
58538-01              LABEL*326O PKJ                                 TEL            1169           0.36      1         420.84
58543-03              CBL-ASSY-REG,8FT TAES6N/M                      TEL              29           4.91      1         142.39
58543-04              CBL-ASSY-REG,SIG,8FT                           TEL              26           8.07      1         209.82
58571-02              REAR-PANEL-UK                                  TEL             307           1.48      1         454.36
55579-02              REAR-PANEL-GERM-1-CONN                         TEL               4           3.03      1          12.12
58580-01              REAR-PANEL-S/A-BATMAN,PKJ                      TEL             111         1.4008      1         155.49
58583-02              REAR-PANEL-GERM-2-CONN                         TEL             396           1.81      1         716.76
58609-01              LABEL*PKJ                                      TEL             850           0.22      1         187.00
58648-0 I             **BAG ANTI STATIC-13X22                        TEL            1342            0.4      1         536.80
58706-14              LABEL-REG*3265-BABT                            TEL               9         0.2943      1           2.65
58706-15              LABEL-REG*3266-BABT                            TEL             752          0.146      1         109.79
58706-18              LABEL-REG*3267-BABT,PKJ                        TEL              46           0.38      1          17.48
58706-19              LABEL-REG*3268-BABT                            TEL              22          0.292      1           6.42
58706-31              LABEL-REG*2185-BABT                            TEL             420           0.08      1          33.60
58712-02              COVER-DIP-SWITCH-INTL                          TEL            2906           0.11      1         319.66

                                                          Page 9 of 27
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
09/26/03             - CORLUND - TUSTIN -
INVDTL11B            INVENTORY VALUATION REPORT

Part Number......    Description.......................           Class       On-Hand...   Unit Cost..  Cost Per   Ext Cost.....

<S>                  <C>                                           <C>           <C>          <C>         <C>        <C>
58751-02             REAR-PANEL-UI-I-CONN 3265                     TEL             80         1.9335      1            154.68
58989-01             **BAG-STATIC,SHIELD'G-18                      TEL           2247           0.35      1            786.45
58990-01             **BAG+STATIC-SHIELD'G-11                      TEL           1104           0.21      1            231.84
60015-01             IC,74HC14,HEX*INV,DIP14                       TEL             11          0.097      1              1.07
60022-06             SWITCH,DIP,SPST,PN-MNT*                       TEL             22         0.5037      1             11.08
60022-53             SWITCH,DIP,SPST,SMD,4,POS                     TEL              1         0.4037      1              0.40
60022-57             SWITCH,DIP,SPST,SMD,8,POS                     TEL           1589           0.57      1            905.73
60023-05             RESNET*22KOHM,2%,SIP6,5RE                     TEL           1812          0.059      1            106.91
60023-06             RESNET,*4.7K OHM,2%,SIP6                      TEL            185           0.04      1              7.40
60023-13             RESNET*33KOHM,2%,SIP6,5RE                     TEL           1677          0.055      1             92.24
60047-51             DIODE-SMD,MURS12O,HI-SP                       TEL           1484          0.093      1            138.01
60051-02             XFMR-REG,AUDIO/LL**600OHM                     TEL              1           2.62      1              2.62
60051-03             XFMR-REG,AUDlO/LL**600OHM                     TEL            177           2.24      1            396.48
60051-04             XFMR-REG,AUDlO1LL**600OHM                     TEL            538           1.68      1            903.84
60057-53             IC-SMD,74F04,HEX*INV,SO14                     TEL           2399            0.1      1            239.90
60057-58             IC-SMD,74F32,QUAD*OR,S014                     TEL            737         0.0784      1             57.78
60060-01             LED,BICLR/RED/GRN,DFSD,                       TEL             57           0.42      1             23.94
60083-51             IC-SMD,74F245,OCT,3ST                         TEL           1948         0.1354      1            263.76
60091-09             RESNET*2.7KOHM,2%,DIP14,1                     TEL             29              0      1                 -
60091-52             RESNET*10KOHM,2%,SO16M                        TEL           1147          0.218      1            250.05
60105-51             CHOKE-REG,GENL,*,.085A,22                     TEL            445          0.122      1             54.29
60106-52             IC-SMD-REG,26C31,RS-422                       TEL           2131          0.468      1            997.31
60108-01             RELAY ELECTRO,2FORM-C,5VD                     TEL            799           1.35      1          1,078.65
60126-53             IC-SMD,74TCT04,HEX*INV                        TEL           1286          0.109      1            140.17
60144-02             IC,74HC157,QUAD*MUX,DIP16                     TEL            329         0.1568      1             51.59
60145-51             IC-SMD,74HCT273,OCT,D,FF                      TEL           1294         0.1375      1            177.93
60149-52             DIODE,5235B,ZENER,6.8V,                       TEL           4266          0.014      1             59.72
60149-56             DIODE,5236B,ZENER,SOT-23                      TEL           5270         0.0118      1             62.19
60149-57             DIODE,5250B,ZENER,20V                         TEL           4548          0.023      1            104.60
60149-59             DIODE,5327B,ZENER,3SOT-23                     TEL           3604          0.036      1            129.74
60149-61             DIODE,5260B,ZENER,43V                         TEL           2867          0.022      1             63.07
60149-63             DIODBSMD,5240B,ZENER,SOT                      TEL           3464          0.025      1             86.60
60149-70             DIODE,SMD,5256B,30V,ZENER                     TEL           5755           0.11      1            633.05
60173-51             RELAY-SMD-REG,SS,1FORM-A                      TEL            946           1.19      1          1,125.74
60173-55             RELAY-SMD-REG,SS,1 FORM-A                     TEL           1037            0.9      1            933.30
60178-03             SPEAKER,PKK                                   TEL           2382           1.95      1          4,644.90
60186-08             CONN-REG,D-SUB,25POS,F                        TEL             27           2.68      1             72.36
60186-11             CONN-PF-REG,D-SUB,25P0S                       TEL            233            4.9      1          1,141.70
60190-51             IC-SMD,7705,P/S,SUPERVIS                      TEL           4094           0.25      1          1,023.50
60192-01             SUPPRESS-REG,SURGE***                         TEL             38           1.59      1             60.42
60204-51             IC-SMD,LM386,SGL,AUDIO-AM                     TEL           5611          0.116      1            650.88
60214-05             SPRING,FINGER-BATMAN,PKJ                      TEL            594           0.47      1            279.18
60218-02             STANDOFF,HEX*PLSTC,6-32X1                     TEL            200           0.12      1             24.00
60228-51             IC-SMD,1KX1,SER-EEPROM                        TEL           4751         0.4338      1          2,060.98
60232-15             CONN-DBLR-REG,HDR,M8*STR*                     TEL              2              0      1                 -
60232-24             CONN-DBLR-REG,HDR,M3O*STR                     TEL            426           0.95      1            404.70
60232-30             CONN-DBLR-REG,HDR,M56*STR                     TEL             18              0      1                 -
60232-33             CONN-SGLR,HDR,M2*STR*IWX                      TEL           1102           0.25      1            275.50
60233-03             STANDOFF,RND*PLSTC.25X1                       TEL            691          0.035      1             24.19
60236-53             IC-SMD,74HC4053,MUX                           TEL           5901           0.12      1            708.12
60271-01             CLAMP,ADH,PKJ                                 TEL              2         0.1458      1              0.29
60281-51             FERRITE,BEAD,***SMD*                          TEL           2054          0.055      1            112.97
60281-53             FERRITE,BEAD,***SMD*PKH                       TEL          25748          0.067      1          1,725.12
60289-02             SCREW,SEMS,PNH,STEEL,                         TEL           2215          0.013      1             28.80
60289-28             SCREW,PNH,STL,2-56X5/16                       TEL            630          0.024      1             15.12
60289-30             SCREW,SEMS,PNH,STEEL,                         TEL          19100          0.024      1            458.40

                                                         Page 10 of 27
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
09/26/03             - CORLUND - TUSTIN -
INVDTL11B            INVENTORY VALUATION REPORT

Part Number......    Description.......................           Class       On-Hand...    Unit Cost..  Cost Per   Ext Cost.....

<S>                  <C>                                           <C>            <C>          <C>         <C>      <C>
60312-01             IC,74HC161,4BIT*CNTR,DIP1                     TEL                1          0.132     1             0.13
60314-51             IC-SMD,74HC125,QUAD,3ST                       TEL             5504         0.1025     1           564.16
60315-02             XFMR-REG,AUDIO/DL**600OHM                     TEL                1            3.5     1             3.50
60315-04             XFFMR-REG,AUDIO/DL**600                       TEL              354           3.47     1         1,228.38
60315-07             XFMR-REG,AUDIO/DL**600OHM                     TEL              190           4.25     1           807.50
60345-52             SWITCH,P/B,SPST,SMD,PKH                       TEL             3730           0.36     1         1,342.80
60349-01             IC,74HC153,DUAL*MUX,DIP16                     TEL                1         0.1591     1             0.16
60352-12             RES,150 OHM,2W,5%,MTL-FLM                     TEL             3551          0.033     1           117.18
60352-21             RES,100 OHM,2W,5%,MTL-FLM                     TEL              312          0.045     1            14.04
60378-03             CAP,CER,22PF,5%,100V,RDL*                     TEL              436          0.106     1            46.22
60378-04             CAP,CER,1000PF,10%,100V,R                     TEL              110           0.03     1             3.30
60378-07             CAP,CER,1UF,10%,50V,RDL                       TEL              416          0.309     1           128.54
60410-02             CAP,FILM,1.0UF,10%,250V,R                     TEL               19           3.45     1            65.55
60421-52             IC-SMD,DFE-SHRINK,CUST                        TEL             1055         3.5277     1         3,721.72
60423-56             IC-SMD,CSP-4OMHZ,CUST                         TEL             1883        10.8263     1        20,385.92
60430-06             AP,RIVET,0118X.172,TUBE                       TEL            10458          0.035     1           366.03
60439-01             RELAY-REG,2FORM,5VDC,SLD                      TEL              325           2.19     1           711.75
60439-02             RELAY,ELECTRO,2FORM-C                         TEL               75            1.5     1           112.50
60439-52             RELAY-SMD,ELECTRO-5VDC                        TEL              805           1.83     1         1,473.15
60440-51             XSTR-SMD,MTD4PO6,TMOS                         TEL              197          0.401     1            79.00
60442-05             CAP,TANT,10UF,20%,16V,RDL                     TEL              231           0.09     1            20.79
60445-53             IC-SMD,CMIO-03-SHRINK                         TEL             1571          3.347     1         5,258.14
60456-01             XFMR-REG,PULSE**135OHM,                       TEL               99           1.85     1           183.15
60467-51             XSTR-SMD,BT3906,BIPLR                         TEL            18714          0.017     1           318.14
60468-51             IC-SMD,3486,RS-422,LINE-                      TEL              315         0.4032     1           127.01
60471-52             IC-SMD-REG,26C32,RS-422                       TEL              568           0.58     1           329.44
60474-02             CAPCER,.1UF,10%,50V,SMD                       TEL             9190          0.015     1           137.85
60474-03             CAPCER,.01UF,10%,100V,SMD                     TEL            11781          0.031     1           365.21
60474-05             CAPCER,.068UF,10%,50V,SMD                     TEL            39058          0.052     1         2,031.02
60474-06             CAPCER,.047UF,10%,50V,SMD                     TEL             4512         0.0281     1           126.79
60474-06             CAPCER,.047UF,10%,50V,SMD                     TEL             2533         0.0281     1            71.18
60474-09             CAPCER,.033UF,10%,500V,SM                     TEL             2929          0.335     1           981.22
60474-13             CAPCER,.47UF,10%,500V,SMD                     TEL              949            0.5     1           474.50
60474-14             CAPCER,2.2UF,10%,50V,SMD                      TEL             1088            2.3     1         2,502.40
60474-15             CAP,CER,.22UF,10%,50V                         TEL             1624         0.1452     1           235.80
60474-17             CAPCER,.033UF,10%,50V,SMD                     TEL             5811          0.021     1           122.03
60474-18             CAPCER,.022UF,10%,50V,SMD                     TEL            10891          0.027     1           294.06
60474-24             CAPCER,.1UF,10%,100V,SMD                      TEL                4          0.197     1             0.79
60474-25             CAPCER,6800PF,10%,50V,SMD                     TEL             5493          0.088     1           483.38
60474-27             CAPCER,.01UF,10%,500V,SMD                     TEL            17504           0.29     1         5,076.16
60474-34             CAP,CER,2.2UF,10%25V,SMD                      TEL              776              1     1           776.00
60474-36             CAPCER,2200PF,10%,50V                         TEL             2984          0.094     1           280.50
60474-37             CAPCER,4700PF,10%,50V                         TEL             7873          0.075     1           590.48
60474-37             CAPCER,4700PF,10%,50V                         TEL              274          0.075     1            20.55
60474-41             CAPCER,.33UF,10%,250V,SMD                     TEL             2571         0.3399     1           873.88
60474-45             CAPCER,.22UF,10%,25V,SMD                      TEL            34074         0.0873     1         2,974.66
60474-46             CAPCER,.22UF,10%,250V                         TEL             1263           0.68     1           858.84
60502-02             CAPTANT,10UF,10%,35V,SMD                      TEL            12986          0.196     1         2,545.26
60502-02             CAPTANT,10UF,10%,35V,SMD                      TEL                4          0.196     1             0.78
60502-04             CAPTANT,1UF,10%,35V,SMD-B                     TEL             4883          0.083     1           405.29
60502-05             CAPTANT,22UF,10%,20V,SMD                      TEL             1806           0.17     1           307.02
60502-05             CAPTANT,22UF,10%,20V,SMD                      TEL             1068           0.17     1           181.56
60502-06             CAPTANT,47UF,10%,10V,SMD                      TEL             4858           0.25     1         1,214.50
60502-07             CAPTANT,100UF,I0%,6V,SMD                      TEL             1258         0.4345     1           546.60
60502-08             CAP,TANT,2.2UF,10%,50V                        TEL              390          0.288     1           112.32
60502-09             CAPTANT,6.8UF,10%,20V,SMD                     TEL             2918          0.135     1           393.93

                                                         Page 11 of 27
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
09/26/03             - CORLUND - TUSTIN -
INVDTL11B            INVENTORY VALUATION REPORT

Part Number......    Description.......................           Class       On-Hand...    Unit Cost..  Cost Per   Ext Cost.....

<S>                  <C>                                           <C>            <C>          <C>          <C>     <C>
60502-10             CAPTANT,10UF,10%,16V,SMD                      TEL             6993          0.16       1        1,118.88
60502-11             CAPTANT,6.8UFPIO%,10V,SMD                     TEL            37626         0.085       1        3,198.21
60502-12             CAPTANT,68UF,10%,10V,SMD                      TEL            23929        0.4345       1       10,397.15
60508-54             IC-SMD,32KX8,SRAM,25NS                        TEL             5319          0.75       1        3,989.25
60521-51             IC-SMD,TL082,DUAL,OP-AMP                      TEL             4570         0.133       1          607.81
60529-51             IC-SMD,ANAFEC,CSTM PLCC2S                     TEL              675           9.2       1        6,210.00
60533-02             CONN-MOD-REG TELCO F8***U                     TEL                2          1.98       1            3.96
60533-03             CONN-MOD-REG TELCO 6 P0S                      TEL                2          1.86       1            3.72
60534-16             OSC-REG,18.432MHZ,CMOS                        TEL              746          1.37       1        1,022.02
60534-17             OSC-REG,32.256MHZ,CMOS                        TEL               13          1.15       1           14.95
60534-18             OSC-REG,3.6864MHZ,CMOS                        TEL              550          1.14       1          627.00
60534-19             OSC-REG,38.000S3MHZ,CMOS                      TEL                1        4.3846       1            4.38
60539-51             IC-SMD,LM317L,ADJ,VREG                        TEL              980         0.125       1          122.50
60546-47             DIODE,1N5379B,ZENER,AXL                       TEL             1659          0.29       1          481.11
60547-51             lC-SMD,74AC00,QUAD*NAND                       TEL             2071          0.09       1          186.39
60547-52             IC-SMD,74AC02 QUAD*NOR                        TEL             3092          0.09       1          278.28
60547-53             IC-SMD,74AC04,HEX                             TEL             1606          0.09       1          144.54
60547-54             lC-SMD,74AC08.QUAD*AND                        TEL             1801        0.0895       1          161.19
60547-55             IC-SMD,74AC14,HEX*INV SO                      TEL             5057        0.0904       1          457.15
60549-02             LED,GRN,DFSD,2OMA                             TEL              368          0.32       1          117.76
60549-07             LED,GRN,DFSD,2MA,RGHT-ANG                     TEL              123        0.1545       1           19.00
60555-51             IC-SMD,75451 ,DUAL,DRVR                       TEL              256         0.245       1           62.72
60562-01             CAP,CER,680PF,5%,50V                          TEL              174          0.05       1            8.70
60562-02             CAP,CER,100PF,5%,50V                          TEL             7105        0,0207       1          147.07
60562-02             CAP,CER,100PF,5%,50V                          TEL             2172        0.0207       1           44.96
60562-03             CAPCER,6800PF,5%,50V,SMD                      TEL             3092         0.347       1        1,072.92
60562-04             CAPCER,330PF,5%,50V,SMD                       TEL             3987        0.0259       1          103.26
60562-05             CAPCER,I5OPF,5%,50V,SMD                       TEL             1603         0.018       1           28.85
60562-05             CAPCER,I5OPF,5%,50V,SMD                       TEL              283         0.018       1            5.09
60562-06             CAPCER,220PF,5%,50V,SMD                       TEL           121852        0.0244       1        2,973.19
60562-07             CAPCER,3300PF,5%,50V,SMD                      TEL            15303          0.13       1        1,989.39
60562-08             CAPCER,470PF,5%,100V,SMD                      TEL            44873        0.0661       1        2,966.11
60562-08             CAPCER,470PF,5%,100V,SMD                      TEL              385        0.0661       1           25.45
60562-10             CAP,CER,2200PF,5%,50V                         TEL             1484          0.03       1           44.52
60562-10             CAP,CER,2200PF,5%,50V                         TEL               53          0.03       1            1.59
60562-11             CAPCER,1500PF,5%,50V,SMD                      TEL             5186         0.041       1          212.63
60562-12             CAPCER,1000PF,5%,50V,SMD                      TEL            11311         0.037       1          418.51
60562-14             CAPCER,10PF,5%,50V,SMD                        TEL            61820        0.0285       1        1,761.87
60562-15             CAPCER,15PF,5%,50V,SMD                        TEL             3950        0.0285       1          112.58
60562-16             CAPCER,27PF,5%,50V,SMD                        TEL             7390        0.0206       1          152.23
60562-18             CAP,CER,22PF,5%,50V                           TEL             1716        0.0166       1           28.49
60562-20             CAP,CER,390PF,5%,50V.SMD1                     TEL             3971         0.025       1           99.28
60562-21             CAP,CER,4.7PF,5%,50V                          TEL             4950          0.35       1        1,732.50
60562-22             CAPCER,.033UF,5%,50V,SMD                      TEL             9733          1.09       1       10,608.97
60562-24             CAPCER,.068UF,5%,50V,SMD                      TEL              814          0.87       1          708.18
60562-26             CAP,CER,47PF,5%,50V                           TEL             1405        0.0207       1           29.08
60562-27             CAPCER,5600PF,5%,50V                          TEL             1012           0.4       1          404.80
60562-28             CAPCER,.022UF,5%,50V,SMD                      TEL              279          0.38       1          106.02
60562-29             CAPCER,.01UF,5%,50V,SMD                       TEL              812         0.318       1          258.22
60562-30             CAPCER,820PF,5%,50V,SMD                       TEL             3073         0.045       1          138.29
60562-35             CAPCER,3300PF,5%,50V,SMD                      TEL             1324             0       1               -
60563-51             lC-SMD,74F138,DECOD*DEMUX                     TEL             1040        0.1098       1          114.19
60563-51             lC-SMD,74F138,DECOD*DEMUX                     TEL                5        0.1098       1            0.55
60564-51             DIODE,LL103C,SHTKY,SOD123                     TEL            10275         0.073       1          750.08
60567-01             CAPCER,.1UF+80-20%,50V                        TEL             7748        0.0193       1          149.54
60583-52             IC-SMD,74AC241 ,OCT,3ST,DR                    TEL             3476        0.1567       1          544.69

                                                         Page 12 of 27
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
09/26/03             - CORLUND - TUSTIN -
INVDTL11B            INVENTORY VALUATION REPORT

Part Number......    Description.......................           Class       On-Hand...      Unit Cost..   Cost Per   Ext Cost.....

<S>                  <C>                                           <C>            <C>          <C>             <C>       <C>
60583-53             IC-SMD,74AC244,OCT,3ST,DR                     TEL              2438         0.1579        1           384.96
60586-51             IC-SMD,74AC74,DUAL,D,FF                       TEL              2920         0.0964        1           281.49
60586-54             IC-SMD,74AC273,OCT,D,FF                       TEL              1609         0.1579        1           254.06
60588-53             IC-SMD,74AC20,DUAL*NAND                       TEL               801           0.26        1           208.26
60588-54             IC-SMD,74AC32,QUAD                            TEL              2489            0.1        1           248.90
60589-52             IC-SMD,74ACT139,DECOD                         TEL              2299          0.135        1           310.37
60590-53             IC-SMD,74AC157,QUAD                           TEL              2249         0.1458        1           327.90
60591-53             IC-SMD,74AC257,QUAD,3ST                       TEL              1833         0.1579        1           289.43
60595-53             IC-SMD,74ACT244,OCT,3ST                       TEL               824           0.13        1           107.12
60596-51             IC-SMD 74ACT2450CT 3ST SC                     TEL               850         0.1579        1           134.22
60597-54             IC-SMD,74ACT273,OCT,D,FF                      TEL              3850           0.21        1           808.50
60597-55             IC-SMD,74ACT374,OCT,D,FF                      TEL              2173          0.221        1           480.23
60599-54             IC-SMD,74ACT08,QUAD                           TEL              1089           0,07        1            76.23
60600-53             1C-SMD,74ACT14,HEX*INV                        TEL              2425         0.0976        1           236.68
60600-54             lC-SMD,74ACT32,QUAD*OR                        TEL               197          0.098        1            19.31
60601-51             IC-SMD,74ACT138,DECOD                         TEL              3865         0.1217        1           470.37
60601-52             IC-SMD,74ACT139,DECOD                         TEL              1960            0.1        1           196.00
60602-53             IC-SMD,74ACT157,QLIAD                         TEL               394           0.13        1            51.22
60616-01             IC,74NC85,4BIT*COMPAR,DIP                     TEL                60            0.2        1            12.00
60633-51             IC-SMD,74F126,QUAD                            TEL              6054           0.14        1           647.56
60681-51             IC-SMD,78L05A,FIXED,VR,EG                     TEL              2920          0.148        1           432.16
60682-01             RES,0 OHM,1/2W,5%,SMD                         TEL             48928          0.029        1         1,418.91
60682-02             RES,100 OHM,112W,1%,MTL                       TEL              4098          0.039        1           159.82
60682-02             RES,100 OHM, 1/2W,1%,MTL                      TEL               467          0.039        1            18.21
60682-04             RES,2OKOHM,1/2W11%MTL-FLM                     TEL              3818           0.03        1           114.54
60682-05             RES,30.1K,OHM,1/2w,1%,SMD                     TEL              4569          0.029        1           132.50
60682-09             RES,47.5 OHM,1/2W,1%,MTL                      TEL              3914          0.027        1           105.68
60682-16             RES,3.OIK OHM,1/2W,1%,MTL                     TEL              3476         0.0395        1           137.30
60682-17             RES,15K OHM,1/2W,1%,SMD                       TEL             10421          0.039        1           406.42
60682-29             RES,24.3KOHM,1/2W,1%,2010                     TEL                61              0        1                -
60689-02             RES,1 OHM,118W,1%,SMD12O6                     TEL              7144          0.006        1            42.86
60690-01             RES,10 OHM,1/8W,1%,MTL-FL                     TEL            526068          0.006        1         3,156.41
60690-12             RES,130HM,1/8W,1%,1206                        TEL               152          0.005        1             0.76
60690-32             RES,210HM,1/8W,1%,SMD1206                     TEL              2656          0.005        1            13.28
60690-34             RES,22.1 OHM,1/BW,1%,MTL                      TEL              1564          0.003        1             4.69
60690-51             RES,33.2 OHM,1/8W,1%,MTL                      TEL              8169          0.003        1            24.51
60690-68             RES,49.9 OHM,118W,1%,1206                     TEL             13606         0.0035        1            47.62
60690-78             RES,63.4OHM,1/8W,1%,MTL,S                     TEL              4968          0.004        1            19.87
60690-82             RES,69.8 OHM,118W,1%,MTL                      TEL              4906          0.003        1            14.72
60690-85             RES-75 OHM,1/8W,1 %,MTL-FL                    TEL             11862          0.003        1            35.59
60690-94             RES 93.1 OHM 1/8W 1% MTL-F                    TEL              5235          0.003        1            15.71
60691-09             RES,121 OHM,1/8W,1%,MTL-F                     TEL              5105         0.0035        1            17.87
60691-13             RES,133OHM,1/8W,1%,1206                       TEL              6304          0.003        1            18.91
60691-30             RES,2000HM,1/8W,1%,1206                       TEL              4136         0.0035        1            14.48
60691-32             RES 2IOOHM 1/8W 1% MTL-FL                     TEL              4970          0.003        1            14.91
60691-34             RES,221 OHM,118W,1%,MTL-F                     TEL              8315          0.003        1            24.95
60691-37             RES,237OHM,1/8W,1%,MTL-                       TEL              3928         0.0039        1            15.32
60691-42             RES,267 OHM,1/8W,1%,MTL-F                     TEL              3264         0.0038        1            12.40
60691-43             RES,274 OHM,1/8W,1%,MTL-F                     TEL             17736          0.006        1           106.42
60691-47             RES,301 OHM,1/8W,1%,1206                      TEL              2380          0.003        1             7.14
60691-51             RES,332 OHM,1/8W,1%,MTL-F                     TEL             22677          0.003        1            66.03
60691-57             RES,383 OHM,1/8W,1%,MTL-F                     TEL              6486         0.0035        1            22.70
60691-58             RES,392 OHM,1/8W,1%,MTL-F                     TEL             34079          0.006        1           204.47
60691-62             RES,4320HM,1/8W,1%,1206                       TEL              4887          0.004        1            19.55
60691-64             RES,453 OHM,1/8W,1%,MTL-F                     TEL              7033          0.003        1            21.10
60691-66             RES,475 OHM,1/8W,1%,SMD12O                    TEL            186433          0.006        1         1,118.60

                                                         Page 13 of 27
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
09/26/03             - CORLUND - TUSTIN -
INVDTL11B            INVENTORY VALUATION REPORT

Part Number......    Description.......................           Class      On-Hand...     Unit Cost..  Cost Per   Ext Cost.....

<S>                  <C>                                           <C>          <C>            <C>          <C>        <C>
60691-68             RES,499 OHM,1/8W,1%,MTL-F                     TEL          13373           0.003       1           40.12
60691-68             RES,499 OHM,1/8W,1%,MTL-F                     TEL             82           0.003       1            0.25
60691-71             RES,536OHM,1/8W,1%,SMD120                     TEL           6034           0.006       1           36.20
60691-76             RES,604OHM,1/8W,1%,SMD120                     TEL           5302           0.006       1           31.81
60691-77             RES,619 OHM,1/8W,1%,MTL-F                     TEL          14748           0.003       1           44.24
60691-81             RES,681OHM,1/8W,1%,                           TEL           4894           0.004       1           19.58
60691-85             RES,7500HM,1/8W,1%,SMD120                     TEL           7141           0.003       1           21.42
60691-90             RES,845OHM,118W,1%                            TEL           2254          0.0062       1           13.97
60692-01             RES,1KOHM,1/8W,1%,MTL-F                       TEL          13253           0.003       1           39.76
60692-09             RES,1.21KOHM,1/8W,1%,1206                     TEL          25924           0.003       1           77.77
60692-09             RES,1.21KOHM,118W,1%,1206                     TEL            554           0.003       1            1.66
60692-12             RES,1.3KOHM,1/8W,1%,1206                      TEL           5173           0.003       1           15.52
60692-16             RES,1.43KOHM,1/8W,1%,1206                     TEL          18277           0.006       1          109.66
60692-18             RES,1.5K OHM,1/8W,1%,MTL                      TEL          11470          0.0038       1           43.59
60692-21             RES,1.62K OHM,1/8W,1%,MTL                     TEL           4957           0.003       1           14.87
60692-25             RES,1.78KOHM,1/8W,1%MTL-F                     TEL           9752           0.003       1           29.26
60692-30             RES,2K OHM,1/8W,1 %,MTL-FL                    TEL           4936           0.004       1           19.75
60692-31             RES,2.05KOHM,1/8W,1%,1206                     TEL           5379           0.003       1           16.14
60692-35             RES,2.26K OHM,1/8W,1%,MTL                     TEL          11517           0.004       1           46.07
60692-37             RES,2.37KOHM,1/8W,1%                          TEL           3719           0.004       1           14.88
60692-47             RES,3.01K OHM,1/8W,1%,MTL                     TEL           4927           0.003       1           14.78
60692-47             RES,3.01K OHM,1/8W,1%,MTL                     TEL             13           0.003       1            0.04
60692-54             RES,3.57KOHM,1/8W,1%,1206                     TEL          25832           0.005       1          129.16
60692-56             RES,3.74KOHM,1/8W,1%                          TEL           1582           0.004       1            6.33
60692-57             RES,3.83KOHM11/8W,1%,1206                     TEL          17496           0.006       1          104.98
60692-59             RES,4.02KOHM,1/8W,1%                          TEL           2176           0.004       1            8.70
60692-68             RES,4.99K OHM,1/8W,1%,MTL                     TEL           5529          0.0035       1           19.35
60692-69             RES,5.11KOHM,1/8W,1%,1206                     TEL          12810           0.003       1           38.43
60692-73             RES,5.62KOHM,1/8W,1%,1206                     TEL          16316           0.006       1           97.90
60692-76             RES,6.04KOHM,1/8W,1%,MTL                      TEL           6774           0.003       1           20.32
60692-79             RES,6.49KOHM,1/8W,1%,1206                     TEL           2788           0.003       1            8.36
60692-80             RES,6.65KOHM,118W,1%,1206                     TEL           6799           0.006       1           40.79
60692-83             RES,7.15KOHM,1/8W,1%                          TEL           3782           0.006       1           22.69
60692-84             RES,7.32K OHM,1/8W,1%,MTL                     TEL           7976           0.006       1           47.86
60692-85             RES,7.5KOHM,1/8W,1%,MTL-F                     TEL           4962           0.003       1           14.89
60692-89             RES,8.25KOHM,1/8W,1%                          TEL           2985          0.0041       1           12.24
60692-90             RES,8.45K OHM,1/8W,1%,MTL                     TEL          13998           0.003       1           41.99
60692-92             RES,8.87KOHM,1/8W,1%,1206                     TEL           3739          0.0035       1           13.09
60692-94             RES,9.3IKOHM,1/8W,1%                          TEL           7192           0.003       1           21.58
60693-01             RES,10K OHM,1/8W,1%,MTL-F                     TEL          95295           0.003       1          285.89
60693-05             RES,11KOHM,118W,1%,1206                       TEL          20268           0.005       1          101.34
60693-08             RES,11.8KOHM,1/8W,1%,1206                     TEL            997           0.004       1            3.99
60693-09             RES,12.1K OHM,1/8W,1%,MTL                     TEL           5844           0.004       1           23.38
60693-10             RES,12.4K OHM1I/8W,1%,MTL                     TEL           5344           0.004       1           21.38
60693-15             RES,14K OHM,1/8W,1%,MTL                       TEL           5973           0.006       1           35.64
60693-17             RES,14.7K OHM,1/8W,1%,MTL                     TEL           3755           0.003       1           11.27
60693-19             RES,15.4KOHM,1/8W,1%,1206                     TEL           4210          0.0038       1           16.00
60693-20             RES,15.8K OHM,118W,1%,MTL                     TEL          11869          0.0039       1           46.29
60693-21             RES,16.2K OHM,1/8W,1%,MTL                     TEL           7901           0.004       1           31.60
60693-25             RES,17.8K OHM,1/8W,1%,MTL                     TEL           4005           0.006       1           24.03
60693-28             RES,19.1KOHM,1/8W,1%,MTL                      TEL           7175           0.004       1           28.70
60693-33             RES,21.5K OHM,1/8W,1%,MTL                     TEL           7975           0.003       1           23.93
60693-34             RES,22.1KOHM,1/8W,1%,MTL-                     TEL           4963           0.003       1           14.89
60693-35             RES,22.6KOHM,1/8W,1%                          TEL          12297           0.004       1           49.19
60693-36             RES,23.2K OHM,l/8W,1%,MTL                     TEL          15895          0.0034       1           54.04
60693-38             RES,24.3KOHM,1/8W,1%,MTL                      TEL          10421          0.0035       1           36.47

                                                         Page 14 of 27
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
09/26/03            - CORLUND - TUSTIN -
INVDTL11B           INVENTORY VALUATION REPORT

Part Number......    Description.......................           Class     On-Hand...    Unit Cost..   Cost Per   Ext Cost.....

<S>                 <C>                                           <C>          <C>           <C>           <C>     <C>
60693-43            RES,27.4KOHM,1/8W,1%,1206                     TEL          12690         0.0035        1          44.42
60693-46            RES,29.4KOHM,1/8W,1%,1206                     TEL           4269         0.0035        1          14.94
60693-47            RES,30.1K OHM,1/8W,1%,MTL                     TEL           4418         0.0035        1          15.46
60693-49            RES,31.6KOHM,1/8W,1%,1206                     TEL           6402         0.0035        1          22.41
60693-51            RES,33.2KOHM,1/8W,1%,MTL                      TEL           7442          0.006        1          44.65
60693-55            RES,36.5K OHM,I/8W,I%,MTL                     TEL           6378          0.004        1          25.51
60693-56            RES,37.4KOHM,1/8W,I%,1206                     TEL          17440         0.0039        1          68.02
60693-59            RES,40.2KOHM,1/8W,1%,1206                     TEL           7628          0.003        1          22.88
60693-62            RES,43.2KOHM,1/8W,1%,1206                     TEL           8900         0.0035        1          31.15
60693-68            RES,49.9KOHM,1/8W,1%,MTL                      TEL           3910          0.003        1          11.73
60693-73            RES,56.2KOHM,1/8W,1%,1206                     TEL           6570          0.004        1          26.28
60693-78            RES,63.4K OHM,1/8W,1%,MTL                     TEL           5612          0.003        1          16.84
60693-80            RES,66.5KOHM,1/8W,1%,1206                     TEL           8946          0.003        1          26.84
60693-81            RES,68.1KOHM,1/8W,1%,1206                     TEL           8168          0.003        1          24.50
60693-88            RES,80.6KOHM,1/8W,1%                          TEL           1732          0.004        1           6.93
60693-91            RES,86.6KOHM,1/8W,1%                          TEL           1796           0.01        1          17.96
60694-01            RES,100K OHM,1/8W,1%,1206                     TEL          13707         0.0035        1          47.97
60694-05            RES,110KOHM,1/8W,1%,MTL-F                     TEL           4927          0.003        1          14.78
60694-05            RES,110KOHM,1/8W,1%,MTL-F                     TEL             23          0.003        1           0.07
60694-09            RES,121KOHM,1/8W,1%                           TEL           7950          0.006        1          47.70
60694-19            RES,154KOHM,1/8W,1%,1206                      TEL           4817          0.003        1          14.45
60694-30            RES-200K OHM,1/8W.1 %,1206                    TEL           9078         0.0035        1          31.77
60694-34            RES,221 KOHM,1/8W,1%                          TEL           3882          0.006        1          23.29
60694-47            RES,301KOHM,1/8W,1%                           TEL           8299          0.006        1          49.79
60694-66            RES,475KOHM,1/8W,1%                           TEL           8179          0.006        1          49.07
60694-82            RES,698K OHM,1/8W,1%,1 206                    TEL          16653         0.0038        1          63.28
60695-01            RES,1MOHM,1/8W,1%                             TEL           3008         0.0041        1          12.33
60695-25            RES,1.78MOHM,1/8W,1%,MTL-                     TEL           4968          0.003        1          14.90
60695-97            RES,10MOHM,1/8W,1%,1206                       TEL          15953          0.006        1          95.72
60697-04            CONN-PF-REG,EDGE,F240                         TEL             26           9.52        1         247.52
60697-07            CONN,EDGE,56P0S,F,STR*U                       TEL            182           0.88        1         160.16
60697-09            CONN-PF-REG,EDGE,F112*STR                     TEL           1081           7.35        1       7,945.35
60697-15            CONN-PF-REG,EDGE,F112*                        TEL              4            8.7        1          34.80
60703-02            CONN-MICRO-REG,D-SUB,F26                      TEL              2           2.31        1           4.62
60703-04            CONN-MICRO-REG,D-SUB,F26                      TEL              8           1.42        1          11.36
60706-51            IC-SMD,MC3302,QUAD,COMPAR                     TEL           1998           0.19        1         379.62
60711-01            RES,80.6OHM,1W,1%,SMIJ25I2                    TEL          11549          0.052        1         600.55
60711-02            RES,121OHM,1W,1%MTL-FLM                       TEL           1426           0.08        1         114.08
60711-03            RES,100 OHM,1W,1%,MTL-FLM                     TEL           4486          0.052        1         233.27
60711-05            RES.1.21KOHM,1W,1%                            TEL           1780          0.065        1         115.70
60711-12            RES 249OHM 1W 1% MTL-FLM                      TEL           3909          0.039        1         152.45
60711-13            RES,221 OHM,1W,1%, SMD2512                    TEL          85031          0.052        1       4,421.61
60711-13            RES,221 OHM,1W,1%,SMD2512                     TEL            514          0.052        1          26.73
60711-31            RES,1K OHM,1W,1%,MTL-FLM                      TEL           5233          0.055        1         287.82
60711-35            RES,1 OHM,1W,1%,MTL-FLM                       TEL           4591          0.048        1         220.37
60713-51            IC-SMD,74ALS74,DUAL,D,FF                      TEL           2741           1.57        1       4,303.37
60717-51            FERRITE-REG BEAD***SMD*                       TEL           2357           0.06        1         141.42
60723-54            IC-SMD,68302,STD-LSI                          TEL           1021          12.05        1      12,303.05
60724-52            IC-SMD,68HC000,STD-LSl                        TEL             13              0        1              -
60726-52            IC-SMD,DIC2-ASIC,CUSTOM                       TEL              3           4.65        1          13.95
60735-01            CONN-DBLR-REG,HDR,M16*STR                     TEL            308         0.3739        1         115.16
60737-51            CHOKE-REG,PWR*1.5A,100UH                      TEL             60              2        1         120.00
60737-59            CHOKE,PWR,*2.5A,8.7UH,SMD                     TEL            458           0.94        1         430.52
60737-61            CHOKE,PWR,* 1.35A,50UH                        TEL            408           1.62        1         660.96
60738-01            FUSE-SMD-REG,1A,125V,FAST                     TEL          22025           0.62        1      13,655.50
60738-14            FUSE-SMD,5.0A,125V,NORM-B                     TEL           3486           0.46        1       1,603.56

                                                         Page 15 of 27
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
09/26/03             - CORLUND - TUSTIN -
INVDTL11B            INVENTORY VALUATION REPORT

Part Number......    Description.......................           Class     On-Hand...      Unit Cost..   Cost Per   Ext Cost.....

<S>                  <C>                                           <C>          <C>            <C>           <C>      <C>
60755-51             CHOKE-REG,SIG*.23A,1UH                        TEL            1030         0.0715         1          73.65
60756-51             OPTO-ISO-REG,4N36,BIPLR                       TEL             325            0.2         1          65.00
60757-01             RES,.13OHM,1W,1%,WW,SMD                       TEL             987            0.6         1         592.20
60757-04             RES,.56OHM,2W,1%,WW,SMD                       TEL             274           0.69         1         189.06
60776-01             CONN-REG,EDGE,F14*RGHT*U                      TEL            5129          0.105         1         538.55
60776-03             CONN-REG,EDGE,F26*RIGHT                       TEL            9583           0.47         1       4,504.01
60803-51             DIODE,MURD62O,RECTFR                          TEL             659          0.213         1         140.37
60808-02             CONN-REG,DIN,F8*RGHT,U                        TEL            2688            0.5         1       1,344.00
60808-10             CONN-REG,DIN,F8*STR,SHLD                      TEL             169           0.91         1         153.79
60822-05             DISPLAY, ASSY,1X16*A/N DOT                    TEL             140           2836         1       3,970.40
60823-51             OPTO-ISO-REG,LDA111ES                         TEL            1544           0.59         1         910.96
60831-01             FERRlTE-REG,CORE***STD-MN                     TEL             603           1.28         1         771.84
60531-02             FERRITE,CORE***STD-MNT*                       TEL             789         0.6185         1         488.00
60555-04             CONN-REG,PWR,F48*RGHT*UIW                     TEL             100            4.5         1         450.00
60855-06             CONN-REG,PWR,F26*RGHT--U                      TEL             191           2.09         1         399.19
60866-52             XSTR-SMD,NPDS5566,JFET                        TEL              50           1.33         1          66.50
60871-01             IC,74HC73,DUAL,JK,FF,DIP1                     TEL              16           0.18         1           2.88
60879-51             IC-SMD,75C188,QUAD-LINE                       TEL           12803            0.4         1       5,121.20
60892-01             FERRITE-REG-BEAD***PC-MNT                     TEL            1319          0.049         1          64.63
60897-02             AP,RIVET,1/8X.283,TUBE,FL                     TEL             522           0.07         1          36.54
60903-51             lC-SMD,74F148,PRlOR*ENCDR                     TEL            2123           0.25         1         530.75
60937-52             IC-SMD,128KX8,SRAM,70NS                       TEL             659           1.25         1         823.75
60950-01             CONN-JACK TELCO 6POS RGHT                     TEL               4         0.9476         1           3.79
60950-05             CONN-JACK,TELCO,8POS,F,RG                     TEL               1         3.3475         1           3.35
60956-51             IC-SMD,256KX8,FLASH,150NS                     TEL               6         4.8531         1          29.12
60960-01             CONN-SGLR-REG,PWR,F6*RGHT                     TEL              52          0.001         1           0.05
60963-01             OSC-REG,3.68/18.432MHZ,CM                     TEL             215              3         1         645.00
60965-01             CONN-SGLR-REG,HDR,F5*STR*                     TEL            5430         0.0906         1         491.96
60969-01             FILTER-LINE-REG,EMI,10A                       TEL              84           6.81         1         572.04
60971-01             CQNN-SEL-LD-REG,EDGE,F45                      TEL             167           4.38         1         731.46
60995-01             IC,1030,QUAD,LINE-DRVR,DI                     TEL              36           0.55         1          19.80
60995-51             IC-SMD,1030,QUAD,LINE-                        TEL            1814           0.91         1       1,650.74
61000-51             IC-SMD,74HCT112,DUAL,JK                       TEL            3584           0.21         1         752.64
61018-53             RA,lC-SMD,LM337L,ADJ,VREG                     TEL             787          0.373         1         293.55
610201920401         CBL,RJ5S,8P-8P-6W,6FT@@                       TEL             153           1.98         1         302.94
610202020401         CBL,RJ11C,6P-8P-2W,6FT@@                      TEL            2061            1.8         1       3,709.80
610205690200         CBL,RJ45S/RJ41S 8P-4L8FT@                     TEL             269            1.6         1         430.40
610205750200         CBL DDS-8P-RJ48@                              TEL            1656            1.5         1       2,484.00
6102082800000        CABLE ASSY,20PIN-20PIN                        TEL              70              0         1              -
6104045200010        CBL-ASSY,20P-20P,LCD@                         TEL            6710            0.8         1       5,368.00
610405490101         ADAPTER,MALE-D25,TO,8P@                       TEL              72           5.85         1         421.20
610406860001         CABLE,ASSY,8PFT100N,WK@                       TEL             207           1.89         1         391.23
61043-02             OSC-REG,16.OMHZ,TTL,55/45                     TEL              26         1.6184         1          42.08
61056-01             OSC-REG,3.68MHZ,CMOS,40/6                     TEL              25           1.19         1          29.75
61087-51             RELAY-SMD,SS,2FORM-A                          TEL              89            2.4         1         213.60
61096-01             FASTENER***PRESSPKJ                           TEL            9202           0.03         1         276.06
61172-51             IC-SMD,74ACTQ244,OCT,35T                      TEL            1419          0.741         1       1,051.48
61175-51             DIODE-SMD,7005,TUN,SOT-                       TEL              10            211         1          27.10
61188-02             CONN-REG,BTMEN,F12*STR*U                      TEL             103          4.789         1         493.27
61195-51             IC-SMD,34063A,ADJ,SW-REG                      TEL             889           0.28         1         248.92
61207-51             XSTR-SMD,MJ41C,BIPLR                          TEL            1110           0.27         1         299.70
61211-01             AP,FASTENER,RIV-SCREW                         TEL             170           0.26         1          44.20
61212-53             CHOKE-REG,GENL*.17A,220UH                     TEL             627          0.335         1         210.05
61228-02             RELAY-REG,REED,.0I5ADC,SL                     TEL               2            0.6         1           1.20
61231-01             RES,00HM,1/10W,5%,MTL-FLM                     TEL          244062          0.004         1         976.25
61232-66             RES,47.5OHM,1/10W,1%,0805                     TEL            6440          0.004         1          25.76

                                                         Page 16 of 27
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
09/26/03             - CORLUND - TUSTIN -
INVDTL11B            INVENTORY VALUATION REPORT

Part Number......    Description.......................           Class     On-Hand...      Unit Cost..   Cost Per   Ext Cost.....

<S>                  <C>                                           <C>          <C>            <C>           <C>      <C>
61232-81             RES,68.10HM,1/10W,1%,0805                     TEL          31695            0.005       1          158.48
61233-01             RES,1000HM,1/10W,1%,0805                      TEL         331956            0.005       1        1,659.78
61233-30             RES,2000HM,1/10W,1%                           TEL          12804           0.0044       1           56.34
61233-38             RES,2430HM,1/10W,1%                           TEL           5185            0.003       1           15.56
61233-51             RES,332OHM,1/10W,1%,0805                      TEL          19465            0.005       1           97.33
61233-54             RES,357OHM,1/10W,1%,MTL-                      TEL           3730            0.005       1           18.65
61233-57             RES,383OHM,1/10W,1%,0805                      TEL          14095            0.005       1           70.48
61233-66             RES,475OHM,1/10W,1%                           TEL           4813           0.0024       1           11.55
61234-01             RES,1KOHM,1/10W,1%,0805                       TEL          49096            0.005       1          245.48
61234-31             RES,2.05KOHM,1/10W,1%                         TEL          50959            0.005       1          254.80
61234-68             RES,4.99KOHM,1/10W,1%                         TEL         107757            0.005       1          538.79
61234-85             RES,7.15KOHM,1/10W,1%                         TEL           5501            0.003       1           16.50
61235-01             RES,10KOHM,1/10W,l%,0805                      TEL          10011           0.0039       1           39.04
61235-13             RES,13.3KOHM,1/10W,1%                         TEL           8236            0.003       1           24.71
61235-34             RES,22.1KOHM,1/10W,1%                         TEL         138235            0.005       1          691.18
61235-39             RES,24.9KOHM,1/10W,1%                         TEL           1842            0.057       1          104.99
61235-43             RES,27.4KOHM,1/10W,1%                         TEL          88336            0.005       1          441.68
61235-47             RES,30.1KOHM,1/1OW,1%                         TEL          74353            0.005       1          371.77
61235-51             RES,33.2KOHM,1/10W,1%                         TEL          34034            0.005       1          170.17
61235-66             RES,47.5KOHM,1/10W,1%                         TEL          11510            0.005       1           57.55
61236-01             RES,100KOHM,1/10W,1%,0805                     TEL           2802            0.003       1            8.41
61236-30             RES,200KOHM,1/10W,1%,0805                     TEL          65341            0.005       1          326.71
61236-82             RES,698KOHM,1/10W,1%,0805                     TEL          26885            0.005       1          134.43
61238-37             CAPCER,1000PF,5%,50V,SMD                      TEL          10186            0.013       1          132.42
61238-43             CAPCER,3300PF,10%,50V                         TEL          25437           0.0333       1          847.05
61238-44             CAPCER,3900PF,10%,50V                         TEL           2986            0.011       1           32.85
61238-49             CAPCER,.01UF,10%,50V,SMD                      TEL           2792           0.0137       1           38.25
61238-53             CAPCER,.022UF,10%,50V                         TEL          22276           0.0373       1          830.89
61238-54             CAPCER,.027UF,10%,50V                         TEL           6168           0.0123       1           75.87
61238-57             CAPCER,.047UF,10%,50V                         TEL            994           0.0188       1           18.69
61238-61             CAPCER,.1UF,+80-20%,50V                       TEL          75306             0.01       1          753.06
61349-51             IC-SMD,RC144,STD-LSI,SGL/                     TEL              1                0       1               -
61376-51             IC-SMD,74ACT125,QUAD,3ST,                     TEL           2275             0.12       1          273.00
61379-01             STDOFF,HEX,*3/16X.187,STL                     TEL            450             0.28       1          126.00
61387-01             XFMR-REG,LINE**60HZ,STD-                      TEL              1            13.25       1           13.25
61478-01             P/S-REG,SW,UNV-INT,9W                         TEL            568               35       1       19,880.00
61562-58             DIODE-SMD,P3100SB,SUPR                        TEL            272            0.457       1          124.30
61566-01             CONN-JACK-REG,PWR,M1*RGHT                     TEL           4540             0.15       1          681.00
61604-01             DISPOSABLE-ANTISTATIC-WR1                     TEL            823                0       1               -
61616-51             IC-SMD,74ACTQ245,OCT,3 ST                     TEL           6904             0.77       1        5,316.08
61635-01             EEPROM-EXTRACTOR-8-24-PIN                     TEL             72                0       1               -
61663-52             CHOKE,COM-MODE**47UH,SMD*                     TEL           1864           1.6583       1        3,091.07
61681-52             IC-SMD,8KX1,SER-EEPROM                        TEL           2091             0.27       1          564.57
61683-57             OSC-REG,40.00MHZ,CMOS*                        TEL            847             1.45       1        1,226.15
61693-51             RELAY-SMD,SS,1FORM-C,5VDC                     TEL            375             2.03       1          761.25
61742-02             LED,YEL,NON-DFSD,10MA                         TEL          21605             0.23       1        4,969.15
61742-03             LED,RED,NON-DFSD,10MA                         TEL          13482             0.22       1        2,966.04
61760-51             IC-SMD,74ABT244,OCT,3S,T,                     TEL            381             0.36       1          137.16
61763-01             ASY-REG,AUD,7FT,CUST,MOD6                     TEL              1             4.15       1            4.15
61763-02             ASY-REC,AUD,7FT,CUST,MOD6                     TEL              3              2.4       1            7.20
61782-54             CRYSTAL-REG,18.432MHZ**                       TEL           3024             0.29       1          876.96
61783-88             DIODE-SMD,110V,ZENER,SMB                      TEL           1045           0.1177       1          123.00
61805-01             ASY-REG,AUD,8FT,CUST*FKS8                     TEL              9           9.7267       1           87.54
61806-01             ASY-REG,AUD,8FT,CUST                          TEL             78             4.97       1          387.66
61810-01             ASY-REG,AUD,6FT,CUST,ADOS                     TEL             38             8.74       1          332.12
61811-01             ASY-REG,AUD,8FT,CUST,ADO                      TEL              9          13.6375       1          122.74

                                                         Page 17 of 27
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
09/26/03             - CORLUND - TUSTIN -
INVDTL11B            INVENTORY VALUATION REPORT

Part Number......    Description.......................           Class     On-Hand...    Unit Cost..   Cost Per    Ext Cost.....

<S>                  <C>                                           <C>          <C>           <C>           <C>      <C>
61816-02             CAPELECT,330UF,20%,16V                        TEL           1191          0.162        1            192.94
61821-01             XFMR-REG PWR*8A 7.2VA STD                     TEL            225            3.5        1            787.50
61822-01             XFMR-REG PWR*.8A,7.2VA                        TEL            128           3.22        1            412.16
61823-01             XFMR-REG PWR*.8A,7.2VA                        TEL            122           6.23        1            760.06
61834-51             IC-SMD,16345,STD-LSI                          TEL            287             23        1          6,601.00
61835-51             IC-SMD,VALV34,STD-LSI                         TEL            568              7        1          3,976.00
61838-01             SWITCH,TGL,SPDT,PC-MNT,RT                     TEL            326           1.55        1            505.30
61847-51             SWITCH,P/B,SPST,PC-MNT,RT                     TEL          20649           0.13        1          2,710.37
61858-01             ASY-REG,PWR,4IN,SIT,STRIP                     TEL           1147            0.6        1            688.20
61903-51             OSC-REG,44.2368MHZ,CMO,S                      TEL            346           1.35        1            467.10
61919-51             IC-SMD,LT1376,P/S,SW-REG                      TEL           1641           3.25        1          5,333.25
61925-01             CBL-ASSY-REG,AUD,10',MOD4                     TEL             76           2.62        1            199.12
61927-01             CBL-ASSY-REG AUD,10FT MOD                     TEL             11            5.9        1             64.90
61928-51             CONN-REG,DIN,F8*RGHT SHLD                     TEL            700           0.57        1            399.00
61933-01             SCW,SEMS,PNH,STL,3MMX6MM                      TEL          20141           0.05        1          1,007.05
61934-51             FERRITE BEAD***SMD*PKH                        TEL           1870           0.23        1            430.10
61940-51             IC-SMD,1489,RS-232,LINE-R                     TEL           4806           1.38        1          6,632.28
61948-51             CHOKE,SIG*.085A,1000UH                        TEL            490          0.275        1            134.75
61963-51             DIODE-SMD,5001,SIG,SOT23                      TEL           6509           0.12        1            781.08
61967-51             CHOKE,SIG*.033A,5600UH                        TEL            385          0.335        1            128.98
61979-51             DIODE-SMD,MBRS1100T3,100V                     TEL           1914         0.0952        1            182.21
62006-01             SPEAKER-PC-MNT-IR-. 15W                       TEL           2627           0.56        1          1,523.66
62015-15             ASY-REG AUD 6FT**S/T*                         TEL            242           5.16        1          1,248.72
62015-16             ASY-REG AUD 6FT**S/T*                         TEL            290           7,54        1          2,186.60
62015-17             ASY-REG AUD 6FT**S/T*                         TEL            134            8.6        1          1,152.40
62033-01             XFMR-REG,AUD*600 OHM,PC                       TEL            515            1.5        1            772.50
62054-01             COMN-MOD-REG TELCO****                        TEL             17           3.43        1             58.31
62054-02             CONN-MOD-REG,TELCO***,PKJ                     TEL              1           6.34        1              6.34
62054-03             CONN-MOD-REG TELCO****                        TEL             28           1.49        1             41.72
62054-04             CONN-MOD-REG TELCO****                        TEL             98         1.4688        1            143.94
62054-05             CONN-MOD-REG,TELCO****                        TEL            149           1.99        1            296.51
62054-06             CONN-MOD-REG,TELCO****                        TEL             19           2.96        1             56.24
62133-41             CAP.CER,6800PF,5%,50V,SMD                     TEL           3949           0.01        1             39.49
62138-13             CAPTANT,4.7UF,10%,10V                         TEL           4701         0.1553        1            730.07
62138-57             CAPTANT,10UF,10%,16V                          TEL          14606         0.1727        1          2,522.46
62409-01             LABEL-REG*SLOVAKREP-FASTR                     TEL            700           0.21        1            147.00
62440-01             LABEL-REG*CLEI-DDS2N71HAA                     TEL           1976          0.094        1            185.74
62440-16             LABEL-REGtCLEI-DDS1K2S2AA                     TEL           1835           0.24        1            440.40
62440-18             LABEL-REG*CLEl-DSSUC5C3AA                     TEL            107           0.21        1             22.47
62440-19             LABEL-REG*CLEI-DSSUC5D311                     TEL            660           0.21        1            138.60
62453-52             IC-SMD,LT1129-5,FIXED,VRE                     TEL             80            2.5        1            200.00
62458-01             SOCKET-REG,DIP 22                             TEL            532          0.987        1            525.08
62459-01             CONN-SGLR-REG,HDR,M/M1                        TEL           1037           0.45        1            466.65
62551-51             DIODE-SMD,MMSZ5243,13V,ZN                     TEL           2226          0.024        1             53.42
62764-01             HIGH,PERF,ADHESIVE (HVL)                      TEL            347           3.83        1          1,329.01
62798-01             SCREW,2:56,FLTHD,MAC,NYLO                     TEL           2227          0.019        1             42.31
62799-01             SCREW,2:56,MACH,NUT,NYLON                     TEL          23611          0.018        1            425.00
62878-01             RES,0.47 OHM,1W,1%,MTL-FL                     TEL          15480          0.225        1          3,463.00
62887-01             LCD,MOD,16 CH X 2 LINES                       TEL           4361          23.37        1        101,916.57
62887-02             LCD MODULE                                    TEL            477          23.37        1         11,147.49
64690G02             REAR,PANEL,ASSY,V3600                         TEL             21              0        1                 -
6496504803014        FT,100,INSTALL,&,OPS,MNL                      TEL              8              0        1                 -
650018071101         BA5E***BASE-MB-BEIGE                          TEL            866            3.1        1          2,684.60
650018071203         BASE***BASE-MB-BEIGE-SHLD                     TEL            147           6.62        1            973.14
650018370601         COVER***CVR.MB-BEIGE                          TEL            532           2.59        1          1,377.88
650025100901         BEZEL-REG*FRONT*BEZEL-MB-                     TEL           1096           1.79        1          1,965.42

                                                         Page 18 of 27
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
09/26/03              - CORLUND - TUSTIN -
INVDTL11B             INVENTORY VALUATION REPORT

Part Number......     Description.......................        Class     On-Hand...   Unit Cost..    Cost Per   Ext Cost.....

<S>                   <C>                                        <C>          <C>          <C>            <C>     <C>
650035410201          INSERT-REG*FRONT*ISRT-F                    TEL              6            0.84       1            5.04
650036520301          BEZEL-REG***BEZEL-CVR-ART                  TEL             12             0.8       1            9.60
650036830101          BEZEL-REG***BEZEL-CVR-                     TEL            213             0.8       1          170.40
650037690101          MALE,D25,TO,V.35,ADAPT,ER                  TEL              4             6.9       1           27.60
650037970201          INSERT-REG*FRONT*lSRT-F                    TEL             15            1.65       1           24.75
6500380100010         REAR-PNL-RM16M-FT100*                      TEL             74           48.39       1        3,580.86
6500380300010         BKT-RESR-FT100S-SUB-ASSY                   TEL              4            23.6       1           94.40
650041380802          BASE,DESKTOP,NT1D                          TEL             14            1.54       1           21.56
6500415600010         R/PNL-SUB-ASSY-48-VAC-DOM                  TEL            159           33.08       1        5,259.72
6500427000010         COVER/LP,ASSY,NT1D                         TEL            119            3.86       1          459.34
6500433000010         R/PNL-ASSY-FT100S-230V*                    TEL             70         42.7108       1        2,989.76
65253-07              FASTRVU,SW,LIC,ENV,CD-ROM                  TEL            202               0       1               -
65263-02              PNL-REG*FRT,NMTLZ,BATMAN                   TEL            116            1.93       1          223.88
65370G28              PBA,6500,PLUS,CPU,6500,CP                  TEL              1        221.8047       1          221.80
65485-01              **SHEET DIE CUT 200C                       TEL             50            0.14       1            7.00
65513-03              PANEL-REAR-6PORT-2185                      TEL            107              34       1        3,638.00
65515-01              PWB-FAB-REG,6PORT-BKPL                     TEL              2              20       1           40.00
65618-01              **SCORED-SHEET-MINI-BOX                    TEL             99            2.61       1          258.39
65620-01              TAPE,3-IN-X-1000-YDS-CLR                   TEL              2           54.25       1          108.50
65622-01              AA,PRINTED-TAPE#150-CP-1O                  TEL            720            2.88       1        2,073.60
70221G01              PROG,MARKING,SPEC,GAL1                     TEL            147            0.73       1          107.31
70222G01              PROG,MARKING,SPEC,GAL2                     TEL             56            0.73       1           40.88
70311G01              ASY-REG,AUD,7FT,CUST,TAES                  TEL             29         23.3393       1          676.84
70339-01              CLIP-LCD-RETAINER,PKJ                      TEL           2031            0.48       1          974.88
70371G56              ENCL,KIT,NMTLZ,3460                        TEL              7        120.7756       1          645.43
70568-01              PWB-FAB-REG,DC21-PWRBK,IP                  TEL             11           52.22       1          574.42
70648-02              PWB-FAB-REG,ENH-BASE,1PNL                  TEL              1          7.1369       1            7.14
70757-02              70757-02-REAR-PAN EL-OU                    TEL            320            1.23       1          393.60
70758-01              PANEL-REAR-NEST-W/SLR,PKJ                  TEL            127            1.36       1          172.72
70759-01              PNL-REAR-SUB-1CH-W/SLR                     TEL             52            4.22       1          219.44
70761-01              PNL-REAR-SUB-4CH-W/SLR -                   TEL             21          1.8848       1           39.58
71078-01              PWB-FAB-REG,9CRD-UK,1PNL                   TEL              1           35.85       1           35.85
71079-01              BKPLN-MTG-PNL-LOCKING,PKJ                  TEL              1          34.402       1           34.40
71083-01              PWB-FAB-REG,9CRD-UKj PNL                   TEL              6              43       1          258.00
71088-01              BKPLN-MTG-PNL-LOCKING,PKJ                  TEL            190           87.02       1       16,533.80
71169G54              PWA,V.34/SDC/V35,INT,NMS                   TEL              8        121.3525       1          970.82
71234G01              3512,W/SLR,AND,MUX-1                       TEL             50            2.45       1          122.50
71234G02              3512,W/SLR,AND,MUX-1,PROM                  TEL             31            2.45       1           75.95
71291G91              PWA,V.34/SDC/V.35 SLR.DOM                  TEL              4        197.8056       1          791.22
71304-01              54-PRT-REAR-PANEL-65XX                     TEL              1            47.5       1           47.50
71584-01              LABEL*32XX-I/O PKJ                         TEL            167            0.75       1          140.25
71635G04              PWA,DIAL,DAA,U.l.                          TEL              6          37.729       1          226.37
71635G05              PWA,DIAL,DAA,UK                            TEL             12         39.9071       1          478.89
71635G09              PWA,DIAL,DAA,NETHERLANDS                   TEL              4          39.181       1          156.72
71635G13              PWA,DIAL,DAA,SPAIN                         TEL              1          36.416       1           38.42
71635G34              PWA,SLR,DAA,U.I.                           TEL             20         45.6941       1          913.88
71635G39              PWA,SLR,DAA,NETHERLANDS                    TEL              3         47.1461       1          141.44
71635G41              PWA,SLR,DAA,ITALY                          TEL             10         51.2333       1          512.33
71635G43              PWA,SLR,DAA,SPAIN                          TEL              6         46.3811       1          278.29
71635G44              PWA,SLR,DAA,IRELAND                        TEL              4         48.7971       1          195.19
71635G45              PWA,SLR,DAA,DENMARK                        TEL              7         47.3981       1          331.79
71635G47              PWA,SLR,DAA,PORTUGAL                       TEL              8         45.7081       1          365.66
71635G48              PWA,SLR,DAA,SWISS                          TEL              3         45.2465       1          135.74
71635G49              PWA,SLR,DAA,NORWAY                         TEL             10         46.4221       1          464.22
71635G53              PWA,SLR,DAA,FINLAND                        TEL              9         45.6821       1          411.14
71721G23              PWA,V.34/SDC/232,SLR,IRE                   TEL              5        203.1574       1        1,015.79

                                                         Page 19 of 27
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
09/26/03              - CORLUND - TUSTIN -
INVDTL11B             INVENTORY VALUATION REPORT

Part Number......     Description.......................        Class     On-Hand...   Unit Cost..    Cost Per    Ext Cost.....

<S>                   <C>                                        <C>         <C>         <C>              <C>      <C>
71729-13              LABEL-REG*NML-3266-FAST-M                  TEL            54           1.21         1           65.34
71750-01              M,CHP-BRD-PAD                              TEL          2000         0.0375         1           75.00
71860G77              PWA,V34/FAST/232,DD,FRANC                  TEL             6       282.1273         1        1,692.76
71975-01              LABEL*NM-CONN-REMOVABLE                    TEL          2875          0.067         1          192.63
722000010000          CBL,TIE,WRAP                               TEL           873           0.01         1            8.73
722800410000          CAP,ELECT,1000UF,20%,35V                   TEL          4251           0.21         1          892.71
72280041000T          CAPELEC,1000M,35V,20%,AMP                  TEL           833           0.21         1          174.93
722800420000          CAP,ELECT,2200UF,20%,16V,                  TEL           365           0.28         1          102.20
722800640000          CAP,ELECT,220UF,20%,63V,R                  TEL            76           0.26         1           19.76
722800760000          CAP,ELE,1000M,63V,20%,A                    TEL           862              0         1               -
72280100000T          CAP,ELECT,12OUF,20%,16V,                   TEL           957         0.0738         1           70.63
72438-01              LABEL-REG*CE-MARK,PKJ                      TEL          3517           0.08         1          281.36
72615G01              V.34/BIS,SW,12ONS,PRGMD                    TEL          1422            1.7         1        2,417.40
72615G02              V.34/BIS,SW,12ONS,PRGMD                    TEL          2025            1.7         1        3,442.50
72616G01              326X,V.34/BIS,SW,70NS,PGM                  TEL          1670           1.48         1        2,471.60
72616G02              326X,V.34/BIS,SW,70NS                      TEL           376           3.92         1        1,473.92
727002320000          CONN-JACK-REG,TELCO,F8*                    TEL           445          0.298         1          132.61
727400290000          CONN-DBLR-REG,RECT,F28*PC                  TEL           136          0.556         1           76.73
727400420000          CONN-DBLR-REG,HDR,M26*STR                  TEL            37          0.411         1           15.21
727400430000          CONN-DBLR-REG*F26*PC*                      TEL           420         0.6546         1          274.93
727500010000          CONN,26P,HDR,D/R,POST,@                    TEL          1212           0.25         1          303.00
727500080000          CONN,20P,HDR,D/R,@                         TEL           218           0.17         1           37.06
72755G03              PWA,GALI,TBR21,S/A                         TEL            40       104.6474         1        4,185.90
72755G21              PWA,GALI,SO.GALI,SO.AFRIC                  TEL             9       104.7763         1          942.99
728000390003          CONN-SGLR-REG,HDR,M3,STR                   TEL           168           0.05         1            8.40
728000860000          CONN-SGLR-REG,HDR,M8,STR                   TEL            54         0.0343         1            1.85
728000940000          CONN-REG,PWR,F1*STR*                       TEL           121         0.0329         1            3.98
728000960000          TERM-NON-INS-REG,CRMP,PLG                  TEL          6006          0.013         1           78.08
728001000000          CONN-SGLR-REG,HDR,M6*RGHT                  TEL           243          0.092         1           22.36
72800100000R          CONN,6P HDR,#6373 LOCKING                  TEL           917          0.125         1          114.63
728001560000          CONN,3P,HDR,S/R.1CT,BU,LK                  TEL           221         0.0263         1            5.81
72813G03              GALI,TBR21,NEST,CARD                       TEL            20       185.9541         1        3,719.08
72851-01              REAR-PANEL-GALILEO PKJ                     TEL           297           3.16         1          938.52
72851-03              PANEL,SLR-REAR*                            TEL           161         1.0195         1          164.14
729000030000          CONN,SHRTNG,REC.100C                       TEL           650          0.044         1           28.60
72908-01              CARD-RAIL-NEST-3460                        TEL            78            4.8         1          374.40
72909-01              EJECTOR-TOP-NEST-3460                      TEL          6195           0.58         1        3,593.10
72909-02              EJECTOR-BOTTOM-NEST-34*                    TEL          3020           0.58         1        1,751.60
730200850000          XTL,I5.36M,25PF,SR20,H                     TEL           724           0.64         1          463.36
730208000000          XTAL-REG.6.176MHZ,18PF*20                  TEL           411           0.33         1          135.63
730302000000          OSC-REG,I4.7456MHZ,DIP4                    TEL           163          2.369         1          386.15
730316010000          OSC-REG,12.3520MHZ***DlP4                  TEL           199           1.79         1          356.21
731800820000          LTCH,1/4 TAMPER,PROOF,RUS                  TEL          1026          0.106         1          108.76
731801510000          STDOFF,HEX*STL,3/16X3/16                   TEL             4           0.07         1            0.28
731802410000          NUT,HEX*STEEL,.187 PKJ                     TEL           328          0.015         1            4.92
731805270000          SCREW,PNH,STL,6-32X3/16                    TEL          1146           0.02         1           22.92
731805470000          SCREW,PNI-I,STL,4-40X7/16                  TEL          1535          0.022         1           33.77
731807040000          AA,RIVET,ALUM-.158D-LOW                    TEL           180            0.1         1           18.00
731807130000          SO,BLIND,SPECIAL                           TEL          5025          0.089         1          447.23
731807500000          STDOFF,*PLSTC,11/64X7/16                   TEL           490         0.0535         1           26.22
731900040000          AA,TBNG, 1/2 BLK,HTSRNK,1N                 TEL            65            1.2         1           78.00
732000190000          HEATSINK,HORZ*DIE,HIGH,                    TEL            67           0.29         1           19.43
73239G01              LIGHT-PIPE-BRACKET-ASSY                    TEL            16           6.76         1          108.16
73239G02              LIGHT-PIPE-BK-ASSY                         TEL            47          5.871         1          275.94
732502760000          LBL,NT1D,4574151                           TEL            11           0.11         1            1.21
732502970000          LABEL-REG                                  TEL           500           0.11         1           55.00

                                                         Page 20 of 27
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
09/26/03              - CORLUND - TUSTIN -
INVDTL11B             INVENTORY VALUATION REPORT

Part Number......     Description.......................        Class        On-Hand...    Unit Cost..    Cost Per    Ext Cost.....

<S>                   <C>                                        <C>           <C>           <C>              <C>       <C>
732503580000          LABEL-REG**PKJ                             TEL           18452           0.0256         1            472.37
73341G01              COVER-SHIELD-ASSY-326X                     TEL            1923             5.34         1         10,268.82
73342-01              CONTAINER,ASSY,3460,FAST                   TEL             203             3.43         1            696.29
735903910000          RES,390,OHM,10%,1/2,W                      TEL            3161            0.009         1             28.63
73615R600000          RES,5.6OHM,2W,5%,WW,RDL                    TEL            2512             0.89         1          2,235.68
73636G08              3460,REL 3.4,SW,W/BOOT,C                   TEL             238             4.25         1          1,011.50
73764G02              P&MSPEC-4092Z5,SOFTWARE-D                  TEL               4             1.36         1              5.44
73910-01              LABEL-REG*FT100-INSULATOR                  TEL            1632             0.87         1          1,419.84
73910-02              ESD,LENS,V3600                             TEL            1252             0.27         1            338.04
74008-01              PACK,ASSY,DESKTOP,MODEM                    TEL              16             4.28         1             68.48
74009-01              BRD,PACK,SMALL,BLKBOX,PKK                  TEL              88             4.96         1            436.48
741100240000          lC,OPTO-ISOLATOR@                          TEL             678             0.15         1            101.70
741204090000          IC,8KX8,150NS,CMOS,DIP28                   TEL             141               11         1          1,551.00
741204230000          IC,LXT400,SGL,LINE-XCV,R                   TEL              25            24.95         1            623.75
741300040000          DIODE,IN4003,GENL,AXL                      TEL             731             0.07         1             51.17
74130012000T          DIODE,IN4005,GENL,AXL                      TEL            1392            0.018         1             25.06
741300580000          UU,DIODE,1404,TUN,AXL,PKH                  TEL             675              3.1         1          2,092.50
741300740000          DIODE,6.2,VOLT,.5W,5%                      TEL            8199            0.026         1            213.17
741300920000          DIODE,18V,5WATT,ZENER                      TEL            1872                0         1                 -
741400530000          XSTR,NPN,SIGNAL,TO-226,AA                  TEL            9222            0.024         1            221.33
741400550000          XSTR,PNP,SIGNAL,TO-226,AA                  TEL            4201             0.05         1            210.05
74149-10              AA,LABEL-REG*                              TEL             900             0.22         1            198.00
741800060000          IC,78M12,SGL,VREG,TO-220                   TEL            2282             0.18         1            410.76
741800080000          IC,79M12,SGL,VREG,TO-220                   TEL              49            0.137         1              6.71
741800090000          IC,7805,TPL,VREG,TO-220                    TEL              78             0.15         1             11.70
74204G01              FRONT,NMTLZ,BLK-BOX-3600                   TEL              70             1.46         1            102.20
74205G01              COVER,FRONT,V3600-RM16-SP                  TEL             717             1.46         1          1,046.82
743500070000          SURGE,CURRENT,PROT,.17,A                   TEL             235             0.19         1             44.65
743500130000          DIODE-REG,P3403,SUPR,T022                  TEL             318             1.52         1            483.36
743600780000          SWITCH,DIP,SPST,PC-MNT-                    TEL            2676             1.34         1          3,585.84
743900270000          TRM,GND,LOCK,.08-32,SCR                    TEL            5647             0.02         1            112.94
743900280000          TRM,GND,LOCKING,6-32 SCR                   TEL            4813            0.028         1            134.76
743900310000          TERM-NON-INS,FLAG3/16,18A                  TEL              25             0.04         1              1.00
744200970000          XFMR,PULSE,2OMA,1350HM,PC                  TEL             239             1.89         1            451.71
744201040000          XFMR,LlNE**1.20MH,PC-MNT*                  TEL               6              125         1              7.50
744201640000          XFMR,GENL**1.2MH,PC-MNT*                   TEL             199             1.25         1            248.75
744201930000          XFMR,DUAL,ISDNS-INTRFA,CE                  TEL              18             3.54         1             63.72
744201940000          XFMR,ISDN,U-INTERFACE@                     TEL             403              2.5         1          1,007.50
744201950000          XFMR,WALL,28VAC, .5A,NT,1D                 TEL              55             7.05         1            387.75
744203050000          XFMR,GENL**1.2mh,PC-MNT*                   TEL             872             1.25         1          1,090.00
74477-01              CONTAINER,ASSY,3COM,PLAIN                  TEL              90              4.9         1            441.00
74478G01              REAR,PANEL,SUB-ASSY,230V                   TEL               4             33.9         1            135.60
74478G02              REAR,PANEL,SUB-ASSY,230V                   TEL              16             33.9         1            542.40
74476G04              REAR,PANEL,SUB-ASSY,230V                   TEL              25            38.96         1            974.00
74655G19              3460-S/A-SLR-FP-K.21                       TEL              32         116.2871         1          3,721.19
74656G35              3460,S/A,FP,AUSTRALIA                      TEL              30         106.7636         1          3,202.91
74748G01              V.3600,IC-SMD,PROG,FLASH                   TEL             948             2.95         1          2,796.60
74748G02              V.3600,IC-SMD,PROG,FLASH                   TEL             954             2.95         1          2,814.30
74876-01              CHINESE,IMPORT,APPROVAL                    TEL             148             0.05         1              7.40
74697G03              3460,VER 5.2,FLASH(PROG)                   TEL             184              3.6         1            662.40
75016-01              LABEL,MR64-RA                              TEL             489            0.281         1            137.41
8064586C01            RLY,SOL,ST2A8P,2MMFLAT                     TEL            1039             1.27         1          1,319.53
8064586C02            RLY,SOL,ST,1A,3750V,SOO6@                  TEL            6491             1.25         1          8,113.75
F1250T                FUSE,125A,SLOW BLOW,SMT                    TEL            2470             0.48         1          1,185.60
L225106M00HT          CAP,TANT,10UF,20%,16V                      TEL            2580             0.21         1            541.80
L225334K00MT          CAP,TANT,.33M,35V10%1206*                  TEL            1570             0.08         1            125.60

                                                         Page 21 of 27
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
09/26/03              - CORLUND - TUSTIN -
INVDTL11B             INVENTORY VALUATION REPORT

Part Number......     Description.......................        Class        On-Hand...    Unit Cost..    Cost Per    Ext Cost.....

<S>                   <C>                                        <C>          <C>           <C>              <C>       <C>
L225336M00HT          CAP,TANT,33UF,0%,16V,SMD-                  TEL            357             0.22         1            78.54
L225475M00HT          CAPTANT,4.7UF,20%,16V,SMD                  TEL            353            0.106         1            37.42
L225476M00FT          CAP,TANT,47UF,20%,10V,SMD                  TEL            100             0.32         1            32.00
L225685M00HT          CAP,TANT.6.8UF,20%16V,SMD                  TEL            269            0.186         1            50.03
L22B100J00NT          CAP,CER,10PF,5%,50V,SMD12                  TEL           3175             0.02         1            63.50
L226101K00NT          CAP,CER,100PF,10%,50V,SMD                  TEL           4558            0.044         1           200.55
L226103K00ET          CAP,CER.01UF,10%,100V                      TEL           2834             0.01         1            28.34
L226103K00XT          CAP,CER,.01UF,10%50V,SMD                   TEL           5999           0.0149         1            89.39
L226104K00XT          CAP,CER,.1UF,10%,50V,SMD                   TEL          24376            0.023         1           560.65
L226104K00XT          CAP,CER,.1UF,10%,50V,SMD                   TEL           3070            0.023         1            70.61
L226105M00XT          CAP,CER,1UF,20%,50V,SMD22                  TEL            952            0.068         1           647.36
L226121K00BT          CAP,CER,12OPF,10%,100V,SM                  TEL            165           0.0678         1            11.19
L226151K00NT          CAP,CER,150PF,10%,50V                      TEL           2249            0.047         1           105.70
L226200J00NT          CAP,CER,20PF,5%,50V,SMD1                   TEL           3105           0.0494         1           153.39
L226221K00XT          CAP,CER,220PF,10%,50V                      TEL           3812            0.048         1           182.98
L226222G00NT          CAP,CER,2200PF,2%,50V                      TEL           1372             0.09         1           123.48
L226222M00ET          CAP,CER,2200PF,20%,100V,S                  TEL            593            0.041         1            24.31
L226330K00NT          CAP,CER,33PF,10%,50V,1206                  TEL          11376             0.06         1           682.56
L226331K00XT          CAP,CER,330PF,10%,50V                      TEL            295             0.05         1            14.75
L226331K00XT          CAP,CER,330PF,10%,50V                      TEL            205             0.05         1            10.25
L226332G00NT          CAP,CER,.0033UF,2%,50V                     TEL           8597           0.2588         1         2,224.90
L226473K00XT          CAP,CER,.047UF,10%,50V,SM                  TEL           5400            0.017         1            91.80
L226474K00XT          CAP,PER,.47UF,10%,50V,SMD                  TEL           3688              0.6         1         2,212.80
L226821G00BT          CAP,CER,820PF,2%,100V                      TEL           1694            0.078         1           132.13
L228220M00Y0          CAP,ELECT,22UF,20%,35V,SM                  TEL            851            0.082         1            69.78
L228330M00H0          CAP,ELE,33UF,20%,16V,SMD                   TEL           2376             0.14         1           332.64
L228330M00J0          CAP,ELECT,33UF,20%,25V,SM                  TEL           2421             0.09         1           217.89
L2730061000T          SCKT,32P,LCC,SER,MT.TAPE                   TEL            259             0.34         1            88.06
L30200050000          XTAL-REG,18.42MHZ,SMD2                     TEL            124           0.5768         1            71.52
L30200410002          XTAL-REG,14.7456MHZ***SMD                  TEL            676              0.6         1           405.60
L359033100TF          RES,3300HM,1/2,5%,MTL-FIL                  TEL            297            0.028         1             8.32
L359033100TF          RES,3300HM,1/2,5%,MTL-FIL                  TEL             94            0.028         1             2.63
L359R06800TF          RES,.068OHM,1/2W,5%,MTL-F                  TEL           4742             0.44         1         2,086.48
L360010300TF          RES,10KOHM,1W,5%,MTL-FLM                   TEL            655             0.04         1            26.20
L375100000TF          RES,1000HM,1/8W,1%,MTL-FL                  TEL           1427            0.003         1             4.28
L375100100TF          RES,1KOHM,1/8W,1%,MTL-FLM                  TEL           3959           0.0032         1            12.67
L375100200TF          RES,10KOHM,1/8W,1%,MTL-FL                  TEL           3200           0.0033         1            10.56
L375100300TF          RES,100KOHM,1/8W,1%,                       TEL           4396            0.003         1            13.19
L37510R000TF          RES.10OHM,1/8W,1%,MTL-FLM                  TEL           2719           0.0035         1             9.52
L375110100TF          RES,1.1OKOHM,1/8W,1%,MTL-                  TEL          12019            0.003         1            36.06
L375121000TF          RES,121OHM,1/8W,1%,MTL-FL                  TEL           4300           0.0033         1            14.19
L375121200TF          RES,12.1KOHM,1/8W,1%,MTL-                  TEL           5245           0.0033         1            17.31
L375121200TF          RES,12.1KOHM,1/8W,1%,MTL-                  TEL            566           0.0033         1             1.87
L375127000TF          RES,127OHM,1/8W,1%,MTL-F                   TEL           6799           0.0033         1            22.44
L375150000TF          RES,150OHM,1/8W,1%,MTL-FL                  TEL           9374           0.0032         1            30.00
L375150200TF          RES,15KOHM,1/8W,1%,MTL-FL                  TEL           3994           0.0033         1            13.18
L37516R900TF          RES,16.9OHM,1/8W,1%,MTL-                   TEL           6102            0.003         1            18.31
L375200000TF          RES,200OHM,1/8W,1%,MTL-F                   TEL           4437            0.006         1            26.62
L375200200TF          RES,20KOHM,1/8W,1%,MTL-F                   TEL           3336           0.0032         1            10.68
L375205200TF          RES,20.5KOHM,1/8W,1%,MTL-                  TEL           3495           0.0038         1            13.28
L37520R000TF          RES,200HM,1/8W,1%,MTL-FLM                  TEL           4115                0         1                -
L375210000TF          RES,210OHM,1/8W,1%,MTL-F                   TEL          10089           0.0033         1            33.29
L375249100TF          RES,2.49KOHM,1/8W,1%,MTL-                  TEL           1749            0.006         1            10.49
L375267000TF          RES,267OHM,1/8W,1%,MTL-F                   TEL           1560           0.0033         1             5.15
L37528R000TF          RES,28OHM,1/8W,1%,MTL-F                    TEL             70           0.0037         1             0.26
L375301100TF          RES,3.01KOHM,1/8W,1%,MTL                   TEL          10871           0.0038         1            41.31

                                                         Page 22 of 27
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
09/26/03               - CORLUND - TUSTIN -
INVDTL11B              INVENTORY VALUATION REPORT

Part Number......      Description.......................        Class        On-Hand...    Unit Cost..    Cost Per    Ext Cost.....

<S>                    <C>                                       <C>          <C>             <C>             <C>       <C>
L375301200TF           RES,30.1KOHM,1/8W,1%,MTL                  TEL             4833         0.0032          1            15.47
L375332000TF           RES,332OHM,118W,1%.MTL-FL                 TEL             5267          0.006          1            31.60
L375332000TF           RES,332OHM,1/8W,1%.MTL-FL                 TEL              100          0.006          1             0.60
L375332200TF           RES,33.2KOHM,1/8W,1%,                     TEL             3035         0.0034          1            10.32
L375340000TF           RES,3400HM,1/8W,1%,MTL-FL                 TEL             2610          0.003          1             7.83
L375340000TF           RES,3400HM,1/8W,1%,MTL-FL                 TEL             1699          0.003          1             5.10
L375383000TF           RES,383OHM,1/8W,1%,                       TEL             7618         0.0038          1            28.95
L375392000TF           RES,392OHM,1/8W,1%,MTL-F                  TEL             1754          0.006          1            10.52
L375392200TF           RES,39.2KOHM,1/8W,1%,MTL-                 TEL             7530         0.0033          1            24.85
L375422100TF           4.22KOHM,1/8W,1%,MTL-FLM,                 TEL             4972         0.0045          1            22.37
1375422100TF           4.22KOHM,1/8W,1%,MTL-FLM,                 TEL             3324         0.0045          1            14.96
L375432000TF           RES,432OHM,1/8W,1 %,MTL-FL                TEL             6794          0.006          1            40.76
L375432100TF           RES,4.32KOHM,1/8W,1%,MTL-                 TEL             4125         0.0045          1            18.56
L375475300TF           RES,475KOHM,1/8W,1%,MTL-                  TEL              560         0.0038          1             2.13
L37547R500TF           RES,47.5OHM,1/8W,1%,MTL-                  TEL              351         0.0033          1             1.16
L375499100TF           RES,4.99KOHM,1/8W,1%,MTL-                 TEL             4820          0.003          1            14.46
L375499300TF           RES,499KOHM,1/8W,1%,MTL-F                 TEL             6595         0.0032          1            21.10
L375511000TF           RES,511OHM,1/8W,1%,MTL-F                  TEL             4893          0.003          1            14.68
L375511000TF           RES,511OHM,1/8W,1%,MTL-F                  TEL               57          0.003          1             0.17
L375511100TF           RES,5.11KOHM,1/8W,1%,MTL                  TEL             8294         0.0032          1            26.54
L3755R1100TF           RES,5.11OHM,1/8W,1%,MTL-F                 TEL            10823         0.0048          1            51,95
L37561R900TF           RES,61.9OHM,1/8W,1%,MTL-F                 TEL             4743         0.0032          1            15.18
L375649000TF           RES,649OHM,1/8W,1%,MTL-FL                 TEL             1979          0.003          1             5.94
L375681200TF           RES,68.IKOHM,1/8W,1%,MTL-                 TEL             8505          0.003          1            25.52
L375715000TF           RES,715OHM,1/8W,1%,MTL-                   TEL             8990          0.006          1            53.94
L375732200TF           RES,73.2KOHM,1/8W,1%,MTL-                 TEL             2370          0.012          1            28.44
L375750000TF           RES,750OHM,1/8W,1%,MTL-                   TEL             3884          0.003          1            11.65
L375806000TF           RES,8060OHM,1/8W,1%,MTL-F                 TEL            11498          0.006          1            68.99
L375825100TF           RES,8.25KOHM,1/8W,1%,MTL-                 TEL             4217         0.0038          1            16.02
L37593R100TF           RES,93.1OHM,1/8W,1%,MTL-F                 TEL             5000         0.0032          1            16.00
L376000000TF           RES,0OHM,1/8W,5%,MTL-FLM                  TEL             7152          0.003          1            21.46
L41001990000           IC-SMD,F373,OCT,LATCH,SO2                 TEL               24           0.21          1             5.04
L41101040000           IC-SMD,LM319,DUAL,COMPAR,                 TEL             1810           0.24          1           434.40
L41101180000           IC,CHG,PUMP,V,CNVT,S,O16                  TEL               15              3          1            45.00
L41101190000           IC-SMD,2186,SGL,LINE-XCVR                 TEL              161         7.7559          1         1,248.70
L41201050000           IC-SMD,237,RS-232,RCVR-DR                 TEL              150           2.21          1           331.50
L41202510000           IC-SMD,145406,RS-232,RCVR                 TEL             2732         0.6577          1         1,796.84
L41202770000           IC-SMD,1232,STD-LSI,MICRO                 TEL               95           1.18          1           112.10
L41203480000           UU,IC-SMD,80C451,STD-Lsl,                 TEL              164           23.8          1         3,903.20
L41203800000           lC-SMD,61574,SGL,LINE-DRV                 TEL               25             22          1           550.00
L41203810000           lC-SMD,2180,SGL,LINE-XCVR                 TEL              194         7.0967          1         1,376.76
L41203910000           IC-SMD,145407,RS-232,LINE                 TEL              630           1.12          1           705.60
L41203990000           IC-SMD,3090,GATE-ARRAY,V3                 TEL              349             20          1         6,980.00
L41204240000           IC,T1,REC,BUFFER,P,L28                    TEL              201           7.93          1         1,593.93
L41204980000           IC-SMD,LXT31O,SGL,LINE-XC                 TEL              150          11.86          1         1,779.00
L41300170000           DIODE-SMD,BZ5231B,ZENER,5                 TEL             3439         0.0193          1            66.37
L41300940000           DIODE,80V,SCHOTTKY*SMB                    TEL             1251         0.1095          1           136.98
L41307540000           DIODE-SMD,BZX84C6V8,ZENER                 TEL             2250          0.023          1            51.75
L41309140000           DIODE,HI,SPD,SWITCH,SOT23                 TEL             6862          0.016          1           109.79
L41309140000           DIODE,HI,SPD,SWITCH,SOT23                 TEL              197          0.016          1             3.15
L41400770000           XSTR,P-CHL,FET*SMD8                       TEL             3379            0.3          1         1,013.70
L41439040000           XSTR,BT3904,TMOS,Sl-NPN                   TEL             3186          0.018          1            57.35
L41439060000           XSTR,BT3906,BIPLER,SI-PNP                 TEL             2164          0.015          1            32.46
L41540130000           IC-SMD,4013,DUAL,FF,SO14                  TEL             2837           0.08          1           226.96
L41540710000           lC-SMD,4071,QUAD,OR,SO14                  TEL             1902           0.08          1           152.16
L41600000000           IC-SMD,HC00,QUAD*NAND,SO1                 TEL             1226           0.13          1           159.38

                                                         Page 23 of 27
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
09/26/03             - CORLUND - TUSTIN -
INVDTL11B            INVENTORY VALUATION REPORT

Part Number......    Description.......................         Class        On-Hand...    Unit Cost..    Cost Per    Ext Cost.....

<S>                  <C>                                        <C>            <C>           <C>             <C>       <C>
L41600020000         IC-SMD,74HC02,QUAD,NOR,SO                  TEL             2360            0.13         1            306.80
L41600030000         IC,NAND,QUAD,2INPUT,SO14                   TEL             6647           0.095         1            631.47
L41600040000         1C,HCMOS,HEX,INV,SO14*1NV                  TEL             2333             0.1         1            233.30
L41600080000         IC-SMD,HC08,OUAD,AND,SO14                  TEL            10071             0.1         1          1,007.10
L41600140000         IC-SMD,HCI4,HEX,INV,SO16                   TEL             1422           0.165         1            234.63
L41600320000         IC,QUAD,2,INPUT,OR,SO14                    TEL             2500           0.115         1            287.50
L41600740000         IC-SMD,74HC74,DUAL,FF,SO1                  TEL             1873            0.11         1            206.03
L41600860000         IC-SMD,HC86,QUAD,XOR,SO14                  TEL              456          0.0892         1             40.68
L41601380000         IC-SMD,74HC138,DECOD,MUX                   TEL             2284            0.14         1            319.76
L416015l0000         IC-SMD,HCI5I,8BIT*MUX,SO1                  TEL             1784          0.1338         1            238.70
L41601530000         IC-SMD,H0l53,DUAL,MUX,SO1                  TEL             1813           0.155         1            281.02
L41601570000         IC-SMD,157,QUAD,MUX,SO16                   TEL             1836          0.1318         1            241.98
L41601630000         IC-SMD,163,4BIT,CNTR,SO16                  TEL              622           0.165         1            102.63
L41601640000         IC-SMD,74HCI64,8BIT,SHF-                   TEL              871            0.18         1            156.78
L41602440000         IC-SMD,HC244,OCT,3ST,BFR,                  TEL              940            0.15         1            141.00
L41602510000         JC-SMD,HC251,8BIT,MUX,SOI                  TEL             1740          0.1338         1            232.81
L41602730000         IC-SMD,HC273,OCT*FF,SO20W                  TEL             3837          0.1229         1            471.57
L41603730000         IC-SMD,HC373,8BIT,3ST,LAT                  TEL             3025           0.165         1            499.13
L41603740000         IC,OCTAL,D,FF,SO2OW                        TEL              785          0.1229         1             96.48
L41603930000         IC-SMD,74HC393,DUAL*CNTR                   TEL              923             0.2         1            184.60
L41640400000         IC-SMD,HC4040,BIN,CNTR,SO                  TEL             1589             0.2         1            317.80
L41640460000         IC-SMD,4046,PHASE*PLL,SO1                  TEL             1743           0.175         1            305.03
L41641050000         lC-SMD,HC40105,4BIT*FF,SO                  TEL             2852            0.35         1            998.20
L41700130000         DIODE,BRIDGE,IA,400V,SO4*                  TEL              480            0.12         1             57.60
L41800060000         IC-SMD,78M12,FIXED,VREG,D                  TEL             3198           0.189         1            604.42
L41800080000         IC-SMD,79M12,SGL,VREG,DPA                  TEL             1315            1.78         1          2,340.70
L41800180000         IC-SMD,317,TPL,VREG,SO8                    TEL             1904            0.15         1            285.60
L41800390000         IC-SMD,337,TPL,VREG.5O8                    TEL             1104            0.48         1            529.92
L41800480000         IC-SMD,1147,SGL,SW-REG,SO                  TEL              184            2.66         1            489.44
L4350000000T         SURGE,PROTCT,61/69,TAP,ED                  TEL              518             1.7         1            880.60
L43600310000         SW,DIP,4POS,8PIN,SO,-08                    TEL               37            0.62         1             22.94
L43600350000         SW,8SECT,DIP,W/TAPE,50,16                  TEL              118            0.65         1             76.70
L44203060000         XFMR.DC/DC,CONV+5,+-12V@*                  TEL              150            3.49         1            523.50
L4428U200000         INDUCTOR,8.2,UH,320MA                      TEL              372            0.28         1            104.16
L4428U200000         INDUCTOR,8.2,UH,320MA                      TEL              104            0.26         1             29.12
SN74HC32DR           QUAD OR GATE,SMT,74HC32                    TEL               10             0.1         1              1.00
T0009                326X,USERS,MANLJAL                         TEL                1           1.967         1              1.97
T0009-05             326X,DOC,CHANGE,NOTICE                     TEL              695          0.0001         1              0.07
T0009-11             326X,SERIES,MODEM,HAN                      TEL                6           0.001         1              0.01
T0009-14             V34,CZECH,TRANSLAT,REGUL                   TEL                4           0.001         1              0.00
T0050                3460,FASTR,MODEM,USER,GD                   TEL               15              29         1            435.00
T0052                3460,FASTR,MODEM,USER,GD                   TEL                7          3.8857         1             27.20
T0093-01             FT100S,SRN,REL.,4.5                        TEL               91          0.0667         1              6.07
T0123-02             UTA22O/UTA220K,UPDATE                      TEL               47           0.001         1              0.05
T0124-01             F100,SRN,REL.4.5                           TEL              288          0.0667         1             19.21
T0129-02             DDS,MR64RA,HAN                             TEL              258           0.033         1              8.51
T0129-03             DDS,MR64RA,SRN                             TEL              130           0.001         1              0.13
T0129-04             DDS/MR64,SRN,K                             TEL               74          0.1667         1             12.34
TEL-0183008          PWB-FAB-REG,MAIN-UNO6,1PN                  TEL               27           11.75         1            317.25
TEL-0183091          PWB-FAB-REG,UNO1,4PNL,NFL                  TEL              112            2.93         1            328.16
TEL-0200094          PWB-FAB-REG,2186LS,S/A                     TEL              125             5.5         1            687.50
TEL-0200327          PCB,ASSY,2185,MAIN BOARD                   TEL               50         51.0787         1          2,553.94
TEL-09831            USR-MN,REVC,3512-DSU/CSU                   TEL               52               3         1            156.00
TEL-09631-1          QCK-START-UP,REVC,3512---                  TEL               50            7.25         1            362.50
TEL-09831-2          QK-REF,REVD,3512-DSU/CSU                   TEL             1733          0.1375         1            238.29
TEL-09831-3          REF-CD,REVC,3512                           TEL               50           1.542         1             77.10

                                                         Page 24 of 27
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
09/26/03                  - CORLUND - TUSTIN -
INVDTL11B                 INVENTORY VALUATION REPORT

Part Number......         Description....................     Class      On-Hand...    Unit Cost..    Cost Per     Ext Cost.....

<S>                       <C>                                 <C>           <C>        <C>               <C>       <C>
TEL-09935                 INSTAL,REV-A,3500/3600---           TEL             93           0.27          1              25.11
TEL-1364657C01            INSERT,FRONT,PANEL,V3600            TEL           1886            1.5          1           2,829.00
TEL-42614(R)              3267 V.34 UK                        TEL             33              0          1                  -
TEL-42700(R)              3260 V.34 SDC US                    TEL              1              0          1                  -
TEL-42786(R)              3266V.34 SDC V.35 U1220             TEL              1              0          1                  -
TEL-48486(R)              V.3600 230V MALAYSIA GEM            TEL              1              0          1                  -
TEL-52974-13              LBL,IND,CANADA,12113907AB           TEL              5         0.1008          1               0.50
TEL-52974-18              LBL,IND,CANADA,12114124AB           TEL             27           0.11          1               2.97
TEL-52974-20              LBL,IND,CANADA,12115221A            TEL             50         0.1008          1               5.04
TEL-53659-02              **CORRUGATED-CONTAINER-V            TEL             33           1.21          1              39.93
TEL-54273-13              LABEL*326X-FCC-P68 PKJ              TEL            926           0.35          1             324.10
TEL-5464607C05            LBL,IND,CANADA,12118568A            TEL            377           0.11          1              41.47
TEL-56520-01              LABEL-REG*UNlVER5AL-CLEAR           TEL           2114           0.08          1             169.12
TEL-58040-02              PWB-FAB-REG,MINIBX-CRD              TEL             34            3.2          1             108.80
TEL-58086-02              PWB-FAB,2PNL,FL,4LYR,SMT            TEL             31           4.21          1             130.51
TEL-58533-20              DOOR-REG*FRONT*MlNI-BOX             TEL            165           8.73          1           1,440.45
TEL-58570-01              CONTAINER,ASSY,NEST,CDS             TEL             58           3.98          1             230.84
TEL-610406250101          ADAPTER,DS-1,M-D25/F-D15            TEL             25              0          1                  -
TEL-61286-01              LABEL,*326X-ZZF PKJ                 TEL             97         0.2829          1              27.44
TEL-62081-01              LABEL-REG*RUSSIAN-TELCO             TEL            523           0.58          1             303.34
TEL-62082-05              LABEL-REG*CZECH-REP-T585            TEL           2264           0.08          1             161.12
TEL-62082-06              LABEL-REG*CZECH-REP-T652            TEL           1445          0.089          1             128.61
TEL-6209401000030         PCBA,V.3600,DOM/INTL                TEL            160       109.8855          1          17,581.68
TEL-6209548100010(R)      RMI6M V.3600                        TEL              3              0          1                  -
TEL-62360-02              LABEL-REG*3460-TAlWAN-EMC           TEL           1042          0.165          1             171.93
TEL-62409-01              LABEL-REG*SLOVAKREP-FASTR           TEL            242           1.25          1             302.50
TEL-62440-23              LABEL-REG*CLEI-DS38FDOCAA           TEL             96           0.11          1              10.56
TEL-645636990201          PWB-FAB-REG,V35-CARD,2PNL           TEL            870           1.07          1             930.90
TEL-645637210001          PWB-FAB-REG,DS-1 ,2PNL*2LY          TEL              2           4.25          1               8.50
TEL-645639570101          PWB-FAB-REG,V.35(+5)OC,2P           TEL            106           1.08          1             114.48
TEL-6456409200010         PCBA,DDS/MR64                       TEL              1       112.9846          1             112.98
TEL-645640930401          PCB,DDS/MR,64*                      TEL             35           7.68          1             268.80
TEL-645642710201          PWB-FAB-REG,FT100,1PNL*5L           TEL              7           6.25          1              43.75
TEL-6456524600010(R)      PCB DDS/MR64 LCD RM1                TEL              1              0          1                  -
TEL-6456524700020(R)      DDS/MR64 LCD 115V W/ADPT            TEL              1              0          1                  -
TEL-6457415000010         PCBA,DESKTOP,NT1D                   TEL             27         40.989          1           1,106.70
TEL-645741510101          PCB,DESKTOP,NT1D                    TEL            364           7.38          1           2,686.32
TEL-6457503603014         AA,USER,MNL,NT1D                    TEL            396           0.01          1               3.96
TEL-6496504603014         USER,MNL,FT100S*                    TEL            370              0          1                  -
TEL-650035410201          INSERT-REG*FRONT*ISRT-F             TEL            291           1.65          1             480.15
TEL-650036520301          BEZEL-REG***BEZEL-CVR-ART           TEL            152            0.8          1             121.60
TEL-650036610201          BEZEL-REG***BEZEL-CVR               TEL            524         0.3711          1             194.46
TEL-650036830101          BEZEL-REG***BEZEL-CVR-              TEL            118           4.76          1             561.68
TEL-650037690101          MALE,D25,TO,V.35,ADAPT,ER           TEL             81           6.15          1             498.15
TEL-650037970201          INSERT-REG*FRONT*lSRT-F             TEL            101           1.65          1             166.65
TEL-6500380100010         REAR-PNL-RM16M-FT100*               TEL             10          48.39          1             483.90
TEL-6500380200010         BKT-REAR-FTI 00.SUB-ASS,Y*          TEL            132          41.19          1           5,437.08
TEL-6500380400010         R/PNL-SUB-ASSY-FT100S*              TEL             89          51.24          1           4,560.36
TEL-650041550101          INSERT-REG*FRONT*iNSERT-D           TEL            310           0.55          1             170.50
TEL-6500427000010         COVER/LP,ASSY,NT1D                  TEL              5           3.86          1              19.30
TEL-6500433000010         RIPNL-ASSY-FT100S-230V*             TEL            112          58.03          1           6,499.36
TEL-65515-01              PWB-FAB-REG,6PORT-BKPL              TEL            116             18          1           2,088.00
TEL-65523-01              PWB-FAB-REG,M21-PWR,1PNL            TEL              1        10.5776          1              10.58
TEL-70105-01              PWB-FAB-REG,M9-PWR,1PNL             TEL              9        17.9087          1             161.18
TEL-70371G52              PWA,V.34/FAST/232,INT,NMS           TEL             65       118.8284          1           7,723.85
TEL-70640G02              PCBA,KODIAK,SLR,NO-MUX              TEL              6       160.1966          1             961.18

                                                         Page 25 of 27
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
09/26/03                  - CORLUND - TUSTIN -
INVDTL11B                 INVENTORY VALUATION REPORT

Part Number......         Description....................     Class      On-Hand...   Unit Cost..    Cost Per     Ext Cost.....

<S>                       <C>                                 <C>           <C>        <C>              <C>        <C>
TEL-70641-01              PWB-FAB-REG,3500-SLR,IPNL           TEL              1            4.28        1               4.28
TEL-70646G03              PCBA,3512,BASE CARD,O,WAI           TEL             51        126.6233        1           6,457.79
TEL-70648-02              PWB-FAB-REG,ENH-BASE,IPNL           TEL              1          7.1369        1               7.14
TEL-71084G02              21,CRD,UNIV,BATMAN                  TEL              5        493.0647        1           2,465.32
TEL-71087-01              PWB-FAB-REG,21CARD-BKP              TEL             20           64.56        1           1,291.20
TEL-71162-05              PWB-FAB-REG,V.34BATMAN              TEL            208             9.5        1           1,976.00
TEL-71169G41              PWA,V.34/SDC/232,DOM,NMS            TEL            240        138.6417        1          33,274.01
TEL-71169G44              PWA,B.34/SDC/V.35,INTL              TEL             47        121.2685        1           5,699.62
TEL-71270-01              LABEL-MOTOROLA-TAMPER               TEL           3395           0.126        1             427.77
TEL-71270-01              LABEL-MOTOROLA-TAMPER               TEL           1527           0.126        1             192.40
TEL-71290G71              PWA,V.34/SDC/232,DD,DOM             TEL             12        288.9242        1           3,467.09
TEL-71291G71              PWA,V.34/SDC/232,SLR,DOM            TEL             69        197.9712        1          13,660.01
TEL-71293-02              PWB-FAB-REG,DUAL-HOST,PNL           TEL            104         29.3007        1           3,047.27
TEL-71635G08              PWA,DIAL,DAA,BELGIUM                TEL             25               0        1                  -
TEL-71635G17              PWA,DIAL,DAA,PORTUGAL               TEL            304         37.3895        1          11,366.41
TEL-71635G34              PWA,SLR,DAA,U.I.                    TEL              1         45.3406        1              45.34
TEL-71635G35              PWA,SLR,DAA,UK                      TEL              5         47.4867        1             237.43
TEL-71635G38              PWA,SLR,DAA,BELGIUM                 TEL             12         47.2956        1             567.55
TEL-71635G45              PWA,SLR,DAA,DENMARK                 TEL              1         47.0446        1              47.04
TEL-T1635G50              PWA,SLR,DAA,AUSTRALIA               TEL              9          43.555        1             392.00
TEL-71635G54              PCBA,SLR,DAA,U.I./K.21              TEL             25         52.3958        1           1,309.90
TEL-71635G66              PWA,SS,DIAL,DAA,FRANCE,             TEL             52         34.2195        1           1,779.41
TEL-71635G67              PWA,SS,DIAL,DAA,CTR                 TEL              2         40.2537        1              80.51
TEL-71636G01              PWA,GERMAN,DAA,DIAL                 TEL              2         38.2829        1              76.57
TEL-71636G11              PWA,GER,DAA,SLR                     TEL              1         51.1655        1              51.17
TEL-71636G12              PWA,AUSTRIA,DAA,LEASE               TEL              2         51.8293        1             103.66
TEL-71719-02              PWB-FAB-REG,INTL-DD-NS              TEL             84           23.78        1           1,997.52
TEL-71721G14              PWA,V.34/SDC/232 SLR,PORT           TEL             25         199.062        1           4,976.55
TEL-71721G18              PWA,V.34/SDC/SLR,S.AFR              TEL              3        208.0245        1             624.07
TEL-71860G54              PWA,V.34/FAST/232,DD,BEL            TEL             46        287.6709        1          13,232.86
TEL-71860G56              PWA,V.34/FAST/232,DD,ITA            TEL             20        227.7453        1           4,554.91
TEL-71860G61              PCBA,V.34/FAST/DD UI/K.21           TEL             27        291.6153        1           7,673.61
TEL-71860G64              PWA,V.34/FAST/232,DD,PORT           TEL              1        283.7889        1             283.79
TEL-71860G78              PWA,V.34/FAST/DD CTR21,DA           TEL              1        301.5271        1             301.53
TEL-72727-01              LABEL-REG*326X-ITALY-APPR           TEL              2            1.36        1               2.72
TEL-72755G01              GALILEO,S/A,DOMESTIC                TEL              3         101.563        1             304.69
TEL-72755G13              PWA,GALI,INDIA/SINGAPORE            TEL            297         101.596        1          30,174.01
TEL-72755G19              PWAIGALI,K.21,S/A                   TEL              2        102.8169        1             205.63
TEL-72755G35              PWA,GALI,AUSTRLIA,S/A               TEL             46        103.3893        1           4,755.91
TEL-72758-04              PWB,FAB,REG,3460-S/A,1PNL           TEL            199            6.08        1           1,209.92
TEL-72758-05              PWB-FAB-REG,SLR-S/A,1PNL            TEL              8          9.1876        1              73.50
TEL-72758-07              PWB,FAB,REG,SLR,S/A,W/LCD           TEL            118           10.23        1           1,207.14
TEL-72813G01              GALILEO,NEST,DOMESTIC               TEL              7        180.9711        1           1,266.80
TEL-72813G13              GALI,INDIA/SINGAPORE,NEST           TEL            114        180.9501        1          20,628.31
TEL-72813G54              PWA,GALI,UI/K21,II NEST             TEL              9        183.4959        1           1,651.46
TEL-72816-01              PWB-FAB-REG,3460-NEST,1PN           TEL             16            11.3        1             180.80
TEL-72816-02              PWB-FAB-REG,SLR-NEST                TEL              1           46.35        1              46.35
TEL-72824-01              LABEL-REG*PORTAPPROVAL-32           TEL            278            0.16        1              44.48
TEL-72826-09              LABEL-REG*FRANCE-94367D             TEL            427            0.77        1             328.79
TEL-732502970000          LBL,CANADA,REG#12114954A            TEL            188               0        1                  -
TEL-732503080200          LBL,2X3,WHITE,MATT,PKJ              TEL           1665          0.1883        1             317.29
TEL-73341-01              CONTAINER,ASSY,3460,FAST'           TEL             33            3.59        1             118.47
TEL-73342-01              CONTAINER,ASSY,3460,FAST            TEL              2            3.43        1               6.86
TEL-73588G01              FRONT-DOOR-ASSY-3460,PKJ            TEL            229            5.45        1           1,248.05
TEL-73588G02              3460-LCD-FRONT-PANEL-ASSY           TEL             99           28.31        1           2,802.69
TEL-73589-01              CONTAINER,ASSY,NEST,CARD            TEL            125            3.69        1             461.25

                                                         Page 26 of 27
</TABLE>
<PAGE>

<TABLE>
<CAPTION>
09/26/03                  - CORLUND - TUSTIN -
INVDTL11B                 INVENTORY VALUATION REPORT

Part Number......         Description....................     Class      On-Hand...   Unit Cost..    Cost Per     Ext Cost.....

<S>                       <C>                                 <C>           <C>        <C>              <C>        <C>
TEL-73726G15              3460,SLR,S/A,ISRAEL                 TEL             10       115.1502         1              1,151.50
TEL-73934-01              LABEL-REG*NEW-ZEALAND-346           TEL              1              0         1                     -
TEL-74122-01              CONTAINER,ASSY,MODEM,GEN            TEL            406           3.12         1              1,266.72
TEL-74149-10              AA,LABEL-REG*                       TEL            157           0.22         1                 34.54
TEL-74655G13              3460,S/A,SLR,FP,INDIA/SIN           TEL             27       116.7735         1              3,152.88
TEL-74655G19              3460-S/A-SLR-FP-K.21                TEL              1       117.9954         1                118.00
TEL-74656G03              PCBA,3460,SLR,FP,TBR21              TEL              4       110.7647         1                443.06
TEL-74656G51              3460,S/A,FP,Ul                      TEL              7       106.9804         1                748.86
TEL-8464011C02PT6         PWB-FAB-REG,V3600,1PNL,FL           TEL           1993           11.3         1             22,520.90
TEL-T0009-01              326X,REFERENCE,CARD                 TEL            726           0.74         1                537.24
TEL-T0009-05              326X,DOC,CHANGE,NOT1CE              TEL            295           0.06         1                 17.70
TEL-T0009-14              V.34,CZECH,TRANSLAT,REGUL           TEL            170          0.001         1                  0.17
TEL-T0009-15              V.34,CZECH,TRANSLAT.REG             TEL            651          0.001         1                  0.65
TEL-T0009-16              326X,V.34,SFW,UPGRADE,INS           TEL            305              0         1                     -
TEL-T0022-01              3460,FAST'R,USER,GIDE               TEL           4675          1.205         1              5,633.38
TEL-T0022-06              3460,ACCESS,WAY,ENC,HAN             TEL             93          0.001         1                  0.09
TEL-T0022-07              3460,FAST'R,MOD,SRN                 TEL            225          0.001         1                  0.23
TEL-T0022-20              3460,FAST                           TEL           2510         0.6177         1              1,550.43
TEL-T0051                 FASTR,MODEM,USER,GD,FRENH           TEL            172         3.4952         1                601.17
TEL-T0053                 3460,FASTR,MODEM,UESR,GD            TEL             52              0         1                     -
TEL-T0093-01              FT100S,SRN,REL.,4.5                 TEL            981         0.0667         1                 65.43
TEL-T0097                 MANUAL,USER,V.3600                  TEL           1723           0.65         1              1,119.95
TEL-T0097-01              V.3600,DOC,CHANGE NOTICE            TEL           1064          0.342         1                363.89
TEL-T0124-01              F100,SRN,REL.4.5                    TEL            428         0.0667         1                 28.55
TEL-T0124-02              FT100,DDS,HAN                       TEL            764          0.001         1                  0.76
UPL1E1O1MEH               CAP-ELEC,25V,20%,12OUF              TEL             59              0         1                     -
                                                                                                                  --------------
                                                                                                                   1,237,061.98
                                                                                                                  ==============

                                                         Page 27 of 27
</TABLE>

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}]]