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                            UNITED STATES
                  SECURITIES AND EXCHANGE COMMISSION
                        Washington, D.C. 20549

                             SCHEDULE13G


              Under the Securities Exchange Act of 1934

                          (Amendment No__2__)*

                      PAR TECHNOLOGY CORPORATION
---------------------------------------------------------------------

                           (Name of Issuer)

                                Common
---------------------------------------------------------------------

                    (Title of Class of Securities)

                               698884103
                          -----------------
                            (CUSIP Number)


Check the appropriate box to designate the rule pursuant to which

this Schedule is filed:

    / / Rule 13d-1(b)
    /x/ Rule 13d-1(c)
    / / Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.

The information required in the remainder of this cover shall not
be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to
the liabilities of that section of the Act but shall be subject
to all other provisions of the Act (however, see the Notes).

Potential persons who are to respond to the collection of
information contained in this form are not required to respond
unless the form displays a currently valid OMB control number.
SEC 1745 (3-98)
                           Page 1 of 7




CUSIP No.  698884103
--------------------

    1.  Names of Reporting Persons.
        I.R.S. Identification Nos. of above persons (entities only)

        E*Capital Corporation
---------------------------------------------------------------------
   2.   Check the Appropriate Box if a Member of a Group
   	(See Instructions)

       (a) /x/
       (b) / /
---------------------------------------------------------------------
   3.   SEC Use Only
---------------------------------------------------------------------
   4.   Citizenship or Place of Organization

        California
---------------------------------------------------------------------
     Number of Shares  5. Sole Voting Power                   343,049
     Beneficially by   ----------------------------------------------
     Owned by Each     6. Shared Voting Power                 519,819
     Reporting         ----------------------------------------------
     Person With:      7. Sole Dispositive Power              343,049
                       ----------------------------------------------
                       8.Shared Dispositive Power             550,319

---------------------------------------------------------------------
   9.  Aggregate Amount Beneficially Owned by Each Reporting Person

      550,319
---------------------------------------------------------------------
   10.  Check if the Aggregate Amount in Row (9) Excludes Certain
        Shares (See Instructions)

        /x/
---------------------------------------------------------------------
   11.  Percent of Class Represented by Amount in Row (9)

        6.4%
---------------------------------------------------------------------
   12.  Type of Reporting Person (See Instructions)

---------------------------------------------------------------------
        CO




                           Page 2 of 7



CUSIP No.  698884103
--------------------

    1.   Names of Reporting Persons.
         I.R.S. Identification Nos. of above persons (entities only)

         Edward W. Wedbush
---------------------------------------------------------------------
   2.   Check the Appropriate Box if a Member of a Group
        (See Instructions)

        (a) /x/
        (b) / /
---------------------------------------------------------------------
   3.   SEC Use Only
---------------------------------------------------------------------
   4.   Citizenship or Place of Organization

        United State of America
---------------------------------------------------------------------
     Number of Shares     5. Sole Voting Power       164,770
     Beneficially by   ----------------------------------------------
     Owned by Each        6. Shared Voting Power     519,819
     Reporting         ----------------------------------------------
     Person With:         7. Sole Dispositive Power  164,770
                       ----------------------------------------------
                          8.Shared Dispositive Power 550,319

---------------------------------------------------------------------
   9.   Aggregate Amount Beneficially Owned by Each Reporting Person

        550,319
---------------------------------------------------------------------
   10.  Check if the Aggregate Amount in Row (9) Excludes Certain
        Shares (See Instructions)

        /x/
---------------------------------------------------------------------
   11.  Percent of Class Represented by Amount in Row (9)

        6.4%
---------------------------------------------------------------------
   12.  Type of Reporting Person (See Instructions)

---------------------------------------------------------------------
        IN




                           Page 3 of 7







Cusip No.  698884103           13G PAR TECHNOLOGY CORPORATION

---------------------------------------------------------------------

Item 1. Name and Address of Issuer.

(a)   This statement relates to the shares of the common stock of
      PAR TECHNOLOGY CORPORATION ("Issuer").

(b)   Issuer's address: 8383 Seneca Turnpike,
      New Hartford, NY 13413


Item 2. Filers

(a)   This statement is filed by E*Capital Corporation ("ECC") and
      by Edward W. Wedbush ("EWW").

(b)   Business address of the above filers are as follows:
      ECC - 1000 Wilshire Blvd., Los Angeles, CA 90017-2457
      EWW - P.O. Box 30014, Los Angeles, CA 90030-0014

(c)   ECC is a California corporation and EWW is a citizen of the
      United States of America.

(d)   Common stock

(e)   698884103

Item 3. Classification of Filers

(a)--(g)       Not applicable


                             Page 4 of 7





Item 4. Ownership

(a)   ECC has sole ownership of 343,049 Shares of the Issuer
      and EWW has sole ownership of 164,770 Shares.

(b)   Of the Shares outstanding, ECC owns approximately 4.01%
      and EWW owns approximately 1.93%.

(c)   Number of Shares as to which the filer has:

      (i)   Sole power to vote:  ECC has sole power to vote on
            343,049 Shares and EWW has 164,770 sole Shares.

      (ii)  Shared power to vote: ECC has 519,819 Shares and EWW
            has 519,819 Shares.

      (iii) Sole power to dispose: ECC has sole power to
            dispose on 343,049 Shares and EWW has 164,770 Shares
            to dispose.

      (iv)  Shared power to dispose;  ECC has 550,319 Shares and
            EWW has 550,319 Shares.

Item 5. Ownership of Five Percent or Less of a Class.

     	Not applicable.

Item 6. Ownership of More Than Five Percent on Behalf of Another.

        Not applicable.

Item 7. Identification and Classification of Subsidiary which
        Acquired the Securities Being Reported on by the Parent
        Holding Company.

     	Not Applicable.

                             Page 5 of 7





Item 8.     Identification and Classification of Members of a Group.

Name                     Category       No.ofShares       Percentage

E*Capital Corporation    CO             343,049           4.01%
Edward W. Wedbush        IN             164,770           1.93%

EWW is the chairman of ECC.  EWW owns a majority of the outstanding
Shares of ECC.  Accordingly, EWW may be deemed the beneficial
owner of the Issuer's Shares owned by ECC.  However, beneficial
ownership of the Issuer's Shares is hereby disclaimed by EWW.


Item 9.     Notice of Dissolution of Group.

            Not applicable.

                             Page 6 of 7



Item 10.  Certification

By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the
ordinary course of business and were not acquired for the purpose
of and do not have the effect of changing or influencing the
control of the Issuer of such securities and were not acquired in
connection with or as a participant in any transaction having
such purpose or effect.

                              Signature

After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.

                        E*Capital Corporation


2/05/04
---------------------------
Date

ERIC D. WEDBUSH
------------------
Eric D. Wedbush
---------------------------
Signature

ERIC D. WEDBUSH
------------------
Eric D. Wedbush/ President
---------------------------
Name/Title


         Edward W. Wedbush


2/05/04
---------------------------
Date

EDWARD W. WEDBUSH
------------------
Edward W. Wedbush
---------------------------
Signature

EDWARD W. WEDBUSH
------------------
Edward W. Wedbush
---------------------------
Name/Title

                             Page 7 of 7