Michael,
One other thing on TESI. There are only 15,786,724 shares outstanding.
-------------------------------------------------------------------------------- Stock Ownership of Directors, Executive Officers and Greater Than 5% Shareholders as of April 6, 1999
-------------------------------------------------------------------------------------------------------------- Shares Beneficially Options Owned Shares Exercisable Assuming Percent Beneficially Within 60 Exercise of of Name Owned Days Options Shares --------------------------------------------------------------------------------------------------------------- Safeguard Scientifics, Inc. 10,448,738 0 10,448,738 66.1% 800 The Safeguard Building 435 Devon Park Drive Wayne, PA 19087 --------------------------------------------------------------------------------------------------------------- W. Christopher Jesse 925,212 575,000 1,500,212 9.2% --------------------------------------------------------------------------------------------------------------- Michael H. Forster 0 2,500 2,500 * --------------------------------------------------------------------------------------------------------------- Steven F. Kuekes 1,282,759 360,000 1,642,759 10.2% --------------------------------------------------------------------------------------------------------------- John F. Owens 0 14,000 14,000 * --------------------------------------------------------------------------------------------------------------- Charles A. Root 0 150,000 150,000 * --------------------------------------------------------------------------------------------------------------- Carl G. Sempier 0 14,000 14,000 * --------------------------------------------------------------------------------------------------------------- Carl Wilson 0 8,500 8,500 * --------------------------------------------------------------------------------------------------------------- Nancy M. Dunn 156,591 90,000 246,591 1.6% --------------------------------------------------------------------------------------------------------------- John N. Nelli 0 37,500 37,500 * --------------------------------------------------------------------------------------------------------------- Executive officers and directors as a group (9 persons) 2,364,562 1,251,500 3,616,062 21.2% ---------------------------------------------------------------------------------------------------------------
The float is very small.
bob |