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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: Redhook who wrote (53538)12/29/1999 6:24:00 PM
From: puborectalis   of 108040
 
Wednesday December 29, 5:55 pm Eastern Time

Safeguard Scientifics seen as undervalued - report

NEW YORK, Dec 29 (Reuters) - Safeguard Scientifics Inc., a holding company that
develops Internet-related companies, maybe a value play for investors since it trades at a
discount to its holdings, Business Week's ''Inside Wall Street'' column said on Wednesday.

Stuart Rudick of Rudick Asset Management told Business Week that he believes Safeguard
is trading at a 28-percent discount to its holdings in 14 publicly traded Internet stocks alone.
Safeguard also has investments in 200 companies that are privately held.

Bob Hiler, an analyst at Credit Suisse First Boston, told the magazine that he rates the stock as a buy and noted that Safeguard
has a ''proven ability to identify and acquire stakes in promising early-stage technology companies.''
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