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Technology Stocks : Safeguard Scientifics SFE

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To: michael r potter who wrote (3065)	6/10/1999 8:54:00 AM
From: robert miller	Read Replies (2) of 4467

Michael, Safeguard Scientifics Issues Reminder to Shareholders for Internet Capital Group Directed Share Subscription Program WAYNE, Pa., June 8 /PRNewswire/ -- Safeguard Scientifics, Inc. (NYSE: SFE - news), the New York Stock Exchange-listed developer and operator of Internet technology companies, issues a reminder to shareholders that the record date for the Internet Capital Group directed share subscription program is June 14, 1999. Based on regular settlement procedures, purchasers of Safeguard common stock after the close of business on June 9, 1999, will not be able to participate in the Internet Capital Group offering. There will be no ex-rights date as there had been in Safeguard rights offerings. The above is from SFE's press release. It says based on regular settlement procedures. Does this mean that institutional investor would have different settlement procedures which would allow them to trade after 6/9/99 and still abtain the ICGE shares? bob

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