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Strategies & Market Trends : Gorilla Game Investing in the eWorld

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To: StockHawk who wrote (547)11/5/1999 11:04:00 AM
From: StockHawk  Read Replies (2) of 1817
 
PALO ALTO, Calif., Nov 4, 1999 (BUSINESS WIRE) --

Credit Suisse First Boston Initiates Coverage of Safeguard Scientifics with a Buy Rating

SFE is an Internet-centric holding company that identifies, acquires, operates, and manages business-to-business companies and has interests in several private equity funds. They currently focus on companies engaged in e-commerce, e-communication, and e-business services. Safeguard Scientifics has a proven ability to identify and acquire stakes in promising early stage technology companies such as Novell, Cambridge Technology Partners, and Internet Capital Group. "Their strategy is to acquire stakes in companies that are benefiting from positive computing trends. These days this means three lucrative Internet-related sectors; e-commerce, enterprise applications, and network infrastructure that benefit from increased use of the Internet as a communications and commerce medium," stated Hiler in a research note issued earlier this morning.

The sum-of-the-parts valuation indicates that Safeguard's current holdings and prospects for future gains give its equity an intrinsic value of $118--a 22% premium to current levels.
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