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Technology Stocks : Safeguard Scientifics SFE

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To: Denny Tseng who wrote (83)	7/11/1996 3:27:00 PM
From: Bryan Steffen	of 4467

Tech Stock Sell Off! There is probably no company related reason for its decline. Since it is a holding company of several technology companies and is generally thrown into the Tech group, it is being brought down with the rest of the Tech slide. Hewlett Packard is off 10 pts today, Motorola was off about 9 pts yesterday, Intel is off 4 pts, etc. etc. In general, lower expectations in growth and earnings are beginning to be announced as companies release their 2nd Qtr. information. Everyone just wants out of the Techs. Several of SFE's publicly traded companies are all trading lower (ranges from USDC @ 3/4 down to CATP @ 3 3/4 down). If you are in for the long haul, it won't be a problem, but if you were here for the short term, you are gonna wait just a little longer. Bry P.S. I bought in yesterday too but bought at 70 7/8. I was very upset to see it go down again today, but that's the stock game for you.

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