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Technology Stocks : VerticalNet, Inc.

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To: Kailash who wrote (74)	3/21/1999 9:00:00 AM
From: Apache Indian	Read Replies (1) of 127

more from steve Harmon.. Safeguard Scientific (SFE:NYSE) is much like a venture capital firm that targets companies in the information technology arena. Its shares rocketed 25% on March 16 after its chairman went on CNBC and announced the company was committed to investing in the Internet. But Internet analyst Steve Harmon says Safeguard shares may not be quite ripe for Internet-type valuations. Safeguard already was an investor in Internet firms, VerticalNet (VERT:Nasdaq) among them. It also owns Vision Systems, which has plans to go public and which identifies computer users by their fingerprints. Safeguard could be dismissed as merely playing catchup in the Internet space if not for its $2.275 billion in revenue in 1998 and its $1.7 billion market cap, says Harmon. Still, Safeguard is no CMGI (CMGI:Nasdaq), a premier Internet holding company. It would take a "huge sustainable home run" to get there, Harmon says, adding that VerticalNet one day could be it. --- keep a close eye on VERT now if you want to jump in.. the opportunity might just be developing in the next few days if not already my 2 c

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