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Technology Stocks : Safeguard Scientifics SFE
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To: Hepps who wrote (2485)4/4/1999 9:12:00 AM
From: robert miller  Read Replies (2) of 4467
 
John,

This wording from the 1999 10K indicates to me that SFE shareholders may get a chance to purchase ICG shares.

Not all of our private partnership companies are appropriate for a rights
offering. We also consider mergers, sales, and traditional IPOs in evaluating
the best way to enhance the value of our private companies. Each time one of our
partnership companies undertakes a traditional IPO, we presently intend to try
to direct a part of the shares to be offered to Safeguard stockholders. We are
presently referring to this as a "subscription offering."

Maybe this is the reason the ICG IPO is taking a little longer to do.

bob
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