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Technology Stocks : Safeguard Scientifics SFE
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To: wellab1 who wrote (2499)4/7/1999 1:30:00 AM
From: michael r potter  Read Replies (1) of 4467
 
Elsewhere, it has been stated that if ICG trades with a market cap. of $50 Billion, it would be worth $22 per share to SFE. This statement has not been corrected, so here is the correct value. If ICG had a mkt. cap of $50 B., it would be worth $13 B to SFE [assuming they would still own 26%] which works out to $393 per SFE share. Now as to the probablity of ICG coming out with anything like a $50 BILLION market cap. About .00000000001%. CMGI has a market cap. of $10.7 B. and if ICG starts trading with the same market cap. as CMGI [and I'm not suggesting it will or will not-am judging and trading SFE by sentiment, money flow, and technicals now ], that would be worth $2.8 B to SFE or $85 per sh. IF that were the case, SFE would be around $110-$120 based on its components including some value for other private companies. Of course no telling where this tulip-mania will progress by summer. CMGI could be cut in half or double-neither would be surprising. CMGI added another 1/2 B. mkt value today. AMZN now "worth" $29 BILLION and they are expected to lose $.91 per sh. this year and "only" $.29 p.sh. next., while their larger rival Borders with $80 M. in profits last year is $14 down from $41. Why---they committed the capitol offense--they we're LATE to the internet. SO, AMZN is worth 29 times as much or so the market says..we'll see. Mike
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