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Technology Stocks : Safeguard Scientifics SFE

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To: Rob Palmer who wrote (2530)	4/9/1999 1:04:00 PM
From: andy harrison	Read Replies (1) of 4467

TUCKER ANTHONY SFE NOTES NEW PRICE TARGET $110 Safeguard shares reached an all time high on $93 folliwng Safeguards semi annual Senior Partner's Meeting held this week near the company's headquarters in PA. The meeting, in addition to highlighting some of SFE's public and private investments, emphasized SFE's new investment strategy which is now focused on 3 main areas : e-commerce, enterprice applications, and network infrastructure. While previously announced it became clear at the meeting that SFE has already moved rapidly to implement this new focus. SFE also announced a change in its strategy of rights offering as a vehicle for transferring wealth to its shareholders. Instead, SFE now plans initial public offerings for its private companies with subscription rights for some portion of the offered shares reserved for SFE shareholders. While the exact details are not yet worked out, the company believes that this new strategy will result in a faster transaction and stronger ownership and better coverage for the portfolio company as well as SFE after the deal.

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