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Technology Stocks : Safeguard Scientifics SFE -- Ignore unavailable to you. Want to Upgrade?

To: michael r potter who wrote (3065)	6/10/1999 8:54:00 AM
From: robert miller	Read Replies (2) \| Respond to of 4467

Michael, Safeguard Scientifics Issues Reminder to Shareholders for Internet Capital Group Directed Share Subscription Program WAYNE, Pa., June 8 /PRNewswire/ -- Safeguard Scientifics, Inc. (NYSE: SFE - news), the New York Stock Exchange-listed developer and operator of Internet technology companies, issues a reminder to shareholders that the record date for the Internet Capital Group directed share subscription program is June 14, 1999. Based on regular settlement procedures, purchasers of Safeguard common stock after the close of business on June 9, 1999, will not be able to participate in the Internet Capital Group offering. There will be no ex-rights date as there had been in Safeguard rights offerings. The above is from SFE's press release. It says based on regular settlement procedures. Does this mean that institutional investor would have different settlement procedures which would allow them to trade after 6/9/99 and still abtain the ICGE shares? bob

To: michael r potter who wrote (3065)	6/10/1999 11:59:00 AM
From: still learning	Respond to of 4467

Way OT -- interesting post. 2 things i don't understand: 1. 'The wealth effect has allowed the national savings rate to go zero and below. The tremendous capital gains have kept housing and autos going full tilt. ' Why is it that stock mkt gains don't count towards savings rate? If I save $10 and buy a stock and it goes to $20, my savings was only 10%. OTOH, If I save $10 and stock goes to $20 and I sell half and save $10, my savings is $20, but i get cap gains. Makes no sense to me. These days 401ks, stocks, home equity are largely seen as nest eggs and represent cumulative savings. But our measures don't capture that. 2. How can real rates continue to rise. Granted, there are renewed inflationary pressures, but real interest rates were already well above historical norms. Don't quite know how to connect inflation-driven rate rises with you deflationay environment. BTW, I see your scenario as quite plausible in the back half of 99 or 1H 00. My instinct tells me we get a blow-off top in Q3 99 and then a bear mkt thru most of 00, but every time i though this mkt was dying it fooled me. Also, WAY too many other people expect the blow off, so it may not happen at all and we just quietly slip into the next up/down trend without any dramatic movement in the "oppposite" direction.