Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: llwk7051@aol.com who wrote (3137)	6/23/1999 7:34:00 PM
From: still learning	Read Replies (1) \| Respond to of 4467

My best guess is we're stuck in a range for a little while. In support of the upward thrust notion: in ICGE and USI we're not just talking about rights here -- these are two of its best inet co's coming public. Not that this overshadows mp's points re NAV vs premium, but I would expect ICGE and USI to both be short-term home-runs. Remember when an IPO up 50% was huge? ICGE could be raised to $18-20 open and double quite easily. It will not get to $50 on day one, I don't think. Orthey could leave it at $8 to make it one ifthe most spectacular IPOs of recent memory (still $40 range) What does everyone think the combined mkt cap of ICGE and USI should be? I think, if anything MP was a bit high since I figure $50 shr=$6B in mkt cap. I think $4-5B is closer to reality, which puts the share price at closer to $40, and SFE's NAV at $720. Still that's a doubling of NAV, practically -- from $900 mm to $1.7 or more. USI should come out at -- who knows? Still, we will be in the neighborhood of $1.8 B NAV, which works out to $53 NAV. Add in a premium for rights offerings and pipeline, and we should be in the $60-70 range, which is about where we are. That said, psychology will play a big role. SFE also has $200 mm in cash they just raised, so the pipeline could become larger, the rts could become more valuable...