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

To: Tom Bunge who wrote (3187)	7/3/1999 10:35:00 PM
From: LarryCPA	Read Replies (1) \| Respond to of 4467

Tom, I am in street anme also, but Schwab gave Safeguard my name. RThe letter is quite long and I don't have my scanner set up so I will just give you the highlights. June 28, 1999 "Dear Safeguard Shareholder: In our last letter to you, we asked if we counld contact you directly to provide further information on our new directed share suubscription program. Since we are mailing this notice only to those shareholders of record on June 11, 1999, whose brokerage accounts permitted tthe release of their name and address, no further action is required by you at this time to receive direct notice from Safeguard when we feel it is appropriate. This letter provides answers to the most frequently asked questions we've been receiving on our website (www.safeguard.com) and investor relations line (1-888-SFE-1200). You may also call Corporate Investor Communications, the information agent for oour two pending offerings, at 1-877-460-4356. Q: Who will be eligible to participate...? A: Only holders of Safeguard stock on the record date for an offering who meet the minimum requirements discussed below will be eligible to participate. The record dates of our two pending offers were: Internet Capital June 24, 1999 US Intereactive June 24, 1999 Q:Why were the dates changed? A (A long involved answeer that can be found on the website) Q:Allocation Ratios A: Internet Capital 1:10 US Interactive 1:20 100 share minimum (Also see webpage for complete discription) Q:What is a unit investment trust A: (Long answer see webpage) Q: What information will I receive for each offering? A: Approximately three weeks befroe an offering is expected to price, the subscription offer will be delivered to your brokerage account, or to you directly if you are a direct shareholder. We will also distribute a preliminary prospectus for the IPO company, a preliminary prospectus for the unit investment trust, and, to the extent needed, an offering letter that further explains the directed share subscription program. The materials will include an anticipated price range the period of time during which we expect the offering to price the terms of the offering and a discription of the IPO company and the risks invoved in an investment. The anticipated price range and expected offering dates will be estimates and cannot be guaranteed. Q: Can you send the prospectus and subscription information to me directly instead of sending it through my broker? A: (Long answer = NO) Haowever it will be available on website. Q: When will I recieve the offer and prospectus? A: W expect to distribute the offer and prospectus approximately 3 weeks before the offering is expected to price. For Internet Capital and US Interactive, we expect to distribute in early July. Q:What if I don;t receive any information from my broker? A: You should be sure that your broker is familar with this program and can provide you with prompt information. If the subscription offer does not show up in your brokkerage account, or you do not recieve the preliminary prospectus by early July, you should be sure to at least call your broker for further information at that time. Q: How will I know when the offering prices and what the exiration date for the poffering will be? A:( In breif website, 888-SFE-1200, E-mail alerts (sign up if you haven't) 877-460-4356, press relaeses etc.) You will not recive direct notice from Safegusrd of the IPO company...You will have to monitor the above media to know when to deliver instructions to your broker. Q:How much time will I have to amke a decision? A:...Onece the IPO price has been set, the offering agent will start execpting subscriptions and payments. The offering agent will stop accepting subscriptions and payments at 5:00PM NYC time on the fourth business day after the IPO price has been set. We caution that brokers will require some time to process subscriptions form Safeguard Shareholders. Therefore, it is most likely brokers will stop accepting subscriptions earlier that the fourth day after ythe IPO privce is determined. Q: How do I subscribe? A: (Only through your broker) Q(What if I'm away?) A:(Leave instructions)