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

To: still learning who wrote (3230)	7/20/1999 9:58:00 AM
From: Ray Dopkins	Respond to of 4467

WAYNE, Pa., July 20 /PRNewswire/ -- Safeguard Scientifics, Inc. (NYSE: SFE), an information technology holding company that develops and operates Internet-related companies, announced today that the preliminary prospectuses for the Internet Capital Group and US Interactive IPOs are being released to the brokerage community for distribution to Safeguard shareholders of record as of June 24, 1999. The registration statements containing the preliminary prospectuses will also be available on the Internet at www.sec.gov, and the preliminary prospectuses will also be available on Safeguard's Web site at www.safeguard.com Safeguard also announced a change to its original DSSP program. It will now allow shareholders with 100 or more shares of Safeguard stock on the record date to acquire shares directly in Internet Capital Group and US Interactive. The direct purchase of shares in the IPOs replaces the original plan for Safeguard shareholders holding between 100 and 500 shares to acquire units in a unit investment trust. The unit investment trust has been eliminated from the directed share subscription program for both IPOs to ensure that both IPOs proceed in a timely manner. Safeguard will continue to evaluate the use of unit investment trusts for future offerings. newsalert.com