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

To: Jerry Olson who wrote (3243)	7/21/1999 7:18:00 PM
From: still learning	Read Replies (1) \| Respond to of 4467

How so? You only get one guaranteed allocation.

To: Jerry Olson who wrote (3243)	7/21/1999 7:23:00 PM
From: still learning	Respond to of 4467

Interesting info from the prospectus: 123 mm shrs out -- not incl the 2 mm overallotment! Plus options outstanding. I now think it will trade at about $40 share on day one. Is this a good deal? could well be. I would buy between 20 and 30 and think i may get the chance. This Offering The offering information provided below assumes an initial public offering price of $11.00 per share and includes: the conversion of $90 million principal amount of our convertible notes into 8,181,682 shares of common stock; and the sale and issuance to IBM Corporation upon closing of this offering of 4,090,909 shares of common stock in a concurrent offering. The information provided below excludes: 1,598,500 shares of common stock issuable upon exercise of stock options outstanding as of July 12, 1999 at a weighted average exercise price of $5.27 per share; 1,605,750 shares of common stock issuable upon exercise of options reserved for grant; 1,636,225 shares of common stock issuable upon exercise of warrants with an exercise price of $11.00 per share related to our outstanding convertible notes; 200,000 shares of common stock issuable upon exercise of warrants with an exercise price of $10.00 per share related to our revolving credit facility; approximately 1,136,363 shares of our common stock issuable upon exercise of an option under an agreement related to the acquisition of a partner company ownership interest; and the exercise of the underwriters' over-allotment option. Common stock offered: U.S. offering 10,850,000 shares International offering 2,400,000 shares Total 13,250,000 shares Shares outstanding after the U.S. and international offerings 123,765,124 shares Over-allotment option 1,800,000 shares