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

To: Tom D who wrote (3299)	7/29/1999 11:08:00 AM
From: still learning	Respond to of 4467

comparing ICGE to DSCM is meaningless. CMGI is a comp. SFE is a comp. You're buying a VCV firm, not a .com so why compare a collection of companies to one company? Also, w/ $550 mkt cap built in via VERT, I would follow your orig. trail -- add up expected value of underlying companies. Don't know what to price them at? Neither does anyone else. Alll you can do is follow USIT, VERT, and other IPOs and make some assumptions. Don't get caught up in shares outstanding discussion. Most of them are not true flaot, and dilution is a function of NAV, not true earnings. Also, see my note re "true" IPO after subtracting SFE, GE and other spoken for shares. It's only something like 5-6 million, I forget exactly. ICGE will open at at least $25 share. is it a good buy? I think so. Look to see it at 1/2-3/4 the mkt cap of CMGI (currently about $8.6 B)

To: Tom D who wrote (3299)	7/29/1999 11:49:00 AM
From: Tom Bunge	Read Replies (1) \| Respond to of 4467

Very interesting posts; I am not in a position to give an opinion at this stage (nor have the time!) but would love to see a bit more of a discussion on the matter. For what I know, the value of ICGE, fairly priced, is $10-12 range, not a penny more. Refer to my post on the IGG thread (http://www.techstocks.com/~wsapi/investor/respond-10701349). Now, if all IPO's stocks remained at their original valuation price, there wouldn't be much hype into IPO's would they! From a pure stock acquisition standpoint, I would also welcome comments and discussion on purchase timing and strategy Cheers - Tom