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

To: michael r potter who wrote (3349)	8/16/1999 5:47:00 PM
From: still learning	Read Replies (2) \| Respond to of 4467

I'd like to get this NAV straight: Using the info from the SFE web site, plus 24 mm shrs of ICGE and 2.339 mm shrs of USIT, I show SFE with an NAV of $1.863 Billion. At 35 million shares (I know that #'s been questioned) I see it at $54 shr in NAV. Now maybe there are 1-2 million more shares out for the new convertibles (remember the old convertibles were already converted or retired, but I'm willing to go along with that) And I may be wrong on ICGE shares (is it 22 mm after the IPO?) Worst case, NAV is at least $48 by my reckoning, so the premium is all but gone. And the upside for OAOT, DTPI, CMPC, USIT, and even possibly SCAI, TLAB and CVSN, seem to indicate we have a solid "base" of assets. Now ICGE could come down to earth any day now, but I really think it is much more conservative and solid than CMGI (strictly IMVVVHO) I see SFE heading into a 10-15% upswing. TLAB, while still within reach of its o0ld highs, is a very strong stock, and given valuations for the "next CSCO" like JNPR, it may not be overpriced even at these levels. I definitely expect that TLAB will at least hold its own thru next SFE reporting period, meaning they may not contribute to earnings, but certainly won't damage them significantly. Your thoughts?