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

To: John Arnopp who wrote (1074)	2/6/1998 1:39:00 AM
From: ncs	Read Replies (1) \| Respond to of 4467

I'll second that recommendation to listen to the VCall. Pete Musser says that by buying the stock at current prices, you're paying the NAV and getting twenty private companies, the management team and the system of bringing private companie public all for free. I was counting, but reading between the lines, he essentially said about three or four times that you'd have to be a fool not to buy the stock at its current levels. He underscored that three offerings a year will be standard and is quite doable...and that they will likely continue the one for five offering. Assuming the $5 rights exercise price and $10 initial stock price, that's a 10% return for the stock, plus of course the upside potential of those stocks. He apologized for the lackluster 20% return for the last two years and nearly promised that things will be better. I'm adding to my position in the near future. I'll also try to clean up my numbers and post my chart of SFE's NAV sometime this weekend. Neil