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

To: John Arnopp who wrote (1103)2/17/1998 4:45:00 PM
From: John Arnopp  Read Replies (1) | Respond to of 4467
 
NAV = $35.17 by my calculations as of close today (a discount of $0.17!) This includes the 962,740 shares of ChromaVision Safeguard said they bought (close this week?) at $8, but I didn't discount the purchase price. In fact, cash/debt is not considered at all, but if anyone has any ideas for this...then add the private companies...etc.

The calc. does include the next rights offering, DocuCorp, at the # shares SFE will own AFTER the offering, at a price of $5 (too low, I'm sure). But without DocuCorp, NAV falls to 34.78, and we get a slight premium again.

A happy shareholder,

--John



To: John Arnopp who wrote (1103)2/17/1998 6:44:00 PM
From: ncs  Read Replies (1) | Respond to of 4467
 
John, What is the deal with XL Vision? From the press release it looks like they issues some stock on their own which SFE got a piece of, but not SFE shareholders.

BTW I pick up another block this morning @35--wish I had bought it last week like I said I was going to but I kept waiting for Asia to knock the market down some.

Neil.


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