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

To: victor gupta who wrote (1421)	5/29/1998 6:27:00 PM
From: John Arnopp	Read Replies (1) \| Respond to of 4467

Victor, First, let me say that I have relied on the work of everyone else on this thread, too, when talking about Safeguard and it's NAV, premium, etc., and have tried to provide the most up-to-date numbers. My calculations are posted for everyone to see and use (http://www.bluering.com/SIP/sfe_nav.html) and they amount to the prices of all the public companies SFE holds in its portfolio, multiplied by the number of shares of each company SFE owns, and divided by the number of outstanding shares of SFE. This give the Net Asset Value (NAV) of the Safeguard's public portfolio. This does not place any value on the private portfolio, which has typically been the way this stock has been valued. (Again, let me say that I am relying on information from others, as I have only been following the stock since June, 1996, and have only been tracking NAV with my own spreadsheet since the beginning of this year.) I have also stated that I believe the private portfolio is worth between an additional $7-10 per share, but I would be reluctant to pay that additional premium for the stock. We've had this premium for a few weeks now, and I haven't been buying and I've even lightened my position, as I believe others have. However, whether that was a good decision remains to be seen. Safeguard is a great company, and I want to own a lot! Good investing, --John