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

To: John Arnopp who wrote (1516)	7/17/1998 11:01:00 AM
From: David Lawrence	Read Replies (2) \| Respond to of 4467

It looks like the rights offering won't commence until September. I guess we're only getting two this year. WAYNE, Pa., and LAKE FOREST, Calif., July 17 /PRNewswire/ -- Safeguard Scientifics, Inc. (NYSE:SFE), the New York Stock Exchange-listed strategic information systems company, and Who? Vision Systems jointly announced today that Who? Vision has filed a registration statement with the Securities and Exchange Commission for an initial public offering of approximately 6,500,000 shares of Who? Vision common stock through a rights offering to Safeguard's shareholders. Safeguard and Who? Vision anticipate that the rights will have an exercise price of $5.00 per share and that the rights offering will commence in the third quarter 1998. Safeguard shareholders will receive rights, exercisable for approximately 35 days after issuance, to purchase one share of Who? Vision common stock for every five shares of Safeguard common stock owned. There will be a minimum exercise requirement of 20 rights. The offering will be made only by means of a prospectus, subject to the effectiveness of the registration statement.