Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ncs who wrote (1556)	7/27/1998 10:48:00 AM
From: John Arnopp	Read Replies (1) \| Respond to of 4467

It doesn't make a lot of difference to me if Chas. Schawb holds my interest in ICG or if SFE does. Neil, It does to me, because at what price could I buy from Schwab? Through a rights offering, I get the shares for $5, or maybe they change the pricing to $10 because it's so hot. Either way, look at broadcast.com (BCST) which was priced at $18 and closed at $68 the first day. The ICG offering, if done at the right time, could be so hot that it never sees its offering price again. Or, if could fizzle badly, like any stock, but the perceived and real potential is there. I personally don't think the ICG offering was behind the large run-up in premium, but I don't know for sure, and I don't have another explanation. Does anyone? The reason for owning Safeguard, and I think Safeguard would agree to a large extent, is the rights offerings. If they stopped them tomorrow, there would be no point to owning SFE over the publicly-traded companies you liked in their portfolio, unless they started paying a dividend or something. --John