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

To: KatayamaGorobei who wrote (1585)	8/18/1998 6:04:00 PM
From: still learning	Read Replies (1) \| Respond to of 4467

Anyone know anything about Titan Corp? Monday August 17, 10:13 am Eastern Time Company Press Release Joseph Charles & Associates, Inc. Initiates Coverage on Titan Corp. with a Buy Rating BOCA RATON, Fla.--(BUSINESS WIRE)--Aug. 17, 1998--Joseph Charles & Assoc., Inc. research analyst David Weinstein initiates coverage on Titan Corporation (NYSE: TTN - news) with a buy rating. The 6-month target price is $9.10 and the 18-month target is $11.75. According to David Weintstein, ''The Titan Corp. has reached a critical strategic point where it can compete as a modern defense intelligence company while seeking commercial application for its technology. Management believes that shareholder value will be enhanced by this process. The Company currently has 16 ''hidden assets;'' of which four are now operating entities in the secure wireless communications, Internet/Intranet/ software solutions, medical sterilization and food pasteurization, and defense intelligence arenas.'' Weinstein continued, ''There are a series of catalysts that could drive Titan's share price in the near term. They include spinning off minority interests to the public in its subsidiaries, winning large defense contracts, getting food pasteurization orders for its Surebeam System, which kills E.coli bacteria, or a pickup in orders for its commercial satellite phone systems. As its commercial ventures are spun off we believe that Titan will attain a valuation similar to incubator/holding companies Thermo Electron (NYSE:TMO - news) and Safeguard Scientific (NYSE:SFE - news). Over the last six years the average P/E for TMO was 26 and SFE was 34. These earnings multiples were even higher during earlier periods of heavy R & D investing. Accordingly, we are applying a forward P/E of 26x our 1998 estimated $0.35, and establishing a 6-month target price of $9.10. Our 18-month price target is $11.75 or 26x our calendar 1999 earnings estimate of $0.45.'' Information and statements contained herein, other than historical information, should be considered forward looking, which involve risk and uncertainties. Joseph Charles & Assoc., Inc., its officers, directors and affiliates may maintain positions in the securities referenced which may change at any time without notice. The securities referenced are speculative in nature and may not be suitable for your investment objective. Additional information is available upon request. Contact: Joseph Charles & Assoc., Inc., David Weinstein, Director of Institutional Research 561/391-9090 Web site: http:/www.josephcharles.com More Quotes and News: Safeguard Scientifics Inc (NYSE:SFE - news) Thermo Electron Corp (NYSE:TMO - news) The Titan Corp (NYSE:TTN - news) Related News Categories: computer peripheral, computers, internet, networking