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

To: llwk7051@aol.com who wrote (1598)	8/21/1998 10:57:00 PM
From: llwk7051@aol.com	Respond to of 4467

From Fool evening news Information technology services company Cambridge Technology Partners (Nasdaq: CATP) rose $4 15/16 to $42 15/16 after Morgan Stanley Dean Witter raised its rating on the company to "strong buy" from "outperform" and Donaldson, Lufkin & Jenrette (DLJ) reiterated its "top pick" rating today. Apparently, Cambridge shares have been killed since July on worries of accounting irregularities. DLJ said this presents a good opportunity for investors to buy into what it calls "one of the leaders in the emerging IT services sector." In a research note, Morgan Stanley said the firm's 14% decline yesterday was due to the rumored release of a report on the company by the Center for Financial Research and Analysis, which spends its time looking at accounting practices at firms it deems as having questionable fundamentals. The alleged report notwithstanding, Morgan Stanley apparently felt confident enough in Cambridge's fundamentals to set a 12-month price target of $63 per share. Robert D.

To: llwk7051@aol.com who wrote (1598)	8/23/1998 12:12:00 PM
From: still learning	Respond to of 4467

Problem with the SFE public cos is too much risk in the big three right now. TLAB has a cloud over it. We know SFE will hold it, at least for the time being (per CC statements) We know that CATP has an accounting irregularities report out or due, and has had some support via raised.reit recs. but these are not always to be trusted, and if you watch the past 4-6 months, there's downward pressure on the stock. SFE may or may not be continuing to reduce their exposure in CATP. I hope they are, but don't know. CMPC is slogging along -- up down, treading water. SCAI and DTPI, the only other 2 holdings that are really material, have done well but seem to be pulling back and falling into a pattern. OAOT, DOCC, CVSN other recent rights IPOS are not big enough to move the mountain. Next rights IPO will also be small, and the only 1000 pound gorilla -- the internet capital group -- may not be a right offering. Even as an IPO it may help, but that is at least 4 months away, best case, and worst case, may be discounted in SFE's price until well after the IPO, since the market will want to see where it settles, not where it starts. All of this, to me, says SFE will stay in the 30s, possible the low 30s till Nov/Dec. 60 this year is practically out of the question -- I forget the analyst- , but I don't know where that price target came from and reiterating it recently was a tactical error. (look back to recent posts for details). SFE hasa had a history of fast runs and then long stalls -- a bit like sailing across a big ocean. Right now we're Ulysses, and there ain't no wind. Maybe El Nino will return this Fall.