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

To: llwk7051@aol.com who wrote (1825)	10/20/1998 12:42:00 AM
From: John Arnopp	Read Replies (1) \| Respond to of 4467

Robert, Dave, Dave, bob, s.l., and all: WARNING - long, rambling opinion. If you've got something to do, come back later I don't know what the price will really do tomorrow, even if earnings are in line (but I don't see how they can be), since CMPC should be way down. I will buy if it drops, because I really like the concept, and I'm a sucker for good concepts. I would rather own a Safeguard with all its potential than a Coca-Cola with syrup and gas. It's just more fun - Are we having fun yet? (Robert, if I did the opposite of you, then the stock should not move at all, or find some way to screw both of us!) If Safeguard's earnings are bad, I think they may deserve some credit: Rather than selling their partner companies into a downward spiral, just to make a number that we all pretty much agree is meaningless, they decided to take the hit. Instead, they supported their companies and bought. So their stock price goes down - it will come back up just as quickly. If that's their reasoning, I'm with them. If they blew it, and are scared of the market, I'm out. I need to hear something about how they are going to bring out offerings, and stick to it. And, speaking of offerings, I think all the recent bow-wow offerings probably looked the same from the inside as the real winners did. But, a combination of the current market and an overextending of Safeguard the company may have failed them. Perhaps Safeguard, as well as us shareholders, did/do not realize how much work goes into each company both before and after an offering to assure its success. Perhaps Safeguard thought they could apply their magic touch 3X per year but overextended themselves. I don't know what that would mean for future offerings, or the frequency, or the stock price. Anyway, sorry again to ramble, but we're all just here waiting. Good luck. --John