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

To: John Arnopp who wrote (1829)	10/20/1998 10:34:00 AM
From: IJReilly	Read Replies (1) \| Respond to of 4467

I'm no accountant either, but I believe the gain they recognized would be on the CCSC stock they "sold" in the takeover transaction. By the same token their basis in the TLAB stock they got in the deal would then be in the $80 range, so they would, I believe, be taking losses on the TLAB they are selling now. IJ

To: John Arnopp who wrote (1829)	10/20/1998 10:38:00 AM
From: John Arnopp	Respond to of 4467

OK, I got my answer on the gain (they had to take the TLAB gain according to GAAP, and they will take any gains/losses quarterly as a trading security). The big question as to when to get back in (aside from yesterday, which would have looked good :-() for me is "When will the offerings resume?" I think they'll announce by the end of the year, so I'm looking to get back in within the next several weeks, but at levels lower than today (SFE is already coming off its highs of the morning). CATP is doing great, as is TLAB (800K shares sold by Safeguard in Oct.), and CMPC is down about 3/4, removing $0.60 in SFE's NAV. I'll post updated #'s after the close. Good investing to all, --John