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

To: robert miller who wrote (2298)	3/10/1999 2:05:00 PM
From: still learning	Respond to of 4467

Any comments on SCAI approval to buy 1mm shrs? For a company w/ 11.7 mm shares outstanding and a float of only 4mm, that's a pretty high #. Normally buyback annoucementss don't seem much of an indication, since nothing requires the company to follow through, but the sher #s (%) here seem to indicate it's a serious statement about being undervalued. OTOH, SFE hasn't been buying lately. They may be tapped out on open mkt purchases, or ???. I think supporting the shares of existing public co's is the best way SFE can have leverage and credibility for the next IPO.