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

To: Bryan Steffen who wrote (2369)	3/18/1999 3:09:00 PM
From: Apache Indian	Respond to of 4467

I got in SFE at $41, came to know about it thru VERT, sold it for no gain and put all my money in VERT after its IPO, and I'm happy about it, I've learnt my lesson not to sit on a pile of gold that nobody cares about, it could beome forever,,seems like Steve Harmon has just drawn all these new guys to SFE, they look at it now like CMGI, but like you said it aint got that much stake in internet firms yet, and it owns only part of ICG,, nope not getting in now, will be interesting to see what the market does to it in a few days, could go either way, more up than down I think..now that it has the markets attention.

To: Bryan Steffen who wrote (2369)	3/18/1999 3:30:00 PM
From: still learning	Read Replies (1) \| Respond to of 4467

Valid comments. SFE is not yet what is says it wants to be. On the flip side of that, SFE need only have 1 or 2 home runs in its Internet holdings to boost its mkt cap substantially and gain inet credibility. If you look at many inet cos having $1-$10 B mkt cap, and a typical SFE IPO as having a $50 mm mkt cap, you can see that 1 inet IPO is worth 20-200 rights offerings. Another difference is that if SFE decides not to always do rights offeringsmthey can proably do far more IPOs than 2-3 per year, in effect speeding up the process. I see SFE as being able to achieve a mkt cap if $4-5 B quite easily. OTOH, I thought this before Mr. Musser went on CN-BS to say they were an internet co. As a "true long" (for many years) I'm worried about such quick runups (hard to believe that would be a problem) because they bring the poss. of huge pullbacks. I see SFE as having a decent shot at $150 share within 18 months if they have 2 or maybe 3 home run IPOs. If we went to $100 this week, I'd probably think about selling, but mine is in an IRA and there are no tax consequences to doing so. I would not know which way to go if it were in a taxable account.