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

To: llwk7051@aol.com who wrote (2798)	5/11/1999 8:16:00 PM
From: still learning	Respond to of 4467

I do not believe they plan opn selling any shares. Please also note that SFE seems to be the only company offering subscription rights to its shareholders (see the notes #7 and 8 from my excerpt of the filings posted here). FWIW, that means effectively the shares avaliable will only be about 7-8 mm shrs -- small offering which should drive the price up quickly. I don't expect SFE holders to flip their shares. I am planning on getting into this one in as many ways as possible. I see a no-brainer to $60 on day one, with an upside of $80 in the first week or so before it settles back down. Since SFE, CPQ and Comcast effectively own at least 36 mm shrs, and another unknow # shrs (not in prospectus), there will be a thin float. See this note from the prospectus: No Sales of Similar Securities We, our executive officers and directors, Safeguard Scientifics (Delaware), Inc., Safeguard 98 Capital, L.P., Comcast ICG, Inc., CPQ Holdings, Inc., Internet Assets, Inc., RAF Ventures VII, L.P., Technology Leaders II L.P. and Technology Leaders II Offshore C.V. have agreed, with certain exceptions, not to directly or indirectly: . offer, pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant for the sale of, lend or otherwise dispose of or transfer any shares of our common stock or securities convertible into or exchangeable or exercisable for or repayable with our common stock, whether now owned or later acquired by the person executing the agreement or with respect to which the person executing the agreement later acquires the power of disposition, or file a registration statement under the Securities Act relating to any shares of our common stock for a period of 180 days after the date of this prospectus; or . enter into any swap or other agreement that transfers, in whole or in part, the economic consequence of ownership of our common stock whether any such swap or transaction is to be settled by delivery of our common stock or other securities, in cash or otherwise, without the prior written consent of Merrill Lynch on behalf of the underwriters for a period of 180 days after the date of this prospectus. See "Shares