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

To: michael r potter who wrote (2896)	5/20/1999 12:26:00 PM
From: michael r potter	Read Replies (2) \| Respond to of 4467

Newer shareholders may not be familiar with Compucom CMPC $4 1/4, but us old timers know it well. SFE owns over 50%, and nobody has been happy with its performance including SFE. SFE bought additional stock last year in the $4s and $3s. They initiated a management shakeup. Up until a couple of weeks ago, CMPC stock has traded with a negative tone with every rally attempt squelched. Recent company announcements including taking on the product division of Entex, have changed the tone and the stock is trading up since. The difference is, I think finally this is the real thing and not another fake-out. CMPC lost money last quarter, and the improvement [corporate wise], will come slowly, but there is a good chance this stock will be a lot higher in a year. I'd rate this speculative and a turnaround story, but its trading about book value with a very low market cap. I'd be more wary if it were not for SFEs great financial financial interest in getting this stock back on track and ability to force changes to accomplish that goal. I have owned it since '93, and mostly made a round trip from $3 1/2 to $14, and back to start. [One of the reasons, I have instituted a more aggressive trading strategy]. Anyway, bought more today FWIW. Disclaimer, I thought a few other rallies were the "real thing" too, alas they were not. Gee, I think I just managed to convince you to stand aside-which was not my intention. As always, do your own DD. Mike