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

To: michael r potter who wrote (2988)	5/28/1999 5:32:00 PM
From: Teflon	Respond to of 4467

Have a great weekend. Rest easy, SFE is a winner long term, and the Street has barely given it the coverage that CMGI enjoys. This will change, however, and we will all benefit. Enjoy the BBQs. Teflon

To: michael r potter who wrote (2988)	5/28/1999 11:36:00 PM
From: robert miller	Respond to of 4467

Michael, As you know VERT is 38% owned by ICGE which SFE is bringing public. VERT has started B2B auctions. This one is a whopper. bob Tuesday May 18, 12:17 pm Eastern Time Company Press Release VerticalNet To Auction Steam Generators Over the Internet Bidding to Begin At $38 Million Event To Be Perhaps Internet's Single Largest Business-to-Business Transaction HORSHAM, Pa.--(BUSINESS WIRE)--May 18, 1999--VerticalNet, Inc. (NASDAQ: VERT - news), the premier online business-to-business marketplace of vertical communities, today announced that it will auction two unused turbo steam generators over the Internet with bidding to start at $38 million. The auction is scheduled to take place this summer at VerticalNet's Power Online community, poweronline.com, and could be the single-largest transaction of its kind to occur over the Internet. Housed in 111 climate-controlled warehouses on 140 acres in the state of Tennessee, the 1,250-Megawatt steam turbo generators are being supplied by Camelot Technologies Group, a leader in facilitating and executing online buy/sell transactions of industrial surplus goods. Built by ABB, the generators each weigh more than 1,000 tons (roughly equivalent to the weight of two Boeing 747 aircraft). One unit of this size has enough generating capacity to power a small country, or a city as large as Atlanta. To produce the generators today would cost more than $250 million and require five years. VerticalNet and Camelot expect bidders to include government officials from established and emerging markets as well as executives from large power utilities. Complete information about the generators is available at camelottech.com. ''As the Internet continues to emerge as the conduit for business-to-business e-commerce, VerticalNet, with its 39 targeted communities, is positioned to redefine the parameters for business-to-business interaction and transaction,'' said Mark Walsh, president and CEO of VerticalNet. ''Due to the unique nature of this auction, it's critical that it attracts a qualified global audience of executives and officials in the utilities industry. Our Power Online Web site sets that stage.'' In addition to the steam generators, VerticalNet, through its partnership with Camelot, will auction various products serving industries such as transportation and solid waste across its vertical sites. ''We are excited to be forging this alliance with VerticalNet and exploring uncharted frontiers in the international marketplace,'' said Michael L. Weaver, co-founder of Camelot. ''This non-traditional approach to procurement and sales is more efficient and cost effective, and simultaneously accelerates and simplifies the exchange of surplus commodities.'' About Camelot The Camelot Technologies Group, headquartered in Atlanta, Georgia, is a rapidly expanding business-to-business consignment and auction company serving a variety of high-profile industries in the global marketplace including utilities, solid waste and industrial equipment. Camelot provides its clients a consistent source of high quality new and pre-owned heavy industrial and utility equipment at reduced costs, while purveyors of such equipment are afforded tremendous exposure to a targeted global audience. About VerticalNet VerticalNet, Inc. (www.verticalnet.com) is the Internet's premier developer of business-to-business communities of commerce and content. Founded in 1995 as Water Online, Vertical Net has grown to 39 Web site communities, attracting nearly two million visitors per month. The company went public on February 11, 1999, and is currently listed on Nasdaq as ''VERT.''