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

To: kcmike who wrote (2997)	6/1/1999 8:44:00 AM
From: 2MAR$	Respond to of 4467

(PR NEWSWIRE) Safeguard Scientifics, Inc. Announces Offering of Convertibl Safeguard Scientifics, Inc. Announces Offering of Convertible Subordinated Notes WAYNE, Pa., June 1 /PRNewswire/ -- Safeguard Scientifics, Inc. (NYSE: SFE), a developer and operator of Internet technology companies, announced today that it is considering, subject to market and other conditions, to raise approximately $200 million through an offering of convertible subordinated notes to qualified institutional investors. Safeguard's chairman and CEO, Pete Musser, commented, "We intend to use the net proceeds of the offering to repay debt under our revolving credit facilities, to acquire interests in current and future partnership companies, and for working capital and other general corporate purposes." This announcement does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any offers will be made only by means of a private offering memorandum. The notes have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. About Safeguard Safeguard Scientifics, Inc. (www.safeguard.com) develops and operates rapidly growing information technology companies that together form a community of shared resources with a strategic emphasis in eCommerce, enterprise applications, and network infrastructure, all of which are expected to benefit from the growing use of the Internet as a fundamental business tool. A long-term partner, Safeguard works closely with its partnership companies providing numerous operational and management services to build value in preparation for public rights offerings and beyond. The Company's partnership companies include privately-held companies and public companies. Safeguard also assists in managing and working with several venture capital funds. SOURCE Safeguard Scientifics, Inc. -0- 06/01/99 /CONTACT: Michael Miles or Sandi Murtland of Safeguard Scientifics, 610-293-0600, or Investor, Jody Burfening of Lippert/Heilshorn & Assoc., 212-838-3777, for Safeguard Scientifics/ /Web site: safeguard.com (SFE) CO: Safeguard Scientifics, Inc. ST: Pennsylvania IN: CPR FIN SU: OFR *** end of story *

To: kcmike who wrote (2997)	6/1/1999 11:24:00 AM
From: michael r potter	Respond to of 4467

kcmike, Don't have answers to your specific questions, maybe others can offer some insight. In general, I think it is good to step back at times, pretend you have no position in the security [SFE in this case], and ask yourself. "With all securities available, [including cash and bonds] what % of my portfolio would I put into SFE today given todays prices and everything I know? Then compare that to what your actual % is and consider adjusting up or down depending on the answer. Probably wouldn't weigh the rights factor to heavily as those benefits are partially built into todays price. Just consider it as part of the long term benefit package in assessing your current level of ownership. Mike