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

To: Tom Bunge who wrote (3023)	6/7/1999 4:50:00 AM
From: Ray Dopkins	Read Replies (1) \| Respond to of 4467

>>You may have been advised that there is a fair amount of anxiety amongst small and also long time Safeguard investors about the manner in which the ICGE IPO will take place. My particular broker does not want to hear about it.<< Now what else have they screwed up!? As a SH, I just hope it doesn't become actionable. ------------------------------------------------------------ FWIW- NYTs article: Feeding a Frenzy: Why Internet Investors Are Still Ravenous By LAURA M. HOLSON ALO ALTO, Calif. -- The ink on the first draft of the history of the Internet stock boom isn't yet dry, and the revisionists are already having their say. Even as Internet shares were tumbling from their highs, three of the companies backed by Accel Partners, a venture capital firm, went public last month. Though their net losses total $56 million, the three now have a combined market capitalization of $10 billion. "Astounding," James W. Breyer, the firm's managing partner, calls that performance, echoing the giddiness common in Silicon Valley when people talk about the Internet. But in the same breath, Breyer decries the shortcomings of the crop of new offerings following in his companies' footsteps. "We've had far too many low-quality companies go public," he scoffed. The recent market turmoil that has sliced the value of many Internet stocks in half is making investors more discriminating, he added approvingly: "Investors can more easily distinguish between companies building a long-term business and those which have been merely opportunistic." ----continues------- search.nytimes.com