Jan 29 (Reuters) - Safeguard Scientifics Inc:
* SAFEGUARD SCIENTIFICS ISSUES STATEMENT IN RESPONSE TO SIERRA CAPITAL
* SAFEGUARD SCIENTIFICS-CONFIRMED THAT SUGGESTIONS IN SIERRA'S LETTER CONSISTENT WITH TOPICS DISCUSSED DURING SEVERAL PRIVATE CONVERSATIONS HELD WITH CO
* SAFEGUARD BOARD AND MANAGEMENT TEAM ARE TAKING DECISIVE ACTIONS TO INCREASE SHAREHOLDER VALUE
* IMPLEMENTING INITIATIVES TO GENERATE ANNUAL COST SAVINGS OF BETWEEN $5 MILLION AND $6 MILLION Source text for Eikon: Further company coverage: