IDT, has just broken thru it's 50dMA and is about to embark on a new era in it's development. Currently on the table are a Host of E-Commerce deals, a possible Spin-Off of Net2Phone as previously mentioned in the last conference call. They have a new partner in MYSPACEONLINE-http://www.myspaceonline.com Which, will hopefully link many of their E-Commerce partners. Furthermore, I believe they have upwards of 70+ E-Commerce deals/partners that have chose IDT as their E-Commerce solutions provider which, are yet to be announced. There are some other nice items yet to be heard.
Note: they are Profitable Now and have a projected growth rate upwards of 40-50% for the next 5 years. They have recently had coverage initiated by CIBC Oppenheimer, I believe Alex Brown has a price target of $42.00 in 1stQtr99 and the story just get's better...
news link biz.yahoo.com
I strongly urge you to check out their home page @ idt.net
They are also the exclusive provider for IP-Telephony for
broadcast.com...They are also the chosen IP-Telephony solution for
BIGFOOT.com...
Revenues have been steadily increasing and they are curently running @ a
1/2 Bil/yr run rate=$500Million.
As announced in last quarter's conference call, the Company is
exploring various options regarding its Internet communications
services group to enhance IDT shareholder value. To that end, the
Company has been in discussions with its advisors and strategic
partners, including a major media conglomerate with extensive
holdings in leading Internet companies to provide investment
capital for the Company's Internet communications services
division and, among these options, is considering a spin-off,
subsidiary IPO, or dividend its business.
I have a suspicion details about their plans regarding directionand future developments may be just around the corner...time will tell.
For further details contact IDT at the address given above, or any other sources you may deem reliable.
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