MOUNTAIN VIEW, Calif. and HACKENSACK, N.J. (March 10, 1999)
- Netscape Communications Corporation (NASDAQ: NSCP) and
IDT's (NASDAQ: IDTC) Net2Phone subsidiary today announced a
multi-year global distribution agreement under which Net2Phone's
PC-to-phone service will be exclusively bundled with Netscape's
leading Internet browser, Netscape Communicator, and will be
featured as a button on the browser Personal Toolbar.
"Net2Phone has the potential to voice-enable the
World Wide Web and brings powerful PC-to-phone services to our
Netcenter and Netscape Communicator customers."
"We believe the future of telephony is linked to the Internet. By providing integration of PC-to-phone with one of the top leaders in
the industry, Net2Phone will further establish itself as the premier
provider of Web-based communications," said Howie Balter, chief
executive officer of Net2Phone.
"We believe that Net2Phone is a leading technology provider in the
IP telephony space," said Marc Andreessen chief technology officer
at Netscape. "We are looking forward to the technology benefits that
this strategic relationship brings to Netscape."
"This is a tangible win-win for both parties. It is a significant
endorsement of IDT's technology, as well as its network, and places
Net2Phone directly on millions of desktops," said Hilary Mine,
executive vice president of Probe Research. "Equally important, it
provides Netscape with the competitive advantage of an immediate,
operable and global IP telephony solution."
The IPO is Pending and I expect we will learn more within the next few weeks as IDT appears to be preparing for this monumental event. witness today's change of the guard as Howie Balter, CEO of Net2Phone steps off IDT's Board to seperate Net2Phone from IDT...see IDt's news today.
"The Company also announced several board additions and changes. Jim
Courter, President of IDT, has been elected Vice Chairman of the Board,
replacing Howie Balter, who has since become the CEO of Net2Phone.
Moshe Kaganoff, IDT's Senior Vice President of Operations, will assume
Mr. Balter's seat on the board."
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