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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Mr. Pink who wrote (11975)11/8/1999 9:29:00 AM
From: TRIIBoy   of 18998
 
TRIIBoy issues a "Run For The Hills The Cattle Are Dying" on NTOP. Latest Herb Greenberg column reveals that the 10-K has a warning about lower than expected earnings for NTOP.

Also countries are starting to outlaw NTOP's business. This news combined with the new shares coming out in the offering will cause NTOP to halve itself.

But the main thrust is IDTC misleads investors. And remember where NTOP came from. These are not good people.

Here is the NTOP part:

One other thing for Net2Phone fans: Don't miss the new risk in the risk factor
section of Net2Phone's secondary offering. It says that some countries in Asia
and the Mideast are blocking its PC2Phone services. "These blockages have
caused service interruptions that may cause us to earn as much as $250,000
less (admittedly a drop in the bucket) in PC2Phone revenue in the first quarter,"
the company said. "There can be no assurance that there will not be future
interruptions in these and other foreign countries or that we will be able to return
to the level of service we had in each of these countries prior to any
interruptions."

The company also notes that one of its competitors, iBasis, recently disclosed
that it had received a letter from the Israeli Minister of Communications
requesting that it cease and desist terminating international calls over the Internet
in Israel. "These actions and other similar actions in foreign countries may
adversely affect our continuing ability to offer services in these and other
countries, causing us to lose customers and revenue."

Such a brutal world.
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