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Technology Stocks : IDT *(idtc) following this new issue?*
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To: Steve Fancy who wrote (10386)7/1/1999 3:47:00 PM
From: Andrew H  Read Replies (3) of 30916
 
Steve, IMO, the best argument for price appreciation over the next couple of weeks is that it is fairly common for parents of IPOs to move strongly higher in the few weeks before the IPOs begin to trade. DLIA and DBCC are good examples.

Now one can always argue that IPO market has softened, etc.

Furthermore, one would hope that IDTC is holding onto some news to release over the next few weeks--both IDTC news and NTOP news. I would think it is time to hear soon about the initial results of the new ISP initiative which H60 predicted would triple the subscriber base in the first month. We also know of a deal with CPQ which has not been announced.

If we do not move over 25 or 26 by the end of next week, I will be concerned.
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