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Technology Stocks : IDT-Corp (IDTC) - a new era
IDT 50.66-0.1%Oct 31 9:30 AM EST

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To: Jules B. Garfunkel who wrote (60)7/11/1999 11:16:00 PM
From: Allen champ   of 66
 
From Bull-Market.com report

COMMENT: There has been some negative press on IDT Corp. (IDTC) lately and we
have discovered that it is Herb Greenberg, a writer for the San Francisco
Chronicle and TheStreet.com (TSCM). Here are the titles of his articles that
were printed last week: "Has IDT Been Making Loans to a Company That Doesn't
Technically Exist?" and "Is Culture as Important as Fundamentals at IDT?"
We do not want to take much time on this because we think it is mostly hogwash.
Greenberg had a column to write and he decided to write two of them and pick on
this company. This firm is doing VERY WELL, thank you. We have a daughter in
Paris this month and we are calling her for 12 cents a minute, using IDT's
services. We haven't seen anybody better. So there. We liked them at $28 and
we like them even more at $22 (up 10% on Friday.) Look at their revenues - they
are growing like a weed. Greenberg's fabrications about insider shenanigans are
not very disturbing when you get to the bottom of it, just upsetting for the
short term and sensationalistic. Fundamentally, they should have no bearing on
the future success of the company.
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