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Technology Stocks : IDT *(idtc) following this new issue?*

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To: Augustus Gloop who wrote (11379)7/14/1999 9:20:00 PM
From: Tom Hua  Read Replies (1) of 30916
 
At the request of Net2Phone, the underwriters intend to reserve up to 300,000
shares of common stock to be sold in this offering to National Broadcasting
Company, Inc., up to 200,000 shares of common stock to be sold in this offering
to GE Capital Equity Investments, Inc. and up to 100,000 shares of common stock
to be sold to Jonathan Fram, our President, each at the initial offering price.
Any reserved shares not sold to NBC, GE Capital or Mr. Fram will be offered to
the general public on the same basis as the other shares offered hereby.
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