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Technology Stocks : Net2Phone Inc-(NTOP)

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To: Moose who wrote (562)	8/25/1999 5:10:00 PM
From: orkrious	Read Replies (1) of 1556

Cramer and TSCM on NTOP Why Net2Phone's a Battleground Stock By James J. Cramer thestreet.com subscribers only 8/25/99 4:54 PM ET Open this lion's den and let me in!! I just got a call from Matt Jacobs on Net2Phone (NTOP:Nasdaq). You don't know Matt. Yet. When the DOT was screaming, Matt was Matt.com, but these days Matt is strictly Matt.Redhot. Matt signed up for Net2Phone today. Couldn't take the hype any more. It was classic. Just like the Herb vs. the world Net2Phone real-life dilemma. The sound was horrible on my end. But it was crystal clear on his end. I wished he had called on the land line. He saves a fortune using Net 2 Phone. I had a horrible echo on my end. His was echo-free. If I were to invest from my end, I would short it, or at least go long IDT (IDTC:Nasdaq) (true disclosure: You can't borrow Net2Phone, so it can't be shorted -- see my glossary or my rewrites about shorting) and sell Net2Phone. But from Matt's perspective, I would buy every share. Clean, quality calls with a great graphic on his PC (we are next to each other, so I ran into his office while he was talking to me) with a device that shows you how long you are on and lots of nifty buttons to go elsewhere. If I didn't know any better I would say I have seen the future and it is Net2Phone. Bottom line: This one is a battleground. I'm staying away. But one phone call sure explains why this stock is caught in a vicious squeeze that may just be beginning.

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