IDT-Corp is the parent company of Net2Phone and on 2/2/99 said
"IDT is soliciting the consent to the proposed amendments primarily
for the purpose of enabling IDT to effect one or more possible financing transactions involving Net2Phone, Inc., a Delaware corporation and the subsidiary of IDT that conducts IDT's Internet telephony operations. Such a transaction may consist of the issuance of Net2Phone's capital stock to private investors or to the public.IDT is currently in discussions with several parties who have expressed an interest in making equity investments in Net2Phone."
biz.yahoo.com
What is Net2Phone®?
Net2Phone is a new technology which makes it
possible to place domestic and international calls
from a personal computer to any telephone in the
world. Developed by IDT Corporation, a global
innovator of telecommunications and Internet
services, "Net2Phone is by far the most advanced
telecommunications application harnessing the
global power of the Internet."
We've been hearing about it for at least the past 6 months and the press release on 2/2 is the house cleaning that should expedite
the transition to a seperate entity. There are several speculations however, in the last conference call on 1-15-1999, Jonas, CEO, said
that an "Imminent event" would occur to make Net2Phone, a seperate entity.
Home Page>http://www.net2phone.com/english/
current rates> net2phone.com
partners> net2phone.com
awards> net2phone.com
Other Products:
Net2Phone Direct(sm)
Net2Phone is proud to offer Net2Phone Direct(sm),
the world's first True Phone Quality Internet
Telephony service. Currently available in the
United States, and soon globally, you can use
any telephone, even a payphone, to call any other
telephone in the world for the lowest possible
rates.
Net2Fax(sm)
Using Net2Phone's Internet Telephony
technology, you can fax any document over the
Internet through a regular fax machine using
Net2Fax(sm). It's so simple!
Net2Phone Pro(sm)
Net2Phone Pro(sm) comes with an Internet
Telephony Sound Card, enabling you to make
Internet telephone calls by plugging a regular
phone into your PC. This product is currently
available for resale-- visit our website for
partnership opportunities.
Click2Talk(sm)
Click2Talk(sm) maximizes the impact of your
company's website with live interactive voice
communication. All you have to do is add the
Click2Talk(sm) icon to your website and visitors
can talk live to your staff.
Click2CallMe(sm)
Click2CallMe(sm) is a new service that allows
visitors to your web site to speak with a
Customer Service Representative for free over a
regular phone line, with just one click!
Download site> net2phone.com
come along, Join the ride, with IDTC! note shareholders of IDTC are likely to receive some form of distribution of either the IPO or spin-off shares however, this is conjecture on my part. Also, the earnings drag which, IDT's Internet division has had, will no longer impede
IDT's growth strategy....imho.
cheers |
