"To Kevin M. Moore at BT Alex. Brown by: yagottabelieve 21992 of 22016 990115 - IDT Corp. was downgraded to ''buy'' from ''strong buy'' by analyst Kevin M. Moore at BT Alex. Brown Incorporated ---------------------------------------------------------- 990201 - 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.
BT Alex. Brown Incorporated is serving as the Solicitation Agent for the consent solicitation, and U.S. Bank Trust National Association, the trustee under the Notes, is serving as the Depositary. --------------------------------------------------------------- 990128 - Big underwriter may be key to success for Web IPOs By Nadja Rogoszynski
NEW YORK,, Jan 28 (Reuters) - Faced with the decision about what new Internet-related initial public offering to put money into, investors can often make the winning choice by focusing on big name underwriters, according to IPO industry sources.
''A big name underwriter will absolutely make a difference,'' said Ben Holmes, an analyst at ipoPros, a Boulder, Colo., consultancy. ''They will support the deal, and not walk away from it after the pricing,'' Holmes said. ''That gives investors a certain security,'' he added.
The correlation between a big name underwriter and an exciting IPO was proven when MarketWatch.com, an online business news provider, soared 458 percent to $92 a share on its first day of trade two weeks ago, after being offered initially at $17.
The stock offering, underwritten by BT Alex. Brown, has been holding its momentum after its sparkling debut, despite losing some of its value in recent days. Shares traded up 4 at 73-1/2 on Thursday. ==================================================== Kevin, tell me I am wrong on this: You only cut to BUY from Strong Buy. BT Alex. Brown is serving as the Solicitation Agent for the consent solicitation, and you guys are considered one of the big name underwriters that can take a companies share price to the moon and keep it there. I put this all together with what IDT has now got going and I say soon, real soon, you're gonna stand tall and POUND THE TABLE ON IDT!!!!!" Well?:-) |