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

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To: Charlie Yang who wrote (2315)3/3/1999 10:12:00 PM
From: Bill Lotozo  Read Replies (3) of 30916
 
If you calculate the EPS based on annualizing the last quarter's earnings, you will get around 35. This is high for a company like IDT.

I understand that they have an isp business & ip based phone software. This in my book is not an internet presence in any large since.

I don't think spinning off their ip phone business will bring in much money. IP telephone is just not seen as big today. Vocaltec & Netspeak brought in big $ on their IPOs. Today they wouldn't. It is a crowded field already and the big players (AT&T category) will own this when they want to. The money that IDT brings in for net2phone is miniscule and is valued by investors accordingly. I don't see it having much more value as a separate entity.
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