I haven't posted in a while too busy smiling at all those nay sayers and downgraders. The company continues to execute. This will propel cash flow to build out the network. Hopefully some other browsers will begin to look at the value offered today by IDTC and the net phone convenience for e commerce and work related or personal calling. Sorry but I had to post it one more time:))
Norden
Net2Phone dials up Netscape
By Steve Gelsi, CBS MarketWatch
Last Update: 10:29 AM ET Mar 10, 1999NewsWatch
HACKENSACK, N.J. (CBS.MW) -- Internet phone specialist IDT
Communications said Wednesday that its Net2Phone brand will be featured on Netscape's browser as part of a a multi-year, global distribution deal.
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IDT Communications (IDTC) and Mountain View, Calif.-based Netscape
(NSCP) agreed to bundle Net2Phone on Netscape Communicator, and to
feature the service as a button on the browser's Personal Toolbar.
"When you click on that (button) you will be able to make Internet
telephony calls," said IDT Communications Executive Vice President
Jonathan Reich. "That's significant considering users will no longer
have to download our software. It'll be integrated into the Netscape
browsers."Today on CBS MarketWatchDim prospects for rate hikeComputer Literacy goes beyond tech booksCyberShop inks pact with YahooZapman on where the great business leaders have goneDow party in eye of beholderMore top stories...CBS MarketWatch ColumnsUpdated:
3/14/99 5:04:56 PM ET
The service will also be integrated into Netscape's Net Center; it'll be plugged in ads on Netscape sites.
Last November Netscape agreed to be acquired by America Online (AOL) for $4.2 billion. Reich declined to comment on whether IDT will pursue a deal with AOL, the dominant online service with more than 15 million
subscribers.
Net2Phone will soon raise its profile with ads in USA Today carrying the themeline, "Net2Phone, your online communications company," Reich said.
"With Netscape we've brought the PC to phone communications piece out to the masses," Reich said. Calls will cost as little as 4.9 cents per
minute, the company said.
The Netscape deal follows pacts with Yahoo (YHOO) and Excite (XCIT).
Introduced in 1996, Net2Phone was the first service to bridge the
Internet with the public switched telephone network.
Shares of IDT Communications gained 1 1/2 to 16 15/16 shortly after the opening bell onWednesday. Netscape added 2 1/8 to 81 5/8.
Net2Phone competitors include VocalTec (VOCLF), RSL Communications
(RSLCF), Inter-TEL (INTL), and NetSpeak (NSPK).
Steve Gelsi is a reporter for CBS MarketWatch. |
