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Microcap & Penny Stocks : Tokyo Joe's Cafe / Societe Anonyme/No Pennies

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To: Mr. Big who wrote (67232)	4/9/1999 9:58:00 AM
From: songw	Read Replies (2) of 119973

IDTC + Softbank; IDTC has Deal with ETEL 4s CBS Marketwatch is reporting that Internet king maker Softbank is in negotiations with IDT to invest in Net2Phone, a further sign that IDT plans to spin off the unit. "Gary E. Rieschel, executive managing director of Softbank Technology Ventures' West Coast office, said Thursday that his company is nearing a deal with Net2Phone, a unit of Hackensack, N.J.-based IDT (IDTC)."We are in the diligence process with Net2Phone," Rieschel said. "There is not a signed deal yet. But I am a real fan of what they are doing and think they will be very successful." He said Net2Phone is one of two Internet-telephony specialists that will be getting an investment from Softbank, but he declined to name the second player. Rieschel declined to say how much Softbank would invest. He said the deal may close within the next two weeks according to the article.http://cbs.marketwatch.com/archive/19990408/news/current/idtc.htx?source=blq/yhoo&dist=yhoo IDTC gapping 28s - expect traders to bid up internet telephony companies Vocaltec VOCLF 10s and Netspeak NSPK 14s on specualtion that either is the "second company' in which Softbank will invest. But traders might also be wise to keep an eye on internet telephony issue E-tel ENET 4s. Last year IDTC and ETEL struck an agreement to use each others products- ""Net2Phone™ is a software that enables consumers to use the Internet to realize significant savings in their long distance toll calls, wherever in the world they are calling," stated Howard Jonas, IDT Chairman and CEO. "e-Net's NetConnect™ enables the consumer to use our software with an ordinary phone. This is a potent combination of technology and represents a major step in the global telephony revolution. Furthermore, it provides a great business opportunity for both companies." Under today's agreement, IDT will introduce e-Net to its international distribution network." datatelephony.com

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