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Technology Stocks : IDT *(idtc) following this new issue?*
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To: jacksoo who wrote (4939)4/14/1999 8:06:00 AM
From: Manly   of 30916
 
Morning Pick - IDTC.

This is from the bulltrade newsletter which is emailed every morning on picks!

IDTC - In case you are not aware, Softbank is only days away from completing a
large investment in IDT. Softbank is extremely interested in the potential (or
"imminent" as IDT has said) spin-off/ IPO of IDT's Net2Phone division. With the
way these Internet companies are climbing, sometimes on mere speculation that they
will later become an Internet business, IDT shares have seen a heavy jump in both
volume and price. We have consistently recommended IDTC from its fall to $9
and still believe it is an excellent buy at its current price. Shares have reached as
high as $35 in the last few days, and should return to those highs shortly. Tuesday's
Nasdaq decline should allow us to get in between under $27, from which we will
hold at least until the Softbank deal is announced. Once the deal is done, investors
will see IDTC's Internet potential (from the spin-off) and the stock could really soar.
There is much more potential good news on the horizon, like one or more corporate
investors (possibly AOL), which we will address as things unfold. We know you
do not like when we say "buy under," but IDTC could pullback even further in the
morning (maybe as low as $25), and we would rather watch it in order to get a good
price. You should do the same.

Long IDTC and waiting for the run like the fun we've been having on the brokerage houses!!!!! Go IDTC.

Glenn
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