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

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To: Peter Yang who wrote (7420)5/7/1999 1:37:00 PM
From: Andrew H  Read Replies (1) of 30916
 
2 posts from Yahoo about talk with IR:

>>T5alk with IDTC-IR
by: orphil 61573 of 61634
Main issues about my conversation with David Branson - dept IT :

1. earnings release : 1st week of june
2. no comments about bondholder issue due to "expiration"
3. IDTc is now in a process of "promptly buyback of the bonds"
4. other "major events" are directly connected to the bondholder issue and will finally come on the surface once the bondholder issue is defenitely and 100% executed.
5. the word "prompt" was explained as within the next days (NOT WEEKS) follwing on the expiration deadline (which is over now)
6. business in general is showing strong growth with a very strong customer demand ; he could not make concrete comments about earnings due to upcoming earnings release
7.the ISP part of the business : also some major developments are currently in the works and will be commented in the near future
8. Alliances and partnerships : he was saying something about at least 2 other term sheets that are closed.

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My feelings about IR conversation
by: orphil 61592 of 61636
I have a strong feeling that "they" (management/IT/CI with the term sheet/underwriters) are currently in a very delicate stage of the process, meaning that they are not allowed to comment or suggest anything a related to the spin off.

David was NOT, I repeat NOT leaving any doubt about the spin off NOT HAPPENING.
He was clearly specifying that the bondholder issue expired and IDTC is now prompt and accurate doing the closing procedure.
In terms of time, he clearly emphasised the dimension "days" and NOT weeks.
ONE THING WHICH IS CLEAR : THE HOUNDS WILL BE RELEASED IMMEDIATELY AFTER THE BONDHOLDER ISSUE (PAPERWORK) IS FINALISED.

IM Personal O: the ducks are in a row > the whole framework is ready/done/finalised related to CI, Spin off, huge deals, underwriters.

IMO : we can expect the masterplan to be revealed BEFORE the earnings, positive earnings release will only be part of the list of positive news released at that time <<

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