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Technology Stocks : IDT *(idtc) following this new issue?*
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To: Jules B. Garfunkel who wrote (7667)5/16/1999 4:21:00 PM
From: Secret_Agent_Man  Read Replies (1) of 30916
 
Jules, that filing is per Aquisition of Inter-exchange last year, the actual diference between this form and the usual 370K registration is that included is the fact that IDT received the 150mil credit facility and have an additional 100Mil line if needed to make aquisitions, the filing contains all the caveats of an initial filing as done back in 96 and is for IDT not Net2Phone, this is a typical fiiling with the exception that it INCLUDES the 150Mil +100Mil in credit facilities for IDT, the actual registration of shares 370K is per previous agreement due to the aquisition of Inter-exchange and is in the 10Q's... therefore the only new item and reason for the 424B is the credit-facility.

cheers
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