IDT *(idtc) following this new issue?* Message Board

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

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To: oden67 who wrote (7937)	5/19/1999 11:07:00 AM
From: David Wise	Read Replies (1) of 30916

Buy on the rumor, sell on the news. After all, we've seen IDTC go from $18 to over $30 and back down some in 2 or 3 months on speculation. The IPO announcement comes as no surprise. Probably the week before actual IPO the price will get another kick, then post IPO fall way back like ZD after ZDZ. Probably some are disappointed that, unlike MALL, they didn't mention any plans to give shareholders any stock. MALL is another story. Up $7 today after company states they'll issue shares of UBID to shareholders of record on May 24. Actual spin-off June 7. Still a value, since you'll get .7 shares of UBID for each MALL. UBID's at about $48, so you get about $33 worth of UBID for $37 price of MALL. To me MALL is worth almost that much on their own. Now if IDTC would announce that shareholders would get spin off I might buy some.

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