Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Northern Cougar who wrote (41094)	5/19/1999 11:45:00 PM
From: Internet Jones	Read Replies (1) of 120523

First call says IDTC reports June 1st, not May 21st. What is the correct date? Maybe we aren't seeing the earnings run up yet. Last report for second quarter ended Jan. 31, 1999 was March 3, 1999. Revenue increased 126%. If Net2Phone IPO results in $1 billion market cap for Net2Phone, then IDTC's 66% ownership of Net2Phone will be worth $660 million, or $20 per share for each of IDTC's 33 million shares outstanding. What is the other business, with a run rate of about $640 million per year in revenue, worth? Market now capitalizes it at about $30 per share, for a market cap of about $990 million. So the IPO is the rabbit out of the hat - instant market capitalization for the parent company. When is the IPO?

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