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Technology Stocks : IDT *(idtc) following this new issue?*
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To: Jules B. Garfunkel who wrote (8105)5/20/1999 7:31:00 PM
From: Stitch  Read Replies (1) of 30916
 
Jules,

Thank you for the post re: your call to IR. It confirms what I had felt all along but has been somehow missed by many here. I think it is in IDTC shareholder's interest not to have widely dispersed subscriber shares allocated. The reason is simple. The average investor (most of us here I suspect) simply will not resist the temptation of flipping the stock on opening day. That practice will take the wind out of the sails of any IPO if too many shares are in the hands of unrestricted holders. Question: Did IR share any schedule plans on the roadshow with you?

In any case, did anyone happen to notice that EToys quadrupled on their first day today? I do not think NET mania is over at all.

Best,
Stitch
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