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

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To: Hawaii60 who wrote (8136)5/20/1999 10:24:00 PM
From: Spartsker  Read Replies (3) of 30916
 
Help me here. IDTC at 26.5 has a market cap of $605.442 MM. The IPO is for $50MM of which IDTC has 66% = $33MM. This represents approx 5.5% of the market capitalization. The way I figure that is about $1.5/share. Am I missing somthing. Please enlighten me to the greater value.
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