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: Spartsker who wrote (8139)	5/20/1999 10:36:00 PM
From: Jimbo Cobb	Read Replies (1) of 30916

The $50 Million figure is the rough estimate of how much money will be raised in the IPO (say 5 million shares * $10 a share or whatever the numbers really are)....this is just a fraction of the overall number of shares for Net2Phone....The market cap of Net2Phone would be much, much higher than $50 million if they actually raised $50 million by selling a fraction of the stock in an IPO....IDTC would still own most of IDTC after the IPO plus they would have the $50 million in cash... I think you are only counting the $50 million in cash... Jimbo.

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