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: Peter Yang who wrote (8431)	5/25/1999 11:03:00 PM
From: Peter Yang	of 30916

An informative post from YAHOO: >>Spoke w/ Howard in IR after the close. by: georgemcelroy I was at a payphone at a extremely busy intersection in Northern California when I made the daily call to my on-line broker (Bidwell) for a closing quote this afternoon (1PM PST). Needless to say, I probably aged 20 years after the news. At that moment, I was so angry that I immediately placed a call to David Branson (using my calling card from the payphone). Unfortunately, David was out of the office so I left a message indicating that I was disappointed in the recent performance of the stock. I also recommended that IDT make a statement (prior to the earnings announcement)that the fundamentals remain sound. I know that Capital One issued a statement such as this when the financial stocks sharply declined back in October. FYI..I have to say I have spoken with David directly in the past and he's a very bright guy and a great addition to the team. Given my past experiences, I would 'assume' that he's thinking the same thing. However, I was so outraged at that moment that I called back and asked to speak directly with Howard Jonas. I was connected to Howard (in IR) and here is a paraphrased version of what he had to say..... Recent Stock Decline do to: 1) Day Trading Activity 2) Margin Calls 3) Overall Market Trends Recent Stock Decline NOT DO to: 1) Company Fundamentals (everything is ok) Howard also mentioned that we will own 66% of the NTOP spinoff (which we know about). I asked if IDT would issue a statement tomorrow AM that the fundamentals remain solid and Howard mentioned that I contact David regarding the idea (which I had already done via Voicemail). Finally, he stated to 'hang in there'. If I had to interpret our discussion 'between the lines' I would guess that mgmt is really 'pissed off' that the stock is being manipulated by day traders & margin calls. Also, I sensed a feeling of confidence that mgmt truly feels that pending announcements & earnings will enhance shareholder value. In closing, it may be good idea to contact David and ask that the company issue a statement to support and stabilize the stock. Also, the recent decline of the stock is NOT RELATED to company fundamentals. PS - I apologize for any typos / spelling errors...I just got home and was anxious to share this info...Feel free to repost on other boards as necessary...I hope this was useful...Thanks....g

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