IDTC <<<<<-------Mr. Big is in. Reports earnings soon...
IDT Corporation (IDTC) will announce Q3 1999 earnings on the morning of Thursday, June 3rd. The last earnings report that came out on 3/3/99 showed revenues of $160.7 million in the quarter, an increase of 126% over the same quarter in 1998, and 21% above Q1 1999 revenues. EPS was .06. Not only is IDTC showing impressive independent growth, but they also own 66% of Net2Phone (NTOP), an Internet telephony service provider that recently filed for IPO.
Net2Phone has some impressive investors backing it up with Softbank (which has large holdings in Yahoo, Geocities, E*Trade, ZDNet, and many other internet companies) owning 10.8%, AOL owning 5.4% and GE Capital (which just formed NBC Internet with Xoom.com, NBC, and Snap.com) owning 5.4%. Additionally, NTOP had inked several key deals in the last three months, including:
3/9/99 - Signed a deal to offer an affiliate program for 3.5 million Geocities homesteaders to act as sales representatives for Net2Phone services.
3/10/99 - Signed a multi-year agreement with Netscape to have Net2Phone services bundled on Netscape's browser (an icon on the Netscape Navigator Personal Toolbar) and prominently featured on Netscape Netcenter.
4/5/99 - Prodigy announced they will soon offer Net2Phone services to their customers.
4/6/99 - Signed an agreement with InfoSpace.com to enable one-click dialling by integrating Net2Phone technology into InfoSpace.com white and yellow page directories (which includes all white and yellow page listings in Netscape Netcenter, the Microsoft Network, the GO Network, and Xoom.com).
5/3/99 - Signed a deal with ZDnet to feature Net2Phone services in a new ZDNet communications center and Net2Phone will be the preferred Internet Telephony provider throughout ZDNet websites.
NTOP Internet telephony software will also be integrated into Excite's international Web sites, and negotiations are going on to integrate NTOP services into Excite's U.S. Web sites. Possible deals with companies including Snap.com, @Home & AOL, the GO Network, and Yahoo! may also be in the works. |
