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Technology Stocks : IDT *(idtc) following this new issue?* -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (9117)	6/9/1999 9:01:00 PM
From: Hawaii60	Read Replies (3) \| Respond to of 30916

IDT missed the q because of expenses related to ramping up net2phone for its IPO. I don't care what anyone says. What excuses etc. THAT, is what happened. In fact HJ admitted as much in the cc when he said that when the net2phone IPO was completed certain large recievable would be reimbursed to IDT. This is a silly aregument. Gross income was up over 20% q to q. Margins increased. So how is it possible for thwem to have missed the q ? They spent a ton of money on advertising for net2phone and the ISP and they hired a ton of people to handle the new busines. I think it was a necessary and prudent expense and simply means we are going to look REAL good in the core business after the spinoff.