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

To: Augustus Gloop who wrote (9687)	6/21/1999 11:48:00 PM
From: Peter Yang	Read Replies (2) \| Respond to of 30916

I finally got it!!! The reason that IDTC is a great short for those pinkettes is IDTC going to spin off NTOP and every company that had a spinoff had its stock price decimated. In addition, they believe Net2Phone is not working (I'm not going to comment on that since Net2Phone has received so many industry awards and that would explain if it's working or not). The logic appears working and it seems an easy way to make a few bucks. But those pinkettes are ignoring a few facts: 1)IDTC's core business (excluding Net2Phone) grows at a rate over 100% yearly and the revenue will be over a billion $ next year. 2)Net2Phone was a drag on IDTC's earnings. Even IDTC gives away Net2Phone for free, IDTC's price should go up because the instant earning increase ( 12 cents/shr?). 3)NTOP spinoff is not reflected in IDTC's price (at least not fully priced in) at this moment. 4)IDTC is not like DLIA and some other companies. Basically, those companies spun off their core business and what is left is just a shell. However, IDTC is going to spin off a division that was a drag on its earnings at this time. The spin off will enhance IDTC's core business. 5)The value of IDTC's ISP(Internet) division is not reflected in the price at all. They are now working hard to revive and expand this division. Another spin-off is not impossible. 6)The IPO of NTOP is the first in its kind. With support from SoftBank, AOL, GE and some other big shots, the IPO should be a success. Since IDTC owns 66% of NTOP, IDTC's price is going to benefit from the IPO. I would understand why the pinkettes want to short IDTC if IDTC went up over $40 or $50 because of the IPO mania only. But right now, IDTC is under-valued even based on its core business. Well, we'll see who is going to get burnt soon!!!