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

To: musicguy who wrote (10199)	6/28/1999 4:34:00 PM
From: Steve Fancy	Respond to of 30916

I noticed these discrepancies also. If any statistics are in error, a correction should follow. sf

To: musicguy who wrote (10199)	6/28/1999 5:01:00 PM
From: Hawaii60	Read Replies (1) \| Respond to of 30916

Jeffries analyst has been pissed since they were not selected for underwriting.

To: musicguy who wrote (10199)	6/28/1999 5:10:00 PM
From: Andrew H	Respond to of 30916

>>Hmmm first it says "IDT's post-offering stake in Net2Phone will be about 58%, or about 27.2 million shares." and then "Hackensack, N.J.-based IDT provides prepaid calling cards, Internet access and, through its 66%-owned Net2Phone unit, Internet telephony services." What am I missing?<< My take on the above is this: currently IDTC owns about 66% of NTOP. After the IPO, the percentage of ownership to be reduced to about 58%. That most likely refers to the additional 6-8 percent that will be sold to the public, NBC, over alotments, etc.

To: musicguy who wrote (10199)	6/28/1999 11:05:00 PM
From: peter michaelson	Respond to of 30916

MG: IDTC will own 66% before the offering, and 58% after it. IDTC sells 400,000 of its 27 million shares and the new 4.8 million shares dilute its percentage ownership. --------------------- ----------------- Prior to After Prior to After Holders Offering Offering Offering Offering -------------------------------------- ---------- ---------- -------- -------- <S> <C> <C> <C> <C> IDT Corporation(2).................... 27,622,089 27,216,297 66.2% 58.2% 190 Main Street Hackensack, New Jersey 07601 Howard S. Jonas(3).................... 27,622,089 27,216,297 66.2% 58.2% c/o IDT Corporation 190 Main Street Hackensack, New Jersey 07601 James A. Courter(4)................... 27,658,089 27,252,297 66.2% 58.2% c/o IDT Corporation 190 Main Street Hackensack, New Jersey 07601 SOFTBANK Technology Ventures IV, L.P.(5).............................. 4,590,000 4,590,000 11.0% 9.8% 333 West San Carlos Street, Suite 1225 San Jose, California 95110 Gary E. Rieschel(6)(7)................ 4,590,000 4,600,000 11.0% 9.8% c/o SOFTBANK Technology Ventures IV, L.P. 333 West San Carlos Street, Suite 1225 San Jose, California 95110 Clifford M. Sobel(8).................. 3,337,911 3,743,703 8.0% 8.0% c/o Net2Phone, Inc. 171 Main Street Hackensack, New Jersey 07601 America Online, Inc.(9)............... 2,295,000 2,295,000 5.5% 4.9% 22000 AOL Way Dulles, Virginia 20166 General Electric Company Group(10).... 2,295,000 2,295,000 5.5% 4.9% 120 Long Ridge Road Stamford, Connecticut 06927 Howard S. Balter(7)(11)............... 714,978 782,028 1.7% 1.7% David Greenblatt(7)(12)............... 105,840 135,840 * * H. Jeff Goldberg(7)(13)............... 105,840 120,840 * * James R. Mellor(7).................... -- 10,000 * * Stephen A. Oxman(7)................... -- 10,000 * * Raphael S. Grunfeld................... -- -- * * Officers, Directors and Director Nominees as a Group freeedgar.com Before the offering, there will be shares of Net2Phone. After selling