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

To: 613 who wrote (10793)7/8/1999 11:48:00 AM
From: Steve Fancy  Read Replies (1) | Respond to of 30916
 
The big banks and big names are the only reassuring factor to me, and the only reason I may give it another day or two. However, if some question of bad ethics comes from all this, it could severly hinder an already damaged credibility factor. We don't know the terms of many of the deals IDTC has been lining up. They could be giving the house away to establish a name. Why would they be selling stakes to the big guys at $3 a share, and at those prices what do the big guys have to lose? Do they feel $3 is fair value? If not, how about twice that? Seems that perhaps they weren't willing to pay much. Further, don't think we've seen any endorsements or comments good, bad or otherwise from the big guys.

sf



To: 613 who wrote (10793)7/8/1999 11:56:00 AM
From: Peter Yang  Respond to of 30916
 
Not to mention GE, AOL, and Softbank, what about those bankers who provided the $150 million loan to IDTC to buyback the bond a few months ago. If there's any doubts with IDTC, would those bankers still lend the money to IDT?

I think the timing of the article was calculated. The author might not have any positions in IDTC, but he is hungry for stories. Some shorts might provide him the info make him believe that it's a BIG deal, which is actually not.


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