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

To: Mama Bear who wrote (11222)	7/12/1999 12:47:00 PM
From: Hawaii60	Respond to of 30916

Do you think people are so stupid that they won't look back and see this question answered many times for you already. You are starting to look as silly as Herb. The answer once more is. BT Alex Brown already has credibility. They actually did the due diligence on the company and have gone so far as to publish a seperate note to clients that Herb Greenberg is full of baloney. That means ALOT to investors because they are now responsible and have a lot to lose should they have screwed up their due diligence. Get it? Moore, Kevin M. 410-895-3329 07/09/1999 McQuade, Kathleen M. (410) 895-3303 Deutsche Banc Alex. Brown --------------------------------------------------------------------------- ---- IDT CORPORATION [IDTC] "BUY" Press Article on Lermer Overseas Telecommunications Discussed with Management - Reiterate Our BUY Investment Rating DETAILS: Following the recent article in the "The Street.Com" regarding the relationship between IDT and Lermer Overseas Telecommunications, we discussed the relationship with IDT management. By way of background, Lermer provides IDT with termination and other network services that help insure that IDT has competitive rates to foreign companies. After our discussions, we concluded that there were no apparent material irregularities that would change our investment opinion on the shares of IDT. There were three main points supporting our opinion. First, although Lermer's state charter has technically expired, its operating subsidiaries, with which IDT does business, are all legal entities and the relationships with IDT are all profitable and beneficial to IDT. Second, the payments on the $21 million-$22 million of the $25 MM credit line that is outstanding is current both in principal and interest payments. We do not find this relationship unusual for IDT, which has historically focused on dealings with closely related companies and has in the past leveraged these relationships into acquisitions (i.e. the InterExchange acquisition). We are reiterating our BUY investment rating on the shares of IDT Corp.

To: Mama Bear who wrote (11222)	7/12/1999 3:00:00 PM
From: Peter Yang	Read Replies (1) \| Respond to of 30916

>>No, you never answered the question. The question was: "Why wasn't BTAB's credibility put under the microscope in the same way as Herb G's was, considering the apparent conflict of interest BTAB has in promoting IDTC long'.<< Don't you agree that BTAB has more knowledge of IDTC? The have been following IDTC for a long time and have met IDTC management for quite a few times as well. Since when did Herb G hear IDTC? I remember Cramer said he had never heard IDTC beofore the first article by Herb. Right?