To: Hawaii60 who wrote (11315 ) 7/14/1999 12:50:00 PM From: blankmind Respond to of 30916
thanks for the article and here is the relevant part. also nice to see ipo could be next week and we still have not heard about snap:Net2Phone Net2Phone's (NTOP: news, msgs) $66 million IPO with underwriter Hambrecht & Quist is expected to roll next week, said CommScan Analytics. The company set a price range of $10 to $12 per share in a recent filing, which also detailed new strategic partnerships with Compaq (CPQ: news, msgs), Ziff Davis's (ZD: news, msgs) ZDNet and General Electric (GE: news, msgs) units NBC and Snap.com. A Compaq spokesman said he would comment later Wednesday afternoon about a Web site that offers Net2Phone software to buyers of its computers overseas. A spokesman for IDT (IDTC: news, msgs), the parent of Hackensack, N.J.-based Net2Phone, confirmed that the Web site is active. The company declined further comment. In its filing, Net2Phone said its software is featured as a download from a special Compaq Web site accessible directly from the Compaq-branded keyboard. The software may be pre-installed on Compaq-branded computers distributed internationally and may be included with their other products, the company said in the filing. "That could be big," said Jefferies & Co.'s Gregory Miller said of the relationship with Compaq. Snap.com, a unit of Net2Phone investor General Electric, will display Net2Phone as its preferred Web telephony service. NBC will also pitch in about $1.5 million in media support for Net2Phone. The moves follows comments in May that GE was eyeing Net2Phone deals for its properties. See related story. Net2Phone's Web-based Internet telephony service will be integrated throughout the ZDNet Web site.