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Technology Stocks : Net2Phone Inc-(NTOP) -- Ignore unavailable to you. Want to Upgrade?


To: PartyTime who wrote (69)7/29/1999 3:55:00 PM
From: Gutterball  Respond to of 1556
 
If we see an upgap tomorrow, we'll also see a lot of shorts praying to GOD. That's why I think it is worth holding over night.

Market is trying to buy back in the last hour of trading... We could see more interest in NTOP tomorrow.



To: PartyTime who wrote (69)7/29/1999 4:14:00 PM
From: Gutterball  Respond to of 1556
 
Cicso Systems VP Tells StockHouse.com Voice Communication Will Absolutely Be Carried By IP; Forecasts Internet Telephony's 30-50% Growth Will Drive Telecom Industry

SARASOTA, Fla., July 29 /PRNewswire/ -- ''Whether the (telecommunications) industry likes it or not, voice is absolutely going to be carried by IP (Internet telephony),'' to the tune of a 30-50% growth rate, predicts Gordon Astles, vice president for Cisco Systems (Nasdaq: CSCO) Americas/International.

Commenting in a StockHouse.com interview on future industry trends and Cisco's role, Astles added that, ''IP being Cisco's focus means that the voice market is coming to Cisco, not the other way around. We have to learn voice, and everybody else has to learn IP.''

The Cisco executive told StockHouse that the Internet explosion -- especially in emerging countries -- should bring the IP market to $200 billion in the next five years from its current level of $130 billion to $150 billion. He noted that half of Cisco's future business is expected to come from service providers as the company positions itself ''to be the worldwide leader of networking for the Internet.''

View the entire interview online at stockhouse.com or, hyperlink to stockhouse.com.

StockHouse Media Corporation owns leading online communities that cater to the Internet's affluent Netizens. Internet financial media service, StockHouse.com, provides breaking news about North American stocks. With over one million visitors per month, StockHouse.com has emerged as a premier, online, global financial content provider.

StockHouse Australia stockhouse.com.au has been nominated the Investment/Financial Site for the Australian Financial Review/Telstra Australian Internet Awards (1999). The AFR/Telstra Awards is the premier competition for acknowledging and celebrating the achievements of Australian talent and expertise on the Internet.

StockHouse Canada is the #1 Canadian financial website, where an estimated 21% of Canadian online investors conduct investment research.

StockHouse maintains offices in the United States of America, Canada, Australia, and Hong Kong.

StockHouse Contact (Media Only):
StockHouse Media Corporation
EMAIL: media@stockhouse.com
WEB: stockhouse.com
SOURCE: StockHouse.com




To: PartyTime who wrote (69)7/29/1999 4:31:00 PM
From: Gutterball  Read Replies (1) | Respond to of 1556
 
I'm sure you guys know Softbank took an equity position in Net2Phone back in February or some where in there.

Didn't see mention of Softbank on the thread. That's why I bring it up.

IMHO, we have Softbank to thank for pushing this IPO to light.

BTW, Softbank and Cisco are thick as thieves in Japan. That's why the Cisco VP was hyping IP telephony #reply-10713289.

BTW2, the sell-off in IDTC was expected. That's the stock to short, not NTOP.

BTW3, we have Softbank to thank for the relationship between ZDNet and Net2Phone #reply-9283254

What I'm saying is that Softbank will push Net2Phone to new and higher levels. Give it time.



To: PartyTime who wrote (69)7/29/1999 4:35:00 PM
From: Gutterball  Read Replies (1) | Respond to of 1556
 
Net2Phone jumps after IPO, bucking market

NEW YORK, July 29 (Reuters) - While U.S. stock markets took a beating, shares of Web telephony provider Net2Phone climbed 36 percent following their $15 a share initial public offering on Thursday, underscoring the continuing appeal of Web-related IPOs.

Hackensack, N.J.-based Net2Phone was last up $11 at $26 on Nasdaq with 14 million shares trading hands. The company raised $81 million in its IPO.

Net2Phone, a unit of IDT Corp. (Nasdaq:IDTC), provides Internet telephony services that allow users to make telephone calls over the Internet at low cost. The firm's software will be embedded exclusively into new versions of the browser of America Online Inc.'s (NYSE:AOL - news) Netscape Communications Corp.

IDT will own about 57 percent of the company's outstanding stock.

Managed by lead underwriter Hambrecht and Quist, Net2Phone priced above its increased, expected price range of $12 to $14, and the shares on offer were raised to 5.4 million from 5.1 million, on a day when the Dow Jones Industrial Average slid more than 200 points on worrisome economic data.

Analysts said the company was the leader in Web telephony and had the potential to change the landscape of how people make phone calls.

''Internet telephony is one of the hot industry sectors. It's a high demand area. We're sitting with a market share leader, albeit it's a small industry,'' said Irv DeGraw, research director at WorldFinanceNet.com.