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

To: kennbill who wrote (12771)	8/5/1999 4:12:00 PM
From: Andrew H	Read Replies (1) \| Respond to of 30916

SlamDunk >>My thought is that the conversion option would make tons of sense (and $$$) if he knew there was a buy-out of IDTC that would make his conversion shares worth a lot more... now, wouldn't that make sense to you??<< Absolutely, except I would think of it more as a HEDGE against that possibility than him knowing that a buyout was in the offing. What surprises me is that IDTC management would acquiesce to this. I have heard, however, that this sort of option was part of a previous contract with Sobel and needed to be carried over for legal reasons. However, such a buyout would have to be in excess of 45/share for IDTC with NTOP at 15 for it to become worthwhile for Sobel. Does anyone know the exact number of IDTC share that Sobel has options for?