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

To: orkrious who wrote (13012)	8/12/1999 5:25:00 PM
From: John Romeo	Read Replies (1) \| Respond to of 30916

Jay, again we see IDT having to continue accepting any losses from NTOP.They own 58% of the shares outstanding and thus will book that rate of gains or losses on their own operating statement and eventually the loss goes into retained earnings. I haven't seen anything or anyone statement stating NTOP will show a profit this or next year. That is the down side of retaining a controlling interest. Also the downside of holding IDT. The other side may say this structure offsets 42% of NTOP losses which is true. I could accept that if NTOP spinoff added any implied value to IDT. They market has spoken and so far the answer is no.