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

To: snake who wrote (13121)	8/17/1999 5:15:00 PM
From: orkrious	Read Replies (1) \| Respond to of 30916

This should give us a further pop tomorrow. newsalert.com IDT And Northpoint Announce Nationwide DSL Launch to Aid Small and Medium-sized Businesses HACKENSACK, N.J.--(BUSINESS WIRE)--Aug. 17, 1999--IDT Corporation (NASDAQ: IDTC) has announced an agreement with Northpoint Communications to deliver SDSL services to major metropolitan areas nationwide. Already providing SDSL services in the New York-New Jersey area, the two companies have agreed to a major rollout schedule to small and medium-sized businesses across the US by October 1, 1999. DSL (Digital Subscriber Line) uses standard telephone lines to deliver high-speed Internet access more affordably than expensive T1 connections. This is especially welcome news to smaller businesses that desire advanced applications previously available only to larger, T1-equipped companies. Using DSL, customers can realize all the benefits of a dedicated leased line, including instant and unlimited access, at a fraction of the cost. In addition, they can easily migrate to higher bandwidth speeds as their needs mature. With a potential market well over five million, IDT sees this arena as huge and largely untapped, with only 38,000 to 40,000 DSL lines installed nationally. IDT is well-suited to capture a large segment of this market, with over 700 points of presence. Total revenue for IDT's 1999 fiscal third quarter, which ended April 30, was in excess of $191.8 million dollars. IDT, a first-tier, facilities-based Internet Services Provider, offers a full suite of Internet services, including Dedicated Access, Colocation, Long Distance, Web Design and Hosting, and Dial-Up Access. A company known for innovation, IDT recently introduced the industry's first Spanish-language web browser for the Internet. Northpoint Communications is a national provider of high-speed, local data network services. The company markets its network and data transport services to ISPs, broadband service providers, and local and long-distance companies. For more information, visit their web site at www.northpoint.com. According to IDT Vice President of Sales Gene Corrado, the relationship between the two companies has been a good one: "Northpoint is the kind of innovative, forward-looking company we have always worked well with. Their response to all of our inquiries has been immediate and helpful." Adds Senior VP Michael Fischberger, "We look forward to a long and satisfying relationship with Northpoint, and to providing our customers with top-quality service and products." For more information, contact Gene Corrado of IDT Corporation by calling 1-800-DSL-7431, or by visiting IDT's web site at www.idt.net. IDT Corporation is headquartered at 190 Main Street, Hackensack, NJ 07601. Ranked as the 4th most dynamic telecommunications company by Forbes ASAP, IDT Corporation is a leading, emerging, multinational carrier. Combining its position as an international telecommunications operator, its experience as an Internet Service Provider, and its leading position in Internet telephony, IDT provides a broad range of telecommunications services to its wholesale and retail customers worldwide. The company offers its customers integrated, competitively priced international and domestic long-distance, pre-paid calling cards, and Internet access.