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

To: blankmind who wrote (13216)	8/19/1999 10:32:00 PM
From: blankmind	Read Replies (1) \| Respond to of 30916

must read summary of idtc and for the full report visit: boardwatch.internet.com IDT HISTORY IDT?s founders started in the Internet business by hosting conferences of the International Internet Association (IIA), an organization that attempted to offer free Internet access before affordable dial-in access was widely available. The IIA was much more successful than anyone imagined, and it soon began to consume a large amount of time, money, and hardware. To keep the IIA going, IDT?s founders started Internet Online Services, its first commercial Internet service. IOS started out small, with a handful of dial-up lines in Hackensack, New Jersey, but soon expanded to POPs in New York City and Highland Park, New Jersey. By the beginning of 1995, IOS began to grow and offered its first leased-line connections for business customers. Through 1995, the company added POPs, modems, servers, and backbone connections. The name changed from IOS to IDT Internet Services. IDT (NASDAQ: IDTC) has since grown into a national provider of international and domestic long-distance telephone, Internet access and global Internet telephony services. At age 33, IDT founder and CEO Howard Jonas discovered a way to supply the world with a U.S. dial tone and cheap international long distance rates. His tiny International Discount Telecommunications Corp. helped create what the company claims is now a $1.3 billion dollar a year industry ? international ?call-back? telephone service. This technology allows anyone around the world to bypass the high costs of placing international calls from countries outside of the US. Callback gives the caller the ability to make an international call as if calling from the U.S.; thus kicking in lower rates. As IDT added more and more Internet customers, it looked into developing a ?real? backbone and started with T-1 links connecting its POPs and a connection to MAE East in Vienna, Virginia. By the end of 1995, it had over 30 POPs covering the New York City metro area; most of New Jersey; Philadelphia; Houston; Washington, DC; Phoenix; and Los Angeles. The company also had over 150 POPs through its alliance partners ? local providers who leased space to IDT until IDT installed its own POPs. The company began aggressively marketing its leased-line services. On the backbone side, it grew from a T-1 based backbone to a 10 Mbps, fully-meshed, ATM backbone and began to multi- home to improve network performance and fault-tolerance. IDT?s initial public offering in March 1996 provided capital for expansion. IDT experienced hyper-expansion throughout 1996, growing to own almost 90 POPs. It began to outgrow its backbone and started a migration to a fully-redundant T-3 backbone. By the beginning of 1997, it had completed its T-3 backbone, and had connections and peering at MAE East, MAE West, Sprint New YorkNA, and Ameritech Chicago NAP. On April 16, IDT and Cable & Wireless PLC announced an agreement to route telephone calls through each others? domestic and international networks. Cable & Wireless began routing traffic through IDT?s network in June. IDT subsidiary Net2Phone released its Net2Phone Direct product in September. With Net2Phone Direct, consumers can make long-distance phone calls that are routed through IDT?s Internet backbone for a fraction of the cost of telco long-distance calls, the company says. The service is available locally in Chicago, but consumers can place one free, long-distance phone call to test the quality of IDT?s network by dialing (800) 225-5438 (CALL-IDT). On February 3, Orion Network Systems Inc. of Rockville, Maryland, and IDT announced that they formed an alliance to provide satellite-based telecommunications services in major international markets. Orion (NASDAQ: ONSI) provides satellite-based Internet connections and data services for ISPs and corporate customers. Orion?s satellite network consists of three satellites with the ability to offer communications services to more than 85 percent of the world?s population, the companies said. IDT plans to offer IP telephony services in major international business centers where there is insufficient infrastructure. Today, IDT offers domestic and international telephone service to customers in over 225 countries worldwide. IDT now provides dial-up access to 100,000 customers in 44 states as well as dedicated access to over 500 corporate customers according to company reports. IDT now has a national network providing local dial-up Internet access through 600 points of presence (POPs) and a DS-3 backbone. The company has built its corporate Internet business services, replete with high-speed network, web hosting and Web design services, as well. boardwatch.internet.com