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

To: gerard mangiardi who wrote (13466)	8/25/1999 10:06:00 AM
From: wl9839	Read Replies (1) \| Respond to of 30916

Net2Phone hooks up with Sprint Sprint testing Internet phone calling to Asia By Steve Gelsi, CBS MarketWatch Last Update: 9:41 AM ET Aug 25, 1999 Internet Daily Net headlines HACKENSACK, N.J. (CBS.MW) -- Net2Phone shares surged 10 percent Wednesday morning after the company said it's teaming up with Sprint to test its Internet-base calling technology for long-distance phone service to Asia. "Sprint Callternatives," as the service is being dubbed, targets the market for calls to Hong Kong, China, Taiwan, Vietnam, India, Thailand, and Japan. Net2Phone (NTOP: news, msgs) will create a customer service operation, 24 hours per day, seven days a week, to assist customer inquires in Mandarin, Cantonese and Korean. Net2Phone's billing technology will allow Sprint Callternatives customers to view their telephone accounts in real time from the Net2Phone Web site. Shares of Net2Phone rose 5/38 to 58 1/2 while Sprint's stock gained 9/16 to 46 1/4. See IPO Daily Report. Meanwhile, Net2Phone's parent IDT (IDTC: news, msgs) reportedly has struck up a relationship with Madrid-based phone giant Telefonica (TEF: news, msgs) in an alliance that may have been behind the back of MCI Worldcom. Analysts said the 16-month-old partnership between Telefonica and MCI Worldcom may be on the rocks, but Telefonica officials said it's still in place. IDT (IDTC: news, msgs) said last week it's getting a 10 percent stake in Madrid-based Telefonica (TEF: news, msgs)'s Sam-1 cable connecting South American, Central America and the Caribbean with the United States. IDT shares rose 1 7/8 to 26 1/8. It's also teaming up with Telefonica to market phone service to Latin American consumers in the U.S. See related story. Steve Gelsi is a reporter for CBS MarketWatch.