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

To: md1derful who wrote (13487)	8/25/1999 2:02:00 PM
From: gerard mangiardi	Respond to of 30916

He's just trying to save the redoubtable mr pink. More to the point is that we are up 2.5 and ntop is up 15. The discount grows every day. IMO the momentum behind ntop will keep the stock above 50 for quite a while. Once again a big percent of the float has turned over today even if we ascribe most of the reported volume to long and short daytraders.

To: md1derful who wrote (13487)	8/25/1999 2:02:00 PM
From: Augustus Gloop	Read Replies (1) \| Respond to of 30916

Someone please PM me the HG write up.

To: md1derful who wrote (13487)	8/25/1999 2:13:00 PM
From: blankmind	Respond to of 30916

let us see (hg article below), tscm down to 19 from a high of 70. i bet those who listened to hg and did not purchase idtc or ntop must be renewing their subscriptions as i type. i would guess the rise in idtc and ntop will not be helping cramers hedge fund. this would appear to be one last gasp by the hoards of shorts hoping to salvage a smaller lost. hg never goes into idtc's core isp business with over 100k users or the recent telefonia deal or portals, or.... cover now before the big boys start a squeezing. Extra The Plot Thickens as Wall Street Plays Its Games With IDT/Net2Phone By Herb Greenberg Senior Columnist 8/25/99 1:08 PM ET messages.yahoo.com Don't forget to check out this morning's regular installment of Herb on TheStreet. Yesterday was the first day that analysts of the three firms that took Net2Phone (NTOP:Nasdaq) public could recommend the stock. Not surprisingly, all of them recommended the stock, and at midday Wednesday the stock had accordingly put in a 66% gain over three days. (Monday's gain came amid rumors the analysts would recommend the stock.) Just one problem: IDT (IDTC:Nasdaq) (yes, that IDT, the telecommunications company that's no stranger to this column) owns 27.2 million shares, or 57%, of Net2Phone. So, something the analysts didn't tell you (tsk, tsk): If you really want to own Net2Phone, you should buy IDT -- assuming, of course, you think IDT is worth owning. (Go back and read this column's previous coverage, do some additional homework, scan through the cultlike postings on the IDT message boards and make your own decision on IDT as an investment!) Put another way, 0.77 Net2Phone share underlies every IDT share. That means if you believe Net2Phone is worth, say, 58, then IDT is worth around 45. But, hey, before you go rushing out to buy IDT as a proxy for Net2Phone, you might want to familiarize yourself with dELiA*s (DLIA:Nasdaq) and its Internet spinoff, iTurf (TURF:Nasdaq), and Ziff-Davis (ZD:NYSE) and its Internet spinoff, ZDNet (ZDZ:NYSE). In both cases, Wall Street initially bid up the parent and the spinoff. Then investors in the spinoff realized what fools they were and the stocks of both collapsed. As I write this, Net2Phone is trading at 62. Does anybody care that the analyst for Deutsche Banc Alex. Brown -- an underwriter on the deal -- initiated coverage with a fourth-quarter 2000 price target of 50 to 52? Apparently not, because in the last two days, the number of shares outstanding of Net2Phone has been bought and sold four times. (Calling P.T. Barnum!) And while we're on the topic: Anybody ever use Net2Phone's service, which allows you to place a call through your PC over the Internet to another telephone, using a microphone on the PC as a mouthpiece? I have a friend who has the service. Each time he calls using it -- I swear! -- I can't ever understand a word he's saying. And he uses a T-1 line! Imagine what it must sound like over a regular phone line.