Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Smear_campaign who wrote (16326)	11/4/1999 8:57:00 PM
From: DavidH	Respond to of 30916

Surly I haven't missed something here. IDTC files 10K freeedgar.com

To: Smear_campaign who wrote (16326)	11/4/1999 9:27:00 PM
From: wl9839	Respond to of 30916

My $.02 on the new S-1: 1) I think the filing of the S-1 is a great event for both NTOP and IDTC. NTOP needs capital to grow its business, infrastructure and strategic alliances. Bank borrowings would be too expensive and the terms too onerous for a company as new as NTOP. Equity raised at premium prices is great. 2) Although investors who think low float gives a stock an intrinsic value, I do not so believe. I think greater liquidity for NTOP will eventually attract more long term investors (like funds) and make the stock a more valuable currency. Further, this offering will provide better grounding for the market's valuing of NTOP. 3) Although IDTC will retain voting control of NTOP after the offering, this is a significant step towards a hopeful eventual passage of control of NTOP into unaffiliated stockholders hands. 4) For IDTC, $100 million (plus?) would give the Company a lot of capital to start new initiatives that could be grown into successful spin offs or be used to eliminate bank debt. 5) The filing of an S-1 in my opinion very much justifies and explains fully the silence of the Companies over the last few weeks-NTOP could not comment due to imminent filing and IDTC as controlling shareholder should, as a conservative measure, follow this non-disclosure policy. This is reinforced by the Terra Network filing as I am sure if more is brewing with TEF, IDTC does not want to appear in any way as jepoardizing the offering with any action that could be alleged as gun jumping in nature. 6) The new initiatives with Priceline, ATT Network and others are exciting and will provide endless opportunities for speculation and personal attacks on the Yahoo board (LOL). For those who care-I would like to put to bed a myth seeming to be created on the Yahoo Board-i.e. that there is possibly a corporate investor who has or will buy the deal at $53.25. First, under SEC rules a registrant (NTOP) has to pay a fee based on the value of the offering-for an IPO this is the underwriter's estimated range, for a publicly traded company, it is the average price of the shares as traded a date near the filing, in our case an average trading value of $53.25 on 11/1/99. Secondly and more importantly, if NTOP has agreed to sell any shares or set aside any shares in the offering, this must be disclosed-something I have not seen in the S-1. Refer back to NTOP's S-1 for the IPO where it was laid out in great detail who got shares at the offering price etc. As I said above, items 1-6 are IMHO (so feel free to heap abuse upon me). However, the preceding para on CI is a fact jack! NTOP would not be precluded from entering into such an arrangement with a CI, but it will have to be disclosed prior to going effective. Regards, WJ

To: Smear_campaign who wrote (16326)	11/5/1999 3:50:00 AM
From: Herschel Rubin	Read Replies (1) \| Respond to of 30916

This Individual Investor Article offers some compelling valuation comparisons vis-a-vis IDTC/NTOP as of August 26, 1999. fnews.yahoo.com The article is even more relevant today, now that IDTC trades at $20 (vs $30 when the article was written) and, per the S-1 filing, IDTC will convert some of NTOP holdings into very liquid CASH: ________________________________________________________ Internet: Is Net2Phone Too Expensive or IDT Too Cheap? ... But if you like Net2Phone, you have to love IDT Corp. (NASDAQ:IDTC - news) , which still controls 57% of Net2Phone. At a recent $30.50, IDT is valued at $734 million. But IDT's stake in Net2Phone is worth $2.45 billion. I'll repeat that in case you missed it. $734 million IDT is sitting on a $2.45 billion asset. IDT, for its part, has a nice little telecom business that has been steadily ramping up. And recent deals with Northpoint Communications (NASDAQ:NPNT - news) and Spain's Telefonica de Espana (NYSE:TEF - news) should help keep up the sizzle for some time to come. Bottom Line: Net2Phone may rise or fall in the weeks to come. But shares of IDT now look like a raging bargain. ________________________________________________________ End of Individual Investor Article...