More re IDTC: I'm very curious why this one hasn't taken-off in view of the recent "free service" announcement (last night's post siliconinvestor.com AND the following other two items -- one PR from TODAY on a new DSL deal, and last week's report on financial results (both copied below). Would be very interested in any comments...
Vagabond
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1) Tuesday December 21, 8:34 am Eastern Time
Company Press Release: IDT Forms Alliance With ePhones.com To Sell DSL Service Nationwide
HACKENSACK, N.J.--(BUSINESS WIRE)--Dec. 21, 1999--IDT Corp. (NASDAQ:IDTC - news) is pleased to announce that it has formed an alliance with ePhones.com to sell IDT's High Speed Internet Access or Digital Subscriber Lines (DSL) Service throughout the United States. IDT is a multinational carrier, long distance telephone company and Internet service provider. The Fremont, California based ePhones.com is a leading communications services retailer both online and with a network of retail stores throughout the states of California, Washington and Utah.
``We are very excited about IDT's alliance with ePhones.com,' said Jim Courter, IDT President. ``We needed an extensive distribution channel, as well as a strong marketing presence on the West Coast. ePhones gives us both.'
``We are pioneering a new distribution channel for high speed Internet access with our new relationship with IDT,' said ePhones.com Chairman and CEO Michael Merrill. ``This agreement gives our customers the ability to research, compare and purchase the best high-speed Internet connections for their needs through our online and retail stores.'
ePhones.com offers the widest selection of wireless communications services available online, including: cellular and PCS phones, accessories, pagers, wireless modems, long distance, DSL, T-1 and information services.
``ePhones.com has an excellent track record in several similar product types and we are very confident of outstanding sales results from their large and well trained sales force,' added Gene Corrado, Vice President of IDT's Dedicated Internet Access division.
IDT is a leading multinational carrier that combines its position as an international telecommunications operator with its experience as an Internet service provider to provide a broad range of telecommunications services to its wholesale and retail customers worldwide. Through its own national telecommunications backbone and network infrastructure IDT provides its customers with integrated and competitively priced international and domestic long distance, pre-paid calling cards, Internet access and digital subscriber line (DSL) service.
ePhones.com is backed by U.S. Venture Partners, Alta Partners, and Alta Communications and is privately held.
This press release contains forward-looking statements within the meaning of Section 27A of the securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Except for historical information, all of the expectations and assumptions contained in the foregoing are forward-looking statements involving risks and uncertainties. These statements refer to our plans to implement our growth strategy, improve our financial performance, expand our infrastructure, develop new products and services, expand our customer base and enter international markets. The forward looking statements also include our expectations concerning factors affecting the markets for our products, including the demand for long distance telecommunications, and Internet access services. These forward looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the results that we anticipate. These risks and uncertainties include, but are not limited to, those risks discussed in this release. In addition to the factors specifically noted in the forward looking statements, other important factors that could result in those differences include (a) general economic conditions in the telecommunications and Internet markets, including inflation, recession, interest rates, and other economic factors;(b)casualty to or other disruption of our facilities and operations; and (c)other factors that generally affect the business of telecommunications,Internet and other communications companies. We assume no obligation to update these forward looking statements or to update the reasons actual results could differ materially from the results anticipated in the forward looking statements.
Contact: IDT Corporate Communications
Gil Nielsen, 201/530-4002
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2) (COMTEX) IDT Reports Consolidated Results for First Quarter 2000; Including Net2Phone Results, Company posts record $283.4 million in Q1 revenues and Net Income of
$24.4 million
HACKENSACK, N.J., Dec 15, 1999 (BUSINESS WIRE) -- IDT Corporation (NASDAQ: IDTC) today reported consolidated results for the first quarter of its fiscal year 2000, the three months ended October 31, 1999. On a consolidated basis, revenues increased 113% from the year-ago figure, to $283.4 million (net of intercompany revenues) and net income, including a gain arising from the Net2Phone IPO, was $24.4 million or $0.67 per diluted share. The company's consolidated cash position was $204.8 million at October 31, 1999.
Investors are encouraged to visit the recently expanded Investor Relations section of IDT Corporation's web site
(www.idt.net/copro/ir.htm), which contains company information, frequently asked questions, downloadable financial tables and other informative content. |
