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Technology Stocks : Net2Phone Inc-(NTOP) -- Ignore unavailable to you. Want to Upgrade?

To: SteveG who wrote (862)	1/5/2000 3:02:00 AM
From: 2MAR$	Read Replies (2) \| Respond to of 1556

Net2Phone in Web phone pact with Panasonic - WSJ NEW YORK, Jan 5 (Reuters) - Internet phone company Net2Phone Inc. <NTOP.O> and Panasonic Consumer Electronics Co. are planning to launch a line of telephones that feature a special button to connect to Internet phone networks, the Wall Street Journal reported. In its Wednesday electronic edition, the Journal said the pact, expected to be announced Wednesday, could widen the reach of Internet calls by making it easier for consumers to dial into the lower-cost Internet networks. Until now, companies such as Net2Phone have been able to get callers onto their service only by registering them online and asking them to dial special access numbers. Internet calls routed from computer to computer generally do not require such a code. The agreement with Panasonic calls for a new line of "One Touch" cordless phones that will allow consumers to choose between their regular long distance service and Net2Phone by pressing an Internet button on the phone, the Journal said. It will be the first Internet-enabled telephone introduced by Panasonic, one of the world's largest phone manufacturers and a unit of Japan's Matsushita Electric Industrial Co. Ltd. <6752.T>, the paper said. The phones are expected in stores by May with a price tag of $70 to $80, the paper said. Net2Phone, Hackensack, N.J., which went public in July, has recently signed a string of agreements to widen the availability of its service with companies ranging from America Online Inc. <AOL.N> to 1-800Flowers.com Inc. <FLWS.O>. AOL is one of Net2Phone's biggest investors. ((New York Newsdesk 212 859-1700)) REUTERS * end of story *

To: SteveG who wrote (862)	2/8/2000 4:23:00 AM
From: SteveG	Read Replies (2) \| Respond to of 1556

H&Q's Dave Levy on Feb 7: Net2Phone is the leading provider of Internet telephone services to businesses and consumers. The company offers products and services that allow users to make high-quality, low-cost calls from telephone-to- telephone and from PC-to-telephone. Most importantly, the company brings live voice communication to the Web. Compelling Valuation Net2Phone shares have been under pressure recently, which we believe is the result of concerns regarding the end of the stock lockup period (which ended on January 25) for IDT and other major shareholders. While some insiders have monetized a small portion of their holdings, we do not believe that management is interested in selling substantial equity at these levels. Furthermore, we believe that any pressure related to such selling or concerns over insider selling has presented investors with a buying opportunity. As a result of the recent share price decline, NTOP shares currently trade at 14x 2001 revenue, compared to 20x for the peer group, which includes deltathree, iBasis, ITXC Corp., and Mpath. Historically, the stock has traded at a premium to the group. Given what we believe is a full pipeline of forthcoming distribution deals as well as Net2Phone's leadership position, we believe that NTOP shares could regain a premium valuation. Our rating on Net2Phone remains Buy. Conclusion Net2Phone's robust financial performance and growing roster of Web partners reflect the popularity and increasing ubiquity of the Net2Phone service. We believe Net2Phone has locked up significant Internet real estate that will provide the company with increased minute volume and additional customers. Additionally, we are encouraged by management's proactive approach to providing Web-based services like unified messaging to augment minute-based revenue. Furthermore, Net2Phone, in our opinion, is on the cusp of getting a boost in its usage as the service goes live with various AOL Web properties (ICQ, Instant Messenger, Netscape, and CompuServe). We continue to believe that Net2Phone is well positioned to be the de facto standard for voice-enabling the Internet.