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

To: Smear_campaign who wrote (18616)	2/15/2000 6:01:00 AM
From: Smear_campaign	Read Replies (1) \| Respond to of 30916

On Bloomberg, regarding IDTC getting shares of AOL vs. cash, look at the last paragraph. quote.bloomberg.com DBAB's Bowen on Possible IDT-AOL-Net2Phone Transaction: Comment By Lisa Levenson Baltimore, Feb. 14 (Bloomberg) -- Michael Bowen, an analyst at Deutsche Banc Alex.Brown, comments on a report from financial news network CNBC that America Online Inc. is in talks to buy IDT Corp.'s stake in Net2Phone Inc. Bowen rates Net2Phone ``buy' and believes shares will reach $70 by year's end. ``When I called (Chief Financial Officer) Ilan Slasky, he had not even heard the rumor yet. He could neither confirm or deny it. IDT owns 48.1 percent of Net2Phone, (which) translates to about 25 million shares.' ``While I don't know whether this is really happening or not, it makes sense. AOL already owns 5.3 percent of Net2Phone. They were involved at the IPO, and given the relationship between Net2Phone and AOL going forward -- i.e., this (ICQ) instant messenger icon (on AOL's browser), it makes sense to drive traffic.' ``AOL wants to control as much (revenue) as they possibly can, so by owning a big piece of Net2Phone, it probably helps them integrate the Net2Phone services within their browser so that would be a positive.' ``I'm thinking they'll have to at least pay a 30 (percent) to 40 percent premium to where (Net2Phone) is right now.' ``I don't think investors were ever going to give IDT full value for their ownership of Net2Phone while it was within IDT, so it makes sense that IDT would want to monetize' its stake. ``I don't think IDT's going to want to own AOL stock; (they're) probably going to want cash.'

To: Smear_campaign who wrote (18616)	2/15/2000 1:37:00 PM
From: Steve Fancy	Read Replies (2) \| Respond to of 30916

Smear, respectfully, I doubt this will raise IDTC's image. In fact I would expect just the opposite when it's all done and over. Kind of proves HJ has been making it up as he goes IMO, and lower's his credibility even more in my mind. I believe the AOL rumor, and suspect it'll drag IDTC higher, kicking and screaming all the way. I suspect the company will not realize intrinsic value of other investments until they sell them as they are NTOP. You have to remember that IDTC has to be one of the most untrusted disliked companies we know. My honest opinion. sf PS: Anyone wonder how an outsider had this information last week<g>?