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

To: neverenough who wrote (914)	8/20/2000 9:17:18 AM
From: James Overko	Respond to of 1556

ATT owns 34% MSFT has contracted for large scale service AOL owns 5 million CISCO is forming partnership ---stock price is going to the MOON!!! Net2Phone Climbs 26% on Report of Venture With Cisco (Update2) By Scott Lanman Newark, New Jersey, Aug. 18 (Bloomberg) -- Shares of Net2Phone Inc., which sells telephone service using the Internet, rose 26 percent on reported plans to form a new company with Cisco Systems Inc., the No. 1 maker of Internet equipment. Net2Phone shares rose 6 5/8 to 32 1/16. Cisco climbed 1/16 to 63 1/2. The Cisco-Net2Phone venture would develop a product called a gateway that combines hardware and software to convert voice, fax and data traffic to be sent over high-speed data networks, CNBC reported, citing unidentified sources close to the companies. IDT Corp. would probably own about 20 percent of the venture, with Cisco and Net2Phone holding 40 percent each, CNBC said. ``Anytime you do something with Cisco in this area, it definitely helps'' the company's valuation, said Alan Loewenstein, co-manager of the $2.8 billion John Hancock Technology Fund, which holds about 300,000 shares of Net2Phone. Tom Galvin, a spokesman for San Jose, California-based Cisco, said the company doesn't ``comment on rumors and speculation.'' Net2Phone spokeswoman Sarah Hofstetter said ``there's no comment from the company.'' AT&T officials couldn't be reached immediately to comment. The report comes a week after AT&T Corp., the largest U.S. long-distance and cable-TV provider, invested $1.4 billion for a 32 percent stake in Newark, New Jersey-based Net2Phone. Possible Spinoff AT&T bought most of its stake from Net2Phone parent IDT. IDT President James Courter said in a March interview that Net2Phone had been looking to spin off its equipment division, which makes the proprietary gateway boxes that power the service, into a separate company. The agreement with AT&T permits that spinoff, he said. Courter and IDT Chairman Howard Jonas couldn't be reached immediately to comment. IDT spokesman Gil Nielsen said he wasn't aware of the venture. IDT shares rose 1/2 to 41 1/16. ``To have AT&T and Cisco as (Net2Phone's) partners definitely tells you that their technology does work and that the revenues will follow as it's implemented,'' fund manager Loewenstein said. Rivals for the gateway product include Lucent Technologies Inc., Nortel Networks Corp., 3Com Corp. and Clarent Corp., CNBC said. Cisco has formed several joint ventures this year to boost sales of its data-traffic switches, routers and other products. In June, Cisco and General Electric Co. formed a venture that will sell factory-automation services, consulting and computer software that enables remote offices to monitor plants electronically. In March, Cisco and Cap Gemini SA, Europe's largest computer- services company, said they're teaming up to sell and service Internet and telecommunications systems.

To: neverenough who wrote (914)	8/20/2000 9:22:13 AM
From: James Overko	Read Replies (1) \| Respond to of 1556

Bongabong: not pie in the sky --If news is verified by CISCO my 20-30 points is based on cISCO disclosing this deal as true: -- logical reasons for the big jump when this happens-- 1- small stock float 16 million -- when you have millions of investors excited and a small float --wow -- 2- exposure to millions of stock holders of CISCO when the news is finalized 3-- the balance sheet has no debt and 10$ a share 4- YHOO AOL MSFT ATT and now CISCO have endorsed the technology