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

To: James Overko who wrote (924)	9/6/2000 6:03:56 PM
From: James Overko	Read Replies (1) \| Respond to of 1556

CNBC.com today!!!! Net2Phone Inc. {NTOP} Hackensack, N.J.-based Net2Phone was one of the first companies to allow consumers to make cut-rate calls to any phone in the U.S. using their computer. The company was founded in 1997 as a subsidiary of long-distance carrier IDT Corp. {IDTC}. More recently, AT&T led a consortium of investors who are pumping an additional $1.4 billion into the firm, with about $300 million of it coming from AT&T. "Net2Phone has partnerships with some of the biggest brands out there," Houlton says, referring to deals the company has with firms such as AT&T, Microsoft Corp. {MSFT} and Yahoo! Inc. {YHOO}. "They are in a leadership position, and have plenty of capital to expand operations and fend off losses in the near term. That minimizes the downside risk." Houlton has a "strong buy" rating on the stock, along with a 12-month price target of 81. She says the company’s hybrid approach, which uses both personal computers and old-fashioned telephones, makes it a classic example of an IP-telephony bridge technology. Net2Phone 52-week stock performance chart "The fact that AT&T is willing to pay $75 a share and buy 4 million shares really validates voice over IP," adds Richard Juarez, an analyst at Robertson Stephens, in San Francisco.