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

To: carreraspyder who wrote (30820)	11/26/2007 5:40:37 PM
From: carreraspyder	Respond to of 30916

altice award = $32.5 million U.S. (fyi, idt refused to consider the potential of this award in 'determining' its offer for ntop shares, though Courter in his blurb re the Altice award has now said: “We are pleased that the arbitration panel has validated what we knew to be the proper reading of our agreements with Altice,” said Jim Courter, CEO of IDT. “Our pursuit of the matter shows that, as IDT’s operations grow in geographic and operational scope, we remain committed to protecting our legal and contractual rights.”). ;(current) preannounced dollar costs affecting report of 'earnings; for idt for this quarter: 1) On September 19, 2007, IDT Corporation (the “Registrant”) and 520 Broad Street Associates, L.L.C. (the “Seller”) entered into a Sale Agreement (the “Agreement”) for the purchase of the Registrant’s main office building located at 520 Broad Street, Newark, New Jersey, 07102 (the “Premises”) in exchange for approximately $22,821,000 in cash and the assumption of the remainder of the existing mortgage on the Premises in the approximate amount of $27,179,000 for a total purchase price of $50,000,000. On October 17, 2007, the Registrant and the Seller entered into an Amendment to the Agreement which extended the date by which the Registrant had the unilateral right, in its sole discretion, to terminate the Agreement for any reason. On November 7, 2007, the Agreement was further amended, providing, among other things, that, subject to limited rights of termination, the Agreement is binding on the Registrant. 2) We reached a settlement with respect to our previously disclosed litigation with Aerotel with respect to alleged patent infringement. The settlement provides for a payment of $15 million in cash to Aerotel, which we have paid in the first quarter of fiscal 2008, and making available to Aerotel calling cards or PINs over time with potential termination costs of up to $15 million, subject to certain other conditions. In connection with this settlement, we accrued an expense in the fourth quarter of fiscal 2007 that is included in the Prepaid Products selling, general and administrative expenses. ** imo