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To: Capitalist who wrote (1)3/3/1998 4:15:00 AM
From: kentoo  Read Replies (1) | Respond to of 7703
 
I was at their offices on Olympic Blvd in Santa Monica months ago b4 they were public.
They are definitely a company in business and have that Resound voicemail thing around for years.
Jimmy Chin seems to be a competent businessman and straight shooter.

When was their stock 2.50 and why did it drop ?
Might try daytrade tomorrow.



To: Capitalist who wrote (1)4/5/1998 6:20:00 PM
From: eric larson  Read Replies (2) | Respond to of 7703
 
"Battle Lines Drawn on Net Telephony" (April 3, MSNBC news)

full story: msnbc.com

FCC, Congress considering fees on Internet telephone calls

By Hampton Pearson (CNBC)

WASHINGTON, April 3 - In what could be the beginning of the next regulatory war in the telecommunications industry, the Federal
Communications Commission is preparing a report for Congress that may recommend stiff fees on Internet companies that want to provide low-cost long-distance service.

INTERNATIONAL DISCOUNT Telecommunications, known by its customers as IDT, is one of a handful of companies offering cut-rate long-distance service over the Internet. Customers pay as little as 5 cents a minute for domestic calls and 10 cents a minute internationally. But those rates could climb sharply, and the company's profits could suffer, if the FCC or Congress decides to impose stiff fees on those cheap phone calls...

...A coalition of small long-distance companies is lobbying the FCC to level the playing field by making Internet companies pay the same fees.

"What we need to do is lower such things as access charges even further - lower the cost of universal service," said Robert McDowell and America's Telecommunication Association, "and spread that burden fairly to all users of the local phone network. So that would include long-distance companies and Internet service providers.

On April 10, the FCC must submit its recommendations to Congress. Analysts say that will signal the beginning of a regulatory and political battle over voice vs. data transmissions. "If (the FCC) signals a change in policy and decreases the incredibly favorable treatment towards the Internet," said Scott Cleland, a telecommunications analyst at Legg Mason, "the Internet people will cream them now. If they don't do something in the long term, (the FCC is) going to get creamed by the telephone companies."

Last year, Internet providers carried voice traffic worth about $700 million. Analysts say that figure could explode to more than $24 billion annually in the next four years.



To: Capitalist who wrote (1)5/1/1998 7:16:00 AM
From: elk  Read Replies (3) | Respond to of 7703
 
Serry, I must extend my congratulations, for this thread. This has truly been a unique one for SI. From few posts, to 7,000 posts in a month, and back to a few only. This is one for he books! It's like a Ghost Town in here, I guess the Gold Rush moved elsewhere.<ggggggg>

Take Care