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

To: Tom Gebing who wrote (1124)	9/28/1998 9:38:00 PM
From: Tom Gebing	Respond to of 30916

IDT Shares Down 14% On Profit-Taking After Beating 4Q Views Dow Jones Newswires NEW YORK -- IDT Corp. (IDTC) beat First Call earnings estimates Monday, but the company's share price was down nearly 15% on what most analysts described as profit-taking after a recent strong run. Some market participants also suggested that the stock may have declined because of alleged negative comments from an analyst at Jefferies & Co., but that analyst said he made no such pronouncements. "Let's face it, they had a great quarter - top line, bottom line, across the board," said Gregory Miller at Jefferies, adding that he didn't know why the stock had declined so sharply Monday. Some other analysts thought that profit-taking was largely to blame. "It just had such a run," said Michele Wolf at Bear Stearns & Co. Indeed, the stock was up nearly 45% from Sept. 18 when Morgan Stanley Dean Witter started coverage with an outperform rating. At the same time, word began to circulate nearly two weeks ago that IDT would exceed First Call estimates of 18 cents earnings-per-share for the fiscal fourth quarter by one to two cents. That whisper number drove the share price up more than 8 points to 25 15/16 on Friday from 18 7/8 on. Sept. 18 when the stock began to trade at several times its average daily volume. Despite the share price decline, analysts said they were impressed with the revenue growth of the Hackensack, N.J.-based telecommunications concern. The company reported revenue of $122 million for fiscal 1998, up from $41 million in fiscal 1997. IDT shares were down 3 7/8, or 14.4%, at 23 1/16 on Nasdaq volume of 1.7 million, compared to average daily volume of 378,863.

To: Tom Gebing who wrote (1124)	9/28/1998 9:40:00 PM
From: Tom Gebing	Read Replies (1) \| Respond to of 30916

IDT Corp. Cuts NetPhone2 Rates To Hurricane Georges Regions Dow Jones Newswires HACKENSACK, N.J. -- IDT Corp. (IDTC) plans to lower NetPhone2 rates on its PC-to-phone service to Puerto Rico, the Dominican Republic, Florida, Mississippi, Alabama and Louisiana so customers can keep in touch with friends and relatives affected by Hurricane Georges. In a press release Monday, IDT said it will reduce calls to Puerto Rico, Florida, Mississippi and Louisiana from anywhere in the world to four cents a minute from 10 cents a minute, and cut calls to the Dominican Republic to 15 cents a minute from 25 cents a minute. The telecommunication services provider said the rates will be in effect for one month, starting immediately. --------------------------------------------------------------------------------