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

To: Tom Gebing who wrote (1215)	12/2/1998 7:36:00 PM
From: Tom Gebing	Respond to of 30916

Note the strong buy recommendation this morning….lot of good it did ..But tomorrow is another day. Credit Suisse First Boston Corporation December 2, 1998 - 7:58am IDT Corporation (IDTC, $20.375, STRONG BUY)Target (9 Months): $29 IDT reported fiscal first quarter 1999 results broadly in line with our estimates. First quarter revenues grew 143% year over year, and EBITDA more than tripled year over year. E.P.S. were $0.14 in the quarter versus our estimate of $0.12 and a consensus estimate of $0.14 Annual Prev. EPS EPS7/99E $0.69 $0.677/98A 0.56

To: Tom Gebing who wrote (1215)	12/3/1998 10:22:00 PM
From: HVN	Read Replies (1) \| Respond to of 30916

IDT's business strategy - doesn't appear viable for the long term. I don't get it! They are basically a reseller of service. They have some call back services internationally, but the very nature of the reseller business is to sell wholesale services at a lower rate to the masses. However, in their case, they are only moving into an arena where the big guys will continue to cut prices and apply price pressure on IDT. However, though I don't believe they have a long term viable business (or at least it's HIGHLY risky), they are definitely a shorter term play. I bought them the last time at 13 and sold at 20. I think they'll easily fall back to 12-13 this time round. Look at the pattern - tens to fluctuate between 12/13 and 20/25.