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

To: vinh pham who wrote (1224)	12/5/1998 8:10:00 AM
From: nord	Read Replies (1) \| Respond to of 30916

WSRN has chosen IDTC as its' stock of the week www1.wsrn.com This week we have chosen IDT Corporation (NASDQ: IDTC), a rapidly growing supplier of long distance telephone services, internet connection services and the popular Net2phone internet telephone service with over 600,000 registered customers. IDT provides long distance services in over 170 countries. IDT has been on a growth spurt. Revenues for the year ended July, 1998 rose 148% to $335 million. Sales in the final quarter of last year totaled $123 million --.almost as much as the company grossed in the entire prior year ($135 million). The company posted a loss of 21 cents/share, but before non-recurring items earnings were 56 cents, up from a loss of 18 cents the year earlier. Revenues in the last quarter nearly doubled from the year earlier period. Most of IDT's business, about 60%, comes from services provided to consumers, with the other 40% wholesale sales to businesses. Net2phone revenues account for about 10% of last year's total. IDT is expected to report first fiscal quarter earnings any day, and according to First Call they are likely to be 14 cents per share, up from 8 cents last year, a 75% increase. Our attention focused on IDT last week when rumors began to circulate that Sprint would acquire its unowned portion of Earthlink, also an internet provider. While IDT has actually been diversifying from strict internet access, it has strong relationships with long distance providers (particularly MCI/Worldcom) that may make it attractive to them. But if business is so good and ISP's are consolidating, why is IDTC 49% off its 12 month high? Is IDTC a buy, sell or hold? With WSRN's data center, BASELINE reports and extensive links you should have what you need to make an informed decision. I have taken the regular quarterly post stellar earnings selloff to add to my position. It is amazing to me that the institutions and Vic Grover Kaufman still don't get it. This is a very well run diversified and innovative company growing rapidly with an history of growth that any company would be envious of. Regards Norden