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

To: pass pass who wrote (1275)	12/25/1998 10:43:00 PM
From: Secret_Agent_Man	Respond to of 30916

BARRONS ARTICLE HIGHLIGHTS IDTC SPINOFF Spinoff Ahead? While investors seem eager to bid up shares of still-unprofitable business concepts like Internet auctioneering, the stock market seemingly has lost patience with pioneering 'Net phone networks. One such company, Hackensack, New Jersey's IDT, is considering the spinoff or sale of its Net2Phone subsidiary, which offers long-distance calls for a nickel a minute between 62 cities. Net2Phone had $5.3 million in revenues in its first fiscal '99 quarter, ended October 31. The total was a third higher than it reported in the preceding three months. However, the IDT subsidiary is still in the red. One problem, admits IDT's David Greenblatt, is that traditional phone firms offer deals as cheap as eight cents a minute. So the firm is refocusing its business on prepaid phone cards, which brought IDT $67 million in revenues in the first fiscal '99 quarter, and allowed the corporation to earn $4.9 million, or 14 cents a share. With IDT shares trading at 15 7/8, Greenblatt argues that investors are placing no value on IDT's Internet phone business.

To: pass pass who wrote (1275)	12/25/1998 11:45:00 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 30916

THE "ONE PROBLEM" NO LONGER EXISTS>>>FROM BARRONS "One problem, admits IDT's David Greenblatt, is that traditional phone firms offer deals as cheap as eight cents a minute." LOOKS LIKE IDT, HAS MOVED SWIFTLY TO CORRECT THE PROBLEM WITNESS A RECENT PRESS RELEASE... New Rate for U.S. Customers to Drop to 4.9 Cents/Minute All Day HACKENSACK, N.J.--(BUSINESS WIRE)--Dec. 22, 1998--IDT's (NASDAQ: IDTC - news) Net2Phone today announced that it will be cutting the rates on its PC-to-phone service for U.S. callers. Effective January 1, 1999, all new U.S. customers will pay only 4.9 cents per minute, up to 75% in savings, on phone calls from their multimedia PCs to any telephone in the U.S. Previously, rates within the U.S. were 10-15 cents per minute for domestic users. ''Over one million international customers have been benefiting from our technology and capabilities of Net2Phone. We want our U.S. audience to share in what will be the next wave of domestic communications,'' said David Greenblatt, Chief Operating Officer of Net2Phone. ''Not only will users save up to 75% off their domestic phone bill, but our international rates are also incredibly low, with rates to most of Europe at 10 cents per minute.'' Net2Phone is IDT's pioneer Internet telephony product, enabling computer users around the world to place telephone calls over the Internet to any telephone around the world at significantly reduced rates. Companies such as IBM Global Services (NYSE: IBM - news), Yahoo! (NASDAQ: YHOO - news), Excite (NASDAQ: XCIT - news), and Creative Labs (NASDAQ: CREAF - news) either bundle or resell Net2Phone PC services to their customer base. Users can download Net2Phone free at www.net2phone.com. IDT is a leading emerging multinational carrier that combines its position as an international telecommunications operator, its experience as an Internet service provider and its leading position in Internet telephony to provide a broad range of telecommunications services to its wholesale and retail customers worldwide. The company provides its customers with integrated and competitively priced international and domestic long distance, pre-paid calling cards, Internet access and, through its Net2Phone product offerings, Internet telephony services including Net2Phone Direct, Net2Fax, and Click2Talk. For more information about IDT's Internet telephony services, please visit www.net2phone.com.