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


To: R. Bond who wrote (1286)12/29/1998 11:53:00 AM
From: HVN  Read Replies (1) | Respond to of 30916
 
Some VERY interesting feedback.

Talked to someone I know well from a large wireless carrier who met with IDT some time ago to discuss reseller opportunities. This person also knows and has talked to a person who used to report to Jonas. here's the feedback:

- not impressed with the operation
- not impressed with the business long term viability
- financially, they are constantly on the brink.... I guess this is something we shareholders have known. But it does make investors nervous.

I will admit that I'm in IDTC the for the short run. But till I see their business model make sense for the long run, I cannot afford to take the risk - so I buy on the dips, sell on the rises. I was doing the same with RCN (getting in and out), but am now convinced that they do seem to be getting their act together for the long run and will hold on to what I bought at 13 1/2. They will most probably fall from the 20+ they crossed yesterday, but have a solid enough base, and strong LVLT backing to make it through the next couple of years.