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

To: Secret_Agent_Man who wrote (1393)	1/14/1999 12:25:00 PM
From: Ronald Ashkenazy	Read Replies (1) \| Respond to of 30916

IDT Corp cut to hold Reuters Story - January 14, 1999 11:51 LOS ANGELES, Jan 14 (Reuters) - Jefferies & Co. on Thursday cut its rating on telecommunications operator IDT Corp. to hold from buy on suspicions that the wholesale long distance prepaid calling card business may be weaker than previously thought. Jefferies & Co. said that while IDT's Q2 revenues may increase above estimate of $145 million, greater than expected pressures on profit margins could cause margins to fall well shy of Jefferies' estimate of 25.8 percent. Jefferies & Co. said those lower margins could result in Q2 EPS falling more than $0.02 below previous estimate of $0.16 Jefferies & Co. believes the company's prepaid card business has come under intense pressure of late. IDT shares were off 2 at 13-5/16 in midday trading.