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

To: Hawkmoon who wrote (1396)	1/14/1999 6:03:00 PM
From: Andrew H	Read Replies (2) \| Respond to of 30916

Doesn't seem to make a lot of sense, does it? Still hard to buy into a conspiracy of 3 analysts. Company's fundamentals look pretty strong to me.

To: Hawkmoon who wrote (1396)	1/14/1999 8:52:00 PM
From: Secret_Agent_Man	Read Replies (2) \| Respond to of 30916

Report from Janine @ IR @ IDT>>>>> My talk with Janine: by: madamimadam12 14864 of 14897 Folks, I am a little more reassured. The news ain't great, but it ain't dismal either. 1) The numbers. IDT will release a response to the suggestion that they won't meet the 0.16 per share estimate. Janine suggested that IDT will confirm that they will not meet the number, but suggested also that the numbers bandied about this board are simply exaggerations. 2) She said the analysts were prudent in reducing IDTC to HOLD because the entire sector is being hit by the same problem: decreasing margins and revenue. She said that the analysts "pieced nothing together" and were treating IDTC according to the information that the rest of the sector was providing. True enough. 3) M&M is holding them back from releasing fiscal details on the deal. She described it as an "absolutely huge" deal that is very big for IDTC. "Revenue-sharing" was a term she used to describe how IDTC will make money out of the deal. 4) Quiet periods: There are two. i) The first began in the middle of this week and lasts for 30 days. It was required "BY THE UNDERWRITER" (Janine's words) and may be curtailed somewhat in 2 or 3 weeks to allow for some details to be released. ii) The second quiet period begins next week for IDTC, and represents the quiet period required by the SEC prior to earnings. The two quiet periods overlap, but Janine was hopeful (my interpretation) that IDTC would be allowed to issue details of the SPINOFF during the pre-earnings quiet period, because that information does not impact earnings or forward-looking information. 5a) I asked her about the ClickETrade stuff. She asked if I meant Click2Phone: "Yes, we have hundreds of clients." I said no, I meant the portal. She laughed a little and was very evasive. She asked if I was referring to the information on the message board (that's us) and I said yes. She couldn't comment, but let slip that the major partners haven't signed off on their commissions. I repeat, COMMISSIONS. IDTC will comment "very very soon" (her comments) when all agreements have been signed off on by all partners. 5b) No denial that 1,000,000 Net2Phone users will be the startup users for a new portal. 6) IPOs. As mentioned, an underwriter has instructed IDTC to maintain 30 days of silence. No mention on who, of course. THere will be only ONE IPO: Net2Phone. The Internet division of IDTC will be spun off with Net2Phone. 7) I asked about KSE (Brent) and Hawaii60 (John). She said that she regularly speaks to them and laughed when I asked if they were one person. Apparently they have very distinct personalities, which I can gather from their posts too: One is irate and stormy, the other very friendly and kind. You piece together which is which! 8) On words of reassurance: Of course she'd never advise anyone to sell or buy, but she reminded me that telecoms take hits when earnings are bad, and bounce back. Too true. Don't sell low is the obvious advice. I wish I could offer everybody more, but that's about all. Janine owns shares too, and heck, talking to her was reassuring. I like her. She seems sincere. She said she'd phone back and leave a message (I am heading home) regarding what the fax from IR contains. Right now she's on the phone for a long conversation with someone important. The company may face a short-term rocky road, and we can all expect a certain degree of SILENCE until earnings are released. Suffice to say, if they are bad and the company is forthright and releases accurate information tomorrow, we have some time to recover prior to earnings. If we meet revised estimates, we will bounce back. And by that time, the IPO should be common knowledge. Sorry I can't offer everyone more assurance than that, but I hope it helps. Posted: Jan 14 1999 8:11PM