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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 (1400)1/14/1999 10:20:00 PM
From: Richard Haugland  Respond to of 30916
 
Newmillenium, that is the best post I have ever seen on the IDTC threads (especially better than the Yahoo thread). Thanks, even though we are all apparently going down the tubes tomorrow.

Unfortunately I sold yesterday at 15 5/8 what I bought on Monday at 14 9/16 and bought it all back today at 14 1/8 (which I still hold) plus some more at 13 1/8 that I sold an hour later at 13 7/8. Should have just sold it all or not gotten back in today.

Guess I will just hold it out and watch for today's prediction of $8. Should eventually get better than that, I guess.



To: Secret_Agent_Man who wrote (1400)1/14/1999 10:54:00 PM
From: Keith J  Respond to of 30916
 
NM,

Two issues I have with what has been stated vs. what was contained in the press release.

(1) No mention of gross margins being impacted by pricing in the wholesale card business. This is supposedly what the big concern that analysts had, yet IDTC attributed margin issues to seemingly everything but. Plus, madam's conversation with IR seemed to attribute industry issues to margin pressure (and no mention of IDTC-specific issues) and the downgrades - yet this doesn't seem to be in the press release. My concern is IDT's credibility with Wall Street analysts based on this.

(2) IR was either misinformed or something, because the rumored 6 cents was not an exaggeration (if that's what was being referred to, and if not, there was nothing defined in the press release on future quarter earnings anyway, so who knows).

Will be an interesting day tomorrow.

KJ