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

To: Hawkmoon who wrote (1406)	1/15/1999 10:49:00 AM
From: John Ritter	Respond to of 30916

Well, I bought some this morning. While risky, seems to be holding at book value. The risk is whether the 'hype' on the internet will overshadow the margin squeeze in the calling card business. If the company really does what it mentioned at the posts on the annual meeting it should certainly trade above book value, which would be where it was yesterday in my humble opinion. If the revenues increase from the calling card and longdistance service the 'profits' would seem to be less important than revenue increase. This is just common sense, definitely a speculative play here. I would gladly sell next week for 14 but figure news will be needed to drive up above book value.