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

To: Andrew H who wrote (1411)	1/15/1999
From: EACarl	Read Replies (1) \| Respond to of 30916

Terrible news. "IDT Corporation (NASDAQ:IDTC - news) today announced that earnings will fall below consensus analysts' expectations for the current quarter and through the end of December 1999, primarily due to delayed network deployment. For the current quarter, IDT expects that earnings will fall short of such expectations by approximately $.10 per share." $.16 earnings expected, company now says it will fall short by $.10. That's really bad. That is a 62.5% shortfall!!! $.06 earnings YUK!!!! That alone is enough to kill the stock, but the really bad news is that they are already saying that ALL OF 1999 will be weak. Looks like the analyst with the $8 price target will be right effective tomorrow. At $.06 per share per quarter (if the year is just as bad as the company said - could get worse obviously) that $8 with a $.24 year earnings is a P/E of 33!!!!!!!! $8 seems very generous!!!