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

To: Bill Zeman who wrote (1715)	1/31/1999 8:03:00 AM
From: Secret_Agent_Man	Respond to of 30916

From YAHOO POSTER-Shen4, regarding Monday's action... by: rx_usa 20372 of 20373 Good observations. I agree with most of what you said. First, let's assume IDTC in fact launches EZsurf.com on Monday. In my opionion, most of the price impact is already discounted in the current price. However, the stock price can be influenced by the news coverage it receives. If the only news is from the company news release, I agree with you that we will most likely close on Monday below $17. In fact, I wouldn't be surprised it it closes below $16. However, if it receives news coverage like CNBC market news etc, I believe it is possible to close around $18. Moreover, if IDTC releases confirmation that the spinoff is indeed going to happen soon, than we might see a 25% to 30% jump in the price, ie stock will close between $19 to $21. What's more, that news will place a support at around $18 to $20. And if IDTC releases the actual spinoff date, you may be right that we have a good chance of closing above $22. So what's going to happen on Monday? We don't know 100% that there will be EZsurf launch on Monday. But chances are it will probably happen. There will probably be some amount of news coverage. Let see how well IDTC PR can play the game. There is a small probability that the launch will be accompanied with the reaffirmation of the spinoff. Lastly, I don't anticipate the release of the actual spinoff plan on Monday. IMO the earliest IPO announcement will be with the earnings announcement. That means it won't happen for at lease 4 to 6 weeks. Therefore, the earliest spinoff date would be in April. Let's see what happens... regards