Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: m33806 who wrote (2011)	2/13/1999 1:58:00 PM
From: Andrew H	Respond to of 30916

KSE post from Yahoo to SI board: >>To The Silicon Investor Board by: kennedy__style__entrepreneur 24634 of 24670 First let me thank those of you who have contacted me privately or expressed interest in my thoughts. Perhaps soon I will be visiting you directly. Let me briefly comment on two points that have been discussed on S.I. recently: timing and valuation. 1. Timing: I did not invent or make up the February 17 date. It was included in a formal legal document...the consent solicitation. It was announced in a Company press release. The import is to formally and legally enable the company, effective on the favorable vote, to formally act on both the spinoff/ipo and the major corporate investor. Beyond that we obviously speculate because we do not know. But every day, every buy sell or hold decision...that is exactly what we do. We sell expecting a stock to go down; we buy expecting it to go up. My belief is that the company only formalized consent solicitation when they were ready to proceed. My belief is that the "event" will come very close to the February 17 date. This may be right or wrong, but it is based on legal, formal, publicly announced action by the company. 2. Valuation: My estimate is that idt this year will at least reach 35 dollars a share, less I would add than its above 40 high. And I believe that one's best estimate of where Net2Phone will trade at will be 35 to 45 if it is a weaker formulation spinoff/ipo and 55 to 65 if it is a stronger one. Net2Phone valuation is obviously a best guess. I am not using euphoric numbers from some internet stock prices. I am trying to think of a range for a company that has a market leading position in internet telephony, a serious and respected e-commerce platform, hard and consistent records of customer and revenue growth and product innovation, a hard customer base of more than one million real paying customers, publicly announced alliances and partners with players from yahoo to ibm, substantial credibility in the internet media and internet community. Others should make their own evaluations as investors. Some will be higher or lower than mine. But what is important is that investors realize that idt is now trading in the 14's, and when the "imminent event" is announced, we will be valued based on two independent companies that we now own, idt and net2phone. My idt valuation is now lower than what many respected analysts forecast. My Net2phone valuation is lower than many current internet stocks with far less real business and far less credibility; I could argue my price target is too high, but I could just as easily argue it is too low. Every investor should make his or her own calculations and act accordingly. Let me express my admiration and respect for the S.I. Board and the quality of discussion including different points of view. I hope to be visiting you soon and wish all of you well as we approach an exciting moment for the company and its investors. best wishes, kse <<