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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 (2556)	3/11/1999 8:52:00 AM
From: Shtirlitz	Read Replies (1) \| Respond to of 30916

Just for the info: We are number 1 on hot subjects list on SI.

To: Secret_Agent_Man who wrote (2556)	3/11/1999 9:12:00 AM
From: orkrious	Read Replies (1) \| Respond to of 30916

Crusader, is it not true that in a spinoff there is no real exchange of cash. If that were the case, the operations would be sold. In a spinoff, aren't there new shares issued for a new company while the old shares no longer own a piece of the split off operations. For example, Widget, Inc., makes widgets and dingos. They split into two pieces. The old company, Widget, Inc., now no longer has a dingo operation. There are now two companies, Widget, Inc. and Dingo, Inc. I think that there is no exchange of cash. The IDTC shareholders will now just own shares in two companies, one of obviously will be a rocket ship. Jay