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

To: Cymeed who wrote (2933)	3/19/1999 2:27:00 PM
From: blankmind	Read Replies (1) \| Respond to of 30916

have you examined other areas of the biz? the phone side is very strong. calling cards, international.... how much did they pay and why did they purchase genie? i would have to check this out first. but possibly they purchased a network, and not worried about genie.

To: Cymeed who wrote (2933)	3/19/1999 9:27:00 PM
From: Shtirlitz	Read Replies (2) \| Respond to of 30916

<< The question is, why did they buy Genie to begin with? If they can't turn it around, why would they waste that capital and wandering into an area of new territory that they can't master?>> Did you read the article to the end? <<IDT hasn't done much since acquiring Genie in 1996. The text-based online service is still home to a small group of die-hard fans of its discussion groups, and Genie continues to host a network of Brother word-processor users. An IDT spokeswoman said the Hackensack, N.J., company is planning to relaunch the service in the next 30 to 45 days but won't disclose details.>> Whats this about? Could it be promotion of the relaunch? Go figure.

To: Cymeed who wrote (2933)	3/19/1999 11:45:00 PM
From: Bill Zeman	Read Replies (2) \| Respond to of 30916

Cymeed I am not sure whether or not buying Genie was a mistake or not. I don't know what they paid for it, what it came with that they are using elsewhere, how much money it is making, losing now, but I suspect it was a mistake because the company does not talk at all about it. It doesn't seem to be in their immediate plans or strategies. But what I like about it, is their propensity to jump into internet related things. Even if they have made some mistakes, they have had some huge successes!! Net2Phone is HUGE!! IDT is now by far and away the IP telephony LEADER!! They got here by moving fast and jumping into the internet quicker than everybody else in the IP telephony area. Howard Jonas took IDT from 11 million a year to 600 million. I've got confidence in these guys. They have a good record. If Wall Street is still behind on accounting for the obvious value of IDT, then to me it just says, "buying opportunity". Bill Zeman (17 1/2)

To: Cymeed who wrote (2933)	3/20/1999 12:44:00 AM
From: blankmind	Respond to of 30916

everyone must read this news: 08/28/96 - IDT announced this month that it has agreed to purchase the Genie Online Service from Yovelle Renaissance Corp for an undisclosed sum. Genie, formerly owned by General Electric, provides multi-player gaming, interactive chat, and bulletin board services to 20,000 customers in the United States. The deal gives Internet access and telephone service provider IDT rights to the Genie names as well as over 100 gigabytes of content from the Genie service. IDT said content will be incorporated into its recently introduced Genie Interactive service, a new online service designed to compete with America Online Inc and CompuServe Corp.