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

To: Peter Yang who wrote (2955)	3/20/1999 9:15:00 AM
From: orkrious	Respond to of 30916

Peter, re any idea if the existing IDTC shareholders will get any shares from the spin-off (IPO)? The existing shareholders always benefit. Either the shareholders get shares of the spinoff, or the company gets the shares and the shareholders benefit through increased value to the company. If the individual shareholders get the shares, you would see a decrease in the value of the original IDTC stock to recognize that IDTC no longer owns the Net2Phone part of the business. Theoretically, it is irrelevant. In an efficient market the value should be equal. Practically, I'd rather have shares in the spinoff. Since Howard Jones owns 4.7 million shares, I'm sure he feels the same way I do. You can bank on additional shares being issued directly to the existing shareholders for the spinoff. Jay