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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 (3107)	3/25/1999 9:29:00 AM
From: Hawaii60	Read Replies (3) \| Respond to of 30916

I want to go over the bond thing one more time. IMO the company will soon announce what they are doing with the bonds. They will either tell us they have approval or, in the event the bondholders were too greedy and wanted a piece of the ipo etc, we may hear that the company has decided or has already redeemed the bonds with cash on hand. Or, in the event that money is earmarked for something else, or there is a legal reason why it can't be used, there is a third possibility that we may hear that IDT has arranged an interim credit facility to redeem the bonds. I tend to believe it is either 2 or 3 because otherwise we would have hear earlier. Once they tell us what they are doing with the bonds, the rest will fall quickly into place IMO. Happy investing. To me, if it is the third, then we know for sure there is an ipo because the underwriters commitment would be the only thing they ould have used as collateral, given we already have bonds outstanding. EITHER one to me, will be definitive proof that the deal will be announced in its entirety within days afterwords.