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

To: Hawaii60 who wrote (3108)	3/25/1999 10:05:00 AM
From: Steve Fancy	Respond to of 30916

And this is supposed to happen today....right? So far looks like saved by the rally. So far 2 - 15K blocks...one looked to be a buy and one sell. sf

To: Hawaii60 who wrote (3108)	3/25/1999 10:39:00 AM
From: David Wise	Read Replies (3) \| Respond to of 30916

They can't just buy back bonds if holders don't agree. Someone on this board misstated that only 15% had to surrender. Their press release said "a majority". I think that was one more of your misstatements. Chances are, though, that they already have a majority. Then they have to get SEC approval IF they decide to spin off in a public IPO. That takes up to 60 days. The market could go in many gyrations before then. They might delay because of market conditions. And it's very possible they will find a private investor group for an outright sale. Of course that could be the best for IDTC, 'cause then they don't have the big cash drain of an unprofitable business. IDTC would then be worth $17 per share again.