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

To: David Wise who wrote (3110)	3/25/1999 11:52:00 AM
From: Pascal Morin	Respond to of 30916

David, Please provide more facts we can read (i.e URLs) and assess the possibilities... Thank you.

To: David Wise who wrote (3110)	3/28/1999 2:02:00 PM
From: Bill Zeman	Read Replies (2) \| Respond to of 30916

David You said, "Re: "IPO", did you know that they have been talking to private investors and could just as easily sell Net2Phone privately? They said so. Read their press releases back through Feb." In rereading the press releases back through February I saw NO mention of the possibility of selling Net2Phone outright to private investors. I think you are referring to this form Feb. 2nd: IDT is soliciting the consent to the proposed amendments primarily for the purpose of enabling IDT to effect one or more possible financing transactions involving Net2Phone, Inc., a Delaware corporation and the subsidiary of IDT that conducts IDT's Internet telephony operations. Such a transaction may consist of the issuance of Net2Phone's capital stock to private investors or to the public. IDT is currently in discussions with several parties who have expressed an interest in making equity investments in Net2Phone. However, no assurances can be given that any such transaction will in fact occur. biz.yahoo.com As you can see they are not talking about selling Net2Phone, but they are talking about private investors MAKING AN EQUITY INVESTMENT IN NET2PHONE. This does not mean that any one company will own Net2Phone outright, but that when Net2Phone is spun off, IDT may sell shares of it privately rather than or in addition to publicly through an IPO. I agree that an IPO, (initial public offering), is not guaranteed, but one must understand that any kind of private deal would of necessity be more lucrative to the IDTC shareholder than what a very promising IPO would be. IDTC is sure to maintain a controlling interest in Net2Phone in some way. They are not just going to give it up. The company itself will likely keep a large chunk of the new shares for itself. Bill Zeman 17 3/16