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

To: David Wise who wrote (3111)	3/25/1999 10:54:00 AM
From: Secret_Agent_Man	Respond to of 30916

The bonds are redeemable by the company now, they don't need approval to do that. As far as your "other scenario's" yes, they are possible...however, imho unlikely and the comment about once IDT sell or spins or whatever it does with N2P it would then be worth $17, is to me an insult. I am confident that without N2P IDT, is still way undervalued because it would immediately be accretitive to earnings as there would no longer be a "drag" on earnings... furthermore. IDT has a Booming Bandwidth biz as well as a High Growth PP biz, not to mention whatever R+D is doing.... cheers

To: David Wise who wrote (3111)	3/25/1999 11:55:00 AM
From: Hawaii60	Respond to of 30916

David, <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. > Oh yes they can. They have the right to redeem.