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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 (3168)	3/29/1999 7:01:00 AM
From: Hawaii60	Read Replies (3) \| Respond to of 30916

another from yahoo board: NEWS:Call anywhere in US for 1 Cent on Net2Phone in April by: cattosqueeze 42874 of 42878An astounding new offer from IDT I found on the Yahoo People search page when looking for Net2Phone link! Publisize THIS!!! net2phone.com

To: Secret_Agent_Man who wrote (3168)	3/29/1999 7:06:00 PM
From: Arrow Hd.	Respond to of 30916

Crusader, I usually stay off of Yahoo but I must admit this was a very compelling post and well done.

To: Secret_Agent_Man who wrote (3168)	3/29/1999 7:24:00 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 30916

IDT Announces Tender Offer and ConsentSolicitation March 29, 1999 07:01 PM HACKENSACK, N.J.--(BUSINESS WIRE)--March 29, 1999-- Receives Underwritten Commitment for $150 Million Credit Facility; Net2Phone Executes Term Sheets With Significant Strategic Investors IDT Corporation IDTC announced today that it is commencing a tender offer for all of its outstanding 8.75% Senior Notes due 2006 (the "Notes"). The Notes, of which an aggregate principal amount of $100,000,000 are currently outstanding, were issued in February 1998. The offer will remain open until 12:00 Midnight, New York City time, on April 23, 1999, unless otherwise extended. The purchase price for the Notes will be $1,020 in cash per $1,000 principal amount, plus accrued and unpaid interest up to, but not including, the date of payment. In conjunction with the offer, IDT is soliciting consents to eliminate certain of the covenants and to amend other provisions contained in the Indenture, dated February 18, 1998, under which the Notes were issued. The proposed amendments will not become operative unless and until the tendered Notes are accepted for purchase by IDT pursuant to the offer. The offer is conditioned on, among other things, the receipt of consents from the holders of at least a majority in principal amount of the Notes. Holders who tender their Notes in the offer will be required to consent to the proposed amendments. IDT has also announced that it has entered into a commitment letter with Bankers Trust Company, CIBC Oppenheimer Corp. and Lehman Commercial Paper Inc., whereby these institutions have committed, subject to certain conditions, to provide and arrange a $150 million credit facility. Bankers Trust Company is expected to serve as administrative agent for the facility. IDT expects to use the proceeds from its initial borrowings under the credit facility to purchase the tendered Notes. IDT's receipt of borrowings under the credit facility that are sufficient to repurchase the tendered Notes, on terms and conditions reasonably satisfactory to IDT, is a condition to IDT's obligation to consummate the offer. investor.msn.com