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

To: Keith J who wrote (3199)	3/29/1999 8:54:00 PM
From: Madharry	Read Replies (1) \| Respond to of 30916

I guess they want to get it done as cheaply as possible ;if they don't get what they want they can always raise the offer as they get closer to APril 23.

To: Keith J who wrote (3199)	3/29/1999 9:16:00 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 30916

"Sure, it means that the deal is happening. It means that Lehman Bros, Oppenheimer and Bankers Trust ALL think so. It means that the bondholders were too greedy and wanted too much. So, rather than give into them. The company decided to file the tender with the SEC late this afternoon in order to protect our interests. It means that Lehman and Oppenheimer and Bankers Trust ALL know the terms of the IPO, who the underwriters are and have received a lteer of commitement from them. Or, they never would have given us that credit facility. It means more than likely that this debt will be transferred to net2phone and leave idtc debt free." "It means that every short who has piled on this stock in the last month hoping the deal will fall apart, will be running for cover." Keith, 35% are callable right now, it's in the "clause", we need another 16% to close the deal... cheers