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

To: Madharry who wrote (3202)	3/29/1999 9:32:00 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 30916

bonds; i agree its shaggadelic by: spin_it_off_now 43101 of 43105 i admit i am biased. but i think this is great news. i speculate this scenario on bonds: bondholders are not owners of the company, but generally bonds give bondholders rights. one type of right that is common is prevent the exact type of transaction that idtc wants to do. in general, bondholders can prevent the company from distributing important assets outside of the company (ala spinoff). bondholders have a right to some level of security that comes from net2phone. they may have been asking for a piece of the pie. imo, idtc is showing some backbone, and has decided to spend a little extra time to do things right, and get a better deal. imo, this is a strong announcement: (i) this confirms that all rumors about idtc (referred to as rumors even though based on factual statements) are all true. there is a spinoff coming. there are significant partners involved. WE ARE LEGIT. (ii) in the scheme of things, waiting 30 more days is nothing. (iii) this will get idtc tons of attention. (iv) the shorts must start to bail at some point. something big is definitely coming. how can you stay short. (v) the company is in play, new bids may come. maybe not, but how can you risk being short if you're in play?