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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 (3203)	3/29/1999 9:57:00 PM
From: Secret_Agent_Man	Respond to of 30916

Hawaii, good point about having fast majority by: Pure_Lip 43121 of 43126 At first I was very concerned that the April 23 date will just postpone "imminent" deals by another month. But I don't think so now. If you look at the wording -- "The offer will remain open until 12:00 Midnight, New York City time, on April 23, 1999, unless otherwise extended" -- that is how long THE OFFER STAYS OPEN. It says nothing about when the TENDER OFFER WILL ACTUALLY OCCUR. For all we know, they already have the majority -- and probably do (hence the designated tender price). I don't think the date means anything this time -- it just frames the tender process. IMO, this release could be an SEC formality and the majority is in, the consents therefore given, and the green light to management.