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

To: John Maddison who wrote (3209)	3/29/1999 10:10:00 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 30916

I got you AM, by: chowdah48 43095 of 43130 The new is THE NEWS. It's abundantly clear that they are capitalizing and/or spinning off Net2Phone. When is the issue. But two days or two weeks is meaningless in the scheme of things. Why is this significant? Just what you said. Lehman, CIBC, and Banker's Trust are essentially saying that Net2Phone which generates a small portion of IDTC's revenues is now valued at the price of the bond buyback. If you look at IDTC's balance sheet, the line of credit extension is a real vote of confidence by the investment bankers. They have given IDTC a 100 million for the buyback, and 50 million in working capital. Combined with the investor(s) contribution in a capitalisation or IPO, IDTC has created a tremendous funding resource which translates to increased shareholder value. It just seems to me that the pieces keep falling in place. Remember, IP telephony is an emerging market. Proper capitalisation equates staying power. Being from a small island off the coast of Maine, I was always taught that if you do the right things and persevere, you will reap the rewards. I think IDTC is poised.