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

To: nord who wrote (3253)	3/31/1999 9:23:00 AM
From: Hawaii60	Respond to of 30916

Hawaii is never wrong. Sometimes he is a few days off, or only 90% correct, but never wrong. Anyway, you said: <WRONG Hawaii!! They need MONEY to bridge the bond issue! For whatever reason they need to get rid of the bonds, (IPO, spin off, outright sale) they need MONEY and thus the credit facility. > I say, did you read the last Q numbers or 10Q. They actually have sufficient funds in the bank to take out the bonds. The credit facility was raised on the strength of the net2phone IPO, so as not to deplete the core assets. It could only besecured by the net2phone IPO assets as that is the only place the new debt could be Senior. All IMO.