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

To: Hawaii60 who wrote (3256)	3/31/1999 10:57:00 AM
From: Bill Fortune III	Respond to of 30916

Hi Hawaii60 and thanks for posting that link for all to see. Regards, Bill Fortune III

To: Hawaii60 who wrote (3256)	3/31/1999 11:08:00 AM
From: Andrew H	Respond to of 30916

It sure looks like an IPO to me! I think David Wise must be a misnomer! (:>)

To: Hawaii60 who wrote (3256)	3/31/1999 12:42:00 PM
From: Bill Fortune III	Respond to of 30916

Hi Hawaii60 and everyone. I have been watching IDTC for quite a period of time now and it is interesting to note that a large part of each trading day the Bid/Size is always smaller then the Ask/Size. For myself I glean from this type of trading activity that IDTC will not make any large moves until that situation turns around. I really don't have any idea why this type of trading active has been so prolonged, but would suspect that a lot of shorts, day trader types and small investors (because that average trade is well below 1,000 shares) are involved based on the type of recent trading activity. Although once the assumptions become reality and/or some really new positive news and events start to sincerely take place I believe IDTC will then be able to move upward and establish strong bases in that upward movement. Regards, Bill Fortune III

To: Hawaii60 who wrote (3256)	3/31/1999 1:01:00 PM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 30916

READ IT AND WEEPNet2Phone Moves One Step Closer to a Spin-Off 30 March 1999 Net2Phone is set to spin off its parent company IDT, following the $150 million credit facility arranged by IDT to purchase all of its outstanding 8.75% Senior Notes. The purchase - if it goes through - will technically enable the company to proceed unhindered with planned private placements or subsequent public offering of its IP telephony subsidiary Net2Phone. Freidman, Billings, Ramsey and Co forecasts revenues of $45m for Net2Phone in 1999, potentially giving the company a market capitalisation to the tune of $450 million. "Even by conservative estimates, we are looking in the region of at least $300m market capitalisation," said Riyad Said, an Analyst at Freidman, Billings, Ramsey and Co. Net2Phone is reported to have "executed term sheets with significant strategic investors" and is seeking similar arrangements with other investors. Net2Phone pioneered PC-to-phone Internet telephony in 1996 and is now leading the market with over 1.25 million customers globally for its PC-to-phone service. The IDT subsidiary routes some 25 million minutes of IP voice traffic per month at present. Having strategic joint marketing relationship with the likes of NetScape, Excite and Yahoo, Net2Phone has fully exploited the Internet potential. The $150 million credit facility is to be provided and arranged jointly by Bankers Trust Company, CIBC Oppenhimer Corp. and Lehman Commercial Paper Inc. Cheers