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

To: Scott Sorochak who wrote (3452)	4/5/1999 12:27:00 AM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 30916

only slight correction total outatanding per March 3rd earnings "Shares used to calculate earnings per share for the second quarter were 35.5 million." Actually, they have 146Million in CASH of their own and recieved a "credit facility for an additional 150Million" to buy back the bonds. which is a total of 296-Million available cash...The credit facility was done based on Net2Phone and alleviates the need to burn current cash on hand to close the bond deal this is how much confidence that CIBC and Banker'sTrust have in IDT..ala Net2Phone ! cheers