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

To: FreedomForAll who wrote (4308)	4/9/1999 12:40:00 PM
From: Steve Fancy	Respond to of 30916

You're working with the real stuff. Thanks for the information. sf

To: FreedomForAll who wrote (4308)	4/9/1999 12:41:00 PM
From: Steve Fancy	Read Replies (2) \| Respond to of 30916

IDT Corp. Up 20% On Online Story Citing Possible Pact NEW YORK (Dow Jones)--IDT Corp. (IDTC) shares gained as much as 20% Friday following a news report that Japan's Softbank Corp. may make an investment in the company's Net2Phone unit. CBSMarketWatch.com reported Thursday that Softbank is in talks with IDT to invest in Net2Phone, a sign that IDT might be preparing to spin off the unit. An IDT spokesman cited the article for the share's rise but declined to confirm or dismiss the report. In the online story, Gary Rieschel, executive managing director of Softbank Technology Venture's West Coast office said his company is nearing a deal with Net2Phone, which might close within the next two weeks. Rieschel wasn't immediately available to comment. Net2Phone, which offers telephone calls via the Internet, has long been the subject of rumors that it might be spun off in an initial public offering. An IDT spokesman declined to comment on a possible IPO. Shares of IDT, which provides telephone and Internet access, recently traded at 28 5/8, up 4 13/16 on volume of 3.2 million shares, compared with average daily volume of 1.6 million shares. - Marcelo Prince; 201-938-5394