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

To: Sam Nizam who wrote (4408)	4/10/1999 6:25:00 AM
From: Crossy	Respond to of 30916

Sam & all, I do hope the IDTC will spin off 30-40% of Net2Phone due to the following reasons: 1) Repayment of all debt. Frees the operation statement of interest payments of $2 million per quarter. 2) Net2Phone is still not cash-flow positive. Remember last quarter, the downward revision in earnings ? That was because of Net2PHone. Well, if they just sold enough (I think it's less than 75% ownership) then they would not have to consolidate revenues anymore. That would also free IDTC from including the cash-drag Net2Phone in the statement of operations. Imagine upward earnings revision on IDTCs main business, too , just because of this effect. regards CROSSY