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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: Tim Luke who wrote (26133)	4/9/1999 10:14:00 PM
From: DWCraig	Respond to of 90042

IDT heats up amid Softbank talks Investor's move may signal IPO for Net2Phone unit By Steve Gelsi, CBS MarketWatch Last Update: 4:38 PM ET Apr 9, 1999 Also see: NewsWatch SAN JOSE, Calif. (CBS.MW) -- Shares of IDT jumped 29.4 percent Friday following news that Internet king maker Softbank is in negotiations with IDT to invest in the Net2Phone Internet phone unit. Gary E. Rieschel, executive managing director of Softbank's West Coast tech ventures office, told CBS.MarketWatch.com that his company is nearing a deal with Net2Phone, a unit of Hackensack, N.J.-based IDT (IDTC). A spokesperson from IDT declined to comment. Shares of IDT gained 7 to 30 13/16 in brisk volume of 6.95 million shares. Net2Phone competitor VocalTec (VOCLF) gained 1 5/16 or 12 percent to 12. Asked if Softbank is taking part in a possible IPO by Net2Phone, Rieschel said, "Net2Phone has not filed for an IPO at this time. Our investment would precede that filing." He said Softbank is in the "diligence process" with Net2Phone. "There is not a signed deal yet," Rieschel said. "But I am a real fan of what they are doing and think they will be very successful." Softbank owns big stakes in some of the most heavily-traded Internet companies, including Yahoo and E-Trade. Rieschel, while declining to say how much Softbank would invest, said the deal may close within the next two weeks. He wouldn't comment when asked which brokers were involved. Speculation that IDT would spin off Net2Phone in an initial public offering has helped boost the company's stock in recent weeks. The stock closed at 12 on Feb. 24. IDT has yet to file for an IPO for Net2Phone, although a bond deal late last month appeared to signal that a move is near. See related story. David Readerman, a partner in San Francisco-based Thomas Weisel & Co., said Softbank has a reputation for backing successful Internet ventures. "They've had a real hot hand," he said. "I don't know if their investments are a cause and effect to ensure success, but they've had a good track record." cbs.marketwatch.com

To: Tim Luke who wrote (26133)	4/10/1999 2:53:00 AM
From: Tim Luke	Respond to of 90042

Marshall Industries Shares Jump But Firm Doesn't Offer Explanation Dow Jones Online News, Friday, April 09, 1999 at 17:40 NEW YORK -(Dow Jones)- Marshall Industries shares rose as much as 29% Friday on the New York Stock Exchange but the company is unable to explain the rise. Shares of Marshall Industries (MI) closed Friday at $16.50, up 17%, or $2.375 on volume of 820,000 shares, about ten times the average daily volume. The increase follows a 10% rise Thursday as the shares rebounded from a 52-week low of $12.375 reached Tuesday. Marshall Industries Chief Financial Officer Henry Chin said the El Monte, Calif., electronics distributor had no news to explain the activity. Hoefer & Arnett analyst Kevin L. Daly suggested investors were focusing on the company's Internet operations, which include a Web site where customers and suppliers can obtain technical data sheets, conduct real-time ordering of products and participate in live interactive training sessions and product seminars. Daly on March 8 released a bullish research note that highlighted the Internet operations. He suggested Friday that investors and other observers have been assessing the value of Marshall Industries' Internet operations and whether these operations are viable spin-off candidates. "It remains to be seen whether they can function as a stand-alone operation," he said Friday. Peter Loftus; 201-938-5099 Copyright (c) 1999 Dow Jones & Company, Inc. All Rights Reserved.