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

To: Andrew H who wrote (4446)	4/10/1999 2:48:00 PM
From: orkrious	Read Replies (1) \| Respond to of 30916

I don't see more than 20M. I was just taking a WAG. Certainly could just be 20M shares. I was trying to illustrate percentage ownership. Third, you left out the corporate investors--don't you expect that Softbank and the others will be getting shares? Yes. But I don't really expect a lot of dilution to shareholders from their existing ownership in IDTC. Jonas is not going to want to dilute himself that much. At this point, it is not so much a matter of needing the cash, "enhancing" the current IDTC's shareholders' value is what this is all about. In my example, the corporate shareholders would buy out of the six million shares (21%) allotted to the public. An uneduacted WAG would be 10%. Softbank now owns 28% of YHOO. Not that much Net2Phone will be available. Andrew, you know more about IDTC than almost anyone. And I don't mean to argue with you. I am sure that my numbers are all way off. My point is that the existing IDTC shareholders (inluding 38% for Jonas) own Net2Phone now. The IPO isn't going to dramatically change that. I am suggesting that everyone who thinks that they aren't going to benefit that much by holding on longer-term to what they have now and that they should sell their shares just after the announcement and before the IPO are fooling themselves. All IMHO. Jay