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

To: Bill Fortune III who wrote (4568)	4/11/1999 12:39:00 PM
From: Andrew H	Respond to of 30916

A KSE classic post from Yahoo board: >>bigmwyfan: regarding term sheets by: kennedy__style__entrepreneur 44961 of 45002 for our purposes it is a deal memo, outline the terms of an agreement between a potential corporate investor and idt. it is one step before a final binding agreement. the entire deal is almost certainly on paper in all of its important terms. assuming one of the term sheets is softbank, they are finalizing their due diligence prior to the ultimate legal step of signing a formal agreement. my personal opinion, is that softbank must have virtually completed the due diligence process and is very confident of closure. this is pure inference on my part, based on the idea that their core business is mega-deals like this. i dont think they would publicly announce their intention without an extremely high probability of closure. right now management has very high credibility on the Street. they said they were in serious talks with a media conglomerate with internet investments and softbank has now publicly confirmed this. management delivered. therefore, the Street will and should assume that management's other public statements should be taken extremely seriously. what they have said, reading it closely, is that there is one other signed term sheet, and serious talks with at least two other potential partners that could lead to term sheets. softbank has said closure within 2 weeks of last thursday. the bond issue with heavyweight underwriters should be resolved the next day. the publicly stated genie offensive comes due at that time as well. on or around softbanks targeted date for closure, other important events are coming due. investors should be aware that there is always risk and uncertainty in the market. but it seems to me like the armies are gathering in the mountains, the plan is in place, the forces are in motion, the campfires are dimly lit as final preparations are concluded. we have a date with destiny. regards, kse <<