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


To: Augustus Gloop who wrote (6958)4/30/1999 10:36:00 AM
From: David Wise  Read Replies (1) | Respond to of 30916
 
Nas, I'll try not be overreactive. Some of my harsh posts have also been in defense of the 'lone voices' out there who I felt were unjustly flamed. I'll even try to leave Hawaii alone. May post a contrary view if necessary, but probably not to him.

Re: this Monday, since the last consent agreement expires today on the bonds, I'm sure some people are expecting an announcement as early as Monday. If the other NASDAQ hadn't been dropping the last couple of days, IDTC would probably have risen more in anticipation. Don't be surprised if we get some answers on Monday, such as a registration filed, or a statement of their strategy with investors. I'm very curious to see if RNWK mentions IDTC on Monday. I may well be wrong about a sell off if there is no announcement Monday. Even if not, shouldn't fall much (unless the overall market crashes today or Monday).

I'm still playing very conservative these days and have taken no position (except flips, as I've stated before).