Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: SAMS BONE who wrote (39372)	5/11/1999 3:29:00 PM
From: Hope	Respond to of 120523

From the SMOD thread, reports next Wed 5/19, huge volume today: : VIEWS AND NEWS,SMART MODULAR TECHNOLOGIES 5/11/99 2:30 pm... MODULAR (SMOD 16-3/4) UP 1-3/8, SG COWEN RATES BUY... Analyst Amy Lubas tells MarketScope thinks new value players have been driving stock higher over past few days... Notes co. expected to report 2Q results next Wed... Expects 2Q to come in line or slightly better than her $0.28 EPS, $250M sales ests... Says memory module market trends strong, communication division cost issues now under control... Also says embedded systems, which in past few quarters were sluggish, now picking up... Rates buy at current levels... Stock currently trading at about 10x $1.60 FY 00 EP... Has $35-$37 price target, a deserving multiple of 22x-23x FY 00 EPS./Trombino -0- SMOD $ (1382) 05-11-99 02:41 PM EST

To: SAMS BONE who wrote (39372)	5/11/1999 3:32:00 PM
From: Doug Robinson	Respond to of 120523

IDTC-BIG NEWS CBS Mktwatch! Net2Phone unit in talks with AOL, AtHome By Steve Gelsi, CBS MarketWatch Last Update: 2:25 PM ET May 11, 1999 NewsWatch HACKENSACK, N.J (CBS.MW) -- IDT Corp. on Tuesday cleared a hurdle to the anticipated initial public offering of its Net2Phone Internet telephony unit by wrapping up a $100 million bond repurchase program. IDT (IDTC: news, msgs) said in a statement that it has consummated the tender offer for its 8.75 percent senior notes, having repurchased $99.6 million of the $100 million principal of notes originally issued in Feb., 1998. Restrictions on the notes prevented an IPO of Net2Phone. The repurchase enables IDC "to effect one or more possible financing transactions involving Net2Phone," The company said Tuesday. The company, "is negotiating with other significant investors," according to the statement. "The IPO at this point is pretty much irreversible," said Ray Cuello, a bond trader and securities principal at the Investment Center. "They've drawn down on a facility who's sole purpose was to fund a financing such as an IPO. That was the primary purpose of the tender offer. The process today became irreversible." CBS.MarketWatch.com reported last month that the bond issue was nearing completion, setting the stage for an IPO. See related story. IDC's spokeswoman Sarah Hoffstetter declined to comment beyond the wording in the company's press release. She also declined comment on a statement last month by Softbank that Internet venture capital firm was about to close on a financing deal with Net2Phone. See related story. Gary E. Rieschel, executive managing director of Softbank Technology Ventures' West Coast office, did not return calls seeking comment on the status of Softbank's deal with Net2Phone. AOL talks Separately, IDT company confirmed that it's in talks with America Online (AOL: news, msgs) and At Home (ATHM: news, msgs) about providing Net2Phone service to their respective members. "We're talking to a lot of people," Hofstetter said. "Nothing has been signed." An AOL spokeswoman declined to comment. AtHome representatives did not immediately return a call seeking comment. Shares of IDT rose 7/8 or about 3 percent to 27 1/4 on Tuesday. Net2Phone COO David Greenblatt, quoted in the trade magazine Sounding Board, said America Online may soon be a partner via its ownership position of Netscape. Netscape announced a deal to offer Net2Phone service in its browser about two months ago. Greenblatt said IDT is weaving Net2Phone service in with the chat component of the upcoming release of Netscape Communicator 5.0, including a software that protects privacy in chat rooms by sealing off phone numbers of callers. Greenblatt said AOL will be enabling its users to engage in voice chat by supplying them the new Navigator software. New plugs IDT spokeswoman Hoffstetter said the Greenblatt was quoted accurately in the article, but she stressed that nothing has been finalized. AOL spokeswoman Tricia Primrose declined to comment. Last week, Ziff-Davis (ZD: news, msgs) unit ZDNet said it's creating an Online Communications Center, where Net2Phone will be the preferred Internet telephony provider. ZDNet is also integrating Net2Phone's PC-to-phone, phone-to-phone, and unified messaging on ZDNet's Web sites.