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

To: Secret_Agent_Man who wrote (7560)	5/11/1999 7:37:00 PM
From: neverenough	Read Replies (3) \| Respond to of 30916

From tonights Bull Market Report, $$$$$ IDT ON TRACK TO SPIN-OFF NET2PHONE $$$$$ IDT ADDED TO AGGRESSIVE PORTFOLIO IDT Corp. (IDTC) cleared a hurdle to the anticipated initial public offering of its Net2Phone Internet telephony unit by wrapping up a $100 million bond repurchase program. The repurchase enables IDC to move forward with other financing opportunities and the firm said they were negotiating with other significant investors to replace the financing. There are rumors that that investor is Softbank, the same firm that owns a big chunk of Yahoo and 25% of E-Group. In addition, IDT confirmed that it is in talks with America Online and At Home about providing Net2Phone service to their respective members. COMMENT: How do we get our ideas? In this case we are using their service. We used to hate phone cards and suggested to ourselves that they would never be successful. We have come full circle and now believe that they will be big. IDT has two phone cards: One is the 8 cents a minute fiber line and the other is the Net2Phone service at 5 cents a minute. We are not happy with the quality of the 5 cent line yet, but it is SO CHEAP that we love it!! The phone number to sign up is 800-225-5438. SO, we want to be investors in this firm. We hereby add IDT to our Internet Portfolio at the opening price tomorrow. The all-time high is close to $40 set last year in March. The firm did $335 million in revenues last year, up from $135 million the year before and are on target to do well over $700 million in fiscal 1999 and the firm is profitable. We are preparing some financials for you and will have them ready in tomorrow's report. The market cap is about $1 billion and is a likely buyout target at some point. Our 12 month price target is $41, an increase of 39% over today's closing price of $29.50.

To: Secret_Agent_Man who wrote (7560)	5/11/1999 7:39:00 PM
From: TWICK	Read Replies (1) \| Respond to of 30916

Thanks very much CRUSADER. Great work. Twick

To: Secret_Agent_Man who wrote (7560)	5/12/1999 2:07:00 AM
From: blankmind	Read Replies (2) \| Respond to of 30916

this statement strikes me of revisionist history. Howard Jonas however, decided at that time that he wanted to be profitable first, and only after building a strong company, would he further expand the ISP and net2phone divisions. when idtc purchased genie, they discussed competing with aol. clearly aol and its emphasis on the isp business was the correct move in hindsight. whether jonas decided to postpone expanding the isp until idtc became profitable, would be a new twist on the facts. genie was clearly in decline when idtc purchased the company, and the technology needed to be re-engineered. idtc did not pursue the genie acquisition as they had envisioned up to this point, which finally appears to be changing. i only responded this time because this is not the first time i have seen this new spin on the isp side of idtc. whether or not idtc missed an opportunity on the isp, would require speculation based on the fact genie had serious problems and whether idtc had the resources to bring it up to where it needed to be. clearly the isp side has gathered dust in the closet, but idtc now seems to be focusing resources on this treasure. besides this statement, i find your post terrific. yes, you can criticize me for being petty:-)