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

To: Bald Man from Mars who wrote (7995)5/19/1999 7:53:00 PM
From: Manly  Read Replies (1) | Respond to of 30916
 
Hey BMFM!!!!

Here's some news that just came over my email from Bulltrade Newsletter - May 20th, 1999

IDTC - Our euphoria may have been a bit premature, but we still have
utmost confidence that IDTC will reach the high 30's or low 40's in a
short time. We think many investors were scared off when they realized
they would not be receiving any NTOP shares in exchange for their IDTC
shares. While this is somewhat disappointing, the reality is that 66% of
the NTOP IPO will be factored into IDT's share price. Since IDT owns
a 66% stake in NTOP, they will also own a 66% stake in NTOP's market
cap. We also expect some upgrades shortly, so hold on. When the
financial rewards come, they will have been well worth the wait.

Glenn



To: Bald Man from Mars who wrote (7995)5/19/1999 9:16:00 PM
From: Bill Lotozo  Read Replies (1) | Respond to of 30916
 
Bald Man,

I agree with you. Also, it doesn't look like current idt stock holders will get shares of the ipo, just the proceeds back to idt. I don't think this is going to be able to push idt's price up much. I would prefer shares in n2p. With the ipo, the best growth portion of idt goes and we get the offering price but none of the growth from the new stock.

Bill


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