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

To: CYBERKEN who wrote (8056)	5/20/1999 3:23:00 AM
From: CYBERKEN	Respond to of 30916

Haven't seen news on those floorless ragtops yet. ROFLMAO!!

To: CYBERKEN who wrote (8056)	5/20/1999 8:48:00 AM
From: Hawaii60	Read Replies (1) \| Respond to of 30916

(COMTEX) B: Executive Business Briefing B: Executive Business Briefing Here's a look at the hour's top business stories: Today is Thursday, May 20th. Japanese Stocks finished higher. The Nikkei Stock Average gained 71. 81 points on Thursday to close at 16,199.99. Before Thursday's rise, the Nikkei Average had lost 819.19 points over the previous five full trading days. On Wall Street yesterday, investors managed to shake off their fears about interest rates and push stocks significantly higher. The Dow rose over 50 points to 10,887. The other major indexes also moved up. 30-year T-bills were especially popular yesterday after Tuesday's hint from the Federal Reserve that interest rates might rise within a few months. A sell-off of 2-year and 5-year bonds is expected. Tyco International will buy Raychem Corporation for $37 a share, or $2.87 billion. The deal will include over 16 million new shares of Tyco, plus about $1.4 billion in cash. Raychem is an international designer, manufacturer, and distributor of high-performance electronics products. Healtheon Corporation has reportedly agreed to merge with WebMD in a $5.5 billion dollar deal. CNN Financial says it learned from a board member at Healtheon that it would be a 50-50 merger of equals. The board at WebMD must still approve. U.S. Bancorp is buying Western Bancorp for $958 million in stock. U. S. Bancorp will pay $44 in stock for each share of Western Bancorp...a 29 percent premium above Western's closing price yesterday. U.S. Bancorp wants to expand its presence in California. Lycos _ after doing better-than-expected during the first quarter _ has announced a 2-for-1 stock split. It will probably take effect in late July. The price range for today's initial public offering by eToys Incorporated has been raised to $18 to $20. Originally it was $10 to $12. eToys is hoping to attract up to $166.4 million dollars through the Nasdaq for general business purposes. IDT Corporation filed an initial public offering for its Net2Phone unit. Net2Phone uses the Internet to make phone calls. The IPO says the principal stockholders in the $50 million offering are America Online, GE Capital, and Softbank. IDT would retain 66.2 percent of Net2Phone. Stock of Dell Computer slipped after the company announced first- quarter earnings were below expectations. Despite falling short, Dell's profits did rise 42 percent to $434 million dollars. That's 16-cents a share. * end of story *

To: CYBERKEN who wrote (8056)	5/20/1999 9:33:00 AM
From: David Wise	Respond to of 30916

Hawaii had predicted IPO by end of that week in March. Therefor, considering my post was on March 30, it was correct. There was no IPO. The purpose for the bonds is undisputed. They redeemed $100 million, plus an incentive to sell, plus paid legal costs, and refinanced $150 million. They stated at that time that they were considering a number of alternative financing arrangements, and everyone knew that an IPO of Net2Phone was one possibility - not a given. This became more certain as Softbank bought into Net2Phone v. IDTC in general.