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

To: Andrew H who wrote (8230)	5/22/1999 7:38:00 AM
From: rest42	Read Replies (1) \| Respond to of 30916

finally some real dissemination__GE Capital to Invest in Internet Phone Company, Web Site Says New York, May 21 (Bloomberg) -- GE Capital Corp., the financing arm of General Electric Co. and the world's largest non- bank finance company, will own 5.4 percent of Internet phone company Net2Phone Corp. after Net2Phone's initial stock offering, MarketWatch.com said. GE owns the NBC television network, which is affiliated with Snap Online, a World Wide Web site used as a gateway to other Web sites. Net2Phone already has distribution agreements with Web sites run by companies including Yahoo! Inc. and Netscape Communications Corp., MarketWatch.com said. On May 10, GE said it would merge the NBC television network's Internet assets with those of online direct marketer Xoom.com Inc. and CNET Inc.'s Snap.com, to create a new company, NBCi. (5/21 www.marketwatch.com) May/21/1999 17:06 For more stories from Bloomberg News, click here. (C) Copyright 1999 Bloomberg L.P. Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 1999 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.