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

To: Peter Yang who wrote (8431)	5/25/1999 11:03:00 PM
From: Peter Yang	Respond to of 30916

An informative post from YAHOO: >>Spoke w/ Howard in IR after the close. by: georgemcelroy I was at a payphone at a extremely busy intersection in Northern California when I made the daily call to my on-line broker (Bidwell) for a closing quote this afternoon (1PM PST). Needless to say, I probably aged 20 years after the news. At that moment, I was so angry that I immediately placed a call to David Branson (using my calling card from the payphone). Unfortunately, David was out of the office so I left a message indicating that I was disappointed in the recent performance of the stock. I also recommended that IDT make a statement (prior to the earnings announcement)that the fundamentals remain sound. I know that Capital One issued a statement such as this when the financial stocks sharply declined back in October. FYI..I have to say I have spoken with David directly in the past and he's a very bright guy and a great addition to the team. Given my past experiences, I would 'assume' that he's thinking the same thing. However, I was so outraged at that moment that I called back and asked to speak directly with Howard Jonas. I was connected to Howard (in IR) and here is a paraphrased version of what he had to say..... Recent Stock Decline do to: 1) Day Trading Activity 2) Margin Calls 3) Overall Market Trends Recent Stock Decline NOT DO to: 1) Company Fundamentals (everything is ok) Howard also mentioned that we will own 66% of the NTOP spinoff (which we know about). I asked if IDT would issue a statement tomorrow AM that the fundamentals remain solid and Howard mentioned that I contact David regarding the idea (which I had already done via Voicemail). Finally, he stated to 'hang in there'. If I had to interpret our discussion 'between the lines' I would guess that mgmt is really 'pissed off' that the stock is being manipulated by day traders & margin calls. Also, I sensed a feeling of confidence that mgmt truly feels that pending announcements & earnings will enhance shareholder value. In closing, it may be good idea to contact David and ask that the company issue a statement to support and stabilize the stock. Also, the recent decline of the stock is NOT RELATED to company fundamentals. PS - I apologize for any typos / spelling errors...I just got home and was anxious to share this info...Feel free to repost on other boards as necessary...I hope this was useful...Thanks....g

To: Peter Yang who wrote (8431)	5/25/1999 11:05:00 PM
From: S Wall	Read Replies (1) \| Respond to of 30916

From briefing.com Tech sector is nearing a pivotal juncture at which it will either turn sharply higher or continue its steady, unrelenting decline... Reason Briefing.com makes this claim is that number of leadership issues are now testing major support lines... Up until now correction, though painful, has been just that - a correction from overbought territory... But should stocks like Dell (DELL 34 9/16 -1 9/16), America Online 115 1/2 -4), Cisco Systems (CSCO 104 3/8 -5), Sun Microsystems (SUNW 55 1/16 -7/8), Amazon (AMZN 111 9/16 -5 15/16) and Yahoo! (YHOO 126 15/16 -10 15/16) actually start to close below their long-term moving averages or major congestive areas, institutional investors will throw in the towel... We're not there yet, but we are dangerously close.