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


To: Peter Yang who wrote (8811)6/3/1999 2:37:00 PM
From: vinh pham  Read Replies (2) | Respond to of 30916
 
Peter, as they said in the cc the earnings were negatively impacted due to higher tax (49% versus the usual 41%) and that this should be only temporary. i don't understand the corporate tax law at all, so i'm stomped on this as well. my only hope is that going forward IDT wouldn't have to be taxed at 49% as they said it would be resolved in the future. therefore, IMO, if increasing growth continues then earnings do too.