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

To: Jules B. Garfunkel who wrote (8826)	6/3/1999 6:16:00 PM
From: orkrious	Read Replies (4) \| Respond to of 30916

Quiet thread given the recent debacle. I just listened to the CC. Besides the obvious of H. Jonas needing to take a public speaking class, I thought it was pretty good. It's too bad that they can't talk about much of what they're doing because of N2P in registration, because their business is exploding. Growth is going to be extraordinary. Howard by mistake let go that N2P caused approx $.10/share in losses. Without this we'd be at $.16. You could say that the higher SG&A caused another $.20 (this is going to support future business), giving us $.36. If you look at their earnings pre amort. and deprec. it is un unbelievable money maker. I suspect that a year from now, today's stock price will look like an unbelievable bargain. Jay

To: Jules B. Garfunkel who wrote (8826)	6/3/1999 11:56:00 PM
From: Diamondhead	Read Replies (2) \| Respond to of 30916

I hear you. I started reading Howard's book before the NTOP announcement and unfortunately didn't get around to finishing it until this past weekend. I wish I had finished it earlier because I would have (of course with hindsight now perhaps) realize that Howard will do what is best for the long term success of the company, and pretty much screw the short term situation and stockholders. He is in this for the glory of leading a big business and feeling good about employing people, not for the money. If it was a choice between squeezing out 2 cents more to meet estimates and make us happy or to add a little extra business /growth etc. five years from now, then he would do the later. For the very long term holders that will be best, but the wild swings in between will kill off many of us along the way. The really good CEO's do both...meet expectations and grow the company. With Howard having control of the company he is not beholden to the stockholder (other than himself) and so we don't matter and have little influence. He is a grow from within kind of guy so having an inflated stock price to buy up other companies is of no interest either. This may sound very negative, but I don't necessarily mean it so. It just the way it is. Unfortunately, most of us are in this for the money. Being a very small part owner of a leading/premier/etc. company in this or that is not something I go around telling people with a puffed up chest. Howard learned late in life that high finance was a worthy and important occupaton...(after he needed them unfortunately). I hope he realizes that we are just as important as employees. We all need to make a living like they do and that if he is as a moral , ethical and religious as he makes out to be in his book, then he will recognize that. Still long, Kevin 19 ...