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IDT Corporation Message Board

  • kennedy_style_entrepreneur kennedy_style_entrepreneur Dec 17, 1998 9:08 PM Flag

    IDT Should Announce the IPO Underwriters

    It has occurred to me that any concerns
    about
    idt's investor policy will be anwered with
    five
    stars....once the underwriters for the
    spinoff/ipo are
    formally chosen and announced.

    Some things are more
    important than others;
    this is important.

    In this
    market, considering the quality of
    what will make up
    the ipo/spinoff....the
    combinatin of net2phone,
    click2call, ist,
    with portal possibilities to
    boot...the
    spinoff project will attract a very high
    powered group
    of underwriters. There
    will probably be more than
    one, and some
    leading street ipo players will very

    likely be included among the underwriters.

    This
    is important for two reasons. First
    the clout of
    the underwriters will go
    towards the projects
    success, maximizing
    the benefit of the spinoff or ipo
    to idt
    shareholders.

    Second, equally
    important, the birth of
    the idt internet company will be
    mid-
    wifed from an investor policy and
    strategy
    perspective by some of the
    best in the business. We will
    have,
    in effect, an instant first rate, five
    star
    team....spearheaded by power player
    underwriters....who will be
    essentially
    leading the IR charge for the new idt
    internet
    company.

    Investors might start doing some numbers
    about how the
    ipo could effect shareholder
    value. be
    conservative....use steve harmon's
    framework.....use conservative
    numbers about
    how many spinoff shares will be
    afforded
    to idt shareholders...and be conservative
    about
    where the spinoff might trade.

    i will post my
    own figures soon, but every
    investor might
    consider their own estimates,
    high, low, or middle. and
    you can assume
    the usual run up after these sell
    offs or
    not. compared to today's price 13-14,
    it
    is a bargain.

    in the meantime, the company
    can put out a
    release announcing the underwriters
    any
    time.....this will have a major impact
    with market
    credibiliy for the company,
    and the experience of the
    underwriting
    team will give idt the best investor
    relations
    capacity, for spinoff purposes,
    it has ever had.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I believe selling below 14 is a mistake. For
      those who sold today below 13, I think they fell into
      the MM's trap. When the frustration increases, people
      likely make mistake like this. I am really frustrated
      with this stock, but I don't think selling at this
      point is a smart thing to do. Look at the price of
      Idtc. It is cheap and attractive. That was why I didn't
      sell it today. I know I made a big mistake buying this
      thing at 19. I should wait and buy this at 14. Now I
      have to wait for this thing to rebound. I am
      frustrated with the company. Like I said, good news won't
      help at this point, because the company released good
      news at the bad time and caused the stock to lose
      momentum. Take the example of the news on monday. It was
      big, but It was released on the bad day and caused new
      investors lose confidence. The next day, they released
      another news, but who cared. The news on the day before
      was big and didn't help the stock at all. So why
      should new investors buy idtc. Some people thought the
      management have done a good, but I don't....

    • Kennedydik, blow it out your hinnie ! This inept
      group of bumbling idiots you call "investor relations"
      deserve nothing less than being fired along with Jonas
      for turning his back on
      all of this while the co's
      market cap plunged 36% !!! The dog now has fleas. Any
      hope of doing investors well with the spinoff IPO is
      dead now ... institutions and individuals don't trust
      these pukes now. SAD, IDTC had potential to grow up and
      be a viable Fortune 500 firm. Now its hangin by its
      short hairs and the alligators are jumping higher. Get
      out while you can before it goes below $10 !!

    • i checked again IDT.net. with 3-d portal, net2phone, and isp ipo, this stock is worth at least $100. just wait few days.

 
IDT
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