IDT Corporation (IDT): $$$==IDT AND NET2PHONE AGREE TO MERGER 2...

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Re: roger wilco post# 69

Wednesday, 07/04/2012 9:34:24 AM

Wednesday, July 04, 2012 9:34:24 AM

$$$==IDT AND NET2PHONE AGREE TO MERGER 2006==$$$

Net2Phone was purchased BY IDT for $28million, but at the time of the purchase Net2Phone was losing money...
http://www.idt.net/about/press/story.aspx?id=14321

Mar 9, 2006 – Net2Phone said Q2 year-over-year revenues jumped 45 percent to $25.8 million, while its net loss narrowed to $4.1 million versus $10.6 ...
http://www.cedmagazine.com/news/2006/03/net2phone-narrows-losses,-widens-revenues

even if they pay $28million for Send Global we could be talking .07+ ,, but the fact that Send Global has a positive net income and increased the revenues over 50% from 2010 to 2011 .. makes her a attractive BUY OUT...
http://blog.tmcnet.com/blog/tom-keating/voip/idt-buys-net2phone-for-281-million.asp

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