IDT Corporation Announces Completion of Its Ticker Symbol Changes
Company to ring the closing bell at the NYSE on March 19th
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Newark, NJ, March 19, 2003 – IDT Corporation (NYSE: IDT, IDT.C), a multinational carrier, technology and telephone company, is pleased to announce that as of today, it has completed the change of the Company’s ticker symbol for its common stock and for its Class B common stock. As of the opening of trading on March 19, 2003, IDT’s Class B common stock, which currently trades on the New York Stock Exchange under the symbol IDT.B, will trade under the symbol IDT. As previously announced on February 26, 2003, IDT’s common stock began trading under the symbol IDT.C.
To commemorate the second anniversary of IDT’s listing on the Big Board and the ticker symbol changes, Howard Jonas, Chairman of IDT Corporation and James Courter, CEO of IDT, will be ringing the closing bell at the New York Stock Exchange on March 19th. Mr. Jonas and Mr. Courter will be accompanied by prominent Americans with distinguished careers in public service. They include former Secretary of Defense, William Cohen, former Secretary of Housing and Urban Development, Jack Kemp, former New York City Police Commissioner, Howard Safir, former Governor of Virginia and head of “The Gilmore Commission,” Governor James Gilmore, and former Governor of Massachusetts, Governor William Weld, who are members of the Boards of Directors of IDT and its subsidiaries.
As of March 13, 2003, there were approximately 54.4 million shares of Class B common stock outstanding and approximately 25.0 million shares of common stock outstanding. Of these, approximately 4.0 million shares of Class B common stock and approximately 5.4 million shares of common stock were held by IDT Corporation.
IDT Corporation, through its IDT Telecom subsidiary, is a facilities-based, multinational carrier that provides a broad range of telecommunications services to its retail and wholesale customers worldwide. IDT Telecom, by means of its own national telecommunications backbone and fiber optic network infrastructure, provides its customers with integrated and competitively priced international and domestic long distance telephony and prepaid calling cards. IDT and Liberty Media own 95% and 5 % of IDT Telecom, respectively. IDT Media is the IDT subsidiary principally responsible for the Company’s initiatives in media, new video technologies and print media.
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Mar 19, 2003 |
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