IDT (IDT) is a serial spinner. Over the life of this blog alone the telecommunications company helmed by former hot dog stand operator/current billionaire Howard Jonas has spun off oil & gas assets (Genie Energy, GNE), ringtones (Zedge, ZDGE) and intellectual property/spectrum assets (Straight Path Communications). Quite an odd assortment of assets for a telecom company, but it… Read More »
Hey, we know what you’re thinking. You wish there was a way to invest in a pure-play ringtone and phone wallpaper company. Well, thanks to IDT(IDT), you will not have to wish much longer. IDT has filed a form 10 as the first step in spinning off its majority stake in Zedge. Zedge, in case you missed it… Read More »
IDT (IDT) has a history of spinoffs, and in the middle of 2013, the company spun off a bunch of its intellectual property and spectrum assets into Straight Path Communications (STRP). Suffice it to say, expectations were low. The company had previously attempted to monetize these assets and failed. The business and assets were difficult to understand and… Read More »
As expected, Straight Path Communications(STRP) began trading today following its spin off from IDT(IDT). We previously described the interesting background of the new company’s CEO, David Jonas(we wonder how many other pulpit Rabbis run public companies). Rabbi Jonas is quite optimistic about the company’s prospects: SPCI’s President & Chief Executive Officer, David Jonas, said, “The spin-off of Straight… Read More »
IDT appears to be making progress on the spin off of its intangible assets as the company recently announced that Straight Path Communications Inc (SPCI) had filed a Form 10 with the SEC . While a distribution date has yet to be announced, IDT shareholders (both Class A & B) are expected to receive 1 share of SPCI for… Read More »