-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, HhXCBCE4KUYihgH0qRWEaxnuTOtJgjDdZX0rjYAaU5gjRXcbwNJzcctY5ryk/BG2 lBw52qOm6QLjANY1pbGCeA== 0000950134-04-001789.txt : 20040213 0000950134-04-001789.hdr.sgml : 20040213 20040213154854 ACCESSION NUMBER: 0000950134-04-001789 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20040213 GROUP MEMBERS: DAVID EINHORN GROUP MEMBERS: GREENLIGHT CAPITAL INC SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: IDT CORP CENTRAL INDEX KEY: 0001005731 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 223415036 STATE OF INCORPORATION: DE FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-48167 FILM NUMBER: 04598862 BUSINESS ADDRESS: STREET 1: 520 BROAD ST CITY: NEWARK STATE: NJ ZIP: 07102 BUSINESS PHONE: 973 438 1000 MAIL ADDRESS: STREET 1: 520 BROAD STREET CITY: NEWARK STATE: NJ ZIP: 07102 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GREENLIGHT CAPITAL LLC CENTRAL INDEX KEY: 0001040272 IRS NUMBER: 133886851 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 420 LEXINGTON AVE SUITE 875 CITY: NEW YORK STATE: NY ZIP: 10170 BUSINESS PHONE: 2129731900 MAIL ADDRESS: STREET 1: 420 LEXINGTON AVENUE STREET 2: SUITE 875 CITY: NEW YORK STATE: NY ZIP: 10170 SC 13G/A 1 d12668asc13gza.htm AMENDMENT NO. 1 TO SCHEDULE 13G sc13gza
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G/A

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO
RULES 13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)

(Amendment No. 1)

IDT CORPORATION

(Name of Issuer)

Class B Common Stock, par value $.01 per share

(Title of Class of Securities)

448947309

(Cusip Number)

December 31, 2003

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

        o Rule 13d-1 (b)

        x Rule 13d-1 (c)

        o Rule 13d-1 (d)

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13G/A
CUSIP No. 448947309
  1. Name of Reporting Person:
Greenlight Capital, L.L.C.		 I.R.S. Identification Nos. of above persons (entities only):
  2. Check the Appropriate Box if a Member of a Group*
    (a) o  
    (b) o  
  3. SEC Use Only:
  4. Citizenship or Place of Organization:
Delaware
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
5. Sole Voting Power:
2,015,000
6. Shared Voting Power:
0
7. Sole Dispositive Power:
2,015,000
8.Shared Dispositive Power:
0
  9.Aggregate Amount Beneficially Owned by Each Reporting Person:
2,015,000
  10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares*
o
  11.Percent of Class Represented by Amount in Row (9):
3.9%**
  12.Type of Reporting Person*
OO

*SEE INSTRUCTIONS BEFORE FILLING OUT

**SEE ITEM 4(b).

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13G/A
CUSIP No. 448947309
  1. Name of Reporting Person:
Greenlight Capital, Inc.		 I.R.S. Identification Nos. of above persons (entities only):
  2. Check the Appropriate Box if a Member of a Group*
    (a) o  
    (b) o  
  3. SEC Use Only:
  4. Citizenship or Place of Organization:
Delaware
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
5. Sole Voting Power:
1,850,800
6. Shared Voting Power:
0
7. Sole Dispositive Power:
1,850,800
8.Shared Dispositive Power:
0
  9.Aggregate Amount Beneficially Owned by Each Reporting Person:
1,850,800
  10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares*
o
  11.Percent of Class Represented by Amount in Row (9):
3.6%**
  12.Type of Reporting Person*
CO

*SEE INSTRUCTIONS BEFORE FILLING OUT

**SEE ITEM 4(b).

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13G/A
CUSIP No. 448947309
  1. Name of Reporting Person:
David Einhorn		 I.R.S. Identification Nos. of above persons (entities only):
  2. Check the Appropriate Box if a Member of a Group*
    (a) o  
    (b) o  
  3. SEC Use Only:
  4. Citizenship or Place of Organization:
U.S. Citizen
Number of
Shares
Beneficially
Owned by
Each Reporting
Person With
5. Sole Voting Power:
3,903,300
6. Shared Voting Power:
0
7. Sole Dispositive Power:
3,903,300
8.Shared Dispositive Power:
0
  9.Aggregate Amount Beneficially Owned by Each Reporting Person:
3,903,300
  10.Check if the Aggregate Amount in Row (9) Excludes Certain Shares*
o
  11.Percent of Class Represented by Amount in Row (9):
7.5%**
  12.Type of Reporting Person*
IN

*SEE INSTRUCTIONS BEFORE FILLING OUT

**SEE ITEM 4(b).

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Item 4 Ownership.
Item 10 Certification.
SIGNATURE
Joint Filing Agreement

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AMENDMENT NO. 1 TO SCHEDULE 13G

     This Amendment No. 1 to Schedule 13G (the “Schedule 13G”), relating to shares of Class B Common Stock of IDT Corporation, a Delaware corporation (the “Issuer”) is being filed with the Securities and Exchange Commission (the “Commission”) as an amendment to the initial Schedule 13G filed with the Commission on March 20, 2003 (the “Original Schedule 13G). This statement is being filed on behalf of Greenlight Capital, L.L.C., a Delaware limited liability company (“Greenlight LLC”), Greenlight Capital, Inc., a Delaware corporation (“Greenlight Inc” and together with Greenlight LLC, “Greenlight”) and Mr. David Einhorn, principal of Greenlight.

     This Schedule 13G relates to shares of Class B Common Stock, $0.01 par value, of the Issuer (the “Class B Shares”) purchased by Greenlight LLC for the account of (i) Greenlight Capital, L.P., of which Greenlight LLC is the general partner, (ii) Greenlight Capital Qualified, L.P., of which Greenlight LLC is the general partner and (iii) Greenlight Capital Offshore, Ltd., to which Greenlight Inc acts as investment advisor. This Schedule 13G also relates to Class B Shares purchased by affiliates of Greenlight for the accounts of (i) Greenlight Masters, L.P., (ii) Greenlight Masters Qualified, L.P. and (iii) Greenlight Masters Offshore, Ltd.

 
Item 4    Ownership.

     Item 4 of the Original Schedule 13G is hereby amended and restated in its entirety as follows:

  (a)   Greenlight is the beneficial owner of 3,865,800 shares of Class B Common Stock. Mr. Einhorn is the beneficial owner of 3,903,300 shares of Class B Common Stock.

  (b)   Greenlight is the beneficial owner of 7.5% of the outstanding shares of Class B Common Stock. This percentage is determined by dividing 3,865,800 by 51,814,470, the number of shares of Class B Common Stock issued and outstanding as of December 10, 2003, as reported in the Issuer’s quarterly report on Form 10-Q filed December 15, 2003. Mr. Einhorn is the beneficial owner of 7.5% of the outstanding shares of Class B Common Stock. This percentage is determined by dividing 3,903,300 by 51,814,470, the number of shares of Class B Common Stock issued and outstanding as of December 10, 2003, as reported in the Issuer’s quarterly report on Form 10-Q filed December 15, 2003.

  (c)   Greenlight has the sole power to vote and dispose of the 3,865,800 shares of Class B Common Stock beneficially owned by it. As the principal of Greenlight and its affiliates, Mr. Einhorn may direct the vote and disposition of the 3,903,300 shares of Class B Common Stock beneficially owned by Greenlight and its affiliates.

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Item 10    Certification.

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

 
Exhibits    Exhibit 1

Joint Filing Agreement dated February 10, 2004, among Greenlight and David Einhorn.

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SIGNATURE

     After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

     Date: February 10, 2004

         
    Greenlight Capital, L.L.C.
         
    By:   /S/ DAVID EINHORN
       
        David Einhorn, Senior Managing Member
         
    Greenlight Capital, Inc.
         
    By:   /S/ DAVID EINHORN
       
        David Einhorn, President
         
    /S/ DAVID EINHORN
   
    David Einhorn

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EXHIBIT 1

JOINT FILING AGREEMENT

     In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Class B Common Stock, par value $.01 per share, of IDT Corporation, and further agree that this Joint Filing Agreement shall be included as an Exhibit to such joint filings.

     The undersigned further agree that each party hereto is responsible for the timely filing of such Statement on Schedule 13G and any amendments thereto, and for the accuracy and completeness of the information concerning such party contained therein; provided, however, that no party is responsible for the accuracy or completeness of the information concerning any other party, unless such party knows or has reason to believe that such information is inaccurate.

     This Joint Filing Agreement may be signed in counterparts with the same effect as if the signature on each counterpart were upon the same instrument.

     IN WITNESS WHEREOF, the undersigned have executed this Agreement as of February 10, 2004.

         
    Greenlight Capital, L.L.C.
         
    By:   /S/ DAVID EINHORN
       
        David Einhorn, Senior Managing Member
         
    Greenlight Capital, Inc.
         
    By:   /S/ DAVID EINHORN
       
        David Einhorn, President
         
    /S/ DAVID EINHORN
   
    David Einhorn

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