IDT Leaps on Split - TheStreet

IDT

(IDTC)

was up 12.2% in early trading after it said it would split into two parts --

IDT Telecom

and

IDT Ventures

-- in a bid to boost shareholder value. The announcement came after the telecommunications services provider posted a loss of $1.37 a share for its fourth quarter, much worse than the year-ago 4 cent loss.