UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT  
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): January 9, 2007
 
 
IDT CORPORATION
(Exact name of registrant as specified in its charter)
 
 
Delaware
 
1-16371
 
22-3415036
(State or other jurisdiction
of incorporation)
 
(Commission File Number)
 
(IRS Employer
Identification No.)

     
520 Broad Street
Newark, New Jersey
 
07102
(Address of principal executive offices)
 
(Zip Code)
 
Registrant’s telephone number, including area code: (973) 438-1000
 
Not Applicable
(Former name or former address, if changed since last report.)
 
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
 
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 8.01 Other Events.
 
On January 9, 2007, FFPM Carmel Holdings I, LLC, which is owned by IDT Carmel, Inc. (“Carmel”), a subsidiary of IDT Corporation’s IDT Capital division, and First Financial Portfolio Management, Inc. (“FFPM”) committed to purchase 12 monthly forward flow credit card debt portfolios from a major commercial bank. The total investment will depend on the size of the portfolios provided by the selling bank, and the maximum commitment is under $125 million for the 12 monthly portfolios. FFPM is to manage the portfolios, subject to Carmel’s approval rights over major decisions.

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SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
     
  IDT CORPORATION
 
 		  
 		  
 
  By:   /s/ James A. Courter           
  Name: James A. Courter
  Title: Chief Executive Officer 

Dated: January 16, 2007 

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