<SUBMISSION>
<ACCESSION-NUMBER>0001144204-06-024984
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20060615
<ITEMS>8.01
<ITEMS>9.01
<FILING-DATE>20060615
<DATE-OF-FILING-DATE-CHANGE>20060615
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>IDT CORP
<CIK>0001005731
<ASSIGNED-SIC>4813
<IRS-NUMBER>223415036
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>0731
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>001-16371
<FILM-NUMBER>06907665
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>520 BROAD ST
<CITY>NEWARK
<STATE>NJ
<ZIP>07102
<PHONE>973 438 1000
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>520 BROAD STREET
<CITY>NEWARK
<STATE>NJ
<ZIP>07102
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<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>v045580_8-k.htm
<TEXT>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>UNITED
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      D.C. 20549</strong></font></div>
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      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):</strong></font></div>
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      communications pursuant to Rule 425 under the Securities
      Act</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Item
      8.01.</strong></font><font id="TAB2" style="COLOR: black; LETTER-SPACING: 27pt">&#160;</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Other
      Events</strong></font></div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">On
      June
      15, 2006, the registrant issued a press release announcing that its Board of
      Directors had</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">
      authorized a stock repurchase program providing for the repurchase of up to
      twenty-five million (25,000,000) shares of Class B Common Stock and Common
      Stock
      without regard to class. IDT's Class B Common Stock and Common Stock trade
      on
      the New York Stock Exchange under the symbols "IDT" and "IDT.C", respectively.
      Shares of Class B Common Stock are entitled to one-tenth of a vote per share
      and
      shares of Common Stock are entitled to one vote per share. In all other respects
      shares of Class B Common Stock and Common Stock carry identical entitlements.
      There are currently 70,980,070 shares of IDT Class B Common Stock outstanding
      and 15,453,073 shares of IDT Common Stock outstanding.</font></div>
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    <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 36pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
      registrant also announced that its Board of Directors authorized the termination
      of IDT's previous stock repurchase program, under which IDT repurchased from
      May
      17, 2005 through January 23, 2006 a total of approximately 3.1 million shares
      of
      Common Stock, and 3.3 million shares of Class B Common Stock. At the time of
      termination of that program, there remained available 1.9 million of shares
      of
      Common Stock and 11.7 million of shares of Class B Common Stock available for
      repurchase under the plan.</font></div>
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      copy of
      the June 15, 2006 press release relating to the above events is attached hereto
      as Exhibit 99.1 and is incorporated herein by reference.</font></div>
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      Exhibits</font></div>
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                No.</font></div>
            </td>
            <td width="5%">&#160;</td>
            <td align="left" valign="top" width="85%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Document</font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.1</font></div>
            </td>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press
                Release of the Registrant dated June 15,
                2006.&#160;</font></div>
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      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.</font></div>
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            <td width="1%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
            <td width="49%"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;</font></td>
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                IDT CORPORATION</strong></font></div>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;<br>&#160;</font></td>
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            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">Dated:
              June 15, 2006</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">&#160;&#160;</font></td>
            <td><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: ">By:
              /s/&#160;James A. Courter</font></td>
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              <div><font size="2">James A. Courter </font></div>
              <div><font size="2"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Chief
                Executive Officer</font></font></div>
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      INDEX</font></div>
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                No.</strong></font></div>
            </td>
            <td valign="top" width="58%" style="border-bottom: black thin solid;">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Description</strong></font></div>
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              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="center"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">99.1</font></div>
            </td>
            <td align="left" valign="top" width="58%">
              <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Press
                Release of the Registrant dated June 15,
                2006.</font></div>
            </td>
          </tr>

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<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>v045580_ex99-1.htm
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<html>
  <head>
    <title>
</title>
</head>
  <body bgcolor="#ffffff">
    <div>&#160;</div>
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      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">
<IMG SRC="logo.jpg" ALT="LOGO">
</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>IDT
        Corporation Board of Directors Authorizes New Stock Buyback
        Program</strong></font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">NEWARK,
        N.J.&#160;&#8211; June 15, 2006 &#8211; IDT Corporation (NYSE: IDT, IDT.C) today announced
</font><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">that
        its
        Board of Directors has authorized a stock repurchase program providing for
        the
        repurchase of up to twenty-five million (25,000,000) shares of Class B Common
        Stock and Common Stock without regard to class. IDT's Class B Common Stock
        and
        Common Stock trade on the New York Stock Exchange under the symbols "IDT"
        and
        "IDT.C', respectively. There are currently 70,980,070 shares of IDT Class
        B
        Common Stock outstanding and 15,453,073 shares of IDT Common Stock
        outstanding.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">The
        Board
        of Directors also authorized the termination of IDT's previous stock repurchase
        program, under which IDT had authority to purchase an additional 1.9 million
        of
        shares of Common Stock and 11.7 million of shares of Class B Common
        Stock.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">About
        IDT</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">IDT
        Corporation, through its IDT Telecom subsidiary, is a facilities-based,
        multinational carrier that provides a broad range of telecommunications services
        to retail and wholesale customers worldwide. IDT Telecom, by means of its
        own
        international telecommunications backbone and fiber optic network
        infrastructure, provides its customers with integrated and competitively
        priced
        international and domestic long distance and domestic all-distance telephony
        and
        prepaid calling cards. IDT Entertainment is the IDT subsidiary focused on
        developing, acquiring, producing and distributing computer-generated and
        traditionally animated productions and other productions for the film, broadcast
        and direct-to-consumer markets. IDT Capital is the IDT division principally
        responsible for the Company's initiatives in brochure distribution, retail
        energy and new technologies. Net2Phone, Inc., a subsidiary of IDT Corporation,
        is a provider of high-quality global retail Voice over IP services and offers
        a
        fully outsourced cable telephony service to cable operators allowing cable
        operators to provide residential phone service to their subscribers.
</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="justify">&#160;</div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">IDT
        Corporation&#8217;s Class B Common Stock and Common Stock trade on the New York Stock
        Exchange under the ticker symbols IDT and IDT.C respectively.</font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 9pt; FONT-FAMILY: Times New Roman">Important
        Note: In this press release, all statements that are not purely about historical
        facts, including, but not limited to, those include the words &#8220;believe,&#8221;
&#8220;anticipate,&#8221; &#8220;expect,&#8221; &#8220;plan,&#8221; &#8220;intend,&#8221; &#8220;estimate,&#8221; &#8220;target&#8221; and similar
        expressions, are forward-looking statements within the meaning of the Private
        Securities Litigation Reform Act of 1995. While these forward-looking statements
        represent IDT&#8217;s current judgment of what may happen in the future, actual
        results may differ materially from the results expressed or implied by these
        statements due to numerous important factors, including, but not limited
        to,
        those described in IDT&#8217;s most recent report on SEC Form 10-K (under the heading
&#8220;Management&#8217;s Discussion and Analysis of Financial Condition and Results of
        Operations&#8221;), which may be revised or supplemented in subsequent reports on SEC
        Forms 10-Q and 8-K and other filings IDT may make with the SEC. </font></div>
      <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><br></div>
      <div align="left">
        <table cellpadding="0" cellspacing="0" width="100%">

            <tr>
              <td align="left" valign="top" width="27%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman"><strong>Contact:</strong></font></div>
              </td>
              <td align="left" valign="top" width="27%">&#160;</td>
            </tr>
            <tr>
              <td align="left" valign="top" width="27%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Gil
                  Nielsen, VP Corporate Communications</font></div>
              </td>
              <td align="left" valign="top" width="27%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">Yossi
                  Cohn, Investor Relations</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="27%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">IDT
                  Corporation</font></div>
              </td>
              <td align="left" valign="top" width="27%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">IDT
                  Corporation</font></div>
              </td>
            </tr>
            <tr>
              <td align="left" valign="top" width="27%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">973-438-3553</font></div>
              </td>
              <td align="left" valign="top" width="27%">
                <div style="DISPLAY: block; MARGIN-LEFT: 0pt; TEXT-INDENT: 0pt; LINE-HEIGHT: 1.25; MARGIN-RIGHT: 0pt" align="left"><font style="DISPLAY: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman">973-438-3858</font></div>
              </td>
            </tr>

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