Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Win-Lose-Draw who wrote (92449)	7/8/2002 11:50:26 AM
From: thecalculator	Read Replies (1) of 99280

biz.yahoo.com If this sector is going to blow away, and LVLT is such high risk, why would these guys 'offer debt' as you put it? They still put their money at risk. "We invested in Level 3 to take advantage of consolidation opportunities," said Longleaf adviser O. Mason Hawkins, chairman and chief executive of Southeastern Asset Management. "We believe these opportunities are substantial." The investment could touch off consolidation in the sector, Level 3 Chief Executive James Crowe said. "The telecommunications industry is going through a period of unprecedented turmoil," Crowe said. "The shakeout is creating extraordinary opportunities as telecommunications companies, their network assets and customer bases become available."

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