(LVLT) - Level 3 Communications Message Board

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Technology Stocks : (LVLT) - Level 3 Communications

LVLT 53.63

0.0%

Nov 1 5:00 PM EST

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To: IngotWeTrust who wrote (2352)	3/31/2000 8:41:00 PM
From: halftime	Read Replies (1) of 3873

Don't know how you figure LVLT is behind schedule with their buildout. Use this site to look at progress. level3.com\|network\|buildoutprogress,00.html At last quarterly meeting J Crowe stated that the buildout was slightly ahead of this schedule. You're right coal mining and fiber optics have nothing in common. LVLT took claim of the Kiewit coal properties in the spin-off of Kiewit's diversified group in 1998. The same year LVLT came public. Some things you may not know about this company. 1. This is the same management team that started MFS communications about a decade ago. Before they were purchased by MCI Worldcom (14 billion) about 3 yrs ago they had built a state of the art fiber optics network. They also purchased UUNET which to this day is still part of MCI. It has more points of presence on the net than AT+T and Sprint combined. This particular point is the hang-up the government has w/ the proposed MCI takeover of Sprint. 2. Walter Scott is the COB of LVLT. He is the retired COB and CEO of Peter Kiewit Son's Construction Co. The vision for LVLT was hatched about 5 years ago @ a meeting in Scotland or Ireland I believe. The notables in attendence were Bill Gates and Warren Buffet. It was after this meeting that the principles of MFS were brought back together to build the new network. 3. At present LVLT has about 3,000,000 sf of colocation space (rents for Approx. 125.00/sf/yr). The business plan calls for elasticity in the price of fiber optics. That is, if supply and quality is of such demand that more quantity is needed then the price will decrease as demand increases. This works real well if a company has additional empty conduits to fill with the next generation of fiber. The next generation is cheaper to install because the conduit is already in the ground. Plus each new generation of fiber can haul more information. LVLT could become the carriers carrier. 4. Don't sell this management team short. These assets will be worth much more to a major telco in the future than the cost that is associated with them in the present. If I remember correctly Worldcom bought MCI for 80B and has offered 120B for Sprint. Telco networks are not getting any cheaper to buy and not many are all fiber. Good Luck with your investing.

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