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Technology Stocks : MRV Communications (MRVC) opinions?
MRVC 9.975-0.1%Aug 15 5:00 PM EST

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To: Greg h2o who wrote (24107)9/19/2000 4:33:15 PM
From: James Calladine  Read Replies (1) of 42804
 
OFF TOPIC (Level 3)

<<<Banc of America analyst Andrew Hamerling couldn't have been more embarrassed. When Hamerling introduced James Crowe, Level 3's (LVLT:Nasdaq - news) president and CEO, he launched into his gush about Crowe by referring to him as the head of archrival Qwest Communications (Q:NYSE - news). Hamerling, realizing his gaff, stammered and flushed deep crimson and corrected himself.

For a little background, Hamerling has been an unshakeable bull on Level 3, routinely touting it over competitors such as Qwest and Williams Communications (WCG:NYSE - news). (His firm has no banking ties to Level 3.) So for Hamerling to flub his biggest intro of the weeklong conference, it was rather, well, shocking. The crowd of 250 money managers let out a collective "oops." (No, not like Britney Spears.)

Moments later Crowe got behind the podium and without a smile thanked Hamerling and added, "I'd also like to thank our host today, Goldman Sachs." A loud sustained laugh went up from the crowd as Hamerling hunched down in his chair. Crowe never smiled and he didn't correct the statement. Perhaps Banc of America will continue to have no banking ties to Level 3. >>>

Best wishes,
Jim
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