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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	6/18/2001 9:11:37 AM
From: helius	of 37746

LVLT warns Nasdaq support 2029/20 , res 2043/63....2078/2104 Level 3 Comms (LVLT) 7.62: -- Update -- Chairman, CEO, CFO, and COO all agree not to sell shares in company until further notice; in a private transaction, the Chairman purchased 2.95 mln shares from the CEO. Conference call to discuss revised guidance and cost-cutting measures at 4:30 pm ET: 612-332-0530. Level 3 Comms (LVLT) 7.62: -- Update -- Company guides revenue and EBITDA numbers lower, citing economic slowdown; cuts 2001 revenue estimate to $1.53 bln from $1.62-1.72 bln, 2002 to $1.92-2.02 bln from prior guidance of $2.52-2.72 bln. Capex numbers also cut sharply to $3 bln from $3.3-3.4 bln for 2001, to $1.5 bln from $2-2.4 bln for 2002, and sets 2003 estimate of $1.3 bln. CIEN and GLW sell to LVLT.

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