Leap Wireless International (LWIN) Message Board

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Technology Stocks : Leap Wireless International (LWIN)

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To: Moez who wrote (2557)	11/11/2002 8:34:20 AM
From: Jon Koplik	Read Replies (2) of 2737

Re : idea of getting telecom assets REAL cheap (either by waiting for a company to go bankrupt, or through other means) -- Just want to bring up what I believe I have read regarding (the "great") Warren Buffet and Level 3 Communications (LVLT) (a company that Berkshire Hathaway recently invested heavily in). LVLT's new "modus operandi" is to scoop up big chunks (or all shares) of distressed telecom companies -- now that so many are extremely distressed, and hopelessly in need of funding. What I have heard (so far) is : Every company that LVLT approached said (in effect) "Up yours ! We are NOT going to let you get your hands on our assets or our company at this point in time." (And at these ridiculously low price levels). It's as if Buffet's investing in LVLT was a signal to every telecom company : Hang on. It is the bottom of the telecom market RIGHT NOW. You will make a fortune if you can muddle through without letting anyone else get their hands on your shares or assets. Jon.

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