(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: nick stalin who wrote (62)	2/13/1998 9:58:00 AM
From: MangoBoy	Read Replies (1) of 3873

<< Will the ratio of conversion of KIWT stock be equal to the expected IPO of Level 3? >> i don't know. right now the market cap is $5.4B which includes the $1.2B expected from sale of energy assets, the as-yet unsold coal mining, the toll road in california, the telecom assets, the stake in RCNC, the MFS-alum management team, and a business plan (QWST's business plan actually). winging it, one could easily arrive at a book value of over $20 a share. we'll get a better sense once a prospectus is published. right now there's a 3% float so the price might be a little high. QWST's market cap is around $7B. how quickly can L3 build out? i'm skeptical they could do it any faster than QWST: most all of QWST's trenches were dug by railcar-based equipment under pretty optimal conditions, most of the rights-of-way were secured (cheaply) before the first fiber went into the ground, and they have a world-class installation organization. mark

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