(LVLT) - Level 3 Communications Message Board

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Technology Stocks : (LVLT) - Level 3 Communications

LVLT 53.63

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Nov 1 5:00 PM EST

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To: Jim Furley who wrote (181)	3/4/1998 1:08:00 PM
From: Jerry Miller	Read Replies (2) of 3873

Hi Jim, that comment i made about "waiting for the IPO" was not very smart, as it may turn out. here's why... we know the KIWIT D shares will turn into Level 3 shares automatically. if the rumor is true that KIWIT Ds will soon split again, 3-1, then anyone holding, say 500 shares of KIWIT now, will have 1500 shares after the split, but before the IPO. (or at the IPO) so, when Level 3 comes public you not only will have enjoyed the benefit of a split prior to the offering, you'll be in possession of more shares to participate in its initial run-up. it's a good deal all the way around. without knowing for sure, i think we have to give some credence to Dog's letter, published a few posts back. the stock started to run right after he said he received it. Jerry

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