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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: DavidG who wrote (219)	3/10/1998 10:37:00 AM
From: Robert Dwyer	Read Replies (1) of 3873

Regarding my calculation of KIWT's valuation, I just used 145 million shares, $3 billion cash 48.5% of CABL, CTCO and RCNC - these are the three former Ctex properties that they currently own equal stakes of each. A guesstimate on the computer outsourcing business A guesstimate on the coal biz These are the company's assets that I could fined from their website and Judy Stangl at KIWT. I could be way off on the guesstimates since Cal Energy sale is worth as much as I assigned the last two items. I am probably low and you are probably closer. Regarding the three Ctex properties, CABL will probably be sold in my opinion. I live in Kingston, Pa.....near Wilkes-Barre the former home of CTEX before the Kiewit group bought controlling interest from the Sordoni Family. A lot of money was made by those who held CTEX in my area and there is unique interest in what the Kiewit Group is doing. CTCO, which is the old Commonwealth Telephone Company (forerunner to CTEX) is busy wiring local communities with fiber. I have it Kingston and cut my local phone bill in half under their aggressive pricing which is a complete package of local, long distance and internet service. (sounds familiar). I am not sure that KIWT won't keep this property but my instinct tells me they will peddle this as well. RCNC- which has a right of way in Boston from Boston Edison to wire fiber in the city and some suburbs, is another story. They have a foothold in NYC and are busy expanding their Boston network having just purchased the areas largest internet provider. Not sure that KIWT won't hold this position. By the way, this is just speculation on my part and I have no concrete knowledge in this regard. In sum, I think KIWT at an asset value of anywhere from $35-$55 is a very interesting situation. Stock seems to have a life of its own and I concur with those that think a full NASDAQ listing and a 3-1 split will do nothing but help this stock go higher....especially in light of the robust market for internet and telecommunication stocks.

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