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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: Robert Dwyer who wrote (512)	3/24/1998 3:05:00 PM
From: MangoBoy	Read Replies (1) of 3873

<< I came up with a current asset value of some $35-$40 per/share based upon how you would value the computer biz and coal properties. >> since the business plan calls for up to $10B in capital expenditures to build out the L3 network, and without the buildout L3 is nothing, wouldn't the true book value need to reflect that necessary, inevitable debt?

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