(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: Kevin G. O'Neill who wrote (1741)	3/18/1999 6:47:00 PM
From: Patriarch	Read Replies (1) of 3873

RESEARCH ALERT - Level 3 started March 18, 1999 09:46 AM NEW YORK, March 18 (Reuters) - J.P. Morgan said Thursday it initiated coverage of Level 3 Communications Inc. LVLT with a long-term buy recommendation. -- fiscal year 2000 target valuation is $79. -- "Level 3 should achieve a low-cost position in the market for bandwidth delivery as it crafts a global end-to-end network that includes local, long-haul and international facilities from the ground up. -- "The company's network is incorporating the latest generation technology and will facilitate constant upgradability. -- "The company's management team has very strong experience in the competitive telecommunications industry and is richly funded, mitigating execution risks. -- "We expect Level 3's share price will be driven by management's performance in executing a business plan unique within the telecommunications space, including network development, technology deployment, service roll-out and customer acquisition." -- Shares were off 3/8 at 68-3/4 on Thursday. ((--Wall Street Desk (212) 859 1730)) REUTERS

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