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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: Dee Jay who wrote (12934)	1/24/2000 8:57:00 AM
From: Dee Jay	Respond to of 21876

from the NYTimes today: "Level 3 Sets $6 Billion Telecom Network Expansion Filed at 8:30 a.m. ET By Reuters NEW YORK (Reuters) - Level 3 Communications Inc. (LVLT.O) said on Monday it planned to spend $3.5 billion in capital expenses in 2000 and $2.5 billion in 2001 as the company builds out its fiber-optic networks around the world. The company also said in a statement it expected revenues from its telecommunications sectors to reach $750 million in 2000, and $1.7 billion in 2001. Level 3 is building a high-speed network that connects cities in the United States and a similar network in Europe. It is also developing facilities in Hong Kong and Tokyo, and plans to build an undersea cable system linking those areas. Shares of Level 3 closed at 110-1/2 on Friday on the Nasdaq stock market, just below its year high of 111." nytimes.com