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Technology Stocks : (LVLT) - Level 3 Communications -- Ignore unavailable to you. Want to Upgrade?

To: halftime who wrote (2376)	4/5/2000 3:26:00 PM
From: David C. Burns	Respond to of 3873

I believe that the usual valuation model for these enterprises that require huge front-end capital expenditures well in advance of the revenue (e.g., regulated telephone, regulated energy, semi-regulated cable, etc.) is to use a cash flow model. But the difference here is that nobody is around to guarantee a rate of return to LVLT in the early years. In general I like their business model, but wonder if they can fill the pipes fast enough.

To: halftime who wrote (2376)	4/11/2000 6:52:00 PM
From: IngotWeTrust	Read Replies (2) \| Respond to of 3873

Hi, half, sorry for the delay in answering your Qs. I've been out of town on business for the last week and didn't see your reply until just now. Yes, Buying is the easy part. Selling is the hard part. Most dupes never learn to sell when the crowd is clamoring for shares. They bail as it falls. Tickles me to hear folks defend ole CEO Crowe's puking up shares at a 4,000 share per day clip for 15 months or so, but if anyone else sells to get their money out or thinks those who haven't sunk a dime into it should stay out and go somewhere else "dislikes your LVLT" then they must be a pro-shorter from the "woodwork habitat for investing humanity." How funny!!!!!!!! The selling stench is coming from insiders led by Crowe and company. Lemme see... You asked if I'm part of the "old guard." No, can't say as I am. BUT, I'm cynical as hell, and am just the voice of experience speaking. I will speak to having been whupped into shape by "old guard" in my early brokerage career. It "feels" like a trainload of G&Ks landing on ones head when one's ambition is said to overreach and then upsets the deep-pockets in the Chi-town home office. Such an experience is not easily forgotten and negatively affects ones career development to put it mildly. So, nope, not bitter, just wiser and more experienced. There is another way to teach people, because I've done it differently with MY charges and am the better for having done so. Biggest difference 'tween me and Bill is this: he has more zeroes, that's all. Lesson's the same, and the old guard still has the knuckle busting ruler firmly gripped. You err when you state I've said the sky is falling. That is untrue. I've just said that construction companies don't make and sustain 1000% profit margins and maximize shareholder value through shoddy business practices, cost overruns, completion date pushouts and horrendous negative earnings. I also have NOT crawled out of the woodwork as you have so ungraciously characterized me. I stated why I was here, why I didn't like the stock, and poked around enough to see that I'm right and am content to go on my way. I'm putting my money into other tech sectors since last Tuesday's carnage and having a helluva good time doing so. Scale down buying of non-MONEYPIT construction company stocks is a carpe diem made to order! The money to be made in f/o buildout will be by investing in bandwidth operators, not the fiber optic glass-railleurs. On that DZ and I agree. G/Luck in your sinking ship stock. It's certainly not looking very pretty short term, eh? Oh, and one more thing...the govt can go screw themselves. They certainly have had lots of practice by working on the working stiffs like you and me, agreed?