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

To: SecularBull who wrote (2635)	11/13/2000 1:12:20 PM
From: jopawa	Respond to of 3873

From thestreet.com, and he's right fwiw. Seems gilder has no juice but to the downside, lol. Gilder Pulls Level 3 11/13/00 12:59 PM ET So Gilder pulls Level 3 (LVLT:Nasdaq)? Oh, here is a new worry -- if Gilder liked it, look out! They are really trashing the highfliers. No positions.

To: SecularBull who wrote (2635)	11/13/2000 2:14:14 PM
From: jopawa	Respond to of 3873

Analysts Disagree With Gilder By Ellen Sheng Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)--Shares of Level 3 Communications Inc. (LVLT) traded down 17% Monday on news that Gilder Technology Report dropped the company from its recommended list. In his report, George Gilder, president of Gilder Technology Group Inc., called into question the company's multiple conduit strategy. "For the most part, Level 3 continues to promote the fiber itself, and the conduits containing it, as the key factors in the unit cost competition," Gilder wrote in his report. Gilder believes that the company "has failed to grasp the new paradigm. That light is cheaper than fiber." Instead, Gilder favors the technology at rival company, 360Networks Inc. (TSIX), which, he notes, was able to complete network construction more quickly than Level 3. In his report, Gilder dropped Level 3 from his recommended list, replacing it with 360. Andrew Hamerling, analyst at Banc of America Securities, said that he is "of the opinion that Gilder's decision-making is crap." "Level 3 is a more substantial play," the analyst said, favoring the company's combination of optical electronics and fiber technology. The combination will allow for lower cost transmission, Hamerling noted. Vik Grover, analyst at Kaufman Brothers, acknowledged that Gilders concerns are "valid," but points out that those concerns were already priced into the stock at $85 per share. Making a negative comment on the stock now is like "looking in the rear view mirror," Grover said, calling Gilders comments "extremely reactive." With the stock now at $30 per share, Grover has raised his rating to strong buy from buy. The company preannounced its fourth quarter and said it would raise guidance, he said. Selling the stock now, which is trading at 1.4 multiple of asset value, is like saying you don't believe bandwidth demand will increase, he continued. Shares of Level 3 were recently trading at $30.25, down 16.3%, on volume of 7.9 million shares. Average volume is 3.8 million shares. -By Ellen Sheng, Dow Jones Newswires; 201-938-5176