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

To: Softechie who wrote (3005)	7/27/2001 4:15:36 PM
From: IngotWeTrust	Read Replies (1) \| Respond to of 3873

Boy, that was just plumb inspirin' readin'...might be, could be, thinking about,maybe oughta...what a BIRDbrain is running this company... Doesn ANYONE besides me see the macabre humor in this Reuters Release quote: Reedy said Level 3 is trying to act preemptively.* (Thomas Reedy, who owns Level 3 bonds and helps run the $1.6 billion Oppenheimer Champion Income Fund.)* It's absolutely ludicrous for a grown man bond fund manager to be caught uttering such an inanity in public forum, let alone within earshot of a Reuters reporter. Preemptive? This announcement comes at a time when LVLT is at 95% haircut level for share prices, from $132ish to today's renewed sell-off which closes at $4.50ish per share with this so divinely welcome preemptive "good" news announcement... ...with today's announcement of an amended senior secured credit management agreement...as the result of recent strong armed J.P. Morgan Chase and Co. creditor... ...with said renegotiation resulting in dilution of existing shareholders in absurd quantities... If that is "pre-emptive" at this late date, I'd hate to see an "pro-active" plan for rescuing the screwed shareholders in this pathetic stock. GOOOOD Grief!!!