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To: Alomex who wrote (143629)	7/8/2002 6:45:34 PM
From: Alomex	Respond to of 164684

From cnnfn: For one, Buffett invested in a private placement of Level 3 bonds with a yield of 9 percent that can be converted into stock at the price of $3.41 a share. Level 3's stock surged to $4.36 on Monday and the common shares do not pay a dividend. So Buffett is not only getting a discount to the market price, he's also getting paid to wait. That makes his risk a lot lower than the average investor who might buy Level 3's stock. And the average investor can't buy these convertible notes. In addition, Buffett isn't exactly betting the ranch on Level 3. "This has to be put into context. $100 million is not a lot of money for Buffett," says Paul. money.cnn.com

To: Alomex who wrote (143629)	7/8/2002 7:03:12 PM
From: H James Morris	Respond to of 164684

<<I think the press reports are quite misleading and if LVLT ever goes bankrupt will see lawsuits refering to this specific press release.>> I think you're missing the fact that LVLT did go Busto.