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


To: Jesica Dawnet who wrote (3250)7/31/2002 2:23:27 PM
From: Larry S.  Read Replies (2) | Respond to of 3873
 
Buffett typically invests in company thru convertible preferred, if he doesn't buy the company outright. There are incredible bargains in the clec and wounded telecom sector, can buy assets for literally pennies on the dollar. apparently, this is what they are going to try and do. don't bet against Buffett. larry



To: Jesica Dawnet who wrote (3250)8/2/2002 12:59:49 AM
From: H James Morris  Read Replies (1) | Respond to of 3873
 
Jesica, Bufett has two T's, not one.
BRKa closed up today $1450 ps.



To: Jesica Dawnet who wrote (3250)8/6/2002 8:09:27 AM
From: Leroyt  Read Replies (1) | Respond to of 3873
 
"Also, Mr. Buffet and party did NOT actually invest $500, and I believe it was a purchase of their debt in some form."

Do you have a clue of what you speak?

Did WEB et al invest $500 million? Yes. Subordinate debt to be converted to preferred shares when possible.

BTW: short intest increased through July 15 after WEB investment. Over 50 million. HUGE position. Will the shorts be crushed??

later, leroyt