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

To: DavidG who wrote (219)	3/7/1998 2:37:00 AM
From: zebraspot	Read Replies (1) \| Respond to of 3873

KIWT is clearly an on-the-come bet on management's outstanding track record and on the incredible future of the Internet. Doing a fundamental analysis now probably will only cause you to get nervous and think about selling. Better to not overthink right now. A little while ago I sold QWST after (over)analyzing it on fundamentals. Dumb move. And, of course, you almost never go back and buy 'em back at the higher price. Rather, you think you'll get a chance at a big discount, when everyone finally discovers how overvalued it is. In reality, that day never comes - or, if it does, it comes on bad news, and that bad news keeps you away. Hey, there are only so many geniune growth opportunities that come along in a lifetime. KIWT looks like a God-send. You just have to have the guts and good sense to do the easiest and hardest thing in the market to do: sit.

To: DavidG who wrote (219)	3/10/1998 10:37:00 AM
From: Robert Dwyer	Read Replies (1) \| Respond to of 3873

Regarding my calculation of KIWT's valuation, I just used 145 million shares, $3 billion cash 48.5% of CABL, CTCO and RCNC - these are the three former Ctex properties that they currently own equal stakes of each. A guesstimate on the computer outsourcing business A guesstimate on the coal biz These are the company's assets that I could fined from their website and Judy Stangl at KIWT. I could be way off on the guesstimates since Cal Energy sale is worth as much as I assigned the last two items. I am probably low and you are probably closer. Regarding the three Ctex properties, CABL will probably be sold in my opinion. I live in Kingston, Pa.....near Wilkes-Barre the former home of CTEX before the Kiewit group bought controlling interest from the Sordoni Family. A lot of money was made by those who held CTEX in my area and there is unique interest in what the Kiewit Group is doing. CTCO, which is the old Commonwealth Telephone Company (forerunner to CTEX) is busy wiring local communities with fiber. I have it Kingston and cut my local phone bill in half under their aggressive pricing which is a complete package of local, long distance and internet service. (sounds familiar). I am not sure that KIWT won't keep this property but my instinct tells me they will peddle this as well. RCNC- which has a right of way in Boston from Boston Edison to wire fiber in the city and some suburbs, is another story. They have a foothold in NYC and are busy expanding their Boston network having just purchased the areas largest internet provider. Not sure that KIWT won't hold this position. By the way, this is just speculation on my part and I have no concrete knowledge in this regard. In sum, I think KIWT at an asset value of anywhere from $35-$55 is a very interesting situation. Stock seems to have a life of its own and I concur with those that think a full NASDAQ listing and a 3-1 split will do nothing but help this stock go higher....especially in light of the robust market for internet and telecommunication stocks.