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

To: Zvi Yammer who wrote (352)	3/13/1998 11:10:00 AM
From: Ken98	Respond to of 3873

Zvi, a few answers. Peter Kiewit & Sons has 2 classes of stock. Class C shares relate to "Construction" group holdings and are transfer restricted and not traded. This is the construction business that is the primary historical business of PKS. After March 31st they will be irrelevant to any discussion of L3 (except for those lucky employees who are holders of both classes of stock) because L3 will become a separate company. Class D shares relate to "Diversified" group holdings which are the telecom assets (RCNC, CTCO, CABL, PKS Infor. Systems) and assets from sale of energy assets and misc. other assets. Class D shares are the ones that will be spun off into separate company, L3, after March 31st. 125 million shares outstanding after 5:1 split last year. 500 million shares authorized. US Bankcorp owns 10%, around 15 million shares based on recent filing. L3 has a couple of billion $$ in cash and has stated plans to spend $1 billion/yr. for next 10 years building network - so, yes, they need mucho deniro but have a good start at this point. Regarding BB share price, after year-end financial information is filed this month everyone should have a better sense of where the share prices should be, and even more so after company announces more details to the business plan. Hope this helps some.