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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?


To: Sergio H who wrote (2476)4/1/1998 12:34:00 AM
From: Phil Jacobson  Respond to of 29382
 
LVLT - Weds is first day on NASDAQ:

Keep LVLT on your watch list for tomorrow. First day on NASDAQ after very successful stint on the BB as KIWT. Spinoff from Peter Kiewit and Sons, being run by founder of MFS Communications, which was sold to WCOM. This is a company with $3 billion cash on Day 1. Market cap is already $10 billion.

I expect a large pop because of Naz entry and stock market success of previous companies in similar business (WCOM, QWST, MFNX)

Here's Tuesday's press release about the 4/1 spinoff:

l3.com

Level 3 Website

l3.com

A story that lays out the bull case quite well.

techweb.cmp.com

Phil