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

To: Farnam who wrote (706)	4/3/1998 10:55:00 PM
From: Francis Gaskins	Respond to of 3873

Red Herring article about Level 3 redherring.com

To: Farnam who wrote (706)	4/6/1998 11:42:00 PM
From: toothid	Read Replies (1) \| Respond to of 3873

Question for Farnam,or Don Bollar, or Mark or all of ya. I am a long term holder and investor in L3. I have been accumulating stock since late Nov,'97. I also have been an avid reader of this thread and it's professional discussion(s) for some time. Question is inregards to Valuation Topic: I know we have studied,commented and tried to analyze stock valuation and book value of L3 on numerous threads. After todays news--XCOM must think this stock is worth 62 bucks.The stock employee options are set for mid 70"s. After trying to digest the 200 page 10k// the last 2 pages mention the company is worth 2 billion and 779 million. There is 147 million shares-- being a biology major,it takes awhile for the math-- but help me if i am wrong-- that about 19.00 per share book value. What do ya think? From prior threads and discussions it has mentioned that historically Kiewt undervalues it's assets. The C-Stock is worth 61(IAT) and it is listed in the 10k as valued as 54(correct me if I am wrong here. So where do you guys think we stand-- 21-25 as book value?? That is our un-scientific value-- I would like to ask the pro's what you guys are figuring. Thanks for re-hashing this(again). Us biology majors are slow learners. Doc P.S. where's the "Dog" been hidding??

To: Farnam who wrote (706)	4/7/1998 12:03:00 AM
From: toothid	Read Replies (2) \| Respond to of 3873

Farnam, Don and Mark L-- while I have you here-- Can I ask one more question for you to address. L3 still has the coal mining assets. IAT or it has been suggested that L3 may like to sell the coal assets to the construction side (hear me out). This however could create tax problems. What are the chances or possibilites of the L3- trading out the coal side to the construction side in exchange for laying all this future cable. Could this be a tax free swap?? I made a simple analogy for my question--but do you guys think this could happen and how beneficial would it be for L3 in the long run. I mean what other competitor has access to a"top notch" construction company like Kiewit-- that could lay cable next to the UNP railroad and keep the costs low or maybe tax deductible??? Thank you in advance for your consideration to my questions. doc.