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

To: Don S.Boller who wrote (784)	4/7/1998 5:17:00 PM
From: toothid	Read Replies (1) \| Respond to of 3873

Don: thanks for the feedback. I wonder what the interest rate% will be on those L3 bonds. Will they be a convertible bond? Time will tell when the perspectus comes out.

To: Don S.Boller who wrote (784)	4/7/1998 5:25:00 PM
From: RIOMAN	Read Replies (2) \| Respond to of 3873

From today's Story Stock section of Briefing.com... LEVEL 3 COMMUNICATIONS INC (LVLT) 64 +2 1/2. Moving on up! Level 3 shares have recently emerged from the murky waters of the bulletin boards to list on the Nasdaq National Market. Until last week, the issue traded as the Class D stock of Peter Kiewit Sons Inc. Today, the shares are being boosted by a Kaufman Bros L.P. initial "buy" rating. On most days, Wall Street wouldn't have taken a second-look at a stock initiated by Kaufaman. But, the firm has two things going for it in this case: 1) a mouth-watering price target of $93; and 2) the company is being pumped as an Internet play. According to Kaufman analyst Vik Grover, Level 3 is poised to become a leader in data and phone service based on Internet technology. At present, there is very little information available on this company. What is known is that Level 3 currently has no customers, but sports a market-cap approaching $10 billion (based on 147 mln shares outstanding). The company is run by former employees of MFS Communications, a telecommunications company which was acquired by Worldcom for $14 billion two years ago. Earlier today, LVLT announced that it intends to offer $1.5 billion aggregate principal amount of Senior Notes Due 2008. Level 3 says it currently intends to use the net proceeds of the offering in connection with the implementation of its business plan to increase substantially its information services business and to expand the range of services it offers by building an advanced, facilities-based communications network in both the U.S. and Europe using Internet Protocol (IP) technology.