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

To: Sauron who wrote (1025)	6/3/1998 1:46:00 AM
From: william j cap	Read Replies (1) \| Respond to of 3873

sauron, 4 billion cash, 120 million CABL, 210 million CTCO, 600 million RCNC, not sure on the coal mineS, not sure on PKSIS. goes down another 5 and i'll buy it. william

To: Sauron who wrote (1025)	6/3/1998 1:51:00 AM
From: zebraspot	Respond to of 3873

Personally, I'm more interested in another Kiewit/Walter Scott off-shoot, CalEnergy(CE). Since Kiewit Co. sold their stake in 1/98 the stock is down from about 40 to 30(it had been in the low 20's briefly, on Indonesian concerns). Scott(the Chairman of Kiewit and Level 3)recently bought 2.5 Mil shares($90,000,000+) of CE, with personal money, averaging in the high 30's(!). He is still a Director, and they are still based in Omaha. Anytime you follow Walter Scott into a stock, at a price less than he paid, you do well. I've been down this same road with him on CE(for the prior move from 13 to 42), C-TEC(since a year before the spin-offs), & KIWT (since 11/97). CE might be the low p/e, defensive play we're all looking for in this uncertain market. I'm still holding on to my core position in LVLT, though. I always wished that part of Kiewit would be available to the public. Now it is. You have to own at least some -- even here. It may never sell at or near "fair" value, you know. If it goes lower, that's good, too --if you're a long term investor who wants to buy more at lower prices.