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

To: SDR-SI who wrote (1142)	7/20/1998 4:19:00 PM
From: Chris Beavin	Respond to of 3873

You say virtually no difference between 100% dividend and 2:1 split - is there any difference at all? I am confused why this apparent split is being communicated as a dividend unless there is some material difference that I do not know about. thanks -- chrisb

To: SDR-SI who wrote (1142)	7/20/1998 4:43:00 PM
From: Curtis E. Bemis	Read Replies (1) \| Respond to of 3873

There is virtually no difference to the stockholder between a 100% stock dividend and a 2:1 Thanx Steve-- I got carried away but the mechanics were confusing. I also listened to the playback-- 888-566-0907, good for a couple of days. Jim Crowe explained the dividend, err split, as "--the same as two nickels for a dime" and was done to ease the fear of stockholders who had complained about volatility. Yeah, I knew that much ;-)) Rest of call was very interesting about LVLTs buildout and progress as well as details of todays $700 million cost sharing announcement.