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Microcap & Penny Stocks : DGIV-A-HOLICS...FAMILY CHIT CHAT ONLY!! -- Ignore unavailable to you. Want to Upgrade?

To: Dolfan who wrote (23775)	8/30/1998 3:59:00 PM
From: sandstuff	Read Replies (2) \| Respond to of 50264

Wow, you are right...Level 3 was OTC one time... Level 3 Communications, Inc. was originally founded in 1985 as Kiewit Diversified Group Inc. (KDG), a wholly owned subsidiary of Peter Kiewit Sons', Inc. (PKS) -- a 114-year-old construction, mining, information services and communications company headquartered in Omaha, Nebraska. KDG was originally created to hold all non-construction business assets of PKS. On January 19, 1998, KDG announced it was changing its name to Level 3 Communications, Inc. in conjunction with its new focus on communications and information services. On March 31, 1998, PKS announced the separation of its construction and communication businesses, establishing Level 3 Communications, Inc. as an independent corporation. Prior to April 1, 1998, Level 3 was traded on the OTC Bulletin Board under the symbol KIWT. On April 1, 1998, Level 3 common stock started trading on the NASDAQ National Market under the symbol LVLT. Under the leadership of President and CEO James Q. Crowe, KDG developed its new strategic focus. Because of its origins as a diversified company, Level 3 continues to have interests in information services, telecommunications and coal mining businesses, through the ownership of operating subsidiaries, joint venture investments and substantial positions in public companies. The company also has smaller positions in a number of development stage or start-up ventures. As Level 3 Communications, the company intends to expand its information services business, while evaluating its existing business investments to determine their strategic fit in providing a full range of services in the United States and abroad over an international IP-based communications network.