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Technology Stocks : Winstar Comm. (WCII) -- Ignore unavailable to you. Want to Upgrade?

To: MangoBoy who wrote (8504)	10/6/1998 5:32:00 PM
From: MangoBoy	Respond to of 12468

Bill R. should make a similar public statement. mark --- [Two Phone Upstart CEOs Say Their Business Plans Are Funded] NEW YORK (Dow Jones)--Two executives who helped found MFS Communications Co. said Tuesday the upstart telecommunications companies they are now running are well-funded enough to weather a drought in the capital markets. "We were probably the last fish to get through the net," said Royce J. Holland, chairman and chief executive of Allegiance Telecom Inc. (ALGX), a local phone company based in Dallas. "We do have our business plan essentially funded. We are in very good shape in that regard," Holland said during a panel discussion at the Wall Street Journal Technology Summit here. In a speech after the panel discussion, James Q. Crowe, president and chief executive Level 3 Communications Inc. (LVLT), said his company also is well-funded. The company has $3.7 billion in cash, $700 million in stock and a market capitalization of about $10.5 billion. Level 3 is a long-distance network builder based in Omaha, Neb.