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

To: Kevin G. O'Neill who wrote (1645)	2/18/1999 9:44:00 AM
From: MangoBoy	Read Replies (3) \| Respond to of 3873

<< So we've beat the street? >> Estimate: (0.28) Actual: (0.17), including $96M, or 0.30/share, in one-time gains. Excluding the one-time gains, the loss was (0.47), well below estimates. The net loss for the quarter was $35 million, or $0.11 a share. This includes a net pre-tax gain of $116 million related to certain company investments, which principally represents a pre-tax gain of $90 million from the sale of the company's interests in Cable Michigan, Inc. (Nasdaq: CABL - news), gains recognized in connection with issuances of stock by RCN Corporation, and other asset dispositions. The net loss also includes a $20 million charge for third party software and associated development costs. Also have to dig further to see how the revenue was mixed between telecom and non-core operations like coal.