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

To: Don S.Boller who wrote (1671)	2/23/1999 10:38:00 PM
From: zj	Respond to of 3873

Care to take a guess, at what price these secondary shares will be priced? zj

To: Don S.Boller who wrote (1671)	2/23/1999 11:36:00 PM
From: SteveG	Read Replies (2) \| Respond to of 3873

<..course we all know that a secondary offering has been filed...> 20 million shares are coming to market next week - SSB is involved, and the deal seems to be a hard sell, as retail is being heavy handedly told no flipping and that accounts will be checked for compliance MONTHS later. NOT a good position for clients to be in. Also, at least 25% is "non-dilutive" registration selling: biz.yahoo.com ps, on the day next week the secondary is priced, it'll be priced at a slight discount to the previous day's closing price (which obviously could be higher or lower than here)

To: Don S.Boller who wrote (1671)	2/26/1999 9:32:00 PM
From: zj	Respond to of 3873

Don , I'm no techie either. I am concerned about the effects of this secondary offering next week. RCNC had one late last summer @ 19.50 went down to under 9 later on in the bad market conditions. More recently WCII priced theirs @ 41.50 closed at 31.50 today. I sold half of my position the day after you posted, .......BUT IT DOES APPEAR FROM THE CHART......@ 59.75. I know, I know LVLT is different. We will find out the first week in March or shortly after. Thanks,zj And a thanks to all of you who post on this thread.