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

To: SteveG who wrote (1673)	2/24/1999 4:21:00 PM
From: MangoBoy	Read Replies (2) \| Respond to of 3873

[Qwest Communications Expands High-speed Network Into 19 Local Markets] Company increases network to 18,815 miles; Reaffirms financial targets for 1999 DENVER--(BUSINESS WIRE)--Feb. 24, 1999-- Qwest Communications International Inc. today announced that it is expanding its end-to-end connectivity for local service to large and multi-location business in key metropolitan U.S. markets. The company has completed metropolitan area networks in 10 major cities and is in the process of completing another nine in other major markets by the end of the year. These networks would allow large businesses, such as Microsoft and Boeing in Seattle, to directly connect to the Qwest network and eliminate the access charges that are incurred when using connectivity from local exchange carriers. The 10 cities include Chicago, Cleveland, Dallas, Boston, New York, Philadelphia, Sacramento, San Jose, Seattle and Washington, DC. The nine cities that are still in the process of being completed are Albany, Austin, Baltimore, Houston, Indianapolis, Los Angeles, San Antonio, Newark and White Plains, NY. Qwest said that it expects to announce a more comprehensive plan for local connectivity by mid-year. ''Qwest believes that it is important to offer customers broadband connectivity on an end-to-end basis,'' said Joseph P. Nacchio, Qwest's chairman and CEO. ''With this connectivity our customers will have the necessary bandwidth to cost-effectively run multimedia and Internet-based applications and services.'' These metro area networks compliment Qwest's previously announced agreement with Covad Communications Group, Inc., which provides Qwest with digital-subscriber line connectivity in 22 metropolitan markets. Qwest said that it remains on schedule to complete its previously announced 18,500-mile nationwide network by mid-year. In addition, Qwest announced it will construct an additional 315 miles connecting Memphis to Tulsa, bringing its total U.S. fiber optic network to 18,815 miles. This new section will be completed by the end of the year. Qwest said ''it is comfortable'' with analyst expectations for 1999 and 2000. The estimates include 1999 services revenues of approximately $3.4 to $3.5 billion; earnings before interest, taxes, depreciation and amortization (EBITDA) of approximately $750 million; services EBITDA in excess of $650 million; and capital expenditures of $1.4 billion. Estimates for 2000 services revenues are approximately $4.5 to $4.6 billion, EBITDA of approximately $1.1 billion and capital expenditures of $1.0 to $1.2 billion. The capital expenditures and results of operations discussed above may be revised to reflect the company's comprehensive local connectivity plans that will be announced by mid-year.

To: SteveG who wrote (1673)	3/30/2000 1:29:00 PM
From: IngotWeTrust	Read Replies (1) \| Respond to of 3873

Hello, Steve, I'm a latecomer to this stock...sure wish I could read that press release you referred to in this html link which has now expired. Did you happen to keep it on your hard drive and could fire it to me ? ANYONE???... ....what price the secondary came in at? ....what % was insiders selling vs new shares being offered in this secondary? ....total shares currently issued and o/standing? ....this fiber being laid from west to east or just all over the place at the same time? Thank you, any and all replies appreciated. These folks's subcontractor,(Kewitt) just came and dug up a trench in my acreage (Oregon) and buried about a dozen tubes that are color coordinated. Got my curiousity up.