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

To: J Gunn who wrote (1677)	2/26/1999 11:26:00 AM
From: MangoBoy	Read Replies (2) \| Respond to of 3873

<< No mention of MFNX >> MFNX isn't a player in long-haul fiber.

To: J Gunn who wrote (1677)	2/27/1999 2:17:00 PM
From: Patriarch	Respond to of 3873

Level 3 Expects 1999 Sales of $250 Mln as Rates Fall: Fortune Bloomberg News February 26, 1999, 12:55 p.m. PT Omaha, Nebraska, Feb. 26 (Bloomberg) -- Level 3 Communications Inc. Chief Executive James Crowe said the company expects its new fiber-optic phone and data network to have sales of $250 million this year, even as long-distance call prices are seen declining, Fortune reported. Crowe said the Omaha, Nebraska- based company expects its network to generate $650 million in revenue in 2000 -- while the company spends $8 billion to $10 billion over the next four years to build it -- even as unnamed phone industry executives said long-distance prices will fall by up to 50 percent annually. Frontier Corp. Chief Executive Joseph P. Clayton said phone calls soon will be offered free to customers who buy ''bundled'' Internet and wireless service, and MCI WorldCom Inc. Vice Chairman John Sidgmore said Level 3 will be ''completely blown away'' by sales and marketing costs because ''they don't have any base to spread it over,'' the magazine said. Level 3 said it lost $35 million, or 11 cents a share, in the fourth quarter ended Dec. 31, compared with profit of $167 million, or 18 cents, in the year-ago period. (Fortune 2/26 106-10 www.fortune.com) --Jonathan Make in the Princeton newsroom (609) 279-4065 /jjs