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To: Foo Bar who wrote (1866)4/16/1999 12:06:00 AM
From: TigerPaw
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WB said he doesn't invest in high tech
That's what he said on a TV show where he was guest with Bill Gates. I suppose it's possible that he looks at his silver and insurance and dreams just enough to convince himself that LVLT is just like a phone company.

Actually, it sounds like one of those rumours to get a hype and dump kind of action that we have seen in the last few days. For some reason broadband is hot, most likely because of the publicity of the congressional hearings on cable access to ISPs and someone is trying to make a fast buck. I don't know but I did pick up a little QWST too just in case the hype continues.
TP

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To: TigerPaw who wrote (1867)4/16/1999 5:16:00 AM
From: SDR-SI
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TP:

Although LVLT is not one of the required-to-be-disclosed investments of Berkshire Hathaway (nor is it on the list of the specific BRK investments having a 12/31/98 market value of at least $750MM noted in BRK's Annual Report), LVLT's Chairman, Walter Scott, is a member of the Board of Directors of Berkshire Hathaway and is a long time Warren Buffett friend and associate.

There has for many, many years been a close connection between many senior people of BRK and PKS, both of which are headquartered in Omaha and are very active elements in the Omaha community.

I do not know whether WB or his family have any personal investment in Level 3, but such would not be surprising.

Steve

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To: SDR-SI who wrote (1868)4/16/1999 7:28:00 AM
From: Von And
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Not only are they both in Omaha, but I believe both have offices in PKS Plaza. I would be very surprised if WB didn't have a stake in Walter's ventures.

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To: SDR-SI who wrote (1868)4/16/1999 9:19:00 AM
From: TigerPaw
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There has for many, many years been a close connection between many senior people of BRK and PKS
I keep forgetting how well connected the leadership of LVLT is. That's important in an industry where there are many interfaces and right of ways to get coast-to-coast and beyond.
TP

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To: SDR-SI who wrote (1868)4/16/1999 12:02:00 PM
From: Mark Madden
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"I do not know whether WB or his family have any personal investment in Level 3, but such would not be surprising."

I do not believe (IMO) LVLT fairs well in WB's business model without historical perspective but he has been known to venture from his normal valuation models. After all, he owns 100 shares of Microsoft.

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To: Mark Madden who wrote (1871)4/16/1999 12:11:00 PM
From: Rich
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I think this recent Nasdaq pullback and shift of money into the "boring" stocks (although I do own some) like Dupont etc...is a good buying opportunity ----for L3.

If and when (which I believe will be in the next 30-60 days) they announce a stock split...the emotional effect of splits will propel this back up into the lofty 90 levels.

thoughts?

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To: Rich who wrote (1872)4/16/1999 12:40:00 PM
From: TigerPaw
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30-60 days, I agree but for a different reason. It appears that the Fidelity Magellan Fund has taken the opportunity to move out of anything technical in advance of any hint of Y2K and into the more stately industries of paper and metal. The ripples extend beyond their actual holdings as me too managers try to follow. Big transfers such as this seem to take about 30-60 days before things settle back. Stocks with signifigant gains will have the most volitility.
TP - IMHO

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To: TigerPaw who wrote (1873)4/16/1999 2:35:00 PM
From: Techy
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LVLT... I have been hearing rumors of a potential 3 for 1 stock split. Hope so...

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To: Techy who wrote (1874)4/16/1999 2:38:00 PM
From: Von And
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Why are you spreading such a rumour? What do you base it on, besides a rumour? Previous posts have discussed an approval for doubling of shares, which indicates 2 for 1.

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To: Von And who wrote (1875)4/16/1999 2:49:00 PM
From: Techy
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Nobody knows for sure...but I know a few people that work there (not executives). It makes sense or they would have announced a 2 for 1 stock split last quarter when the stock was trading in the 50s.

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