Buffett bailout of WorldCom raises questions of influence

Fri Jul 12 15:54:15 UTC 2002

I'm wondering if Level(3) is going to make a play. Buffet et. al. just put 
500MM
in cash into convertible bonds for "acquisitions" and I believe Level 3 has
a substanital amount of cash on the sidelines anyhow. I know from working
at Level 3 that it would be a sweet victory for many if Level 3 acquired 
Worldcomm
out of bankruptcy.

Ebbers is gone. All the old exec staff is gone. Sidgemore and Cerf get along
with Jim Crowe as far as I know <i dont really>, but I do know the Ebbers and
Crowe were not pals since it was a reason that Crowe and the
troops left Worldcom.

Jim Crowe and Buffet are friends, and the original investors in L3 include,
IIRC, Bill Gates as well as a few other super billionaires.

It could be interesting.

At 07:22 AM 7/12/2002 -0700, Scott Francis wrote:
>http://www.usatoday.com/money/columns/maney.htm
>
>An interesting history, especially for those of us (like myself) that didn't
>experience it first-hand. I've often wondered what would happen if MSFT
>gained control (in name or in fact) of any significant piece of the backbone
>...
>--
>-= Scott Francis || darkuncle (at) darkuncle (dot) net =-
>   GPG key CB33CCA7 has been revoked; I am now 5537F527
>         illum oportet crescere me autem minui

Regards,

--
Martin Hannigan                    hannigan at fugawi.net