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IP: Buffett Gets telecom religion
From: David Farber <dfarber () earthlink net>
Date: Mon, 08 Jul 2002 11:39:18 -0400
-----Original Message----- From: "Meeks, Brock (MSNBCi)" <Brock.Meeks () MSNBC COM> Date: Mon, 8 Jul 2002 07:07:18 To: "'farber () cis upenn edu'" <farber () cis upenn edu> Subject: Buffett Gets telecom religion An interesting story that may be buried today among a host of other financial news (WorldCom execs testifying on the Hill; Merck overbooking $12.4 billion in revenue; eBay buying PayPal) is the fact that wizard investor Warren Buffett's Berkshire Hathaway, Inc. is going to be investing some $500 million into battered telecom company Level 3. Buffett has steadfastly refused to invest in telecom (and tech) over the years and suddenly, he's taking a leap into Level 3. The Wall Street Journal broke the story today; it could be a very important story to follow. For archives see: http://www.interesting-people.org/archives/interesting-people/
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- IP: Buffett Gets telecom religion David Farber (Jul 08)