In a statement, Buffet said Level 3, whose chairman, Walter Scott, also sits on Berkshire's board, meets his investment criteria. "Liquid resources and strong financial backing are scarce and valuable assets in today's telecommunications world," Buffett said. "Level 3 has both." Buffet likes telecoms? Or is there more to the story here? Buffett part of Level 3 funding. - Jul. 8, 2002 | 
