I was actually contemplating investing in Level 3, based on an article I read in Forbes Magazine, of September 7, 1998.
forbes.com
Great Cover Picture of the President and CEO, James Crowe, by the way. Nice smile...not for long...
Cliff, please give him my regards.
Thanks in advance.
I wonder if he is going to be smiling, when he hears one of his employees, is bashing a competitive alliance Siemens/FNTN/MCI Worldcom during company time continuously, and obsessively, with all posts dated and time stamped....ROFLMAO!!!
Great Article. I like this part best. Cliff, can you italicize, (you're real good at that) and cut and paste to Raging Bull.
Thanks in advance.
Level 3's target customers: Per Forbes article.
"While Level 3's network is under construction, he's leasing space on Frontier Corp.'s long-haul fiber lines; that way he can start serving customers even before his own lines are in place. The biggest target: FINANCIAL INSTITUTIONS like Fidelity, Citicorp and Goldman, Sachs, with fast voice and data volumes."
Hmmmm.....sounds like FNTN's target customers, eh Cliff...
Level 3's services to be delivered?
Voice, video and data transmission!
Hmmm....sounds like Financial Telecom's product/service?
SAME TARGET CUSTOMERS AND SAME SERVICES...
SOUNDS LIKE A COMPETITOR.
Any rules being broken here?
STREETWISE |