Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?

To: RobertSheldon who wrote (10139)	3/2/2001 1:59:52 PM
From: jopawa	Read Replies (1) \| Respond to of 15615

Global Crossing Reiterated `Strong Buy' at Deutsche Banc AB By Sybil Carlson Princeton, New Jersey, March 2 (Bloomberg Data) -- Global Crossing Ltd (GX US) was reiterated ``strong buy'' by analyst Rohit Chopra at Deutsche Banc Alex. Brown. .DJ TyCom Dn -3:Analyst Sees Atlantic Route Competition High 02 Mar 13:11 360networks told Wall Street it lowered its revenue guidance for 2001, citing a slowdown in subsea broadband sales. The company now forecasts total cash revenue for the year in the $2.4 to $2.6 billion range, with about $1.3 billion of that coming from its subsea business. That's down significantly from its prior guidance of $3.1 to $3.3 billion in total cash revenue with about $2 billion from the subsea operations. The company said some of customers are reducing spending in order to preserve cash and maintain liquidity. Also, some customers have delayed purchases, causing 360's sales and inventory cycles in the bandwidth market to widen, it said. "We believe that 360networks' difficulties are related to Global Crossing's success in taking market share as the first and most reliable source for global bandwidth," Deutsche Banc Alex. Brown analyst Rohit Chopra said in a Friday research note. "We contend that Global Crossing, Level 3, TyCom and Flag Telecom are still well-positioned as these companies have extensive carrier relationships and are well established industry players with less regional exposure than TSIX."

To: RobertSheldon who wrote (10139)	3/2/2001 2:38:37 PM
From: SecularBull	Respond to of 15615

OT: Level 3 Reaffirms 2001 Financial Guidance Company Expects to Meet or Exceed Previously Provided Guidance for First Quarter and Full Year 2001 BROOMFIELD, Colo., March 2 /PRNewswire/ -- Level 3 Communications, Inc. (Nasdaq: LVLT - news) today reaffirmed financial guidance previously provided for both the first quarter and full year of 2001. Level 3 said that the company expects to meet or exceed the guidance given on January 29, 2001 for first quarter communications revenue of $360 to $370 million. Additionally, the company remains comfortable with its previous estimates for communications revenue of $1.7 billion and communications cash revenue of $2.4-2.6 billion for the full year 2001. ``In light of announcements by other telecommunications service providers and difficult prevailing capital market conditions, we recognize that there may be some concern that these issues could have a similar impact on all companies in the industry. While it may affect some, we do not believe it will adversely affect all companies. Given our unique competitive position and the continuing strong demand we are seeing for our services, we remain comfortable with our previously announced financial guidance. Our confidence is underscored by the fact that as of the end of year 2000, over 65% of projected 2001 revenue was in backlog, and this percentage continues to increase as we near the end of the first quarter. Further, the fact that our business plan is funded to free cash flow breakeven; combined with the completion of strategic elements of our U.S. and European continuously upgradeable metro and intercity networks; and the consequent availability of all of our key service offerings, represent an unusual opportunity to consolidate our position as a premier provider of IP and optical communications services,'' said James Q. Crowe, chief executive officer of Level 3. About Level 3 Communications Level 3 (Nasdaq: LVLT - news) is a global communications and information services company offering a wide selection of services including IP services, broadband transport, colocation services, and the industry's first Softswitch-based services. Level 3 offers services primarily to communications intensive companies that deliver their services over the Level 3 Network. Its Web address is www.Level3.com. Some of the statements made by Level 3 in this press release are forward- looking in nature. Actual results may differ materially from those projected in forward-looking statements. Level 3 believes that its primary risk factors include, but are not limited to: substantial capital requirements; development of effective internal processes and systems; the ability to attract and retain high-quality employees; changes in the overall economy; technology; the number and size of competitors in its markets; law and regulatory policy; and the mix of products and services offered in the company's target markets. Additional information concerning these and other important factors can be found within Level 3's filings with the Securities and Exchange Commission. Statements in this release should be evaluated in light of these important factors. SOURCE: Level 3 Communications, Inc. ~SB~ (formerly LoF)