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

To: changedmyname who wrote (11906)6/18/2001 9:08:51 AM
From: jopawa  Respond to of 15615
 
8:54AM Level 3 Comms (LVLT) 7.62: -- Update -- Company guides revenue and EBITDA numbers lower, citing economic slowdown; cuts 2001 revenue estimate to $1.53 bln from $1.62-1.72 bln, 2002 to $1.92-2.02 bln from prior guidance of $2.52-2.72 bln. Capex numbers also cut sharply to $3 bln from $3.3-3.4 bln for 2001, to $1.5 bln from $2-2.4 bln for 2002, and sets 2003 estimate of $1.3 bln. CIEN and GLW sell to LVLT.



To: changedmyname who wrote (11906)6/18/2001 9:10:47 AM
From: Bill Fischofer  Read Replies (2) | Respond to of 15615
 
Re: LVLT warning

LVLT's press release reads like a complete validation of GX's business model, which LVLT is now belatedly attempting to shift gears to emulate.

We'll have to see if anyone bothers to read it before selling the whole sector once again.


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