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Technology Stocks : (LVLT) - Level 3 Communications -- Ignore unavailable to you. Want to Upgrade?

To: SecularBull who wrote (2873)	6/19/2001 12:10:57 PM
From: All Mtn Ski	Respond to of 3873

Yup, we are starting to move. I hope it is sustainable! Cheers, Tom

To: SecularBull who wrote (2873)	6/19/2001 5:55:28 PM
From: All Mtn Ski	Respond to of 3873

SB, this doesn't hurt: Williams Communications CEO Refutes Bandwidth Glut and Offers Vision of Future Telecom Landscape NEW YORK, June 19 /PRNewswire/ -- Howard Janzen, Chairman and CEO of Williams Communications (NYSE: WCG - news), today refuted a number of telecom industry myths, including recent bandwidth glut reports that failed to recognize differences between lit and dark fiber, during a keynote speech at The Goldman Sachs Emerging Telco and Internet Infrastructure Conference. Janzen also offered his perspective on telecom's direction, noting the emergence of a few survivors and increased opportunities for companies with focused, consistent strategies. ``It's simply not accurate to add up dark fiber in the ground and then say there is too much capacity,'' noted Janzen. ``Dark fiber in the ground does not equal usable broadband capacity. When we built our 33,000 mile next- generation network we strategically added more fiber than we needed immediately to prepare for the inevitable future growth in demand.'' Janzen added, ``It takes a great deal of time and capital to 'light' dark fiber. With a fully lit and operational network, Williams Communications provides end-to- end network services today, and is well positioned to turn up additional capacity as more applications drive traffic onto the network.'' According to industry analysts who cover the sector, broadband applications such as wireless web, video-on-demand and eCinema will spur demand in the near future, while demand for traditional telecom services continues to grow. ``You won't find many industries that can match the growth we're seeing as new broadband applications drive demand,'' noted Janzen. ``I believe we'll find marketplace fears about bandwidth glut are unfounded. There is strong and continued growth in the Internet and data traffic market and recent studies by industry analysts cite Internet growth rates approaching 100 percent per year.'' During his keynote, Janzen also discussed the changing telecom landscape and acknowledged that the market shakeout will continue. According to Janzen, the market will see continued vaporization of weaker players. However, as demand continues to accelerate and local access bottlenecks continue to be eliminated, companies such as Williams Communications, with compelling value propositions that address the changing marketplace, will thrive. Janzen noted that Williams Communications, with a stable customer base which includes high quality bandwidth-centric companies and a next-generation network completed last December has a significant advantage in surviving the telecom shake-out. ``It is ironic that the market meltdown has actually created a bigger opportunity for us,'' Janzen said. ``Even the largest players in telecom don't want to spend capital in this environment, and yet they need network capacity to meet the surging growth in voice, data, and Internet traffic. We are perfectly positioned to meet that need by providing a network outsourcing solution today, and with funding that carries us into 2003 when we expect to be free cash flow positive.'' biz.yahoo.com

To: SecularBull who wrote (2873)	6/19/2001 7:29:44 PM
From: SecularBull	Read Replies (1) \| Respond to of 3873

Level 3 cut to market perform NEW YORK, June 19 (Reuters) - Deutsche Banc Alex Brown said on Tuesday it downgraded Level 3 Communications Inc. (NasdaqNM:LVLT - news) to market perform from buy. Level 3 on Monday cut its growth outlook through 2002 and said it would cut about 1,400 jobs, or 24 percent of its work force. DBAB said the company faces ``significant challenges in meeting its lowered targets.'' The firm also said that until there is greater visibility into the company's business transition, Level 3's financing situation will be in question. Level 3 changed its strategy to focus on large, established companies, rather than early-stage firms with limited funding. ``We believe the company will face significant challenges executing its revised business plan. The company must convince its new customer base that it is a viable alternative to other established players,'' DBAB said in a research report. Other hurdles include sales force realignment, longer sales cycle and employee morale issues. The weak economy will compound these issues, DBAB said. ``We believe investors have to realize that the company is attempting to take action in order to avert sure disaster, unlike many other companies which ignored the warning signs and filed Chapter 11,'' DBAB said. ``We believe that if the plan is to demonstrate success, it must occur within two quarters,'' the firm said. Shares of Level 3 fell 63 cents, or more than 10 percent, to $5.34 in morning trading on Nasdaq.