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Re: Level 3 Agrees to Purchase Global Crossing
From: ML <ml () kenweb org>
Date: Tue, 12 Apr 2011 20:38:40 -0400

On 4/11/2011 10:13 AM, William Allen Simpson wrote:

The deal will combine two unprofitable companies with total revenue of
$6.26 billion as of last year, and cut annualized capital spending by
about $40 million, according to the statement. It will also help reduce
the pressure on prices, which have declined by as much as 30 percent a
year in the industry, said Donna Jaegers, an analyst at DA Davidson &

“This is what telecom has needed for a long time,” said Denver-based
Jaegers, who recommends buying both stocks. “You have way too many

If L3 merges GBLX in as well as they did Broadwing...the little guy stands to do pretty well.

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