The flip side to the sagging stock value is the opportunities it creates
for a buyout, something James Crowe, Level 3 chief executive officer,
intends to do with the $500 million investment his company garnered in an
announcement Monday.
"The ongoing shakeout is creating extraordinary opportunities, as
telecommunications companies, their network assets and customer bases
become available," he said. "We are fortunate to have both network
management expertise and financial dry powder, which will allow us to
continue pursuing opportunities that create value for our stockholders."
What is the normal to spend on your children for Christmas? 6yrs old ::
Im going on my last shopping trip and was just wondering what My daughter is going to be 3 and Im getting her a bunch of little items that she wants.
http://answers.yahoo.com/question/index?qid=20071214145947AAFblGpHOME |
The half-billion in spending money comes courtesy of three investment
firms, led by Longleaf Partners Funds, which took $300
million in "subordinated" notes. Berkshire Hathaway
(owned by tech-leery billionaire Warren Buffet) and Legg Mason, Inc., each
contributed $100 million to the Level 3 investment.
In addition to telecom buyouts, Crowe said the monies raised would be used
to reduce capital expenditures and other back-office expenses.
Level 3 said its new backers have attributes that make it a desirable
investment risk, as opposed to some of the other troubled carriers, like WorldCom
.
Liquid resources and strong financial backing are scarce and valuable
assets in today's telecommunications world; "Level 3 has both," said
Buffet. "Level 3 is well equipped to seize important opportunities that
are likely to develop in the communications industry."
While many backbone providers like WorldCom, Global Crossing and Qwest
Communications are going through legal and financial
troubles these days, Level 3 has escaped largely unscathed.
Promising investors (and federal regulators) its accounting books are in order,
Crowe dodged a bullet.
Going to my first concert? Im going to a Marilyn Manson concert ::
1047 (Level 3) Add to My Contacts. Block User. Best Answer - Chosen by Asker it is possible to shop music without being a musician. someone knows which
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Unit 8-B::
3. Where is Albert going? ( work) 4. Where is Melissa going? ( the shopping mall) [Home Level 1 Level 2 Level 3 Back Next] [Unit 5 Unit 6 Unit 7 Unit 8]
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That's largely due to the financial fire it avoided last year, when it laid
off 25 percent of its employees and went on a self-imposed
diet to reduce corporate fat.
 Betting on the Bettors
 Is the Dot Com Bust Coming to an End?
|
Level 3 is Going Shopping 
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