Featured Story
Intel and telcos left in virtual RAN limbo by rise of AI RAN
A multitude of general-purpose and specialist silicon options now confronts the world's 5G community, while Intel's future in telecom remains uncertain.
Should we have seen it coming?
April 23, 2008
5:55 PM -- What a day for Level 3 Communications Inc. (NYSE: LVLT). It ended the day seeing its stock rise nearly 23 percent -- one of the biggest single-day gains ever for the company. (See Level 3 Surges on Positive Outlook.) The company would probably tell you they knew this day would come all along. (See Level 3 Stays the Course.) The question is: Should we have seen this coming?
The headlines over the past few months have gone from bad to progressively better:
Level 3 Feels Integration Irritation
Level 3 Integration Aches Continue
Level 3 Acquisitions Begin to Gel
And then of course today's Level 3 Surges on Positive Outlook
I'm not signing up for the Level 3 fan club just yet. There's still a lot of work to be done over there and the company itself admits there still could be some headaches over service installation bottlenecks. But a 23 percent gain has to bring some vindication to a company that has taken a lot of heat this past year.
— Raymond McConville, Reporter, Light Reading
You May Also Like