Level 3 Agrees to Purchase Global Crossing
mwalter at 3z.net
Mon Apr 11 14:41:18 UTC 2011
I find it amusing that the article says - "The deal will combine two unprofitable companies...".
So I guess the thinking is that two negatives make a positive?
From: Dorn Hetzel [mailto:dorn at hetzel.org]
Sent: Monday, April 11, 2011 10:26 AM
To: Jay Ashworth
Subject: Re: Level 3 Agrees to Purchase Global Crossing
On Mon, Apr 11, 2011 at 10:22 AM, Jay Ashworth <jra at baylink.com> wrote:
> ----- Original Message -----
> > From: "William Allen Simpson" <william.allen.simpson at gmail.com>
> > 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 &
> > Co.
> Let me see if I have that straight.
> We're *admitting* in public that the result will be to make prices go up
> customers? Wow... Justice is going to have a field day with that.
> -- jra
> Well, maybe they're just admitting it will slow the rate at which prices go
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