Level 3 is trying to consolidate the small players, trying to amass enough local scale so they don't have to build everything (from scratch).
More Quotes from Donna Jaegers:
They're doing all the right things to play defense. It's hard to win longer-term just playing defense, and they don't have a lot of offensive weapons.Donna Jaegers
People involved in the day-to-day, they often miss turning points. They get beaten down after so many years. Or they're burned out. They may have stock options but don't believe they're going to be valuable.
Donna Jaegers
It's so rare for anything in the telecom sector to show any kind of growth, but they're taking it away from ATT and MCI and the Baby Bells.
Donna Jaegers
(Level 3) still has a few more quarters before building sales momentum, but it's not going to go bankrupt - not right away at least. I think they're OK for a few years.
Donna Jaegers
The one thing that Qwest has is its local franchise, and over the next two years it's going to become increasingly embattled as (cable company) Comcast starts rolling out more aggressively with their digital voice service. I don't think they get acquired at all.
Donna Jaegers
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