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.
More Quotes from Donna Jaegers:
They're continuing to show stable revenues and to reap the benefits of the cost-cutting they did last year.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
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
Qwest is definitely the orphan Bell. I really don't see Qwest as an attractive acquisition target for several 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
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).
Donna Jaegers
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