Level 3 CEO James Crowe has to undergo surgery

August 10, 2007

James Crowe, level 3 CeOJames Crowe, level 3 CeOJames Q. Crowe (57) , chief executive officer of Level 3 Communications, Inc has to undergo surgery for a most likely benign tumor. Of course we wish him all the best and a lot of strength. James stated:

“During a routine physical examination, my physician discovered a tumor of the pituitary gland. I have been advised that the tumor is almost certainly benign, and that it does not have a negative effect on my ability to conduct my usual business affairs.

“However, if left untreated, this condition could have significant, adverse, long-term health consequences. Therefore, surgical removal is recommended. The procedure is safe and successfully resolves the condition in most cases. In the event surgery is not completely successful, additional treatments are available including medications and radiotherapy. Read the rest of this entry »

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XO Q2 2007

August 9, 2007
  • Total Sequential Revenue Grew 1% to $352.9 Million
  • Data and IP Services Revenue Up 18%, Core Services Revenue Up 5% Compared to Same Period Last Year
  • Total Sales Bookings Up 12% Compared to Same Period Last Year
  • Strong Demand for High-Capacity Inter-City Network Transport Services with Number of Orders Up 483% Compared to Same Period Last Year
  • Continued Network Investments with Recently Announced 800/Gbps Capacity Upgrade to Meet Current and Future Customer Demand for High-Capacity Services
  • Nextlink Expansion to 37 Operating Markets, Creating Nation’s Largest Broadband Fixed Wireless Access Network

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Global Crossing Q2 2007

August 9, 2007
  • Consolidated revenue grew 19 percent year over year to $547 million.
  • Sales order volume for “invest and grow” hit all time high of $4.8 million in May.
  • Adjusted cash EBITDA improved to $8 million in the second quarter.
  • Company’s cost-cutting initiatives expected to yield close to $40 million per annum savings.

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