Back

Back from 4 days in Spain. A nice 28 degees C. BMIBaby was good and no problems.

I saw the news that Ericsson was going to buy Marconi in a bar and was a bit surprised as I thought that H company was going to pick them up. Maybe they didn’t need the brand after all.

Not sure what else I missed as I’m still catching up.

Level 3 Communications posts loss for 3Q

The company’s net loss grew to $204 million, or 29 cents per share,
from $171 million, or 25 cents, a year ago. On average, analysts
surveyed by Thomson Financial were looking for a loss of 31 cents per
share.


Revenue declined 5 percent to $799 million from $840 million last year,
beating analysts’ consensus target of $778.6 million. Communications
revenue fell 14 percent to $364 million, while information services
gained 6 percent to $415 million
[via]

That’s not a good set of figures for level 3.  AT&T just announced a $40m profit.