Where is Level 3 right now?
We’re more than holding our own in a difficult market. We have accomplished a lot in the last two years. We have restructured our balance sheet. We have restructured our business plan. We’ve cut costs by a great deal. We’ve raised capital. Our bond prices have tripled over the last year. We announced earlier that we have largely completed our defensive moves. Now we’re moving to offense, trying to add revenue to what we think is the industry’s most efficient network. We have the best gross margins in the industry. For every dollar of revenue we had, we have margins we think are double those of other companies. So the challenge is to add revenues in a difficult market. Q: How will you do that? A: Two ways. One is selective mergers and acquisitions. That’s difficult to schedule. And we’ve announced a pretty vigorous new-product initiative focusing on products that utilize our Internet protocol (IP) platform and voice products that utilize our soft-switch platform. Q: How can you build th
