The company's Vyvx division will now offer uncompressed HD video transport between the major hubs of Los Angeles, Washington DC, and New York City. That means native, pristine 1.5 and 3.0 Gbps video broadcast feeds for things like the high profile sporting events that Vyvx specializes in. They also mentioned PacTV as having tested the capabilities during a recent medical conference, so it's not just sports.
And down south, Level 3 won a deal with Blue Bell Creameries, a Texas-based ice cream distributor. Blue Bell will be upgrading its legacy frame relay network via Level 3's IPVPN services, hooking up some 52 sites across 19 states. This is the kind of deal Level 3 hasn't traditionally won enough of, and hence it is a good sign - we just need more of them! Hmm, now I'm hungry for a bowl of mint chocolate chip.
Level 3's stock has been volatile in the past few days. I suspect traders may be anticipating the possibility of a reverse split being announced before or alongside earnings, as the company's stock has languished below $1 for several weeks now. They've had the ability to do such a thing on the books for years and haven't done so yet, but the stars may have finally aligned - or so the theory goes. Certainly the market's patience has largely run out, and that second half revenue growth can't come too soon.
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