Level 3 Communications (NYSE:LVLT, news, filings) won another streaming deal this morning from the visionary vertical. Ok, there is no visionary vertical, but maybe there should be. TED will be using Level 3's CDN to stream its Ted Talks videos, of which there are 1,400 now that as a group have been viewed more than a billion times, and other parts of its networking needs as well.
With its stock price still below $20 some 14 months after the close of the transformative Global Crossing deal, Level 3 is clearly looking forward to springtime as much as anyone. The market is waiting for a higher growth rate to materialize out of their rising capex numbers, but I don't think many realize how rapidly the EBITDA and cash flow picture is changing now that the first wave of Global Crossing Synergies has gained critical mass. Next year will look a lot different no matter what the growth, but much better of course if they find some.
As for TED, I haven't exactly lived under a rock but honestly I've never really had a clear idea of what TED is until looking it up today. And it's still pretty vague, but TED is a nonprofit devoted to 'Ideas Worth Spreading', which to an engineer like myself means a bunch of talks given by the small minority of geeks out there who can give decent talks accessible to a wide audience. The videos they are streaming definitely worth watching. Here's one from Andrew Blum earlier this year, if you'd like to burn some bandwidth.
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