Level 3 2Q05 Financial Results

Stephen Castellano is forecasting that Level 3 might report communications revenue closer to company’s high end of the $350 to $370m guidance. Which will still be lower than their sales in 4Q 2004 of $381m (this does not include non cash revenues.) I have heard that the demand for bandwidth has firmed up on certain routes. Castellano’s estimates don’t seem that out of whack, at least from the market trends perspective. Level 3 reports in line with Castellano’s forecast.