Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of fiber-optic network operator Level 3 Communications
So what: The deal should work to strengthen Level 3's core fiber-optic network business and increase its presence in Europe and Latin America. The company also has fresh growth hopes for its enterprise segment, with CEO James Crowe telling Reuters that it now has "1,000 sales people with the Global Crossing acquisition to sell that product not just to Netflix or Major League Baseball or HBO but to our entire market."
Now what: Expect more good things from Level 3. While the company competes with formidable foes like Akamai
Interested in more info on Level 3? Add it to your watchlist.
Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Motley Fool newsletter services have recommended buying shares of and creating a bear put spread position in Netflix. Try any of our Foolish newsletter services free for 30 days.
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