----- Original Message ----- > From: "William Allen Simpson" <william.allen.simp...@gmail.com>
> http://www.bloomberg.com/news/print/2011-04-11/level-3-agrees-to-acquire-global-crossing-in-deal-valued-at-1-9-billion.html > > The deal will combine two unprofitable companies with total revenue of > $6.26 billion as of last year, and cut annualized capital spending by > about $40 million, according to the statement. It will also help > reduce > the pressure on prices, which have declined by as much as 30 percent a > year in the industry, said Donna Jaegers, an analyst at DA Davidson & > Co. Let me see if I have that straight. We're *admitting* in public that the result will be to make prices go up for customers? Wow... Justice is going to have a field day with that. Cheers, -- jra
