Steve Pilgrim's Radio Weblog : Out of the rat race and onto the web!
Updated: 6/5/2002; 12:42:47 AM.












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Friday, May 31, 2002

Your Tax Dollars at Work
Wonder who will provide all that bandwidth?

IBM nets its biggest supercomputer deal yet. Deal valued at more than $200 million [InfoWorld: Top News]

9:51:04 PM     Comments[]

Legacy Investments and Legacy Support

Is Net telephony poised to take off?. Internet phone technology VoIP is ready for mass adoption, according to analysts. So what's holding it back? Old equipment dies hard. [CNET]

9:45:19 PM     Comments[]

Here We Go Again

Energy alert issued in California [USA Today : Front Page]

9:43:04 PM     Comments[]

See Level 3's Press Release

KPNQwest will file for bankruptcy of all its units, according to the Dutch data-service company, and it is likely to liquidate its assets within a few days. [Wall Street Journal]

3:49:39 PM     Comments[]

If RadioPoint turns out to be easy,

I'll use it a lot! Thanks to everybody at Userland Software, Inc. who had a hand in it!

Cool.  I just built a presentation about RadioPoint online presentations.  Check it out.  It took me 5 minutes to install the tool, make the presentation, and share it with you.  Whew, after all the hours I used to spend building klunky PowerPoint slides, finding a place to store them on my desktop, archiving them, and sending them to people via e-mail. [John Robb's Radio Weblog]

3:39:49 PM     Comments[]

Accounting Software Consolidation

Microsoft readies barrage of ERP products. Company set to unleash CRM, ERM, HRP, PSA wares [InfoWorld: Top News]

In the world of business management/accounting software for small to medium businesses (i.e. mid-market) few people realize just how rapidly consolidation is taking place. We're soon to be left with a handful or two of companies from the Oracle, Siebel, Peoplesoft, SAP world down through the Microsoft (Great Plains, Solomon, Realworld, Navision), SouthWare and Best Software ranks. Below that we see true vertical market applications and the likes of Intuit. BEA Systems, Lawson, J.D. Edwards, Ross and others are in there somewhere, but the list is getting pretty thin.

3:32:35 PM     Comments[]

I want this blog to disappear for a short while

and then reappear transformed! I've got the host, I've got the domain(s), I've got an existing weblog. Now, if only I can find a theme designer! Here's hoping it turns out looking as good as Mr. Quick's!

Gentle Readers, today sometime DailyPundit. Gentle Readers, today sometime DailyPundit will vanish for a short while and then reappear, an ugly duckling transformed into a... [Dailypundit]

3:20:31 PM     Comments[]

Level 3 Signs Contract to Provide Service to SURFnet
Dutch ISP Purchases Internet Access and Wavelengths
Initial Services Turned up in Hours

Amsterdam, May 31, 2002; Level 3 Communications, Inc. (Nasdaq:LVLT) today announced that it has been awarded a contract to supply broadband communications services to SURFnet, the Dutch ISP.

Level 3 is now providing SURFnet with dedicated Internet access in Amsterdam and wavelengths services between Europe and North America.

Kees Neggers, managing director of SURFnet commented, "We are very glad that we have been able to get a service provider that could deliver the complete package of services at such extremely short notice, such that SURFnet's service to its clients is guaranteed and of top quality."

SURFnet is the national computer network for higher education and research in The Netherlands. It connects the networks of universities, colleges, research centres, academic hospitals and scientific libraries to one another and to other networks in Europe and the rest of the world.

In response to numerous inquiries Level 3 has received from concerned companies, Level 3 has established a dedicated customer support organization to assist customers concerned with potential disruptions in service in Europe.

"Within hours of Level 3 and SURFnet signing the contract Internet access was turned up. The wavelength services are being provisioned in a matter of days," said Brady Rafuse, president for Level 3 in Europe. "It is a real tribute to our network, the quality of service that we are able to offer and to our people that we have been able to respond to customer requests so rapidly over the last few days."

Level 3 currently offers service in nine major European markets and is expanding to eight additional markets across Western Europe in 2002. The new markets are Geneva, Madrid, Milan, Stockholm and Zurich, and the German cities of Cologne, Karlsruhe and Stuttgart. Once the expansion is complete, Level 3 will be able to deliver services to 17 of the top markets on the continent.

Level 3's existing, two-ring network in Europe spans 3,600 route miles. It connects London, Amsterdam, Brussels and Paris and the German cities of Frankfurt, Dusseldorf, Hamburg, Berlin and Munich. The company also operates multi-conduit metropolitan networks in all nine markets.

Level 3 offers a range of communications services targeted toward the world's top 300 bandwidth customers, including wavelengths, private line, dark fiber, managed modem and IP services. Level 3's current customers include companies such as America Online, BT, Cable & Wireless, COLT Telecom Group, France Telecom and Microsoft.

About Level 3 Communications

Level 3 (Nasdaq:LVLT) is an international communications and information services company offering a wide selection of services including IP services, broadband transport, colocation services and the industry's first Softswitch based services. Its Web address is

The company offers information services through its wholly-owned subsidiaries, (i)Structure and Corporate Software. (i)Structure is an Application Infrastructure Provider that provides managed IT infrastructure services and enables businesses to outsource IT operations. Its Web address is

Corporate Software helps Fortune 500 companies acquire, implement, and manage software. Its Web address is

Forward Looking Statement

Some of the statements made by Level 3 in this press release are forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. Level 3 believes that its primary risk factors include, but are not limited to: changes in the overall economy relating to, among other things, the September 11 attacks and subsequent events, substantial capital requirements; development of effective internal processes and systems; the ability to attract and retain high quality employees; technology; the number and size of competitors in its markets; law and regulatory policy; and the mix of products and services offered in the company's target markets. Additional information concerning these and other important factors can be found within Level 3's filings with the Securities and Exchange Commission. Statements in this release should be evaluated in light of these important factors.



2:57:02 PM     Comments[]

India is attempting to

reassure, but the U.S. is saying "get out!"

Americans in India were advised by the U.S. State Department to leave the country because of rising danger of conflict between India and Pakistan. [Wall Street Journal]

11:21:29 AM     Comments[]

$2 billion to telecom in this market?

We'll see. If they succeed, there will be others.

AT&T ready to raise $2bn through equity sale. AT&T is preparing to raise $2bn-$2.25bn through the sale of shares and other securities, representing one of the biggest sales of pure equity attempted by a US telecommunications company in the current industry downturn. By Richard Waters in New York. [New York Times: Business]

10:00:50 AM     Comments[]

Will Blog for Food?

HENRY COPELAND is interested in seeing bloggers make money, and he's got some plans. [InstaPundit]

9:51:47 AM     Comments[]

A Weighty Issue Indeed

ANDREW SULLIVAN (whose permalinks are actually working now) weighs in on the Great Web Traffic Debate. Hey guys: all it takes is an open counter. And Mickey Kaus has responded to Sullivan's "burly beer-buddy" Jonah Goldberg's remarks on the traffic that Slate gets via MSN and MSNBC: "It's called leveraging monopoly power, buddy! You got a problem with that?" You tell 'em, Mickey! [InstaPundit]

9:42:03 AM     Comments[]

Sir Winston Churchill. "It is a good thing for an uneducated man to read books of quotations." [Quotes of the Day]

Please Avoid VoiceStream

6:43:36 AM     Comments[]

What A Tangled Web

J. P. Morgan Cited in Failure of a Global Crossing Bid. The collapse of an agreement last week for two Asian companies to make a bid for Global Crossing is being attributed to actions by J. P. Morgan Chase. By Simon Romero. [New York Times: Technology]

6:36:09 AM     Comments[]

Qwest's Yellow Pages business

might bring in $6-$8 billion. That would seem to (temporarily) help with a number of different problems. Moody's must know something more!

Technology Briefing: Telecommunications. Moody's Cuts Qwest Credit Rating. [New York Times: Technology]

6:33:36 AM     Comments[]

Dale Carnegie. "You can make more friends in two months by becoming interested in other people than you can in two years by trying to get other people interested in you." [Motivational Quotes of the Day]

6:27:37 AM     Comments[]

Buying a business

and buying a stock should involve the same disciplines and methodology. Buying a stock "seems" easy because we can now enter a ticker symbol and a share count for something we read about in the morning paper. Nearly 100% of the time that 's the wrong thing to do and the wrong way to do it. I take John's recent references to investing in public companies as "casino" or "speculative fiction" to mean there are plenty of places this is true. However, there are disciplines that can be followed when buying all or part of a business that not only reduce and measure the risk, but enhance the likelihood of reward. The universe of those following such disciplines is admittedly small, but their results can be staggering!

Here is a post on stock ownership from the perspective of a mouse.  What do individuals buy when they buy stock?  The books say that you buy rights to a share of future cash flows.   When stocks looked more like bonds (when they distributed excess earnings as dividends to shareholders), this was a valid definition.   What individual investors buy today is speculative fiction in regards to valuation, potential for acquisition, momentum, earnings surprises, etc.   This is a volitile basis for ownership and leads to excess.  The books are right in that over the short term dividends don't matter, but longer term they matter a lot.  Why?  They force corporate management to avoid low yeild investments and opaque accounting. [John Robb's Radio Weblog]

6:25:42 AM     Comments[]

Level 3 Communications, Inc.

During the period mentioned Jack participated in many conference calls and analysts' meetings at Level 3. No doubt he was "covering" the rest of the pack at the same time. While I detest the notion that the government can solve corporate problems, there is an issue here that is either going to get solved between the investment bankers and the analysts or some rules-based entity is going to have to step in. The dot com bubble had far to many instances of analysts hyping a stock issue while his or her firm was backing the IPO. At that point it's a fair question to ask which "hat" he or she is wearing!

ANALYST JACK GRUBMAN was instrumental in making key management and business decisions at Global Crossing for two years after the firm went public in August 1998. [Wall Street Journal]

6:14:16 AM     Comments[]

Albert Einstein. "My religion consists of a humble admiration of the illimitable superior spirit who reveals himself in the slight details we are able to perceive with our frail and feeble mind." [Quotes of the Day]

6:06:27 AM     Comments[]

Radio features and posts

in the distant past often escape my attention. More often I find that I simply haven't got the know-how at the moment I'm exposed to a new feature. I'm glad to see posts such as this because it means several things are true. First, others are experiencing similar learning curves, and that's a bit of a comfort. Second, with repetition will come another wave of users of a feature.

Adam Wendt:  "Would you believe that I only just found this RCS feature?  How?  Jenny linked to Phil Wolff.  In his sidebar he links to it."  [The Peanut Gallery] [ via Jenny]  I put mine on the left." I've added a link to referrers by rss to the sidebar - cool... []

6:02:00 AM     Comments[]

Robert Louis Stevenson. "Politics is perhaps the only profession for which no preparation is thought necessary." [Quotes of the Day]

5:54:46 AM     Comments[]

© Copyright 2002 Steve Pilgrim.

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