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October 20, 2004 Stock Pick: Level 3 Communications, Inc. (LVLT)

Stock Price: $3.44

We released LVLT as a stock pick on July 14th at $3.06. It appears we were a bit premature with this stock pick. LVLT has just now started to show strength bouncing to as high as $3.78.

Level 3 Communications, Inc. is an international communications and information services company. They operate one of the world’s largest Internet backbones. The Internet backbone is where Internet Service Providers (ISPs) connect so that they can offer the World Wide Web to their local customers.

The company has started to show good business from its VoIP operations. We believe LVLT is set to become one of the leaders in carrying VoIP calls.

EGHT a pure play VoIP stock ran up 134% from our July 20th stock pick. Though, LVLT is not purely VoIP, they will probably make a bigger VoIP splash than EGHT. LVLT already has the needed infrastructure in place.

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