|
Level 3 to Exit Web Hosting Business. Level 3 is walking away from its web-hosting business, and handing the keys, staff, leases, and customers to Computer Sciences Corp. "The Internet hosting business was expected to generate revenues of about $40 million, and a loss, excluding interest, taxes, depreciation and amortization, of about $5 million for the full year 2003." Given that Level 3 is the one telco that attracted investment from Warren Buffet, what does that say about the health and profitability of the web-hosting business? It's certainly not encouraging. [Source: Reuters]
Posted Friday, April 04, 2003 1:48:14 PM 
|
