Avoiding The Issue

10 September 2003

It is to be expected that Level 3 Communications, Inc. might not be mentioned in an article such as this. Level 3 carries all of its traffic – voice and data – over an end-to-end IP network.

Because of the history that exists between Level 3 and WorldCom, Cerf’s omission of any mention of Level 3 sends huge signals.

[DISCLAIMER: We’ve owned some Level 3 shares since 1998 and have added to those holdings annually.]

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