Epoch Partners Issues Research Note on Level 3 Communications

Research Note Highlights Q1 Results



Apr 19, 2001, 01:00 ET from Epoch Partners, Inc.

    SAN FRANCISCO, April 19 /PRNewswire/ -- Epoch Partners today issued a
 Research Note analyzing first quarter results from Level 3 Communications
 (Nasdaq: LVLT). The Research Note, issued today by Mark Langner, Senior
 Analyst for Broadband and IP Data Services, is available for free to investors
 through the Epoch Web site (www.epoch.com). The following are key highlights
 included in the Research Note:
 
     -- Level 3 announced first-quarter 2001 results today that beat
        expectations on both the top and bottom lines. The company lowered
        financial guidance for the remainder of the year and for 2002.
     -- We are changing our financial model to reflect the revised guidance.
     -- We do not see a major catalyst in the near term to buoy shares of
        Level 3.
 
     Broadband and IP Data Services Research Coverage
     Investors can visit Epoch's Web site for an in-depth analysis of the
 Broadband and IP Data Services industry and to read research coverage on the
 following public companies in this sector:  360networks, Akamai Technologies,
 Covad Communications, Digital Island, Equinix, Exodus Communications,
 InterNAP, Level 3 Communications, Loudcloud, and StorageNetworks.
     In addition, investors can be added to the Broadband Services email alert
 system, which alerts investors to new research in the Broadband Services
 sector. To be added to this alert system visit
 http://pluto.sparklist.com/scripts/lyris.pl?join=epochbroadbandservices .
 Epoch has also posted video interviews with George Conrades, CEO of Akamai
 Technologies, and Jay Adelson, CTO and co-founder of Equinix. Full research on
 these and other companies under coverage by Epoch is available for free to
 investors at www.epoch.com.
     Epoch Partners is a technology-enabled investment bank focused on
 high-growth companies and electronically connected institutional and
 individual investors.
 
     The information contained herein is based on sources believed to be
 reliable but is neither all-inclusive nor guaranteed by Epoch Partners.
 Opinions, if any, reflect our judgment at this time and are subject to change.
 Epoch Partners does not undertake to advise of changes in its opinion or the
 information. Epoch Partners may perform or seek to perform investment banking
 services for the issuers of securities which are the subject of our Research.
 Most of the companies Epoch Partners follows are emerging growth companies
 whose securities typically involve a higher degree of risk and more volatility
 than the securities of more established companies. The securities discussed in
 the Epoch Partners Research may be unsuitable for investors depending on their
 specific investment objectives and financial situation and needs. No report
 included in the Epoch Partners Research is a recommendation that any
 particular investor should purchase or sell any particular security in any
 amount or at all and is not a solicitation of any offer to purchase or sell
 from or to any particular investor. For additional information that may be
 available on the securities mentioned, please contact Epoch Partners.
 
     Epoch Partners is a member of the National Association of Securities
 Dealers, CRD number 103899.
 
 

SOURCE Epoch Partners, Inc.
    SAN FRANCISCO, April 19 /PRNewswire/ -- Epoch Partners today issued a
 Research Note analyzing first quarter results from Level 3 Communications
 (Nasdaq: LVLT). The Research Note, issued today by Mark Langner, Senior
 Analyst for Broadband and IP Data Services, is available for free to investors
 through the Epoch Web site (www.epoch.com). The following are key highlights
 included in the Research Note:
 
     -- Level 3 announced first-quarter 2001 results today that beat
        expectations on both the top and bottom lines. The company lowered
        financial guidance for the remainder of the year and for 2002.
     -- We are changing our financial model to reflect the revised guidance.
     -- We do not see a major catalyst in the near term to buoy shares of
        Level 3.
 
     Broadband and IP Data Services Research Coverage
     Investors can visit Epoch's Web site for an in-depth analysis of the
 Broadband and IP Data Services industry and to read research coverage on the
 following public companies in this sector:  360networks, Akamai Technologies,
 Covad Communications, Digital Island, Equinix, Exodus Communications,
 InterNAP, Level 3 Communications, Loudcloud, and StorageNetworks.
     In addition, investors can be added to the Broadband Services email alert
 system, which alerts investors to new research in the Broadband Services
 sector. To be added to this alert system visit
 http://pluto.sparklist.com/scripts/lyris.pl?join=epochbroadbandservices .
 Epoch has also posted video interviews with George Conrades, CEO of Akamai
 Technologies, and Jay Adelson, CTO and co-founder of Equinix. Full research on
 these and other companies under coverage by Epoch is available for free to
 investors at www.epoch.com.
     Epoch Partners is a technology-enabled investment bank focused on
 high-growth companies and electronically connected institutional and
 individual investors.
 
     The information contained herein is based on sources believed to be
 reliable but is neither all-inclusive nor guaranteed by Epoch Partners.
 Opinions, if any, reflect our judgment at this time and are subject to change.
 Epoch Partners does not undertake to advise of changes in its opinion or the
 information. Epoch Partners may perform or seek to perform investment banking
 services for the issuers of securities which are the subject of our Research.
 Most of the companies Epoch Partners follows are emerging growth companies
 whose securities typically involve a higher degree of risk and more volatility
 than the securities of more established companies. The securities discussed in
 the Epoch Partners Research may be unsuitable for investors depending on their
 specific investment objectives and financial situation and needs. No report
 included in the Epoch Partners Research is a recommendation that any
 particular investor should purchase or sell any particular security in any
 amount or at all and is not a solicitation of any offer to purchase or sell
 from or to any particular investor. For additional information that may be
 available on the securities mentioned, please contact Epoch Partners.
 
     Epoch Partners is a member of the National Association of Securities
 Dealers, CRD number 103899.
 
 SOURCE  Epoch Partners, Inc.