I'm hearing some additional rumors about Level3. While I have no inside information, some people close to the company keep whispering that more layoffs are possibly planned and that the cuts will go into the ranks of some Vice Presidents.
What is clear is that as a company Level3 has not met its expectations and the question is all about the board of directors intentions and how it will in turn handle the company's day to day leadership.
Clearly there is a concern amongst many that the company has not moved from their managed hosting and data transmission environment as well as was expected. This is a huge concern and unless they can start posting numbers that match their expectations, changes will have to be in the wind.