Short Centurylink: Look Past Stock Buybacks And Dividends For A 45% Return

Global Savvis study finds business growth driving enterprises to hybrid IT outsourcing models

US datacenter services are expected to continue double-digit growth. According to Oppenheimer estimates, outsourced data center revenue is expected to grow at a 4-year CAGR of 10.4% from $11.7 billion in 2012 to 17.4 billion in 2016E. Aggressive Changes in Accounting Practices CTL has made a number of aggressive changes in accounting methodology over the past several quarters: Depreciation Depreciation has been decreased over the past year, from $2.416 million in 1H12 to $2.240 million in 1H13 or a delta of $176 million, despite an increasing CapEx environment. The change in policy has probably benefited EPS. The company provides the following relevant disclosures: 2012 10-K: ” depreciation and amortization expense for Legacy CenturyLink decreased $149 million, or 3.7%, due to annual updates of our depreciation rates for capitalized assets and an out-of-period accounting adjustment depreciation and amortization for Legacy CenturyLink increased $72 million, or 5.0% in 2011 primarily due to higher levels of PP&E ” 2013 2nd Quarter 10-Q: “Depreciation expense decreased for the three and six months ended June 30, 2013 as compared to the three and six months ended June 30, 2012 primarily due to depreciation rate changes of certain telecommunications equipment amortization expense decreased for the three and six months ended June 30, 2013 as compared to the three and six months ended June 30, 2012 partially due to the use of accelerated amortization for a portion of the customer relationship assets.” Capitalized Labor The company has also provided from disclosure on the benefit from a change in rates of capitalized labor: 2012 10-K: “Effective January 1, 2012, we changed our rates of capitalized labor this transition resulted in an estimated $40 million to $55 million increase in the amount of labor capitalized and a corresponding estimated $40 million to $55 million decrease in operating expenses for the year ended December 31, 2012.
Full version: http://seekingalpha.com/article/1725042-short-centurylink-look-past-stock-buybacks-and-dividends-for-a-45-return

CenturyLink Intellectual Property Assigned Patent

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The additional seating would push CenturyLink Field’s capacity to just over 70,000. The decision isn’t final yet, but if the team does go through with the plans, the additional seats might be metal bleachers. Fans can stomp on metal bleachers to make more noise, which is perfect for Seattle because the goal for fans at every Seahawks game seems to be ‘make as much noise as possible until the other team is rendered deaf.’ The Seahawks have won 10 straight games at home dating back to the team’s 2012 home opener. The last time the Seahawks lost in Seattle was on Dec.
Full version: http://www.cbssports.com/nfl/eye-on-football/23989145/report-seahawks-might-add-2k-to-3k-seats-at-centurylink-field-for-2014

Stephen Lin picture

We never sell or give away your contact information. Our readers’ trust comes first. After months of negotiations, CWA members voted 54 percent to 46 percent on Monday to not approve the tentative 5-year agreement they established in late-July.
Full version: http://www.fiercetelecom.com/story/centurylink-cwa-resume-new-contract-negotiations/2013-10-03

CenturyLink, CWA to resume new contract negotiations

About CenturyLink CenturyLink is the third largest telecommunications company in the United States and is recognized as a leader in the network services market by technology industry analyst firms. The company is a global leader in cloud infrastructure and hosted IT solutions for enterprise customers.
Full version: http://finance.yahoo.com/news/global-savvis-study-finds-business-130000390.html

CenturyLink Wholesale Receives Five “Best-in-Class” Awards

4 — CenturyLink Intellectual Property, Denver, has been assigned a patent (8,548,152) developed by Jeffrey Leister, Hilliard, Ohio, John Zeigler, Powell, Ohio, and Jennifer Stilgenbauer, Lawrence, Kan., for a “system and method for handling toll free number telephone calls.” The abstract of the patent published by the U.S. Patent and Trademark Office states: “A system and method for processing toll free telephone calls by a telecommunications service provider may include receiving, by the telecommunications service provider, a telephone call request for a telephone call being placed to a toll free telephone number from a telephone within a service area of the telecommunications service provider. The telecommunications service provider may determine that the toll free telephone number is one operated by the telecommunications service provider. The telephone call may be routed via a network of the telecommunications service provider to a telephone associated with the toll free telephone number to connect the telephone call.” The patent application was filed on Dec.
Full version: http://www.tmcnet.com/usubmit/-centurylink-intellectual-property-assigned-patent-/2013/10/04/7457415.htm

CenturyLink Athlete of Week: Anna Paradee of Federal Way’s Decatur H.S.

“According to wholesale buyers, CenturyLink consistently beats customers’ expectations for on-time service delivery, customer service, and overall data value.” The survey results are detailed in ATLANTIC-ACM’s 2013 Metro Wholesale Carrier Report Card. About CenturyLink CenturyLink is the third largest telecommunications company in the United States and is recognized as a leader in the network services market by technology industry analyst firms. The company is a global leader in cloud infrastructure and hosted IT solutions for enterprise customers.
Full version: http://online.wsj.com/article/PR-CO-20130924-909077.html

Report: Seahawks might add 2K-3K seats at CenturyLink Field for 2014

The Seahawks are trying to find out how many fans they can cram into CenturyLink Field. (USATSI)

10 to apply. Grants will be awarded in April. All public and private school teachers, from preschool through 12th grade, who teach in a CenturyLink service area are eligible.
Full version: http://magicvalley.com/news/local/centurylink-to-award-in-tech-grants-to-idaho-teachers/article_0cabd158-45bd-575a-85b2-d1dd364492e2.html

CenturyLink to Award $50,000 in Tech Grants to Idaho Teachers

As a junior last year, she placed 6th in State in dive, 4th at State in gymnastics on the vault, and 4th at the Track and Field State Championships in the pole vault. She takes multiple AP courses and was elected Community Relations Officer as part of the ASB at Decatur H.S. She is a member of the Ignite Student Mentor program, volunteers at the Browns Point United Methodist Churchs food bank, and has volunteered for Habitat for Humanity. As the CenturyLink High School Athlete of the Week, Anna will also be recognized at her school in front of her family, peers and teachers.
Full version: http://q13fox.com/2013/10/04/centurylink-athlete-of-the-week/

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