| Business Summary | | US
LEC
Corp.
is
a
provider
of
integrated
telecommunications
services,
including
local,
long
distance,
data,
Internet
and
enhanced
services
to
customers
in
selected
markets
in
Alabama,
Florida,
Georgia,
Kentucky,
Louisiana,
Maryland,
Mississippi,
North
Carolina,
Pennsylvania,
South
Carolina,
Tennessee,
Virginia
and
Washington
D.C.
US
LEC
is
also
certified
to
provide
telecommunications
services
in
Connecticut,
Delaware,
Indiana,
Massachusetts,
New
Jersey,
New
York,
Ohio
and
Texas.
The
Company
primarily
serves
telecommunications-intensive
customers,
including
businesses,
universities,
financial
institutions,
professional
service
firms
and
practices,
hospitals,
enhanced
service
providers,
Internet
service
providers,
hotels,
automobile
dealerships
and
government
agencies.
As
of
September
30,
2000,
US
LEC
reported
over
74,600
business
trunks,
over
24,000
ISP/ESP
trunks
and
over
22,500
business
lines. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | CLEC
is
a
provider
of
integrated
telecommunications
services,
including
local,
long
distance,
data,
Internet
and
enhanced
services
to
primarily
business,
university
and
institutional
customers.
For
the
six
months
ended
6/30/01,
revenues
rose
57%
to
$81.1
million.
Net
loss
applicable
to
Common
fell
29%
to
$36.7
million.
Results
reflect
an
increase
in
the
Company's
core
business
and
the
absence
of
a
$55
million
recurring
non-cash
charge
for
the
loss
on
the
resolution
of
disputed
revenue. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Richard Aab, 52 Chairman | $178K | Aaron Cowell, Jr., 39 Pres | 255K | Tansukh Ganatra, 57 Vice
Chairman, CEO | 174K | Michael Robinson, 44 Exec.
VP-Fin., CFO | 252K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|