Thread regarding Lumen Technologies layoffs

Cogent busting on Lumen . .

“ So is Schafer (Cogent) correct, NaaS is just a made up term that companies like Lumen invented to describe what others "have been doing" successfully for 10ish years???

SDWAN !!

software companies and hyperscalers have arguably proven telecom and their d-mb pipes dont have the talent or foresight to control their networks.

AWS has literally created a "$100B" business doing what “telco couldn’t” but should have been able to since they owned the assets… Lumen talking NaaS and this “fabric” nonsense kinda seems like them pretending they are on to a great opportunity but it just may be they are just hopping on a very crowded bandwagon.
Lumen making fantastical opportunity claims that NEVER show up in revenue is nothing new.. “

“Prove me wrong Kate and Chris.”

Thanks - TMV

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| 1402 views | | 11 replies (last June 15, 2024) | Reply
Post ID: @OP+1sMVjdzS

11 replies (most recent on top)

"More RIF to come as the boat keeps sinking"

RIFs are coming not because the ship is sinking, but because AI is doing the job better and cheaper than the luddite workforce that infests this board.

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Post ID: @gwnb+1sMVjdzS

The hardest part of selling for Lumen is getting solutions installed.
1 day ago by Anonymous | 5 reactions (+4/-1)
Post ID: @2wll+1sMVjdzS

Maybe more RIF should come, get rid of the talent that is needed. Hiring newbies in US and India to replace RIF people is the typical sword to own neck syndrome and KJ went directly there.

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Post ID: @4tho+1sMVjdzS

To cosign an earlier comment, until the internal silos, process and system issues are addressed, these "products" will also fail. The access is everything! Until we can provide that consistently in a timely manner, we are doomed. 90 days or more to turn up a p2p OWS service across our own network where the fiber and transport facilities are already in place across all the legacy companies that we own? FOH 90 - 120 days or more for a fiber build after an order has already been sitting in the legacy red order system because the manual swivel to the green system, for local access was dropped, and it was already sitting with red for 90 days, or mysteriously cancelled? Automated quoting systems are trash and consistently result in high cost issues. So after a customer has waited almost 6 months and we finally get to the access piece, surprise! We need 50k more to provide you the service. How about some reporting and analysis on that?

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Post ID: @3avy+1sMVjdzS

Cogent's stock is down over the years also, but their market cap is blowing the doors off of Lumen. Cogent's SLA's are far superior. They install Fiber in days or weeks, Lumen - 60 days, if you're lucky. Installations are a complete S-show at Lumen, and the nightmare process and inevitable delays and excuses fall on the sales reps and engineers. The hardest part of selling for Lumen is getting solutions installed. The second, is getting orders through the painful myriad of dated systems to agreement. The easy part is selling the customer. I'd like to see the numbers on how many customers cancel their orders due to Lumen's incompetence. And it's just getting worse after every round of layoffs as there are so few boots in the field. All of these new solutions rely on a fiber connection, and Lumen can't even get that right. And as you know, AI isn't going to fix this.

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Post ID: @2wll+1sMVjdzS

"Lumen's New Guys with AI experience out of AWS"

What "guys"? It was one person.

You just made many people laugh. Good AI people don't leave Amazon. Must be an AWS newbie Lumen has hired. It does not matter because being late to the game means what it means.

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Post ID: @1bvi+1sMVjdzS

Lumen's New Guys with AI experience out of AWS, and much more. Note the Chief Products Officer calls AI more "hype," initially, confirmed by Sales Force today. They need the Lumen Network "Constructs" including Naas, Exaswitch, BLL security, and Edge to make it best of breed ultimately.

Back to the Future. George McFly at your service. No charge.

https://youtu.be/2FjC1oQNGiE?si=9hKZbDI52aLPvU0t

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Post ID: @1sui+1sMVjdzS

"Finally, we're taking a major step forward in security innovation by launching an exciting new subscription service that leverages patented AI powered IP based threat detection and prevention capabilities from Lumen's very own Black Lotus Labs."

Hello McFly, Lumen just hired their 1st AI person and he has a newbie resume. Lumen is not a technology company and it should stop pretending to be one. Isn't "2nd half of 2024" a bit too late? More RIF to come as the boat keeps sinking.

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Post ID: @zxh+1sMVjdzS

I used to describe Cogent as a GNAT in telecom. An annoying little gnat buzzing around The Large Elephant in the Room.

They're a free loading gnat still aggregating less than one billion in annual sales. To have them mentioned in the same sentence with Lumen is a Wall Street hoax. Level 3 used to correctly state, "we don't consider Cogent a competitor." There was a dispute as you should recall, with Level 3 having to force them to the table to pay for cheats on "traffic exchange." They don't build or create anything, while being confined to small&medium enterprises inside the last mile.

The CFO referenced BLL as part of today's conference call as being the most exciting "near term" growth opportunity that will stick considering its patented, proprietary intellectual property. He said it this way:

"On the innovation piece, by the fall, we will have launched Lumen Defender, which is our Black Lotus Labs based IP blocking a security product...

I would say we're excited about two things in the near term. The first is again big connectivity deals. There's a lot of conversation going on right now across large enterprise and hyperscalers. The second is our security product. Black Lotus Labs is a unique asset that is ours and we blocked a nation-state threats since the beginning of the year. We see $200 billion net flows a day and we know who the bad guys are and continue to identify new ones.

So I think our ability to monetize that and bring value to enterprise near term is probably one of the faster to scale products you'll see."

Best to continue to answer your product/growth questions through management's own words on the recent earnings call:

Now, despite these pressures, we did maintain sequential and year-over-year revenue growth in Q1 within our North America enterprise grow product portfolio, and we also made material traction in driving customer adoption of our flagship digital offering, network as a service or Lumen NaaS, both important components of our turnaround story.

All right. Let's talk about ExaSwitch. We created this award winning high capacity optical switching platform to meet the demands of hyperscaler peering, while also functioning as a high capacity on ramp to the public cloud for enterprises. Now, the need to reimagine multi-cloud connectivity has never been more important as AI, autonomous systems and exploding data growth redefine enterprise networking and security needs, every millisecond counts. That's why ExaSwitch use cases are extending far beyond hyperscaler peering into things like AI exchanges, because it's the only optical switching platform of its kind that can rise to today's performance and security challenges.

Let's look at our mass markets business now. We continue to execute our strategy to deploy capital where we see the greatest opportunities for growth, and we're on track to deliver more than 500,000 new fiber enabled locations this year, and we're optimizing our pre-sales motions to drive penetration into those assets as quickly as possible.

Finally, and most importantly, our sales growth engines within our business and mass market segments accelerated in the first quarter as we saw a strong improvement in performance within both North American enterprise sales with a 27% year-over-year growth and quantum fiber broadband net additions. All of this gives us confidence in our 2024 guidance, with EBITDA expected to improve from a low point in the first quarter.

Finally, we're taking a major step forward in security innovation by launching an exciting new subscription service that leverages patented AI powered IP based threat detection and prevention capabilities from Lumen's very own Black Lotus Labs. In the second half of 2024, this security service called Lumen Defender will be broadly available on our NaaS and DIA connections, enabling enterprise customers to have more secure connectivity as we help identify and block threats at the network level.
,,,new logos are selling at a rate that's into double-digits in terms of growth and it really is those growth products, so the motion is working.

Black Lotus Labs is without a doubt a not so secret we-pon, and they have helped keep the country safe. Their value is incredible and we're incredibly proud to have them in our portfolio. The reason why they're so valuable is because they see our network traffic and the capabilities that we're developing and launching in Lumen Defender, take their patented data models and basically enable those to be available in an integrated fashion with our network. Nobody else is doing that right now. So we're excited about the potential value and you will see them as an integral part of our team moving forward.

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Post ID: @jxk+1sMVjdzS

“ We have considered Cogent to simply be "telecom resellers" inside the last mile for the most part “

  • Isn’t Lumen pumping and reselling for Microsoft

“ they don't own sufficient network with the necessary "smart services" to compete effectively any longer. “

  • Please share the names of these “smart products & services”, then share how much “new” revenue they’ve generated this year, please forgo listing the cannibalized sales because they don’t count.

“Dave Schaeffer is out of touch, and has always just been a P2P "free loader" using LVLT's fiber in the past as part of IRU's along with Sprint's OLD 1980's "wireline" LD network recently, when Tmobile gave it away to them as "charity."

  • I would say generating revenues with out buying or building out
    extensive overhead has worked well for Schaeffer thus far

“ Who calls this guy a Titan? A great salesman and sales organization up until now riding on "Free Light."

There’s no shame in trading/peering – Easy is good if it works.

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Post ID: @wro+1sMVjdzS

TMV just bought stock this morning after all his silly rants leading up to this. Dave Schaeffer is out of touch, and has always just been a P2P "free loader" using LVLT's fiber in the past as part of IRU's along with Sprint's OLD 1980's "wireline" LD network recently, when Tmobile gave it away to them as "charity." We have considered Cogent to simply be "telecom resellers" inside the last mile for the most part. They should start selling for Lumen, because they don't own sufficient network with the necessary "smart services" to compete effectively any longer.

Who calls this guy a Titan? A great salesman and sales organization up until now riding on "Free Light."

This site is infected by "short sellers." So sad, that good employees of Lumen have to be su-ked into their vortex of wanting the COmpany to fail so they can ensure tax free profits.

TMV
23m

@KarlDieGlatze to be fair, sure, the multiples looked good when announced,

HOWEVER,

when factoring in a whole host of post deal support and NOL extinguishment, Wall Street and the rest of the investment community realized Jeff storey firesaled those assets to mudddy the waters on other claims he was MORE than mistaken about that were supposed to be the last iteration of Lumens faulty return to growth rhetoric!!

I bought some shares today based on what Stansbury said.

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Post ID: @ybx+1sMVjdzS

Lumen cannot cut out of wet paper bag even after they hire in very expensive big g-ns with super razors. Maybe Cogent buys Lumen?

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Post ID: @wgm+1sMVjdzS

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