Stock Watch: Next Level Tumbles After Qwest Purchase

Next Level Communications, Inc. (Nasdaq: NXTV) tumbled 49 13/16 to 41 3/4 Thursday, a drop of more than 54 percent.

The fall followed a report from Lehman Brothers that Next Level’s earnings from customer Qwest, a broadband Internet communications company, were likely to suffer following Quest’s purchase of US West, Inc. Despite the report, Qwest rose 3/8 to 47 1/2 Thursday.

Next Level, a supplier of DSL broadband systems, is based in Sonoma County, California.

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