Broadwing Corp.

7015 Albert Einstein Dr.

Year founded: 1997

Industry: Telecommunications

Post 200 Category: Top 125 Companies

Revenue: $672.28 Million

Net Income/Loss: ($152,181,000.00)

Earnings per share: ($2.86)

Dividend: n/a

Stockholder equity: $455.04 Million

Auditor: KPMG LLP

Stock: BWNG

Assets: $780.99 Million

Market capitalization: $335.23 Million

52-week high: 19.41 4/15/2004

52-week low: 3.46 4/12/2005

Chairman and CEO: David R. Huber

President: James A. Bannantine

Employees: 1661

Local employees: 200

Description: Broadwing was founded as a seller of fiber-optic equipment but left that business to focus on providing high-speed networks between client offices.

Developments: Broadwing changed its name from Corvis Corp. last year. Whatever the name, the company is trying to break free from a rough, money-losing history. For 2004, the company lost $152.2 million and had revenue of $672.3 million, compared with a loss of $260.5 million and revenue of $314.3 million in 2003. A reverse stock split last year converted every 20 shares of the company's common stock into one share of common stock. New contracts for 2004 included a five-year deal to provide communications services to AirTran Airways; Broadwing's network now supports AirTran's online reservation and passenger check-in networks. Broadwing also announced a deal with the Mayo Foundation in which Broadwing's optical network will connect the organization's clinics in Minnesota, Florida and Arizona. Under another deal, Broadwing will supply Ascent Media Group Inc., a distributor of programming for channels such as the NFL Network, with a speedy optical network connection that will allow for real-time video and file transfers between Ascent's production facilities and satellite transmission facilities across the United States. In March 2004, the company acquired, for $210 million in stock and debt assumption, the Chicago-based Focal Communications Corp.; the acquisition gives Corvis a local telephone network in 23 U.S. markets. Broadwing this month agreed to pay $35 million to settle a patent infringement claim by rival Ciena Corp. In 2000, Ciena sued Corvis, claiming the company had violated four of Ciena's patents. Juries cleared Corvis of infringement on two patents and sided with Ciena on a third. The fourth patent case was resolved on April 1. As part of the $35 million settlement, Broadwing can apply $33 million toward the purchase of Ciena equipment and services over the next three and a half years.

Executive Compensation
Chairman and CEO: David R. Huber
Total Cash: $394,851.00
Total Compensation: $4,147,738.00