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Technology Stocks : Qwest Communications (Q) (formerly QWST)
Q 78.94-6.9%Dec 12 9:30 AM EST
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To: TideGlider who wrote (1419)6/4/1998 4:59:00 PM
From: David Lawrence   of 6846
 
>>The large shareholders of LCI have shorted against the box. What is happening is that a large portion of the QWST stockholders money is being put in the LCI stockholders pockets.

I would tend to agree with you. If so, it was a risky play, but it appears to have worked. As a non-shorting LCI holder, I appear to have lost 10-15% if my [1-LCI = $42QWST] value, but have would up with greater that 1.06 shares of QWST. These deals are never simple.
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