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Technology Stocks : Qwest Communications (Q) (formerly QWST)
Q 83.53-2.8%Nov 14 9:30 AM EST
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To: investsformoney who wrote (3942)6/9/1999 2:50:00 PM
From: Roger Hess  Read Replies (1) of 6846
 
If Qwest ends up buying someone out rather than being bought out, then all of my bets are off.

I've thought several times how ironic it would be for Qwest to do so well that they ended up buying out some of the companies that their execs came from. These guys could become their former bosses' boss! Some early retirements, perhaps?

Several things make me wonder, though:

1) Qwest doesn't have the cash yet since they don't have profits. To purchase someone, I would believe they would have to trade stock, which would mean further dilution of Anschutz' ownership. The more he were to give up, the less % he would own and the closer he would get to some day losing control over the company.

2) Since BellSouth has the older infrastructure, I don't know if Qwest would like to get tied in with so much old technology, when what they have now is state-of-the-art. Why not just let the telcos get stuck with their old technology?

Who knows? I certainly don't, I'm just throwing these things out to see what people think.

As an aside, it's interesting to see young Internet companies having such huge runups in their stock. I guess they may be able to purchase companies who have been around longer some day. For instance, could an AOL or Yahoo some day purchase a CNN or CBS? Amazon.com take over Barnes & Noble? Take an Internet company who isn't generating profits yet, but has a huge market capitalization and take over a company by trading stock. Then, the Internet company instantly becomes profitable due to profits generated by its new subsidiary.
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