Qwest Communications (Q) (formerly QWST) Message Board

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Technology Stocks : Qwest Communications (Q) (formerly QWST)

Q 83.46

+3.9%

3:59 PM EST

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To: Gary Mohilner who wrote (4267)	6/22/1999 2:04:00 PM
From: Maven	Read Replies (2) of 6846

I think Nacchio angered BLS by his hostile bid for USW. BLS had shelled out $3.5 billion in May for 10% of Qwest, and then saw their investment drop by 24%. I also think that BLS had intended buying more of QWST, and anticipate more trouble acquiring USW if Qwest is successful in its bid. It would surprise me if BLS steps up and offers to finance Qwest's takeover attempt, viewing it as a rash movement on Nacchio's part rather than a strategic play. RSSheldon

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