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

Q 95.56

-4.3%

Feb 4 3:59 PM EST

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To: JRH who wrote (4651)	7/21/1999 10:05:00 AM
From: MangoBoy	Read Replies (2) of 6846

[IXC Second Quarter Results to Fall Short of Expectations] AUSTIN, Texas--(BUSINESS WIRE)--July 21, 1999---IXC Communications, Inc. announced today that it expected revenue and EBITDA results to fall short of analyst expectations for the quarter ended June 30, 1999 as well as for the full fiscal year. The company, which is in the midst of an operational restructuring, reached this conclusion as a result of new management's detailed review of the overall business. Today's announcement will have no impact on IXC's ability or timing to proceed with its definitive merger agreement with Cincinnati Bell. The company noted that Cincinnati Bell has been kept fully informed regarding IXC's performance and progress.

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