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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (83708)	9/22/2000 6:11:31 PM
From: Jeff Leader	Read Replies (2) of 132070

MB, what's your take on this: "The company this week announced a third deal, with Qwest Communications International. Under terms of the deal, Qwest has committed to purchasing a minimum of $300 million of Tellium's equipment over the next three years, according to the SEC filing.. As part of the deal, Tellium also issued two warrants to a subsidiary of Qwest for it to purchase 2,000,000 shares of Tellium common stock at an exercise price of $30 per share. Tellium also sold 333,333 shares of common stock at $30 per share to officers and affiliates of Qwest, according to the filing." This practice is becoming incredibly pervasive. All's fair in love, war and IPO's? yahoo.cnet.com

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