Qwest Communications (Q) (formerly QWST) Message Board

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

Q 82.04

-1.7%

Dec 5 9:30 AM EST

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To: SJS who wrote (782)	2/13/1998 10:00:00 AM
From: MangoBoy	Read Replies (3) of 6846

["IXC Communications better bet than Qwest" - Lappin] NEW YORK, Feb 12 (Reuters) - IXC Communications (NASDAQ:IIXC), was highlighted as a telecommunications services company with strong prospects for 1998 in the Inside Wall Street column of Thursday's edition of Business Week. Joan Lappin, the president of Gramercy Capital Management, was quoted in the article saying IXC, a wholesaler of switched long-distance services for voice, video and data, was expected to report 1998 revenues of $600 million. The company reported 1997 revenues of $420.7 million early Thursday morning, but a loss of $0.99 a share in the fourth quarter compared to a loss of $0.27 during the same period a year ago. Lappin said IXC is a better bet than rival Qwest Communications International, saying it is only now beginning to provide telecom services. "Qwest has made the year look terrific by reporting 1997 earnings that have little to do with its telecom activities, which have been losing money," Lappin was quoted as saying in the article. The article said Lappin thinks Qwest, "is a terrific stock to sell short." The article also noted that Lappin thinks IXC is worth twice what it is selling for and Qwest is worth only half its current price.

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