Here is the beef
Frank,
Could you be right about the router manufacturers ? Take a look at the volume of shares traded yesterday 3/25/98.
COMS 21,173,800
CSCO 11,358,600
BAY 3,450,600
ASND 16,050,500
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Total 52,033,500
And .....
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Thursday March 26, 5:37 am Eastern Time
Qwest will buy Holland's EUnet Intl
DENVER, March 26 (Reuters) - Qwest Communications International Inc (QWST - news) said on Thursday it will buy Netherlands-based Internet service provider EUnet International for about $154.4 million in stock and cash.
Qwest said in a news release the deal gives it a foothold in the European data transmission market through EUnet's network of operating units in 13 countries.
The deal calls for EUnet shareholders to receive $135.5 million in new Qwest shares and about $4.5 million in cash. The balance, $14.4 million, will be paid either as cash or stock, at Qwest's option, it said.
Both companies' boards have approved the deal, it said. The deal is expected to close in 30 days and will be accounted as a purchase. EUnet had 1997 revenues of $55 million, Qwest said. Its first quarter 1998 revenues are expected to reach $16 million and its revenues for the year are seen reaching $75 million.
Qwest also will fund EUnet's purchase of a 50-percent stake in the German Internet provider X-Link, it said.
Earlier this month, Qwest -- principally engaged in the construction of high-tech fiber optic network for voice, data and multimedia traffic -- struck a deal to buy U.S. long distance telephone carrier LCI International Inc (LCI - news) for $4.4 billion in stock.
That deal would create the fourth largest long distance phone company in the United States.
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