Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Qwest Communications (Q) (formerly QWST) -- Ignore unavailable to you. Want to Upgrade?

To: Brian Malloy who wrote (3932)	6/9/1999 11:11:00 AM
From: Roger Hess	Read Replies (2) \| Respond to of 6846

Let's go over this thing one more time: Nacchio and some of the other honchos at Qwest came over from the telcos, where things were being done the way they've always been done. That's why they came to Qwest - to do things differently and do it a better way. Data over voice vs. voice over data. Anschutz, a billionaire, still holds $40+%(?) of Qwest. There's been a nice runup on the stock since it went public. Its split a time or two. (and we're not even very profitable, yet!) The network is on the verge of completion, sometime this summer. The company had incurred a lot of costs due to the construction of the network. Now, once it's complete, the construction costs will go way down, and we'll get a chance to see some nice profits for once. Due to the relatively cheap costs of construction, we can show a profit at .02/minute, which the telcos can't come close to matching, unless, of course, they lease our lines. This will be the first network of its kind completed, a year or two ahead of the competition. Qwest is setting up fiber in some of the larger cities, getting closer to the home, and for sure closer to businesses. I believe they recently reached some sort of an agreement with a wireless company, which could be a way of circumventing the last mile. Now, why in the world would these guys bring this company to this point, then turn around and let themselves be bought out? They would have new bosses, who would be their old bosses. I believe this company has tremendous upside potential. If a telco offered $35 billion, I wouldn't vote for it. Now, if a telco offered say, $350 billion....