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Non-Tech : Invest / LTD -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (8953)	6/14/1999 3:53:00 PM
From: SJS	Respond to of 14427

It gets back to what you believe is the foundation for your purchase. I bought QWST 2 years ago as the telecom company for the future. My fundamental opinion is very shaken by the reaction I am seeing regarding the disdain for this deal. That makes me wonder about if there is something larger going on, and if management truly has BOTH ST and LT views correct. Here's an interesting piece: One More in an Era of Travesties By James J. Cramer 6/14/99 10:04 AM ET Let's be really cynical for a second. BellSouth (BLS:NYSE) was going to buy Qwest (QWST:Nasdaq) last week. That boosted Qwest's stock considerably. So considerably, in fact, that the honchos behind Qwest have decided to savage shareholders with an awesomely dilutive hostile acquisition using the newly boosted stock price. Who thinks of these things? Who comes up with these ideas? I know the answer: People who think their stock is too high. You don't go printing millions upon millions of your shares and debasing your currency unless you believe the suckers -- oops, sorry, the shareholders -- don't know anything and can be sacrificed. This bit of cynical investment banking is another shot at those who are trying to own high-growth companies. If the interest rates don't shake you out and the volatility (read decline) doesn't shake you out, you can bet management will. Another travesty in an era of travesties....