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

To: Allen champ who wrote (4084)	6/15/1999 12:15:00 PM
From: MangoBoy	Respond to of 6846

if QWST acquires USW they will get USW's expected 9.5% stake in GBLX.

To: Allen champ who wrote (4084)	6/15/1999 3:55:00 PM
From: SecularBull	Read Replies (1) \| Respond to of 6846

The Qwest for an Answer "The range and depth of the conspiracy theories abroad in the land never cease to amaze me. I got a few emails from TSC readers, and a couple of calls from otherwise sober friends in the business, regarding my column Monday on the offer by Qwest (QWST:Nasdaq) (which I am long) to buy U S West (USW:NYSE) and Frontier (FRO:NYSE) -- all asking if I knew that the earlier Global Crossing (GBLX:Nasdaq) offer last week for the two companies was actually a carefully engineered ploy by U S West Chairman Solomon Trujillo. They say Trujillo prevailed upon his friend Bob Annunziata, CEO of Global Crossing, to make the phony offer as a way to goad Qwest into bumping up the price on the hostile acquisition bid Trujillo "knew" was coming soon from Qwest. I'm as skeptical as anyone about the motives and maneuvers of corporate America. But that's one I just can't swallow. To suggest that Annunziata would put his team -- Global's workforce, its investment bankers, its holders and its rep on the Street -- through a phony acquisition offer, especially one as certain to run into ridicule and hostility as was this one, to deliver a favor to a friend is simply nuts. Several of the letters assured me that Annunziata's willingness to go along grew out of his longtime grudge against his fellow former AT&T (T:NYSE) exec, Qwest CEO Joe Nacchio. (I'm long AT&T.) There may have been lots of wrong reasons for both the Global Crossing and Qwest offers. But a Global Crossing feint to trick Nacchio is truly beyond the pale. Where do people get this stuff? Was it fostered by Nacchio's dissing of Global Crossing last week? Did this start on the message boards? In a bar in Denver? Beats me." -Jim Cramer, TS.Com