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

To: Wally Mastroly who wrote (4307)	6/23/1999 10:27:00 AM
From: David Perfette	Read Replies (1) \| Respond to of 6846

The company also guaranteed to raise its offers to offset any decline in its stock down to a price of $30.50 a share. In recent trading, Qwest fell 2 9/16 to 32 3/4, above the price "collar." Does this mean if the price goes south of $30.50, the deal is dead. I hope? -David

To: Wally Mastroly who wrote (4307)	6/23/1999 10:55:00 AM
From: silverstein	Read Replies (3) \| Respond to of 6846

In the last two months Nacchio sold over $50M in stock at prices all over $45/share. He made the comment on his CNBC interview last week that this selling was due to his scheduled exercising of options. I sure wish I had his insider knowledge -- I would have loved to have sold some of my shares at those levels. I am not accusing him of fraud, but his actions have to be considered somewhat suspect. Undoubtedly, the class action legal sharks will be attracted by all the Qwest stockholder blood that has been spilled in the last two weeks. Personally, I despise the element of the legal profession that file all these class action suits. Even though I am disgusted with Qwest's management, I wouldn't lower myself participate. My only remaining hope to sell this stock at a decent price in the near term is that this offer will also be turned down. SDS