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

To: KAF who wrote (4695)	7/25/1999 10:17:00 PM
From: June	Respond to of 6846

Denver Post version of the deal making. denverpost.com

To: KAF who wrote (4695)	7/25/1999 10:19:00 PM
From: RTev	Read Replies (2) \| Respond to of 6846

Excellent article in the grand NY Times tradition. It paints a fascinating picture of the deal-making. The sidebar to the story (a 7/20 story on the deal) also fills in some of the gaps with even more on the personalities, including this wonderful description of Anschutz: Anschutz has come to resemble dark matter, that elusive cosmic substance that cannot be seen directly but which can be detected by its intense gravitational effects. Anschutz works hard to avoid the public eye, but it was he, as the largest shareholder in Qwest, who negotiated the side deal between Qwest and Global Crossing that made the weekend agreements possible. Both articles give more information with the part of the deal that strikes me as most troublesome: the position of Trujillo and USW management in the new company. Nacchio would still be chief executive. But to make that palatable, Trujillo would have the authority to present his own ideas to the board, even if Nacchio disagreed. Trujillo would be named president of the local and wireless business. And top jobs at the combined entity would be divided equally between executives from the two companies. The problem is that -- although they've made impressive moves in areas like DSL and PCS -- US West management has been unable to fix what seems to be a disfunctional corporate culture at US West. With so much power in the new QWST, one wonders if the USW crew won't transfer all those problems to the new company.