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


To: Pat Hughes who wrote (5126)9/29/1999 7:39:00 AM
From: Techplayer  Read Replies (1) | Respond to of 6846
 
Pat, In todays PR's,

September 29, 1999 05:05 AM Eastern Time
DENVER, Sept 29 (Reuters) - Internet communications company Qwest Communications International Inc. QWST on Wednesday said it agreed to host computer maker Hewlett-Packard Co.'s HWP ambitious Internet software push in a three-year deal that could generate up to $1.5 billion in revenue for Qwest.

In a joint statement, the companies said they would offer Web-based business software application delivery services that store data for large corporate customers in Qwest network data centres, in a bid to assure rapid software response times.

These facilities are directly connected to Qwest's high-capacity telecommunications network backbone, giving customers direct, high-speed access to their information.

For its part of the deal, Qwest, headquartered in Denver, said it expected to provide about $200 million in revenue to Qwest in the first year and up to $1.5 billion in revenue over the three-year term of the agreement.

Separately, Qwest said it had begun a major expansion of its CyberCenter operations -- the company's network of data centres -- that will add seven new centres by the end of 2000 to meet the growing customer demand for its software hosting, electronic commerce and Web-hosting services.

The Qwest data centres will rely on Hewlett-Packard's SureStore E line of data storage hardware and software management equipment, the two companies said.

REUTERS

His remarks are usually based on his putting money in another camp. Maybe he has not covered a short position yet. Brian



To: Pat Hughes who wrote (5126)9/29/1999 8:51:00 AM
From: Scotsman  Respond to of 6846
 
You have to remember one thing about Cramer, he is a trader,not an investor. He thinks short term usually. Also I think he has become more of PT Barnum than Peter Lynch.



To: Pat Hughes who wrote (5126)9/29/1999 11:10:00 AM
From: Bindusagar Reddy  Read Replies (3) | Respond to of 6846
 
Pat, I agree. Cramer=bonehead short term speculator. He was fired by CNBC for his bonehead analysis. He has done a favor by getting out of QWEST. Just one man's opinion. He is no more than a small player in a huge market. He doesn't understand the future. He wants to hold a air bubbles like AOL with a dinosaur business model. Internet accesss will be free in future, just as television is today. Profits will be cannibalized for bubbles like AOL. Cramer is not even worth talking about. Street.com is the gas bubble with worthless articles.
BR



To: Pat Hughes who wrote (5126)9/29/1999 8:24:00 PM
From: Ausdauer  Respond to of 6846
 
Pat and Thread,

I am not a current QWEST shareholder, but wanted to share this.

I live less than 18,000 feet from a major distribution node for USWest.

I ordered a 256 kbs phone service from USWest today. It will allow me to use my phone while surfing on the Internet simultaneously. USWest is my local/local long distance provider. I don't have a cell phone for personal use yet, but they would be my first choice if the pricing were competitive.

I like the fact that a local company is providing all of my telephony needs. In our area the cable provider is not offering cable modems.

I am paying $19.95 per month for the service in addition to $14.95 for a monthly ISP contract. My only other monthly tech expenditures are a limited account with Mindspring as they have local phone access for Win CE devices across the US. I pay less than $10.00 a month for that plan.

Soon I expect my long distance bill to be a minor contributor to my monthly expenses. Long distance seems trivial now. In fact, e-mail and web hosting keeps us in much closer contact with loved ones for the time being. I am not saying we don't make phone calls, but at $0.05/min on weekends it is a no-brainer. Also, I would be willing to try internet telephony when it becomes available. I suspect this will be free at some point in the near future.

I was turned on to QWST because of the intended merger. I also read a story recently about its founder and it seems like he has the Midas touch. Not saying that his luck won't run out at some point, but the guy is good. And you need someone like that at the helm.

I may take a position in QWEST soon. It has been my experience that my consumer needs and expenditures (strictly from a consumer perspective) are fairly good indicators of general market trends. When I became an AOL subscriber in early 1997 the stock was trading at less than $10 split adjusted. My father (72 y.o.) had AOL nearly a year before I did.

I will be cancelling my AOL subscription after this October.

Ausdauer
(Just an average consumer and a novice investor)