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

To: Esway who wrote (5178)	10/5/1999 12:18:00 AM
From: A. Edwards	Read Replies (1) \| Respond to of 6846

Sprint Accepts MCI WorldCom Buyout, Rejects BellSouth Westwood, Kansas, October 4 (Bloomberg) -- MCI WorldCom Inc. beat a $72 billion bid from BellSouth Corp. to acquire Sprint Corp., giving it a wireless phone network that spans the U.S. and will help the company compete with AT&T Corp. and other rivals. ''BellSouth is still a bridesmaid,'' said Tom Burnett, president of Merger Insight, which tracks mergers and acquisitions. ''It's a great company with very solid management. But they aren't a mover and a shaker and not a big influence on the industry.'' The BellSouth offer ''smacks of desperation and getting to the station and seeing the train pull out,'' Burnett said. ''That will bother people. It implies management was slow to realize where the market was heading. It makes holders fell BellSouth will try something else -- some late stage gamble here.'' The chance of QWST being acquired is, therefore, risen.