Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: ahhaha who wrote (5181)	10/5/1999 7:55:00 AM
From: Sean Salisbury	Respond to of 6846

All, We are at 33 x 34 3/4 on Instinet. This is at 8:00AM Eastern. It could be a great day today for Qwest. They were mentioned many times on Bloomberg as the next company to be acquired, and probably by BellSouth as mentioned in this thread.

To: ahhaha who wrote (5181)	10/5/1999 10:01:00 AM
From: Bura	Read Replies (2) \| Respond to of 6846

>>You're getting impatient just when it's time to be patient. It has to look bad to correct down to where it has. If it is bad, no one will tender. If it isn't, given the stock has substantially corrected, the company looks more attractive for bid. You'll make more over the long run if there is no bid made. QWST is well-positioned to become one of the BB majors regardless of management or any other factor. That's your ace in the hole: manifest destiny. I don't have the same confidence in the synergies of the deal. I basically own shares that are going to be 60% USW/40% QWST, with USW at a premium, QWST at a discount. QWST sold out the other 60% of its shareholders to monetize Mr. A's 39% stake. There's no justification for issuing over 100% additional Qwest shares, as well as throwing on up to 20 billion extra debt (and 10 bln existing) for an old RBOC. This is a power grab, pure and simple. Qwest wants to be a supercarrier and preserve its mgmt at any cost. If it felt so strongly about the merger with an RBOC, it should made it a merger of equals (a la Bell Atlantic/Nynex deal in 96) with USW, or allowed itself to be taken over by BellSouth in May 99.