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

To: Roger Hess who wrote (5197)	10/5/1999 6:15:00 PM
From: Curtis E. Bemis	Respond to of 6846

The arbs are into QWST-- marketwatch.newsalert.com

To: Roger Hess who wrote (5197)	10/5/1999 7:55:00 PM
From: RTev	Respond to of 6846

Qwest is taking over US West, not the other way around Not really. It's a merger. Although the Nacchio stays in charge and the name stays as Qwest, the board will be equally divided among QWST and USW appointees. (Nacchio's joke in the summer was the US West gets to keep the last four letters in its name while Qwest keeps only the first letter.) Trujillo shares the Chairman title with Nacchio and Anschutz. The headquarters moves down the street to the US West building. I'm not sure if it matters to the FCC, but the merger document states that US West is actually considered the acquirer for accounting purposes: "Under this method of accounting, the assets and liabilities of US West will be brought forward at their book values, a new basis will be established for Qwest's assets and liabilities.... The pre-merger historical results of operations and financial condition of the combined company will represent those of US West." So there would appear to be little difference from a regulatory point of view if BLS had acquired QWST. The two were, apparently, negotiating just that kind of thing when the USW drama unfolded.