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

To: SJS who wrote (6379)	7/5/2000 5:53:57 PM
From: hchao2000	Read Replies (2) \| Respond to of 6846

Q in the news. What drivng the stock price up? Is it rumor news w/DT, the "deal" that will soon boost Qwest profits, or Q being added in the SP500. I find it diffucult to believe that the stock movement is SP500 index related (however 70 million shares helps that theory). (I'm not expert, but most people know that SP500 additions are normally temporary pops, and historic data suggust it is cheaper to wait 5 trading day after the new company is added to the index). Obviously in this case, everyone knew that Q was going to be added to the SP500.. (I even ask when the news is going to break on a previous post #6333 6/24/2000). Long on Q since 1998. (I wish I purchased Q seven month earlier... on/near its IPO). HC Here the some of the (partial) acticle on Qwest. For the full acticle, go to the link that I provided. cbs.marketwatch.com In the phone sector, Qwest Communications (Q: news, msgs) rose 6 to 57 3/4 on the heels of the completion of its acquisition of US West, the Denver-based local phone carrier. Chief Executive Joe Nacchio said Wednesday that the deal will soon boost Qwest profits. Qwest also benefited from renewed speculation that Deutsche Telekom (DT: news, msgs) may make another acquisition offer. biz.yahoo.com Another possibility for Telekom is Denver-based Qwest, which last week completed its acquisition of U S West. Qwest chairman and chief executive Joseph Nacchio declined to comment on the speculation, most recently raised by a Wall Street Journal article Wednesday. Nacchio suggested, however, that the industry will continue to consolidate into a few ``global multinationals.'' '' At some period of time we'll probably do something else and at some period of time somebody else may do something with us,'' Nacchio said at a Denver press conference. ``We'll run the business as we know it, achieve the synergy, keep our eyes focused and see how this market develops.'' biz.yahoo.com Deutsche Telekom is also unlikely to make any major moves until mid-July, when the ``quiet period'' following its recent share offering expires, a source familiar with the situation said. Qwest on Wednesday remained coy about any potential deal with Deustche Telekom. ``This industry will continue to consolidate. Whether we're in somebody's plans or not, I just can't comment,'' Qwest Chairman Joe Nacchio told cable television network CNBC. ``I think we're in a great position where we could go either way (either being a target or an acquirer),'' Nacchio said. Deutsche Telekom ended merger talks with Qwest earlier this year after Qwest's existing merger partner, U S West Inc., objected. BellSouth, meanwhile, will remain on the sidelines until it sees whether deep-pocketed Deutsche Telekom will pursue Sprint or Qwest, sources familiar with the situation said. ``BellSouth is waiting to see what Deutsche Telekom does -- they are the 500-pound gorilla and it's not worth getting into a bidding war with them,'' one source said. A potential purchase of Sprint by BellSouth has its drawbacks. BellSouth would likely be forced to divest its wireless telephone properties and its national wireless network if it bought Sprint, sources said. Qwest also is less attractive to BellSouth because of Qwest's recent acquisition of U S West Inc., sources said. BellSouth owns a minority stake in Qwest.

To: SJS who wrote (6379)	7/5/2000 7:09:21 PM
From: Gary Mohilner	Read Replies (2) \| Respond to of 6846

The funds that hold S&P 500 Stocks will have 1.7+ shares of Qwest for every share they hold of US West. I think that now that the partnerships finalized it's recognized we're a stronger company, and we're in play. Some time ago I indicated a merger with BLS could be in the cards, and I still like that possibility. If Deutch wants to get into the act, all the better. It would not surprise me if the name of the company in such a merger was Qwest. Gary