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Technology Stocks : Global Crossing - GX (formerly GBLX) -- Ignore unavailable to you. Want to Upgrade?


To: Theophile who wrote (11336)5/17/2001 10:37:50 PM
From: TechMkt  Read Replies (2) | Respond to of 15615
 
Nachos is slowly bailing out of his Q stock!!!

I believe Winnick has not sold any. Very telling.

Fez
_______________________________
May 17, 2001

QWEST COMMUNICATIONS INTERNATIONAL INC (Q)
form 8-K

ITEM 5. OTHER EVENTS

On May 16, 2001, Joseph P. Nacchio, chairman and chief executive officer of Qwest Communications International Inc. ("Qwest"), entered into a planned and structured daily stock sales program for Mr. Nacchio to sell stock that will be issued upon the exercise of approximately 4.7 million options that he was granted in June 1997. These options must be exercised by June 30, 2003. Mr. Nacchio has an additional 14 million stock options and 471,000 Qwest shares that are not included in the program.

This Current Report on Form 8-K includes a description of Mr. Nacchio's present intent as reported to Qwest, for which Qwest assumes no responsibility. Qwest undertakes no obligation to release publicly any change in Mr. Nacchio's intent as may be reflected in a modification or termination of his plan after the date hereof or otherwise.



To: Theophile who wrote (11336)5/18/2001 12:55:16 AM
From: cfoe  Read Replies (2) | Respond to of 15615
 
Thanks, Martin. If I understand what you wrote, the IRUs are sort of a right to band-width at or based on the then going rate for fibre. Kind of gives the buyer assurance they will have capacity available to them. It seems that additional services provided by GX to these customers at the time of use bring additional revenues to GX. Am I heading in the right direction?