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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Jerome who wrote (51795)	9/9/2001 10:34:43 PM
From: Gottfried	Respond to of 70976

Jerome, I watch the NSDQ100 and SP 500. The numbers are like basis points. "as of 09/09/01 09:30 pm (cst) for trade date 09/10/01". So the Naz is likely to open slightly down. Gottfried

To: Jerome who wrote (51795)	9/10/2001 9:25:15 AM
From: Jacob Snyder	Respond to of 70976

Monday September 10, 8:45 am Eastern Time Press Release SOURCE: Qwest Communications International Inc. Qwest Communications Updates Financial Guidance DENVER, Sept. 10 /PRNewswire/ -- Qwest Communications International Inc. (NYSE: Q - news), the broadband communications company, today updated its financial guidance for the second half of 2001 and for 2002. The new guidance reflects deteriorating economic conditions both nationally and within the 14 Western states in which Qwest provides local communications services. For 2001, Qwest expects total revenue of approximately $20.5 billion and earnings before interest, taxes, depreciation and amortization (EBITDA) of approximately $8.0 billion. For 2002, Qwest expects revenue growth in the high single digits and EBITDA growth to be slightly better than revenue growth. Qwest also announced further reductions in its capital expenditures for 2001 from approximately $8.8 billion to $8.5 billion. In 2002, Qwest's capital budget will be reduced from approximately $7.5 billion to approximately $5.5 billion. As a result, Qwest expects to be free cash flow positive in the second quarter of 2002, two quarters sooner than previously announced. Qwest expects to reduce its workforce by 4,000 jobs, from 66,000 to 62,000 employees, by the end of the first quarter of 2002. The company also will eliminate 1,000 staff positions while adding 1,000 quota-bearing sales executives in its global business markets unit to increase the focus on national accounts. Qwest expects to achieve this force reduction through attrition and continued business process improvements.