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To: StanX Long who wrote (61635)	3/7/2002 2:55:54 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Has Qwest hit bottom? 2002-03-07 Is the stock is too cheap to pass up? dbc.marketguide.com by Dave Sterman, equity research columnist In recent quarters, the Baby Bells have been beacons of solidity in the otherwise chaotic world of telecom. Shares of Verizon Communications (VZ), SBC Communications (SBC), and BellSouth (BLS) continue to trade just below their 52-week highs, but beleaguered Qwest Communications (Q) stands out like a sore thumb. Shares of Qwest have fallen sharply, even though the company derives 80 percent of sales from Baby Bell-like local phone service fees. For Qwest, it's the other 20 percent of the business that's the problem. The company's telecom wholesale business, which operates on a costly fiber-optic network, has been a massive money loser, and lenders have come knocking. After falling 75 percent from last May to $10 in early February, shares fell another 30 percent last month as word spread that the company could soon face a cash squeeze. By failing to adhere to covenants established by lenders, it now looks as if Qwest will need to start selling assets and issue a large chunk of new stock, which means existing investors are set to own a smaller piece of a smaller company

To: StanX Long who wrote (61635)	3/7/2002 3:42:56 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Taiwan ban on China chips becomes political football sg.news.yahoo.com TAIPEI, March 6 (Reuters) - While Taiwan cabinet ministers say they are moving toward lifting a ban forbidding local chipmakers from building plants in China, the issue is rapidly becoming a matter of domestic politics. Pulling on one side is the ruling Democratic Progressive Party's closest parliamentary ally, the Taiwan Solidarity Union, which plans to march on Saturday protesting plans to let semiconductor firms go to China. Exerting pressure on the other side are executives of Taiwan's fastest-growing export industry, and Nobel chemistry prize winner Lee Yuan-tseh -- one of Taiwan's most respected public figures and head of its leading academic institution, Academia Sinica. "The goverment's policy is 'effective management and aggressive opening', and the first question should be how to manage effectively and it should not be a political issue," Lee told reporters on Wednesday. "If Taiwan Semiconductor Manufacturing Co <2330.TW> and United Microelectronics Corp <2303.TW> go to China, it is truly a good thing," Lee said, referring to Taiwan's two largest microchip makers.