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To: Augustus Gloop who wrote (5700)	6/26/2002 8:41:36 AM
From: Augustus Gloop	Respond to of 17639

SEC gets tough on Qwest accounting Fiber optic capacity “swaps” under investigation By Deborah Solomon and Susan Pulliam THE WALL STREET JOURNAL June 26 — The Securities and Exchange Commission is taking a tough stance on how Qwest Communications International Inc. accounted for as much as $1.4 billion in sales of fiber-optic capacity and whether it was proper for the company to recognize the revenue right away, people close to the investigation said. msnbc.com