Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (12753)	10/30/2002 1:04:09 PM
From: FrozenZ	Read Replies (1) \| Respond to of 30712

It looks like the telecoms are higher across the board on this news from Qwest: "Published Oct. 30, 2002 QWES31 DENVER -- Qwest Communications International Inc. announced today that its loss widened to $214 million in the third quarter as revenue fell 13.2 percent from a year ago. The report came two days after Qwest disclosed plans to restate more than a half-billion dollars in revenue that was prematurely recorded and estimated it would write down the value of its assets by at least $35 billion. Revenue for the quarter fell to $3.8 billion from $4.4 billion a year ago."