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Technology Stocks : Qwest Communications (Q) (formerly QWST) -- Ignore unavailable to you. Want to Upgrade?


To: SJS who wrote (1026)3/26/1998 7:17:00 AM
From: Judy  Read Replies (2) | Respond to of 6846
 
QWest acquiring EUNet for 154 million in stock and cash.

On the trail again....

QWST announces this morning the acquisition of internet service provider EUNet for approximately 154 million in cash and stock, to be closed within the next 30 days. This brings in revenues of 75 million/year, immediately accretive. Go QWest! Ride the light! Here's the link:

biz.yahoo.com

Perhaps this was known in Europe yesterday and may have had some impact on the $2 price drop we saw around noon. Just one other possible explanation.

Regards, Judy