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

To: Bill Fortier who wrote (1628)	6/26/1998 12:45:00 PM
From: SJS	Respond to of 6846

additional comments: Separately, JP Morgan initiating coverage of much-talked-about takeover play Qwest Communications (QWST) with a "buy" rating. QWST uses Internet technology to bypass access fees paid to Baby Bells. I didn't know we were in play.......so to speak.

To: Bill Fortier who wrote (1628)	6/26/1998 12:45:00 PM
From: professor	Read Replies (2) \| Respond to of 6846

JP Morgan has initiated coverage of Qwest with a Buy rating. They have a target of $40 by year end. They say the stock itrading at only 14 times 1999 EBITDA which is reasonable becuase they have a 32% EBITDA growth rate for several years. Qwest will have an estimated $2.2 billion revenues in 1998 which represents 2% of the l.d. US market. They forecast that revenues will grow an avg of 20% per year through 2002, exceed industry growth of 6-8%. This is great news. Let's watch the stock appreciate some more!