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


To: Nick who wrote (2018)7/31/1998 11:52:00 AM
From: David Harker  Read Replies (1) | Respond to of 6846
 
A little info on Anschutz, who owns 57.xxx% of QWST...

from Forbes magazine web site, an article on the "top 10"
Billionaires - those who are active in guiding new, groundbreaking
businesses, vs. just collecting dividends (the #1 was Bill Gates):

Notice that his stake in QWST is worth 6.6 Billion, 75% of his
net worth...

forbes.com

3. PHILIP F. ANSCHUTZ
U.S. Age 58.
Net worth: $8.8 billion
The man: Native Kansan. Shuns publicity, photos.
The empire: Oil and gas, real estate, railroads, sports,
and lately, high tech.
The year: Broke ground on $300 million sports arena
in Los Angeles for Lakers (basketball) and Kings
(hockey) teams.
Good call: Spent $55 million laying fiber-optic network
along his rail lines. Took company public as Qwest
Communications last June. Stake now worth
$6.6 billion.
New venture: Qwest just agreed to buy long distance
provider LCI International for $4.4 billion, making it
the fourth-largest long distance company in the U.S.