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

To: Tweaker who wrote (2068)	8/21/1998 9:38:00 AM
From: Ray Martin	Read Replies (1) \| Respond to of 6846

QWST mentioned in this article. Emerging companies such as QWST are credited as a growing threat to WCOM Dresdner Klenwort Benson said it downgraded the combined MCI WorldCom to hold from add. -- MCI Communications Corp. MCIC and WorldCom Inc. WCOM agreed to merge in a $37 billion deal. The merger has not yet closed but some financial analysts have started issuing research reports tracking the proposed combined company. -- Dresdner Klenwort Benson said it downgraded the combined company due to the run up in WorldCom's share price over the past two weeks. Said WorldCom's stock now is within 4 percent of Dresdner's year-end price target of $56 a share. -- said synergies from the combined company will create "an extraordinary growth engince." Said revenues should accelerate at an annual rate of 14 percent 1998 to 2002, with earnings per share growth of 93 percent over the same period. -- said WorldCom's leads the major long distance companies in the ratio of data sales to total sales. -- said the high growth areas that helped build WorldCom, such as Internet and international businesses, are now threatened by emerging competition from carriers such as Level 3 Communications Inc. LVLT , Qwest Communications International Inc. QWST and Williams Cos. WMB -- said MCI WorldCom lacks global reach that AT&T Corp. T and Sprint Corp. FON have through their international partnerships. WorldCom also lacks a facilities-based wireless service. -- said MCI WorldCom faces challenge of having to integrate their two networks. -- Shares of WorldCom lost 3/16 to 53-13/16. MCI lost 1/8 to 65-9/16. (( Jessica Hall, New York newsroom 212-859-1729)) REUTERS