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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Clint E. who wrote (18832)	12/14/1998 11:03:00 AM
From: mattie	Read Replies (1) \| Respond to of 69810

QWST - Looking good. If anyone is looking for a long, QWST looks about ready to break out. The news today: Microsoft invests 200mill in qwst. Here is the story. Dow Jones Newswires -- December 14, 1998 Microsoft Invests $200M In Qwest Commun At $45 A Share REDMOND, Wash. (Dow Jones)--Microsoft Corp. (MSFT) agreed to invest $200 million in Qwest Communications International Inc. (QWEST) at $45 a share as part of a strategic relationship to provide Internet-based broadband services. In a press release Monday, Microsoft said it will license a range of its software to Qwest, which will offer service based on the Windows NT Server. Qwest expects the new service to generate about $150 million in revenues during the first two years, most of it in 2000. Beginning in the second quarter of 1999, Qwest will offer businesses a complete, single-source high-speed service that is scalable and secure. Qwest said its high-speed network will also support the development, integration and maintenance of hosting services, including electronic commerce, Web application hosting, streaming media, managed software services and virtual private networking built on Microsoft platforms. Qwest said that by working with Microsoft and its distribution channels, it believes it will be able to accelerate by as much as 12 months its plans for the Web-based applications. Qwest will create a new business unit to focus on the new markets in January. Qwest expects earnings before income taxes plus depreciation and amortization for the new business to be "slightly negative" in 1999 and "slightly positive" in 2000, and capital expenditures to total about $150 million in the first two years. Qwest's Nasdaq-traded shares closed Friday at 43 11/16.