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

To: Elmer Flugum who wrote (2815)2/1/1999 4:21:00 PM
From: Craig Wilson  Read Replies (1) | Respond to of 6846
 
Len-

I have no idea how much Anschutz has reduced his stake. I saw mention of it in the latest WIRED Magazine in their portfolio section. I do not see cause for alarm as QWST seems to be rolling out their business plan just fine.

Craig Wilson



To: Elmer Flugum who wrote (2815)2/1/1999 4:57:00 PM
From: silverstein  Respond to of 6846
 
Qwest bought LCI. LCI had a larger capitalization than Qwest.
This implies that Anschutz's initial holdings of 85% would be
reduced accordingly.

Seth Silverstein



To: Elmer Flugum who wrote (2815)2/1/1999 5:20:00 PM
From: Gary Mohilner  Read Replies (1) | Respond to of 6846
 
The referenced site a few messages ago explains what Anchutz has done.

His position is not actually reduced at all, but by putting some of it into a trust, he allows the company a much greater freedom to conduct business. Wired should know that, it sounds like they're using it as an excuse, but I can't figure out why.

It's great to see the stock move up to levels that are higher then it was at when the latest analyst downgraded it.

Gary


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