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

To: David Lawrence who wrote (2882)	2/5/1999 8:05:00 AM
From: Nick	Respond to of 6846

Another contract...A contract a day will keep the shorters away! Qwest Signs $42 Million Contract With St. Andrews Telecommunications DENVER--(BUSINESS WIRE)--Feb. 5, 1999--Qwest Communications International Inc. today announced it has been awarded a $42 million, three- year communications services contract from St. Andrews Telecommunications, LLC previously known as Card Services of St. Andrews. Under the agreement, Qwest will provide St. Andrews a comprehensive package of solutions to allow St. Andrews to sell its customers leading-edge data services, DENVER--(BUSINESS WIRE)--Feb. 5, 1999--Qwest Communications International Inc. today announced it has been awarded a $42 million, three- year communications services contract from St. Andrews Telecommunications, LLC previously known as Card Services of St. Andrews. Under the agreement, Qwest will provide St. Andrews a comprehensive package of solutions to allow St. Andrews to sell its customers leading-edge data services, ''Qwest is pleased to begin working with St. Andrews Telecommunications as it continues to be one of the fastest growing providers of communications services in the Midwest,'' said Gregory M. Casey, Qwest's senior vice president of wholesale markets. ''Our reseller applications provide a comprehensive network management tool to allow St. Andrews to focus on customer care and the delivery of advanced communications services.'' ''St. Andrews' customer base in the Kansas and Missouri markets continues to expand, and we are also making significant gains in other markets across the country,'' said John LaRocca, managing partner of St. Andrews. ''Qwest provides us with a network and package of management services that will continue to meet our needs as we grow, so we can provide our customers with the highest quality and reliability in communications services.'' About St. Andrews Telecommunications, LLC Based in Lawrence, Kansas, SAT is a privately owned, fee based, value added reseller. SAT was co-founded by Jim Hershberger and John LaRocca, and will offer a myriad of domestic and international communications services including Internet access.

To: David Lawrence who wrote (2882)	2/5/1999 8:15:00 AM
From: Alejandro	Respond to of 6846

<< I don't think it had anything to do with reallocation or diversification. It had to do with their ability to do pooling of interest mergers, did it not?>> I agree with you. He did not reduce his holdings. Just made it easier to acquire or merged easier from a tax and merging of interests possibility. I do not think it favors either acquiring or being acquired. Just makes it easier for either. ac

To: David Lawrence who wrote (2882)	2/5/1999 8:18:00 AM
From: Phil Jacobson	Respond to of 6846

David, I obviously don't know what the exact motives were. Sometimes two good outcomes occur with the same action. Back last summer I had heard from a colleague at a large investment bank that Anschutz was going to diversify his holdings. Who knows - diversification or to allow pooling of interest - which was the more important reason. I didn't see the info on his putting it into a trust so you could be right on. Don't think it matters much, the company is plowing ahead and doing well. Phil