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

To: SJS who wrote (3235)	3/26/1999 8:03:00 AM
From: musea	Read Replies (1) \| Respond to of 6846

Steve, Do you recall the premium Diller did offer? Interesting. I did not follow the whole episode closely, although it seems I should have. But I'm not convinced that share price ought to be ignored, especially if the share appreciation rate is good. The shareholders of a company whose stock price prospects are exceptionally good will continue to demand a premium, or they ought to, IMHO! :-) The value of a company ought to have the same meaning as ever, that is, something akin to the discounted value of its future earnings. With internet-related companies, the value of a franchise is incalculable at present, so people seem content to pay whatever the going rate is for potential internet "gorillas." Does this reflect the true value? Diller seems to say "No." The shareholders (the shareholder?) seem to disagree. Good points. -musea