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

To: zebraspot who wrote (3343)	4/9/1999 5:27:00 PM
From: MangoBoy	Respond to of 6846

George is wrong.

To: zebraspot who wrote (3343)	4/9/1999 5:31:00 PM
From: MangoBoy	Read Replies (1) \| Respond to of 6846

[Williams Communications files for $750 mln IPO] WASHINGTON, April 9 (Reuters) - Williams Communications Group Inc., which owns a nationwide fiber optic network that provides voice, data, Internet and video services, filed Friday with regulators for an initial public offering. The Tulsa, Okla.-based company plans to offer $750 million worth of common stock. It did not disclose the number of shares or provide an estimated price range for them in its filing with the Securities and Exchange Commission. But it has applied to list the stock on the New York Stock Exchange under the symbol (NYSE:WCG), the filing said. The underwriters for the offering are Salomon Smith Barney, a unit of Citigroup Inc., Lehman Bros. and Merrill Lynch. Concurrently with the IPO, Williams is also offering an undisclosed amount of senior notes due 2009. The company said it will not sell the common stock unless it also sells the notes. SBC Communications Inc. (NYSE:SBC), one of the largest communications providers in the country with 1998 revenues of $28.8 billion, will invest up to $500 million in the company in exchange for common shares at the initial public offering price, the filing said. Net proceeds from the equity and notes offerings and the SBC investment will be used to develop the company's network, fund operating losses and repay portions of debt as well as for working capital and general corporate purposes, Williams Communications, a unit of Williams Cos. Inc. (NYSE:WMB), said. Williams Communications said it plans extend its network to encompass 32,000 route miles of fiber optic cable to connect 125 cities by the end of 2000. The network currently consists of 20,000 route miles of cable, with 17,300 miles in operation, or "lit," the filing said. Williams Cos., which transports, sells and gathers natural gas, will continue to be the company's controlling stockholder and will beneficially own 100 percent of the outstanding class B common stock, the filing said. Williams Cos. closed trading Friday up $1 to $42-5/16 on the New York Stock Exchange.

To: zebraspot who wrote (3343)	4/9/1999 5:32:00 PM
From: Craig A	Read Replies (1) \| Respond to of 6846

Counterpoint. The Pure Fundamentalist added more shares to their Aggressive LION Portfolio. They also love GBLX. Ranked#1 by Hulbert. They also include INKT up 27 point today. I'm sticking with these guys.