Comment Re:Hmm (Score 1) 61
Usually, when a company announces a bid to buy another company, their stock will drop. Then, once the bid is approved, their stock shoots back up. Also, the stock of the company being bid on usually goes up considerably. I work for Ascend Communications who recently got bought by Lucent for $20+ billion and that's how things worked out with our deal. Anyway, just about all the tech stocks took a big dive today so I'm sure some of the drop was due to the overall market and not just the bid for US West and Frontier.
> At any rate, in a purely financial sense, is it worth putting some money into Qwest at this point?
It looks like Qwest is planning something big here (I'd hope so since they're ready to shell out $55B), so I'd be willing to bet their stock will jump up pretty soon. With all the fiber they've been putting in the ground I'd keep my eye on Qwest in the hope that we'll all be getting some nice high-speed access soon!
> At any rate, in a purely financial sense, is it worth putting some money into Qwest at this point?
It looks like Qwest is planning something big here (I'd hope so since they're ready to shell out $55B), so I'd be willing to bet their stock will jump up pretty soon. With all the fiber they've been putting in the ground I'd keep my eye on Qwest in the hope that we'll all be getting some nice high-speed access soon!
