The Unravelling Of Qwest

from the how-quickly-they-fall dept

Fortune has an interesting article about the bad position Qwest is in. If you had read about them a few years all you heard were crazy stories about CEO Joe Nacchio, and his... unusual style of managing (the best story I heard was how he called up a US West exec moments after the Qwest-US West merger was completed and told him he had something like 15 minutes to change the US West signs on their building to say Qwest instead). Nowadays, it seems that Nacchio has been humbled a bit - as the company is in serious debt, has been compared to Enron (but, let's face it, these days, who hasn't?), and had to write down $30 billion (again, these days... who hasn't?). Now, most analysts feel that Qwest needs to sell off all of its pieces. It's not doing much good as a standalone company.

Add Your Comment

Have a Techdirt Account? Sign in now. Want one? Register here
Get Techdirt’s Daily Email
Save me a cookie
  • Note: A CRLF will be replaced by a break tag (<br>), all other allowable HTML will remain intact
  • Allowed HTML Tags: <b> <i> <a> <em> <br> <strong> <blockquote> <hr> <tt>
Follow Techdirt
Essential Reading
Techdirt Deals
Techdirt Insider Chat
Techdirt Reading List
Recent Stories
Support Techdirt - Get Great Stuff!


Email This

This feature is only available to registered users. Register or sign in to use it.