Qwest Informative - Qwest Survival - Qwest Phone Service
DENVER, COLORADO -- I read with interest the Bloomberg News article in the 12/5 edition of the Denver Post concerning Qwest. Their CFO was in New York Thursday trying to explain their slumping stock price. He seemed to indicate if the stock price were higher it would solve all their problems. I've got a news flash! Qwest will not be with us in 10 years. Most likely they will merge with some other ugly company and consume themselves out of existence. It's no secrete the world is rapidly moving to wireless and wired disconnects from all wired phones are accelerating. Qwest has replaced some revenue with Internet access (DSL) and forming partnerships with satellite providers and others. That game is in the 9th innings. As an indication of their stressed circumstances they issued a news release that stated their executives will be asked to accept a pay cut! They deserve a pay cut but it's rare in Big Business to have it announced.
I've noticed they've resorted to sleazy business practices as their phone business has imploded which will only hasten the timeline until they self-destruct. Consumers will need to keep a sharp eye on their bills or separate themselves completely from the company as they fight for survival. I would suggest that users of their services not commit to long term agreements or joint billing arrangements as they become increasingly desperate. The incidences of Slamming and Cramming being reported are increasing and can be expected to get much worse.