AUSWR
The Association of U S West Retirees
 

 

 

Qwest crowned revenue king again
By Jeff Smith
Rocky Mountain News
Friday, April 14, 2006

Qwest Communications topped the chart again in revenues in 2005, posting $13.9 billion in sales.  And even better, sales were up for the first time in years -- albeit by a slim $100 million over the $13.8 billion in 2004.

Qwest Chief Executive Richard Notebaert has been emphasizing stable revenues, additional sales opportunities and even the possibility of resuming a stockholder dividend as Qwest forges ahead as a stand-alone telephone company in wake of continued industry consolidation and tries to make itself more attractive to possible suitors.

Wall Street has responded.  Investors bid up the stock 27.3 percent to $5.65 in 2005, and Qwest shares recently have been hovering around the $7 mark.

The company has been doing more with less, as jobs continued their descent to 39,000 at year-end 2005, down about 2,000 from a year ago.  That shrinkage caused Qwest to lose its ranking as the top employer for the first time since the Colorado 50 began four years ago.

http://www.rockymountainnews.com/drmn/other_business/article/0,2777,DRMN_23916_4622325,00.html