This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Qwest Keeps to Old Playbook

After a four-month strategic review, Qwest (Q - Get Report) CEO Ed Mueller unveiled his grand plan for the Denver telco: He's sticking with the old plan.

Qwest will continue to work with partners like Sprint (S) in wireless and DirecTV (DTV - Get Report) in video. The company will also hold with its AT&T (T - Get Report) inspired fiber-to-the-node network expansion plan that relies on DSL for home connections, Mueller told analysts on a conference call Monday.

Mueller did not share any financial outlook, saving that big announcement for the Feb. 25 analysts' day event in New York. But he did project capital spending would be $1.8 billion next year. That is slightly more than the $1.7 billion Qwest expected to spend in 2007.

Mueller took over the top job when Dick Notebaert left the company in August. While Mueller was not expected to make dramatic changes to the company, his silence frustrated analysts and investors during an October earnings call. Mueller refused to answer questions or offer any hints as to Qwest's business plan or financial guidance.

In a Nov. 27 interview with The Denver Post, Mueller explained that the drawn out strategic review process wasn't necessarily an indication that there were dramatic changes afoot. "We're just taking the whole company and looking at every part of it," Mueller said. "A lot of it is just getting me up to speed."

On Thursday, Qwest revived its dividend plan that had been halted since the 2002 telecom collapse. Qwest says it will start paying a quarterly 8 cent-a-share dividend in February.

Qwest shares were unchanged at $7.01.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
DTV $93.55 1.48%
Q $70.67 -0.93%
S $4.42 4.00%
T $33.43 2.42%
VZ $44.00 2.71%


Chart of I:DJI
DOW 16,776.43 +304.06 1.85%
S&P 500 1,987.05 +35.69 1.83%
NASDAQ 4,781.2640 +73.4890 1.56%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs