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Archive Home > 2002 > June > 27 > Wall Street pans Qwest's future

Wall Street pans Qwest's future

WorldCom debacle sends shares fro biggest Oregon carrier plummeting

By Kevin Max / The Bulletin
June 27, 2002

The day after federal regulators tapped WorldCom on its shoulder, Qwest ducked and covered. Shares of Qwest (NYSE:Q), Oregon's largest telephone carrier, fell 57% to $1.79, as investors scrambled to sell their holdings in the beleaguered telecom company.

The Securities Exchange Commission (SEC)....

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