Dear God, there is justice in the world and the proof is in the downfall of Qwest.
I would give up all my hopes dreams and ambitions if God would only see to it that Qwest gets what they deserve. The story:
DENVER (Reuters) - Local telephone company Qwest Communications International Inc. on Wednesday said it was notified on Tuesday afternoon that the U.S. Attorney's office in Denver began a criminal investigation of the company.
Following the news, Qwest's shares fell 93 cents or 35.6 percent to $1.67 on the New York Stock Exchange.
The company's announcement comes on the heels of a report by the Wall Street Journal last Friday that the U.S. Department of Justice had launched a criminal investigation into Qwest, citing people with knowledge of the situation.
Qwest, the No. 4 U.S. local telephone company, has been under pressure for months as it struggles to cope with a cash crunch under a debt pile of some $26 billion. Credit rating agencies have slashed the company's debt to "junk" status, and the U.S. Securities and Exchange Commission is probing its accounting practices.
Qwest asked employees late last month to take unpaid leave in a move to cut costs. In mid-June, the company ousted Chairman and Chief Executive Joseph Nacchio, seeking to soothe investors and buoy its mauled stock price.
Qwest's disclosure marks the latest announcement from a U.S. company that has come under government scrutiny. Others include WorldCom Group , Enron Corp. , Global Crossing Ltd. and Kmart Corp.
Qwest has been a thorn in the side of Colorado consumers forEVER. A call to Qwest entailed first renewing your anxiety medicine, drinking a few beers, psyching yourself up, and making sure you have a few days worth of supplies handy, to survive the days you will be on the phone with the morons known as Qwest customer service. If you ever did get through, they didn't know how to do what you were asking, their computers were down, or they said they would do it but never did. I personally have had problem after problem with Qwest, but others I know have literally gone through nightmarish situations with these idiots. It is high time they hang their heads in shame and walk away defeated.
It is a bright day indeed when Qwest employees are worried. Fuck you and the horse you rode in on. I'll be the first to throw a handful of dirt on your long awaited grave.
Bitter, table for 2?
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