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.