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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| November 01, 2001 | COPYRIGHT 2001 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TELECOM

Qwest posts Q3 loss, sales flat

The telecom lost 8 cents vs. a 14-cent profit a year ago. Analysts expected a 3-cent profit. Qwest's sales were $4.77 bil, down 12% from Q2 and missing views. It warned on Q4 sales, blaming the weak economy for hurting sales of capacity on its high-speed optical network. Its shares fell 3.05, or 19%, to a three-year low of 12.95.

7-Eleven will let customers pay phone bills and order Verizon long distance and other services at Web kiosks.

Commonwealth Telecom raised its Q4 goal to 44-46 cents from 32-34 cents. It earned 9 cents in Q4 '00. Its shares rose 1.33 to 42.83.

British Telecom seeks new boss

BT CEO Peter Bonfield will resign in Jan., a year early. The former U.K. monopoly will spin off its mobile unit soon and faces regulatory pressures and stiffer competition for lucrative business clients. BT didn't name a successor, a sign it may seek an outsider, sources said.

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