The IRE Resource Center is a major research library containing more than 23,250 investigative stories — both print and broadcast. These stories are searchable online or by contacting the Resource Center directly (573-882-3364 or rescntr@ire.org) where a researcher can help you pinpoint what you need. Browse or search the tipsheet section of our library below. Stories are not available for download but can be easily ordered by contacting the Resource Center:
Search results for "QWest" ...
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Unmasking Qwest
Faced with a collapsing telecom market, Colorado's largest employer took accounting shortcuts now under investigation by the SEC and DOJ. Already, the new managers of the company have revised more than $1 billion in claimed revenue.
Tags: business; SEC; account management
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"Soft Target Security"
Using hidden cameras, the KIRO Team 7 investigates the vulnerability of telecommunications plants, as well as the largest natural gas plant on the West Coast. While terrorism and security remain huge issues in the nation's capital, reporters were able to walk in without being questioned or asked to show ID. KIRO Team 7 also investigates the a FBI investigation of a criminal who has breached security at these plants several times, severing major wires and disabling lines to 911 dispatchers.
Tags: soft targets; telecommunication security; Qwest Telecommunications; AT&T; MCI
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Split Decisions
"Investment companies owned by Denver billionaire and Qwest founder Phil Anschutz put money into numerous telecommunications companies that sought or did do business with Qwest. Those companies often saw their stock shoot up after initial public offerings on the news that they might get contracts with Qwest, which was known as the 'kingmaker' of telcos in the go-go days. The potential conflict was that Anschutz was making money off companies who were seeking contracts with the company where he was co-chairman of the board."
Tags: None
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Wring Out The Old
Never say never in the telecommunications industry. This is precisely what the young heads of QWest learnt after their manic adrenaline rush while writing off old-school US West employees and boasting of new rapid business models. Westword analyzes the full circle that QWest have come after nearly bullying over telephone company US West and firing their employees. Riding high on the stock wave soon after they took off, the new-age telecom player (QWest) were eaten up by the dotcom bust in the late '90's. Currently they face allegations of all sorts- from SEC filings to unfair pensioners policies and biased executive compensation packages.
Tags: QWest; Aeillo; US West; telecommunications; Nacchio
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Unmasking Qwest: Wired for Trouble
The Denver Post's three part series. "Part 1: The merger of Qwest and U.S. West creates culture shock as deal-driven revenue becomes king. Publicly the picture is rosy but, in private, doubts grow. Part 2: As the telecom industry crashes, Qwest unravels unable to hold off critics and investigators who question the company's accounting. Part 3: A new leader tries to restore credibility, but Qwest remains besieged by federal investigations and unhappy shareholders." Includes a timeline graphic of major events.
Tags: Qwest; U.S. West; telephone; telecommunications; telecom; accounting; federal investigation; mergers; business deals; business; spending; costs; accounting gimmicks; fraudulent accounting; Joe Nacchio
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Qwest's Rise and Fall; Qwest's Tangled Web; and Wild, Wild Qwest.
This three part story includes a timeline that traces Qwest's public events and private stock sales. Qwest's former Chief Executive Officer, Joseph Nacchio, "publicly touted Qwest's impressive growth projections, while he and other executives sold hundreds of millions of dollars of stock... the company is ... under investigation by the Securities and Exchange Commission and the Justice Department."
Tags: accounting; Andersen; Joseph Nacchio; stock; financial corruption; fraud
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Alliance Capital's Bad Bets
Alliance Capital Management, the world's eighth-largest asset management firm, lost more than $8 billion of its customers' money by investing in five of the biggest corporate train wrecks of the past two years -- Dynergy, Enron, Qwest, Tyco International, and WorldCom -- in the vain hope that the stocks of those scandal-plagued companies would recover.
Tags: Alliance Capital Management; asset management; Dynergy; Enron; Qwest; Tyco International; WorldCom; stock; corporations
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Disconnected; Bells are ringing; Liars on the line
Westword reports that "US West, the company that provides local telephone service to Colorado and 13 other states, has become known for poor service. Many Colorado residents have faced delays of up to six months or longer in getting lines installed in their homes." This series explored the reasons for the low quality of US West's service.
Tags: telecommunications; phone companies; consumer affairs Qwest Communications merger Public Utilities Commission anti-trust competition deregulation