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CABLE WORLD STAFF
QWEST STOCKS STEADY: Stocks for Qwest Communications International Inc. stabilized at $35.00 after an initial drop of 25% from the previous week in the wake of its hostile bid for U S West Inc. and Frontier Corp. Analysts say it's too soon to know if Qwest will emerge victorious in the deal.
Blonder Tongue Laboratories Inc. announced last week that its second quarter earnings would be below analysts' expectations, citing lower than anticipated sales. Earnings for the second quarter were expected to be higher than the first quarter of 1999. The company's shares closed at $6 9/16 June 16.
The share price of News Corp. Ltd. was boosted last week to $13.80 a share by news that Liberty Media would participate in a $1.4 billion share buy-back. Liberty will have an 8% stake in News Corp. after the deal is complete.
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