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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 27, 1998
U S WEST, Inc.
(Formerly "USW-C, Inc.")
(Exact Name of Registrant as Specified in its Charter)
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Delaware 1-14087 84-0953188
(State or Other Commission File Number IRS Employer Identification
Jurisdiction of Incorporation) Number
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1801 California Street, Denver, Colorado 80202
(Address of Principal Executive Offices, Including Zip Code)
Telephone Number (303) 672-2700
(Registrant's Telephone Number, Including Area Code)
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Item 5. Other Events
On October 27, 1998, U S WEST, Inc. issued a press release entitled
"U S WEST Reiterates Earnings Projections". The release is filed as Exhibit
99 to this Current Report on Form 8-K.
Item 7. Exhibits
Exhibit Description
99 Press Release issued October 27, 1998 entitled "U S WEST Reiterates
Earnings Projections"
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
U S WEST, Inc.
(Formerly "USW-C, Inc.")
By: /s/ Thomas O. McGimpsey
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Thomas O. McGimpsey
Assistant Secretary
Dated: October 27, 1998
EXHIBIT 99
[U S WEST Logo]
Investor Relations
NEWS FLASH
October 27, 1998
- U S WEST REITERATES EARNINGS PROJECTIONS -
NEW YORK CITY - At an analyst briefing today, U S WEST President and CEO Sol
Trujillo said he expects the company's performance for the balance of the year
to continue to have a positive impact on earnings. Trujillo said he was
comfortable with the upper end of the 4-6 percent EPS growth range for 1998.
In addition to the rapid expansion of its data and wireless offerings, Trujillo
reaffirmed the company's planned rollout of VDSL (Very-high-speed Digital
Subscriber Line) video services to the Phoenix metro area beginning late this
year. To date, the company has received franchises to service approximately
600,000 homes. Unexpected delays in gaining franchises caused a
later-than-anticipated start in securing standard construction permits and
related municipal approvals. To reflect this impact on the construction
timetable, the company revised its estimate of the number of homes it would pass
by year-end, 1998 to 100,000.
U S WEST (NYSE: USW) provides a full range of telecommunications services -
including wireline, wireless PCS, data networking, directory and information
services - to more than 25 million customers nationally and in 14 western and
midwestern states. More information about U S WEST can be found on the Internet
at http://www.uswest.com.
Further information: Larry Thede, 303-896-3550 or Rodney Miller, 303-896-3096.
[Safe Harbor Statement: This document contains statements about expected future
events and financial results that are forward-looking and subject to risks and
uncertainties. For those statements, we claim the protection of the safe harbor
for forward-looking statements contained in the Private Securities Litigation
Reform Act of 1995. Factors that could cause actual results to differ from
expectations include: (i) greater than anticipated competition from new entrants
into the local exchange, intraLATA toll, wireless, data and directories markets;
(ii) changes in demand for the Company's products and services, including
optional custom calling features; (iii) higher than anticipated employee levels,
capital expenditures, and operating expenses (such as costs associated with year
2000 remediation); (iv) the loss of significant customers; (v) pending
regulatory actions in state jurisdictions; (vi) regulatory changes affecting the
telecommunications industry, including changes that could have an impact on the
competitive environment in the local exchange market; (vii) a change in economic
conditions in the various markets served by the Company's operations that could
adversely affect the level of demand for telephone, wireless, directories or
other services offered by the Company; (viii) greater than anticipated
competitive activity requiring new pricing for services; (ix) higher than
anticipated start-up costs associated with new business opportunities; (x)
increases in fraudulent activity with respect to wireless services; (xi) delays
in the Company's ability to begin offering interLATA long-distance services;
(xii) consumer acceptance of broadband services, including telephony, data, and
wireless services; or (xiii) delays in the development of anticipated
technologies, or the failure of such technologies to perform according to
expectations.]
