In this latest deal, Qwest sold the online pharmaceutical business to a group of senior Qwest managers for an undisclosed cash sum. The business will now be called Cadient. "When we were part of Qwest, people could never understand what Qwest was doing in the online pharmaceutical marketing business," said Bob Weissman, president of Cadient. "If they didn't know us by our former name, they would look at us strangely when we said we were with Qwest. We'd say, 'We're an online marketing company,' and they'd say, 'I thought you were in the phone business.'".

Though Qwest's involvement in online pharmaceutical marketing future is female quote iphone case may strike some as a bit left field, Halpern noted it doesn't hold a candle to WorldCom, The telecom giant, which is trying to reorganize under bankruptcy protection, may soon be looking for ways to unload its 51 percent stake in a yacht builder, WorldCom inherited its stake from former Chief Executive Bernard Ebbers, who is looking for ways to repay a $408 million personal loan WorldCom had given him, The former CEO also used a Canadian cattle ranch as collateral on the loan..

"At least with Qwest, you won't end up having to sell any cattle ranches," Halpern joked. The telecom company is continuing to evaluate other nonessential businesses to sell, but none remains in its portfolio that would be considered as removed from the telecommunications industry as Cadient, said Claire Maledon, a Qwest spokeswoman. Qwest Communications sells its online pharmaceutical marketing business to a group of senior managers--part of the troubled company's effort to rid itself of noncore operations.

The sale is part of the troubled telecom company's effort to rid itself of nonessential operations--and shows just how far it had strayed beyond the telecommunications industry, "Qwest, like other telcos in the late '90s, wanted other lines of business to diversify, They felt those other lines of businesses would help them," said Jeff Halpern, a Bernstein analyst, "I think we'll see more of these types of spinoffs in the future from telcos.", Be respectful, keep it civil and stay on topic, We delete comments that violate future is female quote iphone case our policy, which we encourage you to read, Discussion threads can be closed at any time at our discretion..

CNET también está disponible en español. Don't show this again. Terms of Capellas pay package were not disclosed, pending approval from a bankruptcy court. WorldCom said it would seek court approval as early as Friday. By leaving HP during the first year after the Compaq merger, Capellas has collected more than $16.2 million in payouts. HP said it won't replace Capellas. "I see this as a great opportunity," Capellas said in a statement. "I look forward to hitting the ground running.". WorldCom is mired in a $9 billion accounting scandal, a Chapter 11 bankruptcy reorganization and a Securities and Exchange Commission probe. Former CEO Bernie Ebbers resigned in April, and WorldCom restated its results amid accounting fraud that was uncovered a few weeks later. In June, WorldCom fired Chief Financial Officer Scott Sullivan.