-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, L3sTGM2NR0G6XWZFTUaNbrsPGOhVw47vuHqUuRHHa9oMV2qGV9HtNLk5EFIwTMlH m3849C8CW9S/AoH8gMmIOQ== 0001054522-98-000007.txt : 19980716 0001054522-98-000007.hdr.sgml : 19980716 ACCESSION NUMBER: 0001054522-98-000007 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19980715 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19980715 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: U S WEST INC /DE/ CENTRAL INDEX KEY: 0001054522 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 840953188 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-14087 FILM NUMBER: 98666470 BUSINESS ADDRESS: STREET 1: 1801 CALIFORNIA STREET STREET 2: SUITE 390 CITY: DENVER STATE: CO ZIP: 80202 BUSINESS PHONE: 3036722700 MAIL ADDRESS: STREET 1: 1801 CALIFORNIA STREET STREET 2: SUITE 390 CITY: DENVER STATE: CO ZIP: 80202 FORMER COMPANY: FORMER CONFORMED NAME: USW-C INC DATE OF NAME CHANGE: 19980204 8-K 1 FORM 8-K =============================================================================== 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): July 15, 1998 U S WEST, Inc. (Formerly "USW-C, Inc.") (Exact name of registrant as specified in its charter)
A Delaware Corporation Commission File IRS Employer Identification (State of Incorporation) Number 1-14087 No. 84-0953188
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) =============================================================================== Item 5. Other Events On July 15, 1998, U S WEST, Inc. issued a press release concerning certain one-time charges for the second quarter 1998. The release is filed as an exhibit to this Current Report on Form 8-K. Item 7. Exhibits Exhibit Description 99 Press Release issued July 15, 1998 entitled "U S WEST to Reflect One Time Charges Related to its Split with MediaOne Group." 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 ----------------------------------------------- Thomas O. McGimpsey Assistant Secretary Dated: July 15, 1998 EX-99 2 EXHIBIT 99 U S WEST Investor Relations NEWS FLASH July 14, 1998 - U S WEST TO REFLECT ONE TIME CHARGES RELATED TO ITS SPLIT WITH MEDIAONE GROUP - DENVER - U S WEST announced today that it will take one time charges in the second quarter totaling about $89 million after taxes, related primarily to its June 12 split-off from MediaOne Group. Approximately $68 million of the total represents costs directly related to the split, including executive severance, legal and financial advisory fees, securities registration fees, printing and mailing costs, and internal systems and rearrangement costs. The annual proxy filing disclosed that charges were anticipated for split related costs. The second quarter results will also reflect a $21 million after tax charge related to impairment of its Omaha video operations. U S WEST began providing video services to customers in Omaha in 1995. Although a marketing success, recent technological advances have permitted the company to pursue and use more economical VDSL technology. Phoenix is the first target city for this service. On an operating basis, the company said it is comfortable with Wall Street's consensus estimate for the second quarter. On July 27, the company will report proforma results including the full quarterly impact of the directory business transfer from MediaOne to the new U S WEST. In addition to these income-statement charges, the Company will also reflect a balance sheet impact of $140 million resulting from debt refinancing due to the transfer of U S WEST Dex. U S WEST (NYSE: USW) provides a full range of telecommunications services - including wireline, wireless PCS and data networking - 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. 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. Discussion of factors that may affect future results is contained in our recent filings with the Securities and Exchange Commission. Further information: Larry Thede, 303-896-3550; Rodney Miller, 303-896-3096; Hadley Evans, 303-896-5706. ### U S WEST Investor Relations 1801 California Street, Suite 4930, Denver, CO 80202 303-896-1277 -----END PRIVACY-ENHANCED MESSAGE-----