Tech Industry

Short Take: US West to take Q2 charges

US West will take one-time charges in its second quarter totaling about $89 million after taxes, related primarily to its June 12 split-off from MediaOne Group. The company's results also will reflect a $21 million after-tax charge related to impairment of its Omaha video operations and a balance sheet impact of $140 million resulting from debt refinancing. US West will report its full earnings results on July 27.

US West will take one-time charges in its second quarter totaling about $89 million after taxes, related primarily to its June 12 split-off from MediaOne Group. The company's results also will reflect a $21 million after-tax charge related to impairment of its Omaha video operations and a balance sheet impact of $140 million resulting from debt refinancing. US West will report its full earnings results on July 27.