Cramer on tonight’s MAD MONEY on CNBC was discussing the upcoming huge federal government telecom contract worth $20 Billion out of the federal government.  Some place this worth up to $50 Billion total over a 10-year period.

AT&T (T) and Verizon (VZ) would both do well, but the companies are so large that they would hardly tick a couple percent.  As far as Sprint (S), Cramer thinks this would help more.  Unfortunately he doesn’t think it is a huge mover and it still has a cloud.

On Qwest (Q), Cramer thinks this one has been under a cloud because of the Nacchio trial.  But Qwest is the one that would gain the most and it could have a gigantic move if they win a large part of it.  Cramer thinsk the comapny has turned around on its own and may even beat numbers without the government contract.

Standard & Poor’s issued its own report on this yesterday.  The contract is under the name "Networx" and S&P says that it believes Qwest will likely win a smaller piece of the pie compared to AT&T and Verizon’s share of the contract.  S&P thinks that Verizon and AT&T are the most promising contenders.

Jon C. Ogg
March 22, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.