Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.692

-2.0%

Dec 12 9:30 AM EST

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To: David Petty who wrote (11268)	1/6/1999 8:42:00 PM
From: Steve Fancy	of 22640

David, all part of the process of getting where they ultimately need to go. What's so tragic is that much if not all of the current gyrations would likely have been avoided if they had just approved the SS reforms completely last April-May. I'm confident they'll get it together sooner or later...just hope nothing happens to Cardoso in the meantime. We need more good news out of Congress to help offset this new problem. May hold UBB back more than the Telco's. sf

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