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Technology Stocks : Nuevo Grupo Iusacell (CEL)

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To: slacker711 who wrote (46)	4/5/2000 9:43:00 AM
From: Rob Preuss	of 206

[Mexico Leads Latin American Stocks in Q1] Full story biz.yahoo.com Excerpts: The region's top performer last year, Mexico continues to be an investor favorite. The MSCI Mexico was up 4.51% for the quarter. This makes it the fourth-best performing Latin American market, after Argentina, Peru and Venezuela. The top-performing ADR this quarter was Bancomer (OTC:GFNSY - news), which rose 36%. Bancomer was helped by expectations surrounding its Internet strategy and favorable industry fundamentals. The bank recently announced plans to merge with the Mexican subsidiary of Spain's BBV Argentaria's (NYSE:BBV - news). If completed, the combined entity would be the biggest bank in Mexico, surpassing Banacci (OTC:GFLMF - news), which is short for Grupo Financiero Banamex Accival. Not far behind was Nuevo Grupo Iusacell (NYSE:CEL - news), which gained 35%. Mexico's second-largest cellular carrier, Iusacell is experiencing explosive subscriber growth. Controlled by the Bell Atlantic (NYSE:BEL - news) of the US, Iusacell recently introduced wireless Internet access in an attempt to appeal to upscale customers.

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