INDONESIA'S PT TELECOM(TLK) Message Board

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Technology Stocks : INDONESIA'S PT TELECOM(TLK)

TLK 22.37

+0.8%

Nov 26 3:59 PM EST

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To: Rational who wrote (194)	2/2/1998 6:24:00 PM
From: Jyoti sharma	Read Replies (1) of 947

Sankar, Where do you think Rupiah might be in six months to a year. I have seen speculations of 30,000 or 20,000 to a dollar. It's around 10,000 now. IMO at current levels of exchange rates TLK and IIT are fairly valued. TLK had a lot of dollar debt and earnings are all in Rupiah. IIT has a major portion of the earnings in dollars and expenses in local currency. However IIT's future dollar earnings may be in jeopardy due new FCC rules. I have sold my positions in TLK and IIT for the moment to unemotionally determine the right price for these stocks. Best wishes Jyoti

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