INDONESIA'S PT TELECOM(TLK) Message Board

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Technology Stocks : INDONESIA'S PT TELECOM(TLK)

TLK 21.74

-0.4%

Jan 16 3:59 PM EST

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To: Susan Saline who wrote (345)	2/14/1998 12:46:00 AM
From: ----------	Read Replies (2) of 947

Hello: I'm long the stock. The company is O.K. . As fast as news comes out of Indonesia I'm confident they are using phone lines & not swimmers nor dugout canoes. <g> The question, IMO, comes down to this... will the rest of the world let a country go bankrupt? NO Freaking way! Companies go broke. But if a country goes broke.... well the U.S. is a debtor nation, so is the U.K., etc etc etc. WHat if we started questioning our own currency? It is only good because the Government tells us it is & we believe them. There is nothing tangible behind it. So, IMO, it is in the best interests of many many countries to use the IMF or the World Bank, or whatever else to keep Indonesia afloat. In which case, my bet is they stick with telephones, & do not revert to drums, smoke signals & runners to carry information. (BTW, my opinion & 75 cents will get you a cup of coffee, but not much else.) Doug

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