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Strategies & Market Trends : Telebras (TBH) & Brazil
TBH 1.090+3.8%Nov 14 9:30 AM EST

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To: Steve Fancy who wrote (1327)3/26/1998 1:23:00 PM
From: Steve Fancy  Read Replies (1) of 22640
 
Brazil's Motta may be on job Mon after US check-up

Reuters, Thursday, March 26, 1998 at 12:59

BRASILIA, March 26 (Reuters) - Brazil's Communications
Minister Sergio Motta, whose health has been the subject of
market speculation, may be back at work Monday after a week of
medical check-ups in the United States, officials said on
Thursday.
"It is a possibility. It really depends on his medical
evaluation," a ministry spokesman said. "There is nothing
confirmed at this point."
His comments were in response to local news reports Motta
would be back in Brazil on Saturday and on the job again
Monday.
Ministry officials on Wednesday denied rumors that Motta's
health had deteriorated or that he had died while in Denver for
a comprehensive medical check-up.
The rumors pushed stock prices, especially benchmark
Telebras preferred (SAO:TEL_.P), lower on Wednesday. The stock,
the benchmark of the Sao Paulo exchange, rose 0.68 percent to
149 reais on Thursday. Motta traveled to the U.S. last
Friday for a check-up linked to respiratory problems that sent
him to the hospital late last year. Ministry officials said
Motta has had trouble recovering fully from a bacterial
infection of the lungs and was at Denver's National Jewish
Hospital to try to determine how to treat the problem.

Copyright 1998, Reuters News Service
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