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Technology Stocks : INDONESIA'S PT TELECOM(TLK)
TLK 20.48+2.9%3:59 PM EST

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To: Susan Saline who wrote (624)5/21/1998 1:22:00 AM
From: Philip H. Lee   of 947
 
Indonesian Rupiah Falls After Habibie Named President.
Bloomberg News. May 20, 1998, 8:20 p.m. PT
news.com

"The Indonesian rupiah fell as much as 7 percent, after Suharto resigned, appointing his friend and vice president B.J Habibie to replace him.

The rupiah weakened to 12,050 to the U.S. dollar."
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UPDATE: Rupiah now at 10,900 as of 10:04pm PT, strengthening by 250 from yesterday.
bloomberg.com

Philip
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