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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.080

+1.4%

3:59 PM EST

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To: MGV who wrote (6896)	8/20/1998 2:33:00 PM
From: Steve Fancy	Read Replies (1) of 22640

Brazil's Cardoso Extends Lead Over Lula To 23 Points:Poll Dow Jones Newswires SAO PAULO -- Brazilian President Fernando Henrique Cardoso, seeking his second term in office, has extended his lead over his primary opponent to 23 percentage points from 17 points just a week earlier, according to a poll by Ibope-TV Globo-Estado published Thursday. In a survey taken Aug. 16, Cardoso's share of the vote rose to 44% from 40% Aug. 8, while leftist candidate Luiz Inacio Lula da Silva's share dropped to 21% from 23%. Brazil will hold presidential elections Oct. 4. The Ibope poll and other recent polls signal that Cardoso will win in the first round and avoid a run-off election. To do so, Cardoso needs to win more than half of the valid votes, which are total votes cast minus the blank ones. The Ibope poll showed that 15% of voters are still undecided, while 11% would cast blank votes. Voting is obligatory in Brazil. Among the other candidates, former finance minister Ciro Gomes has 5% of the vote and Eneas Carneiro, whose platform centers on the development of a nuclear bomb, is in fourth place with 3%.

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