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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.065

-2.3%

Nov 17 3:59 PM EST

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To: md1derful who wrote (7846)	9/11/1998 11:26:00 AM
From: Steve Fancy	Read Replies (1) of 22640

Brazil's Cardoso Extends Lead Over Lula: Ibope Poll Dow Jones Newswires SAO PAULO -- Brazilian President Fernando Henrique Cardoso's has extended his lead over his main opponent 23 days ahead of the presidential election, according to a poll released Friday. The joint poll - by research group Ibope, TV Globo and the O Estado de Sao Paulo newspaper - shows Cardoso's lead over Luiz Inacio Lula da Silva expanded to 24 percentage points from 19 points in last week's survey. If elections were held now, Cardoso would win 47% of the vote, up from 44% in last week's poll, and Lula would garner 23%, down from 25%. Franklin Martins, a political commentator for TV Globo, said Cardoso's rise in the polls could be associated with the deepening of Brazil's financial crisis and voters' belief that the president is more prepared to handle the turmoil than Lula. Other candidates would win 11%. Seven percent of voters would vote blank and 11% were still undecided. Voting is obligatory in Brazil. These numbers give Cardoso re-election in the first round of voting on Oct. 4. To avoid a second-round vote, a candidate must receive an absolute majority of valid votes, which excludes blank ballots. -By Mary Milliken; (55-11) 813-1988; mmilliken@ap.org

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