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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Norm Demers who wrote (26274)	1/20/2000 2:09:00 PM
From: johnsto1	Respond to of 56532

IAAC...why will it be big? Todays WallStreet Journal Gives a taste of the need for IAAC Why be stuck to select ADR's when you can just buy their stocks directly.I'm starting to believe IAAC will be a major year 2000 company! January 20, 2000 Internet-Related Stock Fever Has Spread to Latin America By JONATHAN FRIEDLAND and PAMELA DRUCKERMAN Staff Reporters of THE WALL STREET JOURNAL MEXICO CITY -- The frenzy over Internet-related stocks has gone south of the border. Mexican media bellwether Grupo Televisa SA, which two weeks ago outlined plans for an Internet push, expanded a secondary offering of its Big Board-listed American depositary receipts yesterday as global telecommunications and media funds clamored to get a piece of the action. Holding company Grupo Televicentro SA raised a higher-than-expected $1.13 billion in selling off a 9.1% stake in Televisa in an offer that was 2 1/2 times oversubscribed. Across town here, the country's largest financial services group, Grupo Financiero Banamex-Accival SA, savored an upgrade to "strong buy" by Morgan Stanley Dean Witter & Co. as it unveiled a long-awaited service for securities trading via the Internet. Meanwhile, a third listed company, live-entertainment concern Cia. Interamericana de Entretenimiento SA, or CIE, said it planned to swap content for a majority stake in local portal Latin Entertainment Inc. Both Banacci, as the financial-services group is known, and CIE indicated they might eventually spin off their Internet assets into separate companies and seek a listing for them. The activity in Mexico follows a week of sharp gains in telecommunications and media stocks across Latin America. The rises were prompted in large part by last week's deal between America Online Inc. and media giant Time Warner Inc., and a decision by Spain's Telefonica SA to purchase the rest of the shares it doesn't own in phone companies it controls in Argentina, Brazil and Peru. The enthusiasm is also being fueled by Wall Street investment banks, which believe they have found a way to lure fund managers who typically shy away from emerging markets. "It's the only Latin story where we can really cross over to a U.S. investor base," says John Boord, head of Latin American equity capital markets at Salomon Smith Barney Inc. Salomon, which co-managed the Televisa offering, now has three bankers working full-time to win underwriting and advisory mandates from Latin American companies eager to jump on the Internet bandwagon. They are helped by a team of analysts who have just published lengthy research reports on electronic retailing, online media and broadband in Latin America. In fact, the job of Latin American Internet analyst, which didn't exist at most firms a year ago, has become de rigueur for top Wall Street banks. In the next week, Merrill Lynch & Co., Goldman Sachs Group Inc. and Credit Suisse First Boston Corp. are all hosting conferences for U.S. investors on the Internet in Latin America, in the hope of staking their claim to the market.