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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: wl9839 who wrote (21022)	6/6/2000 9:00:00 AM
From: md1derful	Read Replies (1) \| Respond to of 22640

sf and wj: As for the demise of tbh..it's about time...I recall just before the breakup of tbr, there was no mention of another basket being formed until very late in the game...I was kinda disappointed that this was happening, as I know others on the board were, because I felt it would deflect liquidity from the babies...now that tbh is fading away, perhaps the babies can trade on their own merits ( or lack thereof), with more liquidity and more exposure...this can only help...whodda thunk that after two years, we would finally get to see the babies standing alone...say what was the breakup date of tbr...we should have a little cyberparty as many of us are still here after two years...perhaps we could all answer some sort of question in regards to our expectations of tbr vs the reality.....see ya doc doc

To: wl9839 who wrote (21022)	6/6/2000 9:03:00 AM
From: wl9839	Read Replies (1) \| Respond to of 22640

Brazil Central Bank Sets Banespa Price at 1.6 Bln Reais: Valor Sao Paulo, June 6 (Bloomberg) -- The central bank has set a price of between 1.61 billion reais ($890 million) and 1.82 billion reais for the 33.3 percent stake of Banco do Estado de Sao Paulo SA, which will be sold this year, Valor Economico newspaper reported. The numbers were obtained in central bank documents sent to the Tribunal de Contas da Uniao, a special court in charge of overseeing government spending. That makes 100 percent of Banespa's capital worth between 4.9 billion reais and 5.5 billion reais, which is less than the 5.95 billion reais price set for the bank last year, when Sao Paulo state sold its stake to the federal government. Banespa's July 18 sale was suspended last week by a federal court decision. The government is appealing the decision at a higher court. (Valor, 06/06/2000 p. C1. {BRVA } to see the paper's Web site.) -------------------------------------------------------------------------------- ¸ Copyright 2000, Bloomberg L.P. All Rights Reserved.