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

To: Steve Fancy who wrote (21189)	7/31/2000 1:11:23 PM
From: Art Baeckel	Read Replies (1) \| Respond to of 22640

Lucent signs $300 mln contract with Brazilian company Reuters Company News - July 31, 2000 07:57 Copyright 2000 Reuters Limited. All rights reserved. Republication or redistribution of Reuters content is expressly prohibited without the prior written consent of Reuters. Reuters shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. NEW YORK, July 31 (Reuters) - Lucent Technologies Inc. , the world's biggest telecommunications equipment maker, said on Monday it signed a $300 million contract with Brazilian phone company Telemar . The company said in a statement that it would supply $300 million in goods and services to Telemar through 2002. The deal includes financing. Lucent will supply Telemar switching and access products and services as well as in wireless local loop systems. The company also will provide services and products in communications software, billing systems, and professional services. Telemar, or Tele Norte Leste Participacoes, operates fixed-line services in northeastern Brazil.

To: Steve Fancy who wrote (21189)	8/1/2000 9:25:11 PM
From: wl9839	Read Replies (1) \| Respond to of 22640

Telemar Becomes Bellwether Stk In Brazil's Bovespa Index Dow Jones Newswires SAO PAULO -- Brazil's largest fixed-wireline telecommunications company Tele Norte Leste SA (TNE), known as Telemar, will become the new bellwether stock of the Sao Paulo Stock Exchange in September, according to the projected new weightings of the main Bovespa index released Tuesday. Telemar's weighting in the new 57-stock index, which will be valid from September to December, will be 8.4%, down from 8.5% currently. Nonetheless, it will displace federal oil giant Petroleo Brasileiro SA (E.PTB), or Petrobras, whose share of the index drops to 8.0% from 10.2%. Another stock losing weight in the main index will be federal electric energy holding Centrais Eletricas Brasileiras SA (E.CEB). Preferred shares in the company will account for 4.1% of the index starting in September, down from 6.9%. The stock currently has the third heaviest weight in the index, but will fall to eighth when the new measurements take effect. Eletrobras shares tumbled in late trading Monday as the market speculated about the reduced weight of the stock in the Bovespa Index, as managers of funds that mirror the index, so-called passive funds, started placing money elsewhere. In late trading Tuesday in Sao Paulo, Eletrobras preferred shares were off 7.1% at BRR39.50, while the main index was down 1.6%. One of the prime beneficiaries will be cable TV and Internet group Globo Cabo SA (GLCBY), whose preferred shares will have a 7.8% weighting in the new Bovespa index, up from 4.6% currently. Among the other stocks with heavy weightings, long distance telecommunications concern Embratel Participacoes SA (EMT) will account for 5.0% of the revised index, up from 4.9%; leading private bank Bradesco SA (E.BBR) will represent 4.9%, down from 5.0%; fixed-wireline carrier Brasil Telecom Participacoes SA (TCS) will account for 4.5%, unchanged from its current weighting; and mining giant Cia. Vale do Rio Doce (E.VRD) will have a 4.0% weighting, versus its current 3.4%. The weightings are calculated based on trading volume over the past 12 months. -By Stephen Wisnefski, Dow Jones Newswires; (5511) 813-1988; stephen.wisnefski.dowjones.com