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

To: Art Baeckel who wrote (21264)	8/8/2000 9:21:38 AM
From: Art Baeckel	Respond to of 22640

Mexican telecommunications giant Telefonos de Mexico (Telmex) (NYSE: TMX) rose 1 to 53. Mexican media company Grupo Televisa (NYSE: TV) gained 1/8 to 66-7/8. Brazilian phone company Embratel (NYSE: EMT) gained 3/16 to 22-3/4. Brazilian cellular phone company Tele Norte Leste (NYSE: TNE) rose 3/16 to 25-5/8, and telecommunications company Telebras (NYSE: TBH) added 1-1/16 to trade at 94-9/16. siliconinvestor.com

To: Art Baeckel who wrote (21264)	8/8/2000 11:26:28 AM
From: Art Baeckel	Read Replies (1) \| Respond to of 22640

AOL-LA shares gain after $8/shr IPO Reuters Company News - August 08, 2000 11:13 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. Jump to first matched term NEW YORK, Aug 8 (Reuters) - Shares of America Online Latin America Inc. gained on Tuesday, following its initial public offering, which raised $200 million, far below the original expectations of $425 million. Shares of AOL-LA, the venture between U.S. Internet services powerhouse America Online Inc. and Venezuelan media conglomerate Cisneros Group, rose 15/16 to 8-15/16 on Nasdaq. The Fort Lauderdale, Fla.-based company priced 25 million shares at $8 per share, the bottom of its lowered price range. The range on the IPO, which was initially expected to price last week, was cut to $8-$10 a share from $15-$17 a share earlier last week. Investor interest was lukewarm for several reasons, including the overall tempered reaction to new issues and scepticism about how AOL will transfer the power of its U.S. brand to Latin America. Critics of AOL-LA have said the company faces stiff competition from local players, many of whom staked out their ground much earlier than AOL. The company also introduced its services in Brazil last year at the same time that free access was beginning to pervade the market.