Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Steve Fancy who wrote (511)	12/5/1997 3:03:00 PM
From: Steve Fancy	Read Replies (4) \| Respond to of 22640

RESEARCH ALERT-Telebras buy rating, forecasts kept Reuters, Friday, December 05, 1997 at 05:45 SAO PAULO, Dec 5 (Reuters) - ING Barings said it maintained its buy rating, earnings estimates and December 1998 price target of $144 for Brazil's Telebras (NYSE:TBR) following the release of the company's October financial results. -- "We reiterate our buy rating based on potential price appreciation of about 29 percent to December 1998," ING analysts Patrick Jurczak, Prabhakar Sundararaman and Ileana Savvides said in a report. -- Net income in October rose sharply to 674 million reais from 364 million reais in September, but earnings were affected positively by a one-time gain of 360 million reais, they said. -- Telebras (SAO:TEL_.P">SAO:TEL_.P) (SAO:TEL) continues to show strong fixed line and wireless growth while operating margin in October rose to 39 percent and headcount was reduced by 440 during the month, they added. -- Telebras' ADR ended up Thursday at 113-1/2. Its preferred stock closed at 124.60 reais and its common shares ended at 113 reais. 248-5570, james.craig@reuters.com)) Copyright 1997, Reuters News Service

To: Steve Fancy who wrote (511)	12/5/1997 4:57:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Headline: Brazil's Motta in "good" health, still in hospital Summary: SAO PAULO, Dec 5 (Reuters) - Powerful Brazilian Communications Minister Sergio Motta's condition was good Friday, but he remained hospitalized for an eighth day to undergo treatment for "acute" pulmonary inflammation, officials said. Motta, 56, was "generally in good health" and his condition was "progressively improving" due to treatment with antibiotics and cortizone, Sao Paulo's Albert Einstein hospital said in a statement. He was rushed to Sao Paulo from Brasilia on November 27 with a high fever and trouble breathing.