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

To: Steve Fancy who wrote (557)	12/12/1997 1:46:00 PM
From: DMaA	Read Replies (1) \| Respond to of 22640

Small point to be factored in the big picture: Brazil is exempt from the Kyoto treaty provisions. Small since there is little chance the treaty will ever be ratified but pretty big if somehow it was. TBR looks like a pretty reasonable value from here. But I've got to say the idea that a Brazillian stock is a good place to put money to escape the world financial turmoil is anti intuitive to say the least.

To: Steve Fancy who wrote (557)	12/12/1997 2:12:00 PM
From: Steve Fancy	Respond to of 22640

Brazil's Motta awaits release from hospital soon Friday December 12, 12:26 pm Eastern Time SAO PAULO, Dec 12 (Reuters) - Brazil's powerful Communications Minister Sergio Motta remained hospitalized Friday waiting for his breathing to return to normal so he can be released, officials said. ''Minister Sergio Motta remains in hospital awaiting the complete restoration of his pulmonary functions so that he may be discharged,'' Sao Paulo's Albert Einstein hospital said in a statement. The 56-year-old minister has been in the hospital since November 27, when he was rushed to Sao Paulo from Brasilia with a high fever and breathing trouble. Hospital officials have said his health has been steadily improving. On Thursday, hospital officials said Motta, who is being treated for pulmonary inflammation, was taken off oxygen and was ''doing well.'' Motta oversees Brazil's multibillion-dollar telecom privatization program and is a key member of President Fernando Henrique Cardoso's cabinet.