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

To: DMaA who wrote (720)	1/14/1998 1:22:00 PM
From: Steve Fancy	Respond to of 22640

David...I don't think so. I may be the foolish optimist here, but seems like a fairly accurate statement. He has not gone out of his way in the past to put blame where blame appears to be do. I feel this country is and has been sincerely trying to resolve their problems (unlike some others). Look at Japan. From what I understand they are simply refusing to acknowledge their problems, and are attempting to create a hero image for themselves and portray themselves as part of the solution, instead of what appears to be part of the problem. I believe Japan may actually keep the Asian problems alive. As they say, the first step in resolving a problem is acknowledging a problem exists. sf

To: DMaA who wrote (720)	1/14/1998 1:29:00 PM
From: Steve Fancy	Respond to of 22640

-- TELEBRAS MAY BE WORTH $63.7 BILLION, REPORT SAYS PRESS DIGEST - Brazil - Jan 14 A report by German investment bank Deutsche Morgan Grenfell said Brazil's soon-to-be-privatized federal Telebras system is worth $63.7 billion and bank analysts have set a conservative market price of $180 per 1,000 local shares. -- BRAZIL BANKS PROFITING MORE FROM SERVICES Economic stability is changing the landscape of Brazil's banking sector. Financial receipts are losing importance in banks' revenues as receipts from services are rising. -- Reuters has not verified the stories and cannot vouch for their accuracy. biz.yahoo.com