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

To: Tim Cruise who wrote (736)	1/16/1998 12:33:00 PM
From: Steve Fancy	Respond to of 22640

Hi Tim, The Brazilian government continually has maintained the TBR pieces will be sold off by July 98. I have read analysts comments who feel this time frame is too aggressive, but they seem determined. There appears to be a lot of interest in these companies and it has been suggested that they will be bid up considerably. 12 month price targets range from $144 to $180 plus. I believe the 12 month targets are actually as of the sale of TBR. The following appeared in a Brazil newspaper a couple of days ago. I thought I had posted a link to the actual report from Deutsche Morgan Grenfell but in looking back I'm not seeing it. ======================================== -- 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. ==================================== sf