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Technology Stocks : INDONESIA'S PT TELECOM(TLK) -- Ignore unavailable to you. Want to Upgrade?

To: tom who wrote (235)	2/4/1998 3:49:00 AM
From: Jay Fisk	Read Replies (2) \| Respond to of 947

How does deregulation affect IIT ? Their infrastructure seems up-to-date (based only on the singular metric of a fast web site !) Here's Bloomberg's nightly update: World Bank Made Mistakes in Indonesia, Wolfensohn Says " World Bank Chairman James Wolfensohn admitted the bank made ''mistakes'' in its analysis of Indonesia's problems, and underestimated the economic impact of pervasive corruption. ''We made mistakes'' in the assessment of Indonesia's debt problem and didn't fully understand the political dimension, Wolfensohn said. Along with most aid agencies, it also failed to appreciate the scale of the private corporate debts which helped wipe out four-fifths of the rupiah's value in the past year. Wolfensohn is on a two-day trip to Indonesia to discuss its $4.3 billion contribution to the $40 billion aid package put together by the International Monetary Fund in October." Hmmm . . . pervasive corruption (Good for at least half a point !) and "mistakes in assessment" (maybe a full point ?) Might signify yet another buying opportunity.

To: tom who wrote (235)	2/4/1998 8:55:00 AM
From: Jyoti sharma	Read Replies (2) \| Respond to of 947

Tom, Your comment " Further liberalisation of the telecoms industry cannot be viewed as positive for Telkom" I do not agree with you on liberalization issue. If any thing current problems puts it back at least by two years. Telekom with its lines already in place will be very tough to compete by the new entrants. Who do you think is going to finance the competition. Not foreign investors and local investors will have difficulty raising money. TLK due to its size as a govt controlled company will always dominate telecommunications in Indonesia. I agree TLK is not very well managed but that is to be expected of any govt run monopoly. Best wishes. Jyoti