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

To: Steve Fancy who wrote (979)	2/9/1998 4:28:00 PM
From: DMaA	Respond to of 22640

A little noise from Briefing.com: 15:35 ET ****** TELEBRAS SA (TBR) 116 3/4 +3 1/4. Shares of Brazilian telecommunications concern continue to improve today, a trend that has been apparent for the past month as the market is becoming much more comfortable with the notion that the financial crisis in Asia is now better contained. This view certainly was not as prevalent late last year as this issue plunged from the mid-$140s to under $90 a share in less than one month following the collapse of the Asian markets in mid-October. Following the unraveling of the emerging markets, there were many false starts in which this stock recovered for a few days, only to fall again on renewed fears that the Asian crisis was not a short-lived event. The big fear was that money would abandon other emerging markets, like Brazil, as quickly as money had evaporated from the once-loved Asian tigers. While some repatriation of dollars did occur in Latin America, a large outflow of funds never did materialize and it appears that in recent weeks, some bargain hunting has re-emerged. Of course, the crisis is Asia is not over and will likely continue to create more bumps in the road for emerging issues, but for the most part, the more stable environment in Asia has created a more favorable climate for highly followed emerging issues like Telebras. In the past month, this issue has appreciated by around 15% from just over $100 a share. However, investors should be warned that this issue is quite volatile and should be on guard for any renewed problems in Asia that can have easy spill-over effects on other emerging markets. Briefing, by the way, has been talking favorable about TBR for about 6 months and is in fact where I first heard about it.

To: Steve Fancy who wrote (979)	2/9/1998 11:08:00 PM
From: Steve Fancy	Respond to of 22640

TALKING POINT-Brazil telecom plan overly ambitious By Luciana Coelho SAO PAULO, Feb 9 (Reuters) - Future private telecoms operators in Brazil may not be able to meet government's plan to double the number of fixed telephone lines by 2001, analysts said Monday. ''The numbers in the Telebras' (TEL_p.SA) Targets Plan are too optimistic,'' Fonte Cindam analyst Fabio Nazari said Monday about the plan, which was published Monday in the Brazilian government's official gazette. biz.yahoo.com