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

To: tom who wrote (292)	2/10/1998 7:21:00 AM
From: jim shiau	Respond to of 947

tom, >when the Rupiah strengthens as people expect Indo start a currency board then Telkom and Indosat fall back towards their pre-crisis levels? I think you make a good point. Rupiah is 7400 to USD today, and TLK dropped 550 to 3750 rupiah in the indo exchange, and the fair value is $10.125 now.

To: tom who wrote (292)	2/10/1998 7:58:00 AM
From: Jyoti sharma	Read Replies (1) \| Respond to of 947

tom, We are speculating what the trading level of TLK will be if currency board is activated in Indonesia. IMHO if Indonesian currency stabilizes around 5000 for a period of time and normalcy returns to Indonesia, TLK will be trading a lot higher. I do not know whether a currency board will work in Indonesia, perhaps Sankar can provide us his expert opinion. I have a small position in TLK, sold IIT and watching the events unfold in Indonesia. On fundamentals I feel TLK is undervalued, but political and economic conditions makes it a pure speculation. This morning's WSJ has a big write up on currency board in Indonesia. Best wishes, Jyoti