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

To: Duke who wrote (300)	2/10/1998 10:33:00 AM
From: Jyoti sharma	Respond to of 947

Duke, The ratio for IIT is 10:1 Jyoti

To: Duke who wrote (300)	2/11/1998 10:58:00 AM
From: tom	Read Replies (2) \| Respond to of 947

It now seems as though a currency board in Indonesia is a certainty (Steve Hanke hinted as much in a conference call and the currency markets appear to be pricing it in). This means that if the board does not go ahead then all the regional currencies will take a bath. As I expected, TLK is not rallying on this news as the local stock is falling as the exchange rate appreciates (heads you lose tails you lose scenario). I think it is a better idea just to buy the Rupiah directly and avoid the TLK risk.