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

To: Susan Saline who wrote (345)	2/14/1998 12:46:00 AM
From: ----------	Read Replies (2) \| Respond to of 947

Hello: I'm long the stock. The company is O.K. . As fast as news comes out of Indonesia I'm confident they are using phone lines & not swimmers nor dugout canoes. <g> The question, IMO, comes down to this... will the rest of the world let a country go bankrupt? NO Freaking way! Companies go broke. But if a country goes broke.... well the U.S. is a debtor nation, so is the U.K., etc etc etc. WHat if we started questioning our own currency? It is only good because the Government tells us it is & we believe them. There is nothing tangible behind it. So, IMO, it is in the best interests of many many countries to use the IMF or the World Bank, or whatever else to keep Indonesia afloat. In which case, my bet is they stick with telephones, & do not revert to drums, smoke signals & runners to carry information. (BTW, my opinion & 75 cents will get you a cup of coffee, but not much else.) Doug

To: Susan Saline who wrote (345)	2/14/1998 9:12:00 AM
From: Jyoti sharma	Read Replies (1) \| Respond to of 947

Susan, >>When INDO settles down their crisis, TLK and IIT will prevail. I share in your conclusion. However Indonesia is not going to settle down soon. Suharto is not going to do any thing to hurt his children's fortunes. Currency board is a charade so that his children can take more money out of INdonesia at a good exchange rate. I have traded both of this stocks several times and consider them undervalued on fundamentals. Fundamentals do not matter in a time of economic crisis. I think there is a very good chance both TLK and IIT will make new lows in near future. Until and unless Suharto agrees to put real reforms in place, buying Indonesian stocks is sheer speculation. Best wishes Jyoti