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

To: Duke who wrote (382)	2/18/1998 9:08:00 PM
From: John J H Kim	Respond to of 947

Analysts Baffled? confused? that's a first. It's plain and simple what Suharto is trying to accomplish. He must be seen as the one who will lead HIS country out of the crisis. He's not interested in the IMF's bailout, only in their money so he can use it to put a shine to his image. Plain and simple. He must have face before HIS people. Once the analysts realize this fact, then they can better deal with him.

To: Duke who wrote (382)	2/18/1998 10:22:00 PM
From: r q lad	Respond to of 947

Duke - thanks for the good info. I also read something similar in our local paper today (California). It seems quite obvious that Suharto is playing politics. While I have become more fully aware of the plight of the Indonesian common man, and feel deeply for his pain, cannot help but be amused by all the doomsayers on this and other Asian threads, ready to pronounce Indonesia extinct. Funny how a man who has held onto power for 30+ years, supposedly by bumbling along is now ready to lose it all. Many armchair analyst already have him thrown out, this despite his control of the police, military, economy etc. So I suppose someone with his staying power must be so stupid as to irrationally throw away his countries future. Don't think so. Funny how all these experts, from the comfort of their living rooms are predicting his downfall. What will Indonesians do with no government if the leader is overthrown. Wouldn't last long as they would be worse off than with a corrupt but stable government, and they would find that out in a hurry. The people want their immediate needs met NOW & the rioting is a result. Watch for a probable gap up tommorow. If not tomorrow, then inevitably when the IMF, US, & Indo make up. Best Regards Randy

To: Duke who wrote (382)	2/19/1998 6:04:00 AM
From: tom	Read Replies (1) \| Respond to of 947

TLK trading at $8.75 in London JAKARTA, Feb 19 (Reuters) - Indonesian telecommunications company PT Telkom surged over nine percent on Thursday on rumours of another possible rise in domestic telephone call charges, brokers and analysts said At around 0822 GMT, Telkom was up 325 rupiah, or 9.4 percent, at 3,800 on 20 million shares traded. "In terms of fundamentals, Telkom is already overpriced, and I think rumours of a rate hike" were the reason for the price rise, an analyst with a foreign securities firm said. Telkom, which accounts for 17.5 percent of total market capitalisation, has been gaining for a week. "Telkom shares usually rise if the rupiah falls, but today was an exception. I am afraid something is being planned by the company," a broker said. The analyst said the company might propose another rate hike due to the rise of the dollar against the rupiah while the company plans to expand its network. "Most of Telkom's capital expenditure should be accounted in dollars," the analyst said. The government last approved an increase in telephone charges in January.