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

To: Solon who wrote (417)	2/26/1998 4:47:00 AM
From: tom	Read Replies (2) \| Respond to of 947

I have just spoken to a very reliable source in Jakarta (who was the first person to mention the currency board idea) who has a good grip on what is going on politically. He thinks that Suharto is likely to re-shuffle the cabinet by getting rid of most of the technocrats and appointing more nationalists and "yes-men". Marie Mohammed is likely to get the boot. Also, he thinks that if the situation remains this way then the IMF will not give Indo the second tranche of the bailout money. The net effect of all this is that I think you are spot on in suspecting Indo will become more insular. They can just default on all their debt and try and forget the rest of the world. Is this bad news for Indosat??? On the currency trading front I don't know anyone in particular who would do the trade you are looking for. The maximum size of trade in Rupiah I was quoted by a multinational bank in London was US$200,000 with a spread of 5%. A year ago you could do trades of US$50-100m with few problems.