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Strategies & Market Trends : Telebras (TBH) & Brazil -- Ignore unavailable to you. Want to Upgrade?

To: Steve Fancy who wrote (1290)	3/24/1998 8:32:00 AM
From: Doug Chin	Respond to of 22640

US $10.5B sounds a little low to me based on other articles saying the govt is expecting to get 20B (not sure if the 20B was Reais or US$, but in either case it's more than US$ 10.5B). Regardless, even if US $10.5B figure is correct we will still get a decent profit. Remember that the article is saying this is what the govt gets. As had been posted earlier, the govt only owns around 21% of the equity. 10.5B/.21 = 50B/230M shares = $217 It was good to see that yesterday TBR was still able to gain when the market was generally down. I for one would not want to sell out of my position in TBR anytime soon.