Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Steve Fancy who wrote (1360)	3/30/1998 6:05:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Don't know if this is a rule that might apply to TBR, but if I'm reading this story correctly, there is only about a two week window between listing the actual companies and selling the companies. sf ================================ Eletropaulo's spinoffs to be listed Tues SAO PAULO, March 30 (Reuters) - Three of Sao Paulo power utility Eletropaulo's (ELP.SA) spinoffs will start trading at 1100 local/1400 GMT Tuesday, the Sao Paulo Stock Exchange (Bovespa) said in a statement Monday. biz.yahoo.com

To: Steve Fancy who wrote (1360)	3/30/1998 6:08:00 PM
From: Steve Fancy	Respond to of 22640

Brazil's Motta back to work after checkup in U.S. Reuters, Monday, March 30, 1998 at 17:44 SAO PAULO, March 30 (Reuters) - Brazilian Communications Minister Sergio Motta returned to work Monday following a week of medical exams in Denver, Colo., a spokesman said. Motta, who returned to Brazil over the weekend, was in good health and showed up for work in Sao Paulo Monday, the spokesman said. He will fly to the capital of Brasilia Tuesday to preside over the opening of bids for B-Band cellular concessions in Rio de Janeiro and Espirto Santos states. As Communications minister, Motta oversees Brazil's massive telecommunications privatization, expected to raise some $30 billion this year alone. Last week benchmark Telebras (SAO:TEL_.P) shares fell on market rumors, which were quickly denied, that Motta had died during surgery at a Denver hospital. Copyright 1998, Reuters News Service

To: Steve Fancy who wrote (1360)	3/30/1998 6:09:00 PM
From: Steve Fancy	Respond to of 22640

Brazil's real ends flat, mkt awaits mini-band cut Reuters, Monday, March 30, 1998 at 17:24 SAO PAULO, March 30 (Reuters) - Brazil's real closed steady at 1.1361 per greenback in the commercial forex market on Monday, contained by expectations of a new cut in the dollar-real mini-band on Tuesday, dealers said. They said that the Central Bank might cut the mini-band by 0.09 percent on Tuesday, the last trading day of the month. The bank has lowered the mini-band on that day for the past several months. Expectations of the cut caused banks to hold onto dollars until Tuesday, which prevented the real from rising on steady dollar inflows, dealers said. The current mini-band was set on Friday at between 1.1360 and 1.1410 reais per dollar. So far this month, the Central Bank has shifted the mini-band 0.53 percent lower. In the last six months, the Central Bank has lowered the mini-band between 0.59 percent and 0.63 percent each month. Dealers said the real was also kept in check by some banks which decided to hold dollars so they could sell them Tuesday to influence Tuesday's closing price, which will be used to settle April dollar future contracts on Wednesday. On Monday, preliminary figures for commercial and financial forex contracts at 1640 local time/1340 EST/1840 GMT showed a $265 million surplus. In the floating interbank rate market, the real closed steady at 1.1415 per dollar. In the parallel market, the real fell 0.26 percent to close at 1.170 per greenback. Copyright 1998, Reuters News Service