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

To: EPS who wrote (1595)	4/13/1998 11:19:00 AM
From: EPS	Respond to of 22640

Market Status at 07h36 am ET Despite the deterioration of Communications Minister S‚rgio Motta's health, investors believe local bourses should trade positively during the day to catch up with Thursday's gains in the New York stock exchange. However, Motta's health conditions should be closely followed by local traders since the minister is considered the main character in the privatization of the telecom holding Telebr s. Ibovespa index is now up 0.95% at 12,078 points and the Rio de Janeiro Stock Exchange Index (IBV-RJ) is higher by 0.74% at 42,693 points. Telebr s PN/US$ up 1.55% at R$144.50. Eletrobr s stable at R$55.00. CVRD PN/US$ up 1.42% at R$28.50. The US commercial dollar Ptax is now trading at R$1.1394/R$1.1392. Due to technical problems, a more precise dollar and forex market review will come later in the day. (By Paulo Monteiro)

To: EPS who wrote (1595)	4/13/1998 11:23:00 AM
From: TOPSID877	Read Replies (2) \| Respond to of 22640

Mixed news. Santander today upgraded TBR to a "strong buy". However, hospitalized O Senhor Motta is stable but still quite ill; President Cardoso is expected to name an acting Minister of Communications--probably Juarez Quadros. O Senhor Quadros is the executive secretary of the Communications Ministry and is a career employee of Telebras. Anyone know more about Juarez Quadros? (e.g. more about his experience, his role in Brazil's coalition politics, etc.)