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


To: Steve Fancy who wrote (1738)4/17/1998 9:06:00 AM
From: DMaA  Read Replies (1) | Respond to of 22640
 
Not looking good for Mr Motta.

Brazil's Minister Motta's Health Deteriorates - Globo TV

SAO PAULO (Dow Jones)--The health of Brazilian Communications Minister Sergio Motta has deteriorated considerably in the past few hours, Globo television reported late Thursday.

Motta, the pointman in the privatization of state-run telecommunications holding Telebras (TBR), has been hospitalized with lung infection since April 7 at Sao Paulo's Albert Einstein hospital.

The minister has spent the past few days under sedation and breathing with the help of a respirator.

Globo said President Fernando Henrique Cardoso left the capital city of Brasilia shortly after 0100 GMT for Sao Paulo, where he plans to visit Motta Friday morning.

Cardoso had not yet visited Motta since the cabinet member checked into the hospital.

In a telephone conversation, a hospital spokesman told Dow Jones Newswires that Motta has been having peaks of fever of 37.9 degrees Celsius, and that his ability to breathe worsened Thursday.

Reading from a news release signed by Motta's physicians, the spokesman said they had changed the mix of antibiotics they have been using to combat the minister's lung infection.

In Brasilia, the presidential Planalto Palace confirmed that Cardoso has flown to Sao Paulo.

Globo said the president may cancel his trip to Chile, where he is scheduled to attend the Summit of the Americas, if Motta's health does not improve. The Planalto wouldn't comment.

Cardoso is a longtime personal friend of Motta's.



To: Steve Fancy who wrote (1738)4/17/1998 5:01:00 PM
From: Mike  Read Replies (2) | Respond to of 22640
 
Steve, there is one catch to the data rooms for TBR. There is a US$100,000,000.00 fine if any info is released or traded upon. Also anyone who has access to the data cannot trade until all Teles are privatized. But come anyway.

Michael