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

To: Susan Saline who wrote (624)5/20/1998 8:57:00 PM
From: John J H Kim  Read Replies (2) | Respond to of 947
 
I think it was speculators getting in with the news of Suharto might announce his resignation as early as tomorrow. There will probably be a gap up in the morning on IIT and TLK. Once Suharto does resign, I suspect there might be a sell-off as uncertainty will settle in again on Indonesia's leadership.



To: Susan Saline who wrote (624)5/21/1998 1:22:00 AM
From: Philip H. Lee  Respond to of 947
 
Indonesian Rupiah Falls After Habibie Named President.
Bloomberg News. May 20, 1998, 8:20 p.m. PT
news.com

"The Indonesian rupiah fell as much as 7 percent, after Suharto resigned, appointing his friend and vice president B.J Habibie to replace him.

The rupiah weakened to 12,050 to the U.S. dollar."
-----

UPDATE: Rupiah now at 10,900 as of 10:04pm PT, strengthening by 250 from yesterday.
bloomberg.com

Philip


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