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

To: AnnaInVA who wrote (739)	6/26/1998 11:28:00 PM
From: needawin	Read Replies (1) \| Respond to of 947

Anybody have more details on IMF loan prospects to Indonesia? Investors Business Daily carried front page note to the effect that IMF will continue with $43 billion loan package it started but that significant conditions were attached - mainly bank clean-ups. Article notes economic conditions leading to TLK rock bottom price - expected 10% negative growth for 1998 and 80% inflation. I'm writing this from memory - hope all facts are stated correctly. I'm holding TLK for long term - at least two years . Economy in that time can improve and telecommunications boom will continue even in Indonesia, a country with the fourth largest population on earth.