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Strategies & Market Trends : the Women of SI -- Ignore unavailable to you. Want to Upgrade?

To: Jenna who wrote (339)	7/24/1998 1:02:00 AM
From: Joan Osland Graffius	Respond to of 1691

Jenna, I agree with you concept of trying to keep your thread focused and I am sure you do an excellent job. What I am talking about when loosing your shirt in the market is during 1929-1940, 1962, 1966, 1969-1970, 1973-1974, 1977, and 1987. 1997 was not even a correction - just a crack in the market. IMHO, until folks walk in these shoes they don't know what the market is. A very large number of folks were wiped out during each of these downturns. enough said, Joan

To: Jenna who wrote (339)	7/24/1998 2:26:00 AM
From: Jim Bergevin	Respond to of 1691

To All; Keep your eye on PLFM, getting ready for big swings for the next few days. IRIDF lost 2 satelittes (sp) today and price fell off 8 pts. Brazil will auction next week. also this post from yahoo- <Picture: Yahoo! Finance>Home - Yahoo! - Help ------------------------------------------------------------------------ <Picture: Reuters> Yahoo! Pager - Keep track of friends online, get instant messages [ Business \| US Market \| By Industry \| IPO \| AP \| S&P \| International \| PRNews \| BizWire ] ------------------------------------------------------------------------ Thursday July 23, 11:45 pm Eastern Time Global telecom giants ready for Telebras faceoff By Adrian Di next week when Brazil kicks off the privatization auction of its giant Telebras (TELB4.SA) (TBR - news) holding. At least four major consortia have come together to compete for the 12 Telebras spinoffs which are scheduled to go on tin as much as $14 billion to government coffers, but Borges played down talk of extraordinary premiums. ''If it fetches a premium, it will be small. But we are talking about hundreds of millions (of reais),'' he said. The Telebras selloff will be the highpoint of Brazil's massive privatization program, and comes just two months before national polls in which incumbent president Fernando Henrique Cardoso hopes to be reelected to a second four-year term. Borges said Telesp (TLSP3.SA), the wireline unit covering the prosperous southeastern state of Sao Paulo, would likely be the most hotly contested of the 12 companies up for sale. Other prize items would be the two A Band cellular units in Brazil's South and Southeast regions, which service a rich and densely populated region stretching from Rio de Janeiro down to the border with Argentina. The four groups which will face off during Latin America's biggest ever privatization sale include some of the most powerful names in telecommunications on both sides of the Atlantic. Brazilian corporations have generally limited their role to funding and coordinating the different groups, allowing the foreigners to contribute operational and technical know-how. BellSouth Corp. (BLS - news), which last year forked out $2.45 billion for a B band cellular concession in the city of Sao Paulo, has once again joined forces with Banco Safrspapers reported this week. Telecom Italia SpA (TIT.MI), another leading player in the Latin American market, has teamed up with Brazil's Bradesco (BBDC4.SA) and Globopar in an expected bid for Telesp and probably several cellular units. MCI Communications Corp. (MCIC - news) and a mixed U.S. and Brazilian group led by Sprint Corp. (FON - news) are seen vying against one another for for Embratel, Telebras' profitable long distance subsidiary. Conspicuous because of its absence has been U.S. long distance carrier AT&T Corp. (T - news). An AT&T spokesperson said the company would not be participating in next week's sale but did not discount playing a significant role in Brazil in the years ahead. ''The privatization of Telebras is just the beginning of the restructuring of Brazil's telecommunications sector. There will be plenty of opportunities in future,'' the AT&T spokesperson said. Borges said he expected new groups to come together before a consortia registration deadline on Friday July 24.