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


To: Steve Fancy who wrote (6150)7/31/1998 1:56:00 AM
From: Jerry A. Laska  Read Replies (3) | Respond to of 22640
 
Steve,
So this seems to make one think that they might all list tomorrow. I guess it depends upon when that page on their website was last edited.
Hmmm,
Jerry



To: Steve Fancy who wrote (6150)7/31/1998 6:01:00 AM
From: RockyBalboa  Respond to of 22640
 
Checking this means that 3 of group C

Tele Nordeste C
Tele Centro C
Tele Norte C

making up roughly 5.84% of the TBR auction value are not mentioned yet.

Christian



To: Steve Fancy who wrote (6150)7/31/1998 10:21:00 AM
From: Steve Fancy  Respond to of 22640
 
Brazil shrs seen rising on heay Telebras buying

Reuters, Friday, July 31, 1998 at 08:53

SAO PAULO, July 31 (Reuters) - Brazilian shares were seen
rising for a third day, as investors jump back into the market
snapping up Telebras (SAO:TELB4) shares, which will give them
access to the 12 units privatized Wednesday.
"Investors are returning to the Brazilian market in pursuit
of Telebras and cellular companies," said a trader at Solidus
brokerage in southern Brazil.
On Thursday, Brazil's key Bovesp index (INDEX:$BVSP.X) of the 58
most-traded stocks ended up 3.76 percent at 10,939 on heavy
trading following the widely-hailed privatization.
"Telebras is a way to win the 12 holdings," he said.

Copyright 1998, Reuters News Service