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

To: Oracle who wrote (6585)	8/12/1998 8:03:00 PM
From: Steve Fancy	Respond to of 22640

Well, another good point Oracle. Short of a couple more 100 point updays on the DOW, there may be more folks who don't want to hold over the weekend. OTOH, most weak hearted soles have probably already left us. These things usually turn around when some of the toughest start throwing in the towel. Most people that still hold, other than folks who bought '96 and before, are probably in loss mode. Although I don't expect it, I believe if the companies list tomorrow, there would still be limited upside. Remember Embratel has never even traded. Will be interesting when they do. I hate that word "interesting". Seems you find it in just about every other SI post. sf

To: Oracle who wrote (6585)	8/12/1998 8:11:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Hey, at the moment, Japan is up and the yen is UNCH. Would be great if we can get a solid night out of Asia...especially Hong Kong, China and Japan. sf

To: Oracle who wrote (6585)	8/12/1998 8:19:00 PM
From: Steve Fancy	Respond to of 22640

Oracle...just saw your "trend is your friend" post...not to disagree, but again, the other side of that coin is that generally when trends become obvious to the masses, they go away. You believed in the trend before the masses. After 9 days of this massacre, the trend is now obvious and I'd like to think it waffles around, closes the week 98-100. If market sentiment improves for the next couple days, any news supporting the hope of listings next week could be the final bottom. I think it's real close. sf

To: Oracle who wrote (6585)	8/12/1998 8:30:00 PM
From: Steve Fancy	Respond to of 22640

British Telecom to Spend $1 Billion For Rest of Venture With MCI An INTERACTIVE JOURNAL News Roundup British Telecommunications PLC will spend $1 billion to buy out the remaining share of an international joint venture from erstwhile acquisition target MCI Communications Corp. BT will purchase the remaining 24.9% stake in the Concert Communications Services venture immediately after the close of MCI's merger with WorldCom Inc., which is expected to occur this summer. BT announced its intention to buy back Concert, which provides phone and data services to international companies, after WorldCom bested the London company's effort to acquire MCI. The terms of such a purchase had to be negotiated, however. BT American depositary receipts advanced $2 to close at $133.375 in New York Stock Exchange composite trading Wednesday. BT shares settled 19 pence higher at 824 pence on the London Stock Exchange. MCI shares gained $1.625 to close at $61.75 on the Nasdaq Stock Market. Ever since its deal to acquire MCI fell through in November, BT has been looking to link up with another big U.S. phone company. Other industry mergers and surging stock values put many potential targets out of reach for much of the year, however. Concert, with about $1 billion in annual revenue and some 3,500 corporate customers, is crucial to BT's global aspirations. Complete ownership of Concert would be a strong bargaining chip for BT during any negotiations with potential U.S. partners -- most of whom are equally eager to pursue corporate customers internationally. Analysts have said that BT will eventually sell a stake in Concert to a new partner. BT, AT&T and the other big names in telecommunications have been under competitive pressure from small upstarts, like Equant NV, who pitch reliable, stable systems in the face of near-constant shifts in alliances among the bigger companies. Under Wednesday's deal MCI will continue to distribute Concert services in the Americas for up to five years following the close of its merger with WorldCom. Concert's prime U.S. distributor, although on a non-exclusive basis, will be AT&T Corp. In July BT and AT&T agreed to form a global phone venture to provide low-cost voice, data and video services to multinational customers, partly via the Internet. That deal calls for those two companies to invest $1 billion in high-tech businesses and to create an independent entity with 5,000 employees. The BT-MCI Concert venture came together four years ago when the British company made an investment in MCI. The deal had to overcome antitrust concerns expressed by, among others, AT&T, which feared its access to British markets would be undermined by a BT-MCI alliance.