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

To: Steve Fancy who wrote (6810)	8/18/1998 4:47:00 PM
From: Steve Fancy	Respond to of 22640

TABLE - Brazil's Light (SAO:LIGH3) H1 net up 40 pct Reuters, Tuesday, August 18, 1998 at 16:14 SAO PAULO, Aug 18 (Reuters) - Private Brazilian power utility Light released the following financial results on Tuesday. 1998 H1 1997 H1 Net profit 172 mln 122 mln Shr net 0.01675 real 0.01184 real Net revs 1.089 bln 887 mln Net worth 2.403 bln 2.365 bln NOTE: All figures are in Brazilian reais. Light bought control of Metropolitana (SAO:ELPL3), an electricity distributor spun off of Sao Paulo state utility Eletropaulo for 2.02 billion reais in April. The company said that its net profit would have reached 200 million if it were not for the Metropolitana purchase. Light plans to pay 120 million reais in dividends, up from 100 million in the same period a year ago, it said. Copyright 1998, Reuters News Service

To: Steve Fancy who wrote (6810)	8/18/1998 4:49:00 PM
From: Steve Fancy	Read Replies (2) \| Respond to of 22640

I have this strong feeling that today may have been the bottom for TBR...I called it at little late, around 2:20. Looking for a strooong gain tomorrow. Now, usually when I stick my neck out with daily predictions they're wrong soooo, IMO and FWIW. sf

To: Steve Fancy who wrote (6810)	8/18/1998 5:02:00 PM
From: Steve Fancy	Respond to of 22640

Motorola signs US$220m contract with Global Telecom Sao Paulo, 18 - US-based Motorola's cellular infrastructure division announced today it closed a contract with Global Telecom do Brasil. The 5-year contract foresees the supply of dual mode CDMA equipment for analog systems and network infrastructure to Brazil's southern region, also known as Region 5. Global Telecom is a joint-venture comprised of Brazilian groups Suzano and Inepar, Motorola, and Japan-based Nissho Iwai and DDI groups. In April of last year, Global Telecom won the license to operate the B Band in both Paran and Santa Catarina states. Projected investments for the region totals US$1.3bn. (By Renata Rondino)

To: Steve Fancy who wrote (6810)	8/18/1998 5:03:00 PM
From: Steve Fancy	Respond to of 22640

Telesp is company yielding largest return to shareholders Sao Paulo, 18 - A research jointly conducted by the Get£lio Vargas Foundation (FGV-SP) and The Boston Consulting Group, and supported by the Sao Paulo Stock Exchange (Bovespa) showed today that the former Sao Paulo state-owned telecom, Telesp, privatized last July 29 see related story, was the company yielding the largest return to shareholders during the period between 1990 and 1997. The annual real return (already deflated by the general prices index, IGP-M) offered by Telesp in the period reached 52%. The shares of federally-owned electricity utilities' holding company, Eletrobr s, ranked second by offering a return of 42%. They were followed by Telerj's shares, which registered a 35% shareholder return. According to The Boston Consulting Group's vice-president, Robert Davies, the telecoms' appreciation was a result of expectations that, after being privatized, these companies' profitability would increase significantly. Davies added that telecom equipment suppliers, like Ericsson, whose shares offered a 99% shareholder return in 1997, were also highly benefited by last July's privatization. (By Rodney Vergili)