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

To: Steve Fancy who wrote (6862)	8/19/1998 4:11:00 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 22640

I'm not Oracle, but I' m alive. Portfolio totals are diminishing every day I look there. Luckily not only "long stock value" but also short stock values. Beating other dogs helps keeping portfolio totals somewhat on track. But there is no real satisfaction in dumping the small gains from anywhere else into the TBR post. What to do with this dog? It ran eventually to 96 along with the strong BVSP and looked bullish but what happened? Whats about the delay in the new ADR listing? My last information is that it will take until mid-September, an info via reuters yesterday, but is there another delay ? Christian TBR close seems to be 91 7/8 at 38,878 lots. Where TBH is at 92 1/4

To: Steve Fancy who wrote (6862)	8/19/1998 4:30:00 PM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Germany's Dresdner Bank Unifies Brazilian Operations Dow Jones Newswires RIO DE JANEIRO -- In a move designed to strengthen its presence in Brazil, Germany's Dresdner Bank (G.DRS) announced Wednesday that it will unify its Brazilian banking operations. The new bank, which will merge the local activities of investment bank Dresdner Kleinwort Benson and commercial bank Dresdner Bank Latinamerika, has total assets of around $1.4 billion. In a written statement, Dresdner Bank Brasil president Winston Fritsch said that the bank's strategy will be "to provide a complete range of financial services to clients who have long-term investment and business plans in Brazil." Fritsch said that the bank will be more aggressive in its asset management activities and will expand its work in privatizations, corporate restructurings, mergers and acquisitions, global share offerings and project finance.