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

To: Tom Piersanti who wrote (6871)	8/19/1998 9:21:00 PM
From: CuttotheCore	Read Replies (1) \| Respond to of 22640

Tom, recollection from an earlier post was the ericsson already had a majority interest, and is now buying non-voting shares up to either 80 or 90%. Its as if the recent privatization purchasers decided to go into the mkt and buy up another 30-40% of the babybras. Perfectly logical reaction in the present climate when a foreign entity with cash comes into the mkt to buyback stock at a premium. Don't think it strange at all, thought depressing. Certainly hope Fred Levine will post something ridiculously optimistic just for the psychological pop!!!