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

To: MGV who wrote (7630)	9/7/1998 6:59:00 PM
From: RockyBalboa	Respond to of 22640

Fundamentals: Q numbers are still missing. In an early news release in August, Telebras pointed out that the Q numbers will not be reported, as the company has been split up. Numbers for each company will be out presumably when the listing of the new companies will occur. Are there any estimates out on the streets? Christian

To: MGV who wrote (7630)	9/7/1998 7:04:00 PM
From: Steve Fancy	Respond to of 22640

The sum-of-the parts will almost surely be greater than the whole...not to mention that as they split, index exposure is likely to be eliminated for all but Telesp, and this will hopefully be reduced significantly. I believe the split and accompaning earnings reports and strategic statements from the buyers may brighten the spotlight. It will likely be a while before cumulatively we see $127 again, but I don't expect it to trade below 75 for very long. sf