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

To: Steve Fancy who wrote (8427)	9/23/1998 1:30:00 AM
From: Steve Fancy	Read Replies (1) \| Respond to of 22640

Closing figures for the Baby Bras on then Bovespa for: 09/22/1998 Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ EMBRATEL PAR ON * EBTP3 10.00 13.00 10.00 13.00 +62.50% 4 21,000,000 EMBRATEL PAR PN * EBTP4 17.00 18.00 16.00 16.00 + 6.66% 82 138,100,000 TELE CL SUL ON * TCSL3 1.00 1.00 1.00 1.00 / 0.00% 3 5,200,000 TELE CL SUL PN * TCSL4 1.80 2.00 1.55 1.71 + 1.18% 56 99,900,000 TELE CTR OES ON * TCOC3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE CTR OES PN * TCOC4 0.47 0.72 0.47 0.62 +55.00% 85 198,700,000 TELE CTR SUL ON * TCSP3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE CTR SUL PN * TCSP4 10.50 11.50 10.50 11.08 +10.57% 64 119,000,000 TELE LEST CL ON * TLCP3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE LEST CL PN * TLCP4 0.60 0.60 0.50 0.54 - 1.81% 70 261,400,000 TELE NORD CL ON * TNEP3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE NORD CL PN * TNEP4 0.55 0.60 0.51 0.58 +13.72% 50 360,700,000 TELE NORT CL ON * TNCP3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE NORT CL PN * TNCP4 0.13 0.40 0.13 0.31 +%158.33% 64 613,200,000 TELE NORT LE ON * TNLP3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE NORT LE PN * TNLP4 15.00 15.00 12.95 14.00 - 6.66% 37 51,400,000 TELE SUDESTE ON * TSEP3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE SUDESTE PN * TSEP4 3.60 3.70 3.40 3.50 + 6.06% 90 176,400,000 TELEMIG PART PN * TMCP4 1.31 1.60 1.25 1.34 + 2.29% 36 89,200,000 TELEMIG PART ON * TMCP3 1.00 1.00 1.00 1.00 = 0.00% 1 13,000,000 TELESP CL PA ON * TSPP3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELESP CL PA PN * TSPP4 7.80 8.50 7.49 8.40 +12.00% 63 147,400,000 TELESP PART ON * TLPP3 13.50 13.50 13.50 13.50 / 0.00% 2 3,000,000 TELESP PART PN * TLPP4 32.00 33.00 27.00 28.00 - 3.44% 172 324,700,000 EMBRATEL PAR PN * EBTP4F 16.00 18.30 16.00 18.30 / 0.00% 2 186,840 EMBRATEL PAR ON * EBTP3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELE CL SUL PN * TCSL4F 1.50 1.64 1.50 1.64 / 0.00% 2 100,000 TELE CTR OES PN * TCOC4F 0.55 0.70 0.55 0.65 / 0.00% 6 192,420 TELE CTR SUL PN * TCSP4F 10.00 10.00 10.00 10.00 / 0.00% 1 93,420 TELE LEST CL PN * TLCP4F 0.50 0.50 0.50 0.50 / 0.00% 1 93,420 TELE NORD CL PN * TNEP4F 0.50 0.50 0.50 0.50 / 0.00% 1 93,420 TELE NORT CL PN * TNCP4F 0.30 0.30 0.30 0.30 / 0.00% 1 93,420 TELE NORT LE PN * TNLP4F 12.00 14.00 12.00 14.00 / 0.00% 2 123,420 TELE SUDESTE PN * TSEP4F 3.30 3.30 3.30 3.30 / 0.00% 1 93,420 TELEMIG PART PN * TMCP4F 1.25 1.25 1.25 1.25 / 0.00% 1 93,420 TELESP CL PA PN * TSPP4F 7.30 8.35 7.30 8.35 / 0.00% 2 186,840 TELESP PART ON * TLPP3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELESP PART PN * TLPP4F 29.00 29.00 27.90 27.90 / 0.00% 2 93,420 Closing figures for other Telebras related symbols: 09/22/1998 Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ TELEBAHIA ON * TEBA3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA PNA* TEBA5 25.20 25.20 21.00 21.99 - 4.34% 10 750,000 TELEBAHIA CL PNB* TBAC6 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA CL PNC* TBAC7 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA CL ON * TBAC3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBR RCTB RPN* RCTB40 85.50 88.00 83.60 84.80 + 1.55% 905 1,745,200,000 TELEBR RCTB RON* RCTB30 52.50 53.00 50.50 52.50 + 3.96% 141 136,700,000 TELEBRAS ON EC TELB3 0.10 0.10 0.10 0.10 / 0.00% 7 40,000,000 TELEBRAS PN EC TELB4 0.11 0.16 0.11 0.16 +60.00% 19 39,400,000 TELEBRASI CL ON * TBRC3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASI CL PNB* TBRC6 45.00 45.01 43.30 43.30 + 0.46% 5 150,000 TELEBRASILIA ON * TBRS3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASILIA PN * TBRS4 88.00 90.00 88.00 88.00 + 3.52% 7 450,000 TELEMIG PND* TMGR8 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG ON * TMGR3 28.00 29.00 27.00 29.00 + 7.44% 17 3,440,000 TELEMIG PNB* TMGR6 36.95 39.00 35.50 37.50 + 1.35% 70 29,270,000 TELEMIG CL PNB* TMGC6 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL PNC* TMGC7 15.10 15.10 12.00 13.00 -16.12% 15 3,450,000 TELEMIG CL ON * TMGC3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL PNE* TMGC11 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEPAR PN * TEPR4 180.00 180.00 170.00 175.00 - 0.57% 38 6,128,000 TELEPAR ON * TEPR3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEPAR CL ON * TPRC3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEPAR CL PNB* TPRC6 70.00 70.00 63.00 69.99 + 2.92% 35 1,239,000 TELERJ ON * TERJ3 30.00 30.00 30.00 30.00 + 7.14% 3 110,000 TELERJ PN * TERJ4 37.00 38.50 36.20 38.50 + 6.94% 308 120,050,000 TELERJ CL PNB* TRJC6 30.00 30.02 25.20 25.35 -11.94% 140 31,970,000 TELERJ CL ON * TRJC3 24.01 24.01 24.01 24.01 -14.25% 1 100,000 TELESP ON * TLSP3 115.00 118.00 113.00 115.00 + 2.67% 60 18,760,000 TELESP PN * TLSP4 175.00 175.00 170.00 174.99 + 4.16% 396 104,070,000 TELESP CL ON * TSPC3 30.00 30.00 29.01 29.16 + 0.55% 8 400,000 TELESP CL PNB* TSPC6 47.50 47.50 46.00 47.00 + 2.15% 161 62,030,000 TELEBR RCTB RON* RCTB30T 53.33 53.34 53.33 53.34 0.00% 2 250,000 TELEBR RCTB RPN* RCTB40T 89.77 89.77 89.76 89.76 0.00% 2 100,000 TELERJ PN * TERJ4T 38.47 38.48 38.47 38.48 0.00% 2 500,000 TELEBAHIA ON * TEBA3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA PNA* TEBA5F 20.02 20.02 20.02 20.02 / 0.00% 1 7,608 TELEBAHIA PNB* TEBA6F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA CL ON * TBAC3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA CL PNB* TBAC6F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBR RCTB RPN* RCTB40F 85.50 87.50 83.01 83.01 / 0.00% 56 1,509,796 TELEBR RCTB RON* RCTB30F 52.50 52.50 50.02 51.99 / 0.00% 32 812,702 TELEBRAS PN EC TELB4F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASI CL ON TBRC3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASI CL PNB* TBRC6F 42.00 42.00 42.00 42.00 / 0.00% 1 3,645 TELEBRASILIA ON * TBRS3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASILIA PN * TBRS4F 85.00 88.00 85.00 88.00 / 0.00% 2 8,507 TELEMIG PND* TMGR8F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG PNB* TMGR6F 35.16 36.50 34.70 36.50 / 0.00% 6 15,272 TELEMIG ON * TMGR3F 25.00 27.98 25.00 27.98 / 0.00% 3 11,104 TELEMIG PNA* TMGR5F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL PNC* TMGC7F 13.50 13.50 13.00 13.00 / 0.00% 6 21,415 TELEMIG CL PNB* TMGC6F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL ON * TMGC3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL PNE* TMGC11F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEPAR PN * TEPR4F 178.00 178.00 165.01 165.01 / 0.00% 9 1,324 TELEPAR ON * TEPR3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEPAR CL ON * TPRC3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEPAR CL PNB* TPRC6F 70.00 70.00 60.02 65.00 / 0.00% 8 2,634 TELERJ ON * TERJ3F 29.00 29.04 27.03 29.04 / 0.00% 9 18,445 TELERJ PN * TERJ4F 37.00 37.50 36.01 37.50 / 0.00% 30 120,351 TELERJ CL PNB* TRJC6F 28.85 29.01 25.05 26.01 / 0.00% 33 103,937 TELERJ CL ON * TRJC3F 23.12 23.12 23.11 23.11 / 0.00% 7 17,518 TELESP ON * TLSP3F 113.00 115.00 112.00 112.00 / 0.00% 6 32,866 TELESP PN * TLSP4F 177.00 177.00 169.01 172.11 / 0.00% 43 143,361 TELESP CL PNB* TSPC6F 47.00 47.05 45.00 46.00 / 0.00% 17 66,142 TELESP CL ON * TSPC3F 30.00 30.00 27.00 28.50 / 0.00% 6 19,035

To: Steve Fancy who wrote (8427)	9/23/1998 10:04:00 AM
From: Madharry	Respond to of 22640

Two interesting articles in WSJ on tuesday. One intimates that the Latin American crisis was caused by leveraged funds who speculated in Russian Debt and Equity and then were forced to sell the more liquid investments to cover their positions. This in turn cause latin America to become overwhelmed with selling. at the same time nervous executives were walking around the trading floor of the large investment houses telling people not to be heroes and to place offers 10-15% below the previous sale rather than 2-3% less as is normal. Makes me better understand why telebras went to 46 and unibanco to 7. The other article lists a number of companies expected to weather LA economic problems no matter what. On the list TELESP fixed lines which has cash in excess of liabilities.(according to the article, can anyone verify this?) Also mentioned that Brazil cellular companies can raise prices next year.

To: Steve Fancy who wrote (8427)	9/23/1998 10:05:00 AM
From: Madharry	Read Replies (1) \| Respond to of 22640

Two interesting articles in WSJ on tuesday. One intimates that the Latin American crisis was caused by leveraged funds who speculated in Russian Debt and Equity and then were forced to sell the more liquid investments to cover their positions. This in turn cause latin America to become overwhelmed with selling. at the same time nervous executives were walking around the trading floor of the large investment houses telling people not to be heroes and to place offers 10-15% below the previous sale rather than 2-3% less as is normal. Makes me better understand why telebras went to 46 and unibanco to 7. The other article lists a number of companies expected to weather LA economic problems no matter what. OPn the list TELESP fixed lines which has cash in excess of liabilities.(according to the article, can anyone verify this?)