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

To: Steve Fancy who wrote (8803)	10/4/1998 7:54:00 PM
From: Steve Fancy	Respond to of 22640

BRAZIL-ELECTION-RESULTS =2 BRASILIA Reuters, Sunday, October 04, 1998 at 18:42 Cardoso needs a majority of valid votes to win the election outright in Sunday's first round. An independent exit poll released earlier on Sunday said Cardoso was comfortably ahead with 56 percent of valid votes. According to the preliminary official figures from the TSE, left-wing candidate Luiz Inacio Lula da Silva pulled 37.14 percent of valid votes, higher than the 29 percent he was given in the exit poll. Cardoso is seeking to become Brazil's first re-elected president. The 67-year-old social democrat convinced Congress last year to reverse a ban on holders of executive office from serving two consecutive terms. He is favored to win the elections, mostly because of the popularity of an anti-inflation plan he introduced while finance minister in 1994 and which is now threatened by a major economic crisis. Copyright 1998, Reuters News Service

To: Steve Fancy who wrote (8803)	10/4/1998 7:57:00 PM
From: Steve Fancy	Read Replies (2) \| Respond to of 22640

Brazil's Cardoso Has 50.5% Votes - Official, 11% Tallied Dow Jones Newswires BRASILIA -- With 11% of the vote in, Brazil's President Fernando Henrique Cardoso has just over half of the votes in the presidential election, giving him a first round win, the Electoral Court said Sunday. Cardoso has 50.5% of the valid votes, below the 56% calculated in the Ibope exit poll released after voting ended at 2000 GMT. Analysts consider exit polls to be more representative than early results. Runner-up Luiz Inacio Lula da Silva of the leftist Workers' Party (PT) had 35.3% of the votes already tallied at 2305 GMT. Ibope's poll said Lula had 29% of the votes. An Electoral Court official told Dow Jones Newswires that no reliable trend in the voting results is expected before midnight local time, or 0300 GMT Monday. He said that voting was still taking place in some states because of problems with the electronic voting system. -By William Vanvolsen; +55-11-813-1988