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

To: Steve Fancy who wrote (8805)	10/4/1998 10:46:00 PM
From: jayray	Read Replies (3) \| Respond to of 22640

FHC leads the Presidential race! At 9:00 pm Rio time, 8:00 pm EDST, with 39.92% of the vote reported, according to O Globo, FHC has 50.89% of the total votes cast for Presidential candidates. Under Brasilian law the winner must have a majority of all votes cast (50% plus 1) for Presidential candidates. Blank, abstain, and null votes do not count. If there is no winner, then a second “round” will be held in early November. Fernando Henrique 14.668.094 or 50,89% Lula 9.874.298 or 34,26% Ciro Gomes 3.364.400 or 11,67% Nulos (Null or voided votes) 3.689.863 Brancos (Blank) 1.357.625 Abstenção (Abstain) 7.837.461 Given the high number of “Null”, or voided votes, enough to deny HFC the needed 50%, I would anticipate a challenge from Lula claiming that many of his people were disenfranchised at the polls by having their vote voided