Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Steve Fancy who wrote (9187)	10/27/1998 1:41:00 PM
From: Steve Fancy	Respond to of 22640

Brazil says fiscal plan won't alter forex policy Reuters, Tuesday, October 27, 1998 at 13:18 BRASILIA, Oct 27 (Reuters) - A Brazilian fiscal savings plan to be announced soon will not include changes to the country's foreign exchange policy, contrary to rumors on financial markets, a Central Bank director said Tuesday. "There is no possibility of changes in foreign exchange policy," Demosthenes Madureira de Pinho Neto, the bank's director of international affairs, said in a statement. Copyright 1998, Reuters News Service

To: Steve Fancy who wrote (9187)	10/27/1998 1:43:00 PM
From: Steve Fancy	Read Replies (4) \| Respond to of 22640

(UPDATE) Lucent Wins Telefonica Pact To Build Wireless Networks In Brazil Dow Jones Online News, Tuesday, October 27, 1998 at 11:45 SAO PAULO -(Dow Jones)- Lucent Technologies Inc. Tuesday said it was awarded a contract by Spain's Telefonica SA to build wireless networks based on code division multiple access, or CDMA, technology in the Brazilian states of Rio de Janeiro and Sergipe. Financial terms weren't disclosed. The pact comes about three months after Telefonica (TEF) successfully bid for the rights to provide wireless services in the two states following the Brazilian government's privatization of Telecomunicacoes Brasileiras SA, or Telebras. Lucent (LU), one of the world's leading manufacturers of telecommunications equipment, last week reported a stronger-than-expected 48% jump in profit, to $545 million before items, for the third quarter on a 22% revenue increase that stemmed in part from robust sales of wireless systems and switching equipment in international markets. The growth came as Lucent benefited from a string of acquisitions in the last few years aimed at bolstering its arsenal of data-networking products. Those deals included the April purchase of Yurie Systems, a small but fast-growing networking firm, for $1 billion, and last year's purchases of Octel Communications Corp., Prominent Corp. and Livingston Enterprises Inc. The voice and data-networking industries are rapidly converging as companies race to develop gear that can handle voice, video and data simultaneously. Lucent is broadening its line of data-networking products in order to help telephone companies manage the exploding streams of data, voice and video traffic traversing their networks. Its primary rival, Cisco Systems Inc. (CSCO), is going after those same customers with its own line of routers, switches and other data-networking gear. Copyright (c) 1998 Dow Jones & Company, Inc. All Rights Reserved.