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

To: Steve Fancy who wrote (9582)	11/10/1998 11:13:00 PM
From: Steve Fancy	Respond to of 22640

Brazil gov't to focus on pension decrees Reuters, Tuesday, November 10, 1998 at 18:43 But government officials are still unclear how to proceed with a bill raising the tax, Arruda said. As a constitutional amendment, the bill would require two three-fifths majorities in each house of Congress, a lengthy procedure which could delay introduction of the new, higher rate. An existing version of the CPMF is due to run out in January 1999. william.schomberg@reuters.com)) Copyright 1998, Reuters News Service

To: Steve Fancy who wrote (9582)	11/10/1998 11:14:00 PM
From: Steve Fancy	Respond to of 22640

Gallup starts in Brazil,but no political polls yet Reuters, Tuesday, November 10, 1998 at 20:00 SAO PAULO, Nov 10 (Reuters) - Leading U.S. pollster Gallup Organization launched its Brazilian services on Tuesday, but said it will not yet venture into political polling in Latin America's largest democracy. James Clifton, Gallup president and chief executive, told reporters at a launching ceremony that Brazilian media have not yet shown a willingness to pay for political polls, which would guarantee their independence. "What is extremely wrong in Brazil is that funding is convoluted," Clifton said. "In a democracy, journalism should be funding the polls, not special interest groups." Clifton said Brazilian political parties are funding election polls carried out by local pollsters and distributed mostly in newspapers and on television. "Until somebody straightens that out, we will not have the advantage of accurately interpreting the will of the electorate," Clifton added. Gallup hopes to link up with a local media partner willing to pay for its polls by late 2000, when Brazil holds its municipal elections. Gallup, which conducts opinion polls in 26 countries, will first gear its services to help foreign and local companies market their products in Brazil, the world's eighth largest economy. It also hopes to launch an "omnibus poll" next year, surveying 2000 people across Brazil on their consumption habits. Gallup's main competitors will be IBOPE, Datafolha, the polling arm of local newspaper Folha de S. Paulo, Brasmarket and Vox Populi. noriko.yamaguchi@reuters.com)) Copyright 1998, Reuters News Service

To: Steve Fancy who wrote (9582)	11/10/1998 11:16:00 PM
From: Steve Fancy	Respond to of 22640

U.S. Sen says Congress to support Brazil aid plan Reuters, Tuesday, November 10, 1998 at 22:15 By Phil Stewart BRASILIA, Nov 10 (Reuters) - U.S. contributions to a multibillion-dollar rescue package for crisis-torn Brazil should win support in the U.S. Congress, a senior U.S. Democratic senator said on Tuesday. Sen. Joseph Lieberman, on a two-day visit to Brazil, told reporters that President Bill Clinton was ready to loan Brazil sorely needed funds to help keep its economy afloat and prevent a global financial slowdown. "There are two places in the world where we want to kind of draw the line, one of them is Japan and the other is here," he said. The Connecticut lawmaker said that Congress would respect the Clinton administration's plans to dip into a special Treasury-controlled fund called the Exchange Stabilization Fund to help pay its share of the Brazilian aid package. Use of the fund, which can be tapped by the administration without Congressional approval, was sharply criticized by lawmakers when it was employed to orchestrate Mexico's bailout package some three years ago. "It was quite controversial then, there was a lot of criticism from Congress," Lieberman said, referring to the Mexican bailout. "But because of both the confidence in the leadership here in Brazil and also because we saw how well it worked in Mexico... this is different." Brazil is expected hammer out a loan agreement this week with the International Monetary Fund, which should pull together between $30 billion and $45 billion in loans from global lending agencies and the world's industrial nations. Lieberman, who referred to the "imminence" of the loan agreement, said he was encouraged by Brazil's commitment to swallow harsh fiscal reforms during his his meetings with Brazilian President Fernando Henrique Cardoso and his top cabinet officials. "These are a very able, committed people," he said. "I have great confidence (Brazil's) Congress will understand the seriousness of the situation and that the IMF support, in that sense, might never have to be used and would work as a kind of psychological insurance policy." The Democratic lawmaker also said Brazil's ongoing financial turmoil may actually boost support in Congress to give President Clinton "fast-track" trade negotiating authority, which is seen as crucial for the U.S. to strengthen trade ties with Latin America. "It may be that one of the positive results of the economic troubles here now is that there will be a greater appreciation of the importance of our relationship with Brazil and that it has to grow," he said. Lieberman, who was scheduled to leave Brazil late Tuesday to attend a climate-change summit in Argentina, said the Clinton administration would likely present its case for fast-track to Congress early next year. "It's not going to be easy, but I believe that we're going to pass it," he said. The U.S. currently sends 20 percent of its exports to Latin America and holds $37 billion in foreign direct investment in Brazil. Copyright 1998, Reuters News Service

To: Steve Fancy who wrote (9582)	11/10/1998 11:19:00 PM
From: Madharry	Read Replies (2) \| Respond to of 22640

No Steve I really don't know. I also don't think the stock has been responding to to anything fundamental other than Is Brazil going to tank or not. BTW that article that was taken from the Asian thread. DOes that writer have any credibility at all? It seemed like a highly biased inflammatory article. I wonder what the foreign debt of the US is? and that compares to that of Brazil. I think we just go around saying that our foreign debt doesn't count that we are the world's currency . Well that does not last forever either. It may well be that twenty years from now when people talk about bubbles the bubble of 1998 will turn out to be that of US long term bonds!

To: Steve Fancy who wrote (9582)	11/10/1998 11:23:00 PM
From: Steve Fancy	Read Replies (5) \| Respond to of 22640

Closing figures for the Baby Bras Preferred shares on the Bovespa for: 11/10/1998 ******* The 12 Baby Bra preferred shares represent the Bovespa close at 3:00...NYSE close may be different Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ EMBRATEL PAR PN * EBTP4 19.00 19.50 18.30 18.50 - 5.12% 297 438,800,000 TELE CL SUL PN * TCSL4 1.60 1.70 1.60 1.63 = 0.00% 175 596,600,000 TELE CTR OES PN * TCOC4 1.00 1.09 1.00 1.00 + 1.01% 189 1,121,000,000 TELE CTR SUL PN * TCSP4 11.15 11.30 10.50 10.70 - 4.12% 223 404,600,000 TELE LEST CL PN * TLCP4 0.60 0.62 0.58 0.62 = 0.00% 139 440,100,000 TELE NORD CL PN * TNEP4 0.77 0.87 0.77 0.86 + 7.50% 204 1,595,000,000 TELE NORT CL PN * TNCP4 0.35 0.36 0.34 0.34 = 0.00% 136 582,300,000 TELE NORT LE PN * TNLP4 17.21 18.70 17.21 18.60 + 2.19% 190 430,800,000 TELE SUDESTE PN * TSEP4 5.80 5.90 5.75 5.76 - 4.00% 183 588,700,000 TELEMIG PART PN * TMCP4 1.40 1.44 1.39 1.42 = 0.00% 150 530,300,000 TELESP CL PA PN * TSPP4 10.20 10.50 9.89 10.50 + 2.94% 258 555,400,000 TELESP PART PN * TLPP4 33.00 33.00 31.30 32.30 - 4.15% 227 473,100,000 ------ R$102.23 R$102.23 / 1.1911 = US$ 85.83 Closing figures for the Baby Bras Common shares on the Bovespa for: 11/10/1998 These shares trade only in Brazil (Control or Voting shares), will not match up to US ADR Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ EMBRATEL PAR ON * EBTP3 10.80 11.51 10.80 11.50 + 1.76% 33 111,800,000 TELE CL SUL ON * TCSL3 0.85 0.86 0.83 0.83 - 5.68% 28 48,000,000 TELE CTR OES ON * TCOC3 0.67 0.68 0.67 0.67 - 2.89% 20 46,000,000 TELE CTR SUL ON * TCSP3 6.30 6.80 6.30 6.51 + 0.15% 27 62,400,000 TELE LEST CL ON * TLCP3 0.36 0.39 0.36 0.38 + 2.70% 28 170,600,000 TELE NORD CL ON * TNEP3 0.47 0.52 0.47 0.50 + 2.04% 50 169,300,000 TELE NORT CL ON * TNCP3 0.25 0.26 0.24 0.24 - 4.00% 27 126,000,000 TELE NORT LE ON * TNLP3 8.80 9.30 8.70 9.30 + 1.63% 27 52,000,000 TELE SUDESTE ON * TSEP3 2.95 3.00 2.95 2.97 - 1.00% 28 49,300,000 TELEMIG PART ON * TMCP3 0.82 0.85 0.82 0.85 = 0.00% 23 46,000,000 TELESP CL PA ON * TSPP3 5.80 6.15 5.80 6.00 - 3.38% 22 48,500,000 TELESP PART ON * TLPP3 26.00 26.00 22.50 22.69 -14.37% 39 64,600,000 Closing figures for Telebras receipts on the Bovespa for: 11/10/1998 These symbols are kind of the US TBH equivalent without the crazy premium. I believe the first two are the normal receipts, don't know about rest...anyone? Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ TELEBR RCTB RON* RCTB30 62.00 62.50 60.80 61.70 - 3.59% 186 198,600,000 TELEBR RCTB RPN* RCTB40 102.50 102.50 100.00 101.00 - 2.41% 921 1,713,000,000 TELEBR RCTB RON* RCTB30T 63.43 63.44 63.43 63.44 0.00% 2 10,000,000 TELEBR RCTB RPN* RCTB40T 103.35 104.88 103.35 103.86 0.00% 6 30,146,768 RCTB RPN* RCTBL18 17.00 17.30 15.60 15.80 -14.59% 19 47,000,000 RCTB RPN* RCTBL3 10.20 11.00 9.20 9.40 -16.07% 209 529,000,000 RCTB RPN* RCTBL30 24.50 24.60 24.50 24.60 -15.75% 3 3,000,000 RCTB RPN* RCTBL4 5.60 5.90 4.60 4.70 -22.95% 1386 3,055,000,000 RCTB RPN* RCTBL5 2.50 2.70 1.90 2.00 -28.57% 1479 3,176,000,000 RCTB RPN* RCTBL6 1.05 1.10 0.80 0.80 -33.33% 241 502,100,000 TELEBR RCTB RON* RCTB30F 61.01 62.00 60.61 61.50 - 3.90% 48 976,173 TELEBR RCTB RPN* RCTB40F 101.50 101.99 99.00 100.01 - 3.37% 51 797,843 Closing figures for other Baby Bra related symbols on the Bovespa for: 11/10/1998 Have no idea what these are...options? Anyone know or want to help figure it out? Company Type Symbol OPEN HIGH LOW CLOSE CHG TRADES $ VOLUME ======= ==== ====== ===== ===== ===== ===== ===== ====== ============ TELESP PART PN * TLPP4T 32.24 32.75 32.23 32.75 0.00% 4 11,000,000 EMBRATEL PAR ON * EBTP3F 10.00 10.00 10.00 10.00 -11.50% 3 33,700 EMBRATEL PAR PN * EBTP4F 19.00 19.00 18.51 18.51 - 5.07% 4 134,494 TELE CL SUL ON * TCSL3F 0.77 0.77 0.77 0.77 - 7.22% 1 33,700 TELE CL SUL PN * TCSL4F 1.55 1.55 1.55 1.55 - 4.90% 1 51,494 TELE CTR OES ON * TCOC3F 0.63 0.63 0.63 0.63 - 8.69% 1 33,700 TELE CTR OES PN * TCOC4F 1.02 1.02 1.00 1.00 + 1.01% 4 161,494 TELE CTR SUL ON * TCSP3F 5.68 5.68 5.68 5.68 -12.61% 1 33,700 TELE CTR SUL PN * TCSP4F 11.01 11.20 10.51 10.51 - 5.82% 8 178,646 TELE LEST CL ON * TLCP3F 0.33 0.33 0.33 0.33 -10.81% 1 33,700 TELE LEST CL PN * TLCP4F 0.59 0.59 0.59 0.59 - 4.83% 1 51,494 TELE NORD CL ON * TNEP3F 0.43 0.43 0.43 0.43 -12.24% 1 33,700 TELE NORD CL PN * TNEP4F 0.81 0.81 0.81 0.81 + 1.25% 1 51,494 TELE NORT CL ON * TNCP3F 0.24 0.24 0.24 0.24 + 4.34% 1 33,700 TELE NORT CL PN * TNCP4F 0.34 0.34 0.34 0.34 = 0.00% 1 51,494 TELE NORT LE ON * TNLP3F 8.99 9.00 8.99 9.00 - 1.63% 2 53,700 TELE NORT LE PN * TNLP4F 18.50 18.50 16.80 16.80 - 7.69% 3 68,301 TELE SUDESTE ON * TSEP3F 2.81 2.81 2.81 2.81 - 6.33% 1 33,700 TELE SUDESTE PN * TSEP4F 5.52 5.52 5.52 5.52 - 8.00% 1 51,494 TELEMIG PART ON * TMCP3F 0.81 0.81 0.81 0.81 - 4.70% 1 33,700 TELEMIG PART PN * TMCP4F 1.37 1.37 1.37 1.37 - 3.52% 1 51,494 TELESP CL PA ON * TSPP3F 5.61 5.61 5.61 5.61 - 9.66% 1 33,700 TELESP CL PA PN * TSPP4F 10.02 11.00 9.72 11.00 + 7.84% 5 291,494 TELESP PART ON * TLPP3F 24.00 24.00 22.71 22.71 -14.30% 2 50,080 TELESP PART PN * TLPP4F 32.30 33.00 32.30 33.00 - 2.07% 2 46,000 Closing figures for other Telebras related symbols on the Bovespa: 11/10/1998 These symbols are for the 52 individual companies, no match to anything, provided FWIW. 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 27.50 29.90 27.00 29.90 + 6.78% 16 2,010,000 TELEBAHIA PNB* TEBA6 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 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 TELEBRAS ON * TELB3 0.09 0.10 0.08 0.08 -11.11% 68 1,150,100,000 TELEBRAS PN * TELB4 0.13 0.14 0.13 0.13 = 0.00% 111 370,700,000 TELEBRASI CL ON * TBRC3 51.00 51.00 51.00 51.00 - 8.92% 1 50,000 TELEBRASI CL PNB* TBRC6 62.00 62.00 62.00 62.00 - 8.82% 2 60,000 TELEBRASILIA ON * TBRS3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASILIA PN * TBRS4 105.50 110.00 105.50 108.00 = 0.00% 4 100,000 TELEMIG ON * TMGR3 24.00 24.00 23.99 23.99 - 4.04% 2 50,000 TELEMIG PNB* TMGR6 40.50 42.00 40.00 41.05 - 0.12% 24 24,920,000 TELEMIG PND* TMGR8 35.00 35.00 35.00 35.00 - 5.40% 1 10,000 TELEMIG CL PNE* TMGC11 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL ON * TMGC3 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL PNB* TMGC6 10.00 10.00 10.00 10.00 = 0.00% 2 70,000 TELEMIG CL PNC* TMGC7 16.40 16.50 16.00 16.00 - 3.08% 23 11,490,000 TELEPAR ON * TEPR3 105.10 105.10 105.10 105.10 - 0.37% 1 50,000 TELEPAR PN * TEPR4 236.00 236.00 230.00 231.50 - 1.48% 43 6,403,000 TELEPAR CL ON * TPRC3 39.00 39.00 39.00 39.00 -22.00% 3 150,000 TELEPAR CL PNB* TPRC6 66.00 66.00 63.50 64.00 - 1.53% 18 10,736,000 TELERJ ON * TERJ3 24.90 24.90 24.90 24.90 - 2.35% 4 100,000 TELERJ PN * TERJ4 42.00 44.50 41.80 44.50 + 1.83% 170 56,020,000 TELERJ CL ON * TRJC3 25.89 25.89 24.00 24.00 -11.07% 4 40,000 TELERJ CL PNB* TRJC6 44.51 44.51 43.00 43.00 - 6.50% 34 9,400,000 TELESP ON * TLSP3 143.00 144.00 142.00 142.00 - 3.40% 13 510,000 TELESP PN * TLSP4 211.00 213.00 208.99 211.00 - 2.31% 251 60,540,000 TELESP CL ON * TSPC3 36.00 36.00 35.00 36.00 - 2.70% 42 15,960,000 TELESP CL PNB* TSPC6 64.00 65.50 64.00 64.60 - 2.12% 77 21,120,000 TELEMIG PNB* TMGR6T 42.84 42.84 42.78 42.79 0.00% 4 11,830,000 TELEBAHIA ON * TEBA3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBAHIA PNA* TEBA5F 27.00 27.00 26.50 26.50 - 1.85% 2 3,683 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 TELEBRAS ON * TELB3F 0.08 0.08 0.08 0.08 = 0.00% 1 33,700 TELEBRAS PN * TELB4F 0.12 0.12 0.12 0.12 - 7.69% 1 51,494 TELEBRASI CL ON * TBRC3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASI CL PNB* TBRC6F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASILIA ON * TBRS3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEBRASILIA PN * TBRS4F 105.00 110.00 105.00 105.00 - 2.77% 3 6,407 TELEMIG ON * TMGR3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG PNA* TMGR5F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG PNB* TMGR6F 40.50 40.50 40.01 40.01 - 2.65% 4 6,398 TELEMIG PND* TMGR8F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL ON * TMGC3F 12.80 12.80 12.80 12.80 +14.28% 1 6,334 TELEMIG CL PNB* TMGC6F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEMIG CL PNC* TMGC7F 16.00 16.00 15.50 15.50 - 6.11% 2 6,334 TELEPAR ON * TEPR3F 106.00 106.00 105.50 105.50 = 0.00% 2 1,004 TELEPAR PN * TEPR4F 231.00 231.00 227.01 228.00 - 2.97% 7 1,674 TELEPAR CL ON * TPRC3F 0.00 0.00 0.00 0.00 / 0.00% 0 0 TELEPAR CL PNB* TPRC6F 62.02 63.50 62.02 62.02 - 4.58% 9 2,345 TELERJ ON * TERJ3F 23.00 24.00 23.00 24.00 - 2.51% 4 18,237 TELERJ PN * TERJ4F 41.80 43.00 41.01 42.11 - 3.63% 13 37,232 TELERJ CL ON * TRJC3F 25.70 25.70 24.50 24.50 - 9.22% 3 7,891 TELERJ CL PNB* TRJC6F 42.55 44.00 42.51 43.50 - 5.41% 10 16,054 TELESP ON * TLSP3F 140.00 143.00 140.00 142.01 - 3.39% 14 37,772 TELESP PN * TLSP4F 210.00 212.00 208.00 210.01 - 2.77% 31 109,766 TELESP CL ON * TSPC3F 35.00 35.00 34.50 34.50 - 6.75% 10 36,206 TELESP CL PNB* TSPC6F 64.00 65.00 62.00 64.51 - 2.25% 21 67,914