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 (11203)	1/5/1999 4:37:00 PM
From: Steve Fancy	Respond to of 22640

(UPDATE) Lucent Lands $300.7 Million Supply Pact From Brazilian Carrier Dow Jones Online News, Tuesday, January 05, 1999 at 14:53 NEW YORK -(Dow Jones)- As the battle to equip newly-privatized Brazilian telecommunications companies heats up, Lucent Technologies Inc. announced Tuesday that it won a 363 million real ($300.7 million) supply pact with Telesp Celular. The contract calls for the expansion and substitution of both analog and digital networks in Brazil's most populous metropolitan area of Sao Paulo. By the end of June, Lucent said it will install about 400 new cell sites in Sao Paulo state, with 70% of those expected before the end of April. Lucent will use code division multiple access, or CDMA, technology in the implementation of the digital networks. The deal announced Tuesday is the second contract awarded by Telesp Celular to Lucent in the past 60 days. The earlier contract, worth 65 million reals, was for the expansion and digitalization of the cellular network in the industrial Sao Paulo suburb of Osasco. Lucent installed 29 new cell sites as part of the project. In December, Lucent inaugurated a $60 million plant in Brazil. The factory, Lucent's first manufacturing facility outside the U.S., has an initial capacity to produce 1,650 cell sites per year. The company said last month that it plans to invest another $10 million in 1999 to meet local market demand, with medium range plans also calling for the construction of a new $30 million fiber optics plant. Lucent Technologies, whose global revenue totaled about $30 billion last year, has 62 factories in 23 countries, employing some 137,000 workers. Telesp Celular was acquired by Portugal Telecom SA in July as part of the privatization of federal holding Telecomunicacoes Brasileiras SA, known as Telebras. The Sao Paulo-based company operates 1.7 million cellular lines throughout the state, making it the largest cellular network in Latin America, Lucent said in the statement. Copyright (c) 1999 Dow Jones & Company, Inc. All Rights Reserved.

To: Steve Fancy who wrote (11203)	1/5/1999 4:46:00 PM
From: Steve Fancy	Read Replies (3) \| Respond to of 22640

Bob Pisoni of CNBC commenting on odd trading...I don't buy it...he seemed to suggest this volume had something to do with the Lucent contract with TCP. He said heavy volume on all the babies...not true...whatever this was hit only four babies and TCP WAS NOT one of them. Volume was slim on all babies all day...this handful of wierd trades in the last 30 minutes took the volume from next to nothing to... TSP...8,225,100 TSD...5,028,200 TSU...2,056,000 TND...1,017,700 after this rash of blocks was done, volume hardly budged the rest of the day. And again, my broker suggested these were cash trades. AM I ON DRUGS? What in the heck happened? Can't find any reasonable explanation, or even anyone talking about it. sf