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

To: Steve Fancy who wrote (11844)	1/15/1999 3:10:00 PM
From: Bruce Cullen	Read Replies (1) \| Respond to of 22640

Demand for these services in Brazil remain strong and the fundamental underlying foundation for growth is surely in Brazil for the telecom market. Expecting great continued demand in this region and this sector. Watching (CERS) (CKFR) (ODIS) (WTLK) as buys! Bruce Cullen Sherwood Coast's Group Pres. geocities.com Visit my work--> upgrade downgrade page on Investorsalley.com here.. 207.126.100.201 NEW FAST SERVER! We are ready when you are. Links to helpful information for investors. Good luck tomorrow friends, I expect a strong NASDAQ Rally. (Always an opinion)

To: Steve Fancy who wrote (11844)	1/15/1999 3:11:00 PM
From: Steve Fancy	Respond to of 22640

Brazil real devalues 7.7 pct to close at 1.43/dlr Reuters, Friday, January 15, 1999 at 14:53 SAO PAULO, Jan 15 (Reuters) - Brazil's currency devalued a further 7.7 percent on Friday, closing at 1.43 reais to the dollar after the trading band was lifted and the currency allowed to float freely, traders said. Shortly after the Central Bank announced the change in its foreign exchange policy early Friday, the real tumbled to 1.58 reais to the dollar from 1.32 reais late Thursday before clawing back gradually during the day. "With markets soaring, investors' fears over the outcome of the Central Bank move eased, and the currency came back stronger," a forex trader said. The Bovespa stock index was trading up more than 30 percent in the afternoon Friday on hopes the latest devaluation would enable the government to bring soaring interest rates down even sooner. If the currency is allowed to continue floating or if a more generous trading band is established, the exchange rate itself will respond to market pressures and the Central Bank won't have to maintain high interest rates to lure investors, analysts said. The real has devalued 15.3 percent in the commercial market since the Central Bank implemented a wide trading band on Wednesday, allowing the real to plunge an initial 8.2 percent against the dollar. The currency weakened 12 percent to 1.5 reais against the dollar and in the floating market it weakened 11 percent to 1.55 reais against the dollar in the parallel market. shasta.darlington@reuters.com)) Copyright 1999, Reuters News Service

To: Steve Fancy who wrote (11844)	1/15/1999 3:14:00 PM
From: Steve Fancy	Respond to of 22640

Interesting, seems that at the moment we're just over the 15% most analysts claimed. sf

To: Steve Fancy who wrote (11844)	1/15/1999 3:18:00 PM
From: Steve Fancy	Respond to of 22640

Brazil float "wise move" to halt dollar flight-IMF Reuters, Friday, January 15, 1999 at 14:45 WASHINGTON, Jan 15 (Reuters) - The International Monetary Fund backed Brazil's decision to float its currency, the real, on Friday, describing it as a wise move which could stem the flood of dollars from the country. "It appears to be a wise move to stop the loss of reserves," an IMF spokesman said. The spokesman said the IMF had been informed in advance about Brazil's decision to stop intervening in the foreign exchange market. A previous statement, issued when the Brazilian central bank widened the real's trading band in what amounted to the first stage of the country's two-stage devaluation, said only that Brazil had informed the IMF of the change and analysts said the fund was annoyed at the lack of consultation. The spokesman confirmed that Brazilian Finance Minister Pedro Malan and central bank chief Francisco Lopes would visit Washington for talks with IMF management this weekend. "The next set of contacts between Brazil and the IMF will be in Washington and, for the time being, there are no plans for our staff to travel to Brazil," he said. washington.economic.newsroom@reuters.com)) Copyright 1999, Reuters News Service