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

To: wl9839 who wrote (12240)	1/22/1999 11:09:00 AM
From: Steve Fancy	Respond to of 22640

Warren, hasn't dropped off my radar screen. This could be the next disaster but I think Cardoso has enough support to handle this. Story yesterday reiterated the governments position that they will not renegotiate states debt. This comment from an analyst yesterday struck me...although I don't know about Sun. "So many investors were burned in Latin America, they don't want to come here anymore," he explains. "My clients ask me: 'Why are you investing in Mexican banks instead of Sun Microsystems?' Frankly, it is a hard question to answer." sf

To: wl9839 who wrote (12240)	1/22/1999 11:44:00 AM
From: Bob Howarth	Read Replies (1) \| Respond to of 22640

Love it. These states won't be able to borrow money anywhere at all. Talk about winning a battle (at least on the surface) but losing the war. What will these states do for credit? When the smoke clears, these states are going to have to restructure one way or another to bring down their costs. Whereas before they probably could have gotten some help from the Feds, although not as much as they wanted, now they are going to get absolutely no help at all. The state governor popularity will then completely plummet.