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

To: md1derful who wrote (15245)	5/12/1999 1:13:00 PM
From: wl9839	Read Replies (1) \| Respond to of 22640

Alcatel Brazil Unit Signs Supply Pact With Tele Norte Leste Dow Jones Newswires SAO PAULO -- Alcatel Telecomunicacoes SA, the Brazilian unit of French telecommunications technology giant Alcatel SA (ALA), on Wednesday announced it has signed a 31.5 million real ($1=BRR1.664) supply contract with Brazil's Tele Norte Leste Participacoes SA (TNE). In a written statement, Alcatel said it will supply backbone system for Tele Norte Leste, better known by the brand name Telemar. The system will be delivered by the middle of August and will link Telemar telephone centers in 13 states, handling all transport of voice and data. Alcatel said the system will have the capacity to handle half a million calls simultaneously. "Our international know-how in the transmission segment will guarantee that we can assume the entire management and maintenance of the network and our capacity to integrate various technologies was decisive in winning this contract," Alcatel president Jean Francoise Fille said in a written statement. Tele Norte Leste is one of three fixed-line companies created last year in preparation for the privatization of former Brazilian telecommunications holding Telecomunicacoes Brasileiras SA (TBR), or Telebras. It serves Brazil's northern and eastern states, including the heavily populated states of Rio de Janeiro and Minas Gerais. Earlier this week, Tele Norte Leste announced a first quarter net profit of BRR221.3 million, up from BRR141.8 million in the same period in 1998. -By Kieran Gartlan; (5511) 813-1988; kgartlan@ap.org

To: md1derful who wrote (15245)	5/12/1999 9:11:00 PM
From: wl9839	Read Replies (4) \| Respond to of 22640

I received a new research report from Bear Stearns today (dated 5/11) on UBB. The gist of the report was although they were "pleasandtly surprised" by the first quarter results and the lessening Brazil risk, they were maintaining their "neutral" rating on the stock. In addition, they raised their 2000 estimate of $15 in March to $29-$30 in June 2000. Not alot of room for appreciation! As an aside, I am becoming very disenchanted with the Bear Stearns research on Brazil. About the only thing I pay attention to is their reports on the cellulars as these reports seem to get into investors hands and have an apparent effect (albeit temporary) on the market for these bras. I would not put a tremendous amount of faith in this BS report, but thought I would share it for what it is worth. WJ