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TIM Participacoes May Be Forming Base.(B)(NYSE STOCKS IN THE NEWS)

Investor's Business Daily

| January 03, 2006 | COPYRIGHT 2006 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Christina Wise

TIM Participacoes had a nice run up the chart this fall after clearing a long base in September. It's pulled back in recent weeks and seems to be forming a flat base.

The Brazil-based company provides mobile telecommunication services to states in southern and northeastern Brazil.

Its earnings growth has ranged from 30% to 106% the past three quarters. But analysts surveyed by First Call expect the pace to slow in the fourth quarter and predict year-over-year earnings will decline 37%. Still, 2005 full-year profit is expected to come in 19% above 2004.

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