VIAB (Viacom Class B shares) formerly CBS Message Board

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Technology Stocks : VIAB (Viacom Class B shares) formerly CBS

VIA 26.02

-6.8%

Jan 8 3:59 PM EST

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To: John M Connolly who wrote (4541)	3/27/2002 10:12:02 AM
From: John M Connolly	of 4613

I think that the recent drop in Via.b is a knee jerk reaction. The first quarter is almost over and the recovery in ad revenue is slated for the next three qtrs. I would expect the price to bounce back in the near future. On another topic: at some point AOL/TW has to reach the bottom, it is currently at $23.00. I would think that this is a price for TWX given the increase in shares outstanding. The only thing I do not take into account is the obligations outstanding on AOL. I read somewhere that AOL is taking a $54 Billion charge this qtr. It is almost at the point that you are buying TWX and getting AOl for free....... it is hard to believe! John

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