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Technology Stocks : VIAB (Viacom Class B shares) formerly CBS
VIA 26.45+6.8%3:04 PM EST
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To: Patrice Gigahurtz who wrote (2355)8/21/1998 12:08:00 PM
From: MGV  Read Replies (2) of 4613
 
At the risk of speaking too soon, there is increasing evidence that CBS has drawn a line in the sand at 28ish. It is holding nicely. The only downside to their spending too much in supporting the stock is the lost flexibility in acquiring NPV positive companies to add growth. If they are right about CBS valuation then all the better.
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