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Technology Stocks : VIAB (Viacom Class B shares) formerly CBS
VIA 23.17-2.1%3:15 PM EST
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To: John M Connolly who wrote (2383)8/25/1998 3:36:00 PM
From: Patrice Gigahurtz  Read Replies (2) of 4613
 
John: "....it is going to be a slow climb back to the 34 range".

If you recall, just before 2nd qtr earnings, last week in July if I am right (?), there was excitement reflected in the stock price and 'she' hit I think $34 3/4. Also, I assume speculation regarding mergers (etc) was reflected in that $34 3/4 price ?

Then came that 2nd qtr .01cent earnings ! Following earnings there was what appeared to be softness in the shares and 'she' drop in what appeard to this novice (lamb) an orderly pattern to mid $29ish area. Then came the other shoe, that 10-Q & followed by the $1.2 (not $1.5) billion$ deal-closing of that WX unit to the German Co. Since then (8/14) the stock has really gone south in more of a hurry than prior to that 10-Q.

So how does CBS stock price get back up to $34 3/4 or higher? Some possible ways could perhaps (?) be better earnings for 3rd qtr than the just past 2nd qtr .01cent net, coupled with some of that speculative nature that could have been reflected in 'her' in the upper $34ish area stock quote in the first place. Without those two ingredients do you have any suggestions ?? I do....and a possible positive impetus could be provided when/if they close all those remaining WX deals; maybe that in itself could lift the stock to $34 3/4 or higher (again) ?

Thanks

PS: This $27ish area stock quote is getting on my nerves.
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