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Technology Stocks : VIAB (Viacom Class B shares) formerly CBS
VIA 28.95-2.1%3:59 PM EST

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To: John M Connolly who wrote (2450)8/31/1998 1:42:00 PM
From: Patrice Gigahurtz  Read Replies (1) of 4613
 
Today, both the NYPost & NY Times have articles about CBS-tvnet. I read both and come away feeling that CBS-tvnet could be with us awhile; at least long enough to see if the changes they made (NFL & less expensive shows) could develop nicely. I haven't panicked, in fact this morning got some Jan30s CBS calls which I hope do well. I'm hoping they do well after that Infinity IPO goes off coupled with I assume the closing of those remaining WX units.

By-the-way: I am no expert, instead just a novice lamb investor. But I am not impressed with todays' CBS volume; looks weak to me and correct me if I am wrong could that be a positive if the stock drops ? Contrastingly if the volume were high and the stock dropped that could be a negative ? Or if the volume was light and the stock moved higher is that a weak signal versus a stock that goes higher on high volume ?

Thanks
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