VIAB (Viacom Class B shares) formerly CBS Message Board

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

VIA 50.85

+0.6%

Nov 7 3:59 PM EST

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To: Sonny who wrote (2567)	9/21/1998 4:40:00 PM
From: John M Connolly	Read Replies (2) of 4613

All: Well if befuddled is a word I am really befuddled. The IPO is going forward and IMO would appear to be a slam dunk in getting the price to rise - They just announced that the 3 qtr earnings will be above expectations - not only that in addition they say that 4 th qtr earnings will be super - the close out of the industrials is in the near future - we have a buy back plan of something in the order of $3B - there is talk of a merger of the TV interests - AND GUESS WHAT - THE STOCK PRICE GOES DOWN !!!!!!!!!!!!!!!!!! I have to tell you that this stock is one of the most confusing that I have ever owned - I would have bet that this sucker was rising today - instead it tanks even when all the news is positive. We cannot blame Billie's Sex in the Workplace - actually that should help - Imus & Stern and all the other radio guys have all the material they need for the next 6 months - and still the damn stock goes down. I feel a trip to the mountains coming on ! John

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