VIAB (Viacom Class B shares) formerly CBS Message Board

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

VIA 33.50

+3.0%

2:37 PM EST

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To: Jay Judell who wrote (2639)	9/29/1998 2:02:00 PM
From: Patrice Gigahurtz	Read Replies (1) of 4613

The day Starr sent his report to Congress CBS hit $23 7/16th and I think closed at $24 1/2. Then, over 5-6 days it moved quickly up to $28 5/8th closing and since has drifted lower and lower. And now the other shoe drops. Only thing I can hope for is once Sept ends maybe the selling pressure could ease ? Of course if they could somehow provide an earnings surprise that would be nice too. Anyway I never dreamed I'd see this pattern exist in CBS stock' not with all the 'strong-buys', etc. If CBS can deliver a net profit for '98 I'd be happy with that. By-the-way: I haven't seen any pre-announcements from CBS regarding current 3rd qtr. So if they don't put a negative pre-announce out can I assume anything positive from that ? Thanks

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