VIAB (Viacom Class B shares) formerly CBS Message Board

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

VIA 33.60

-3.7%

3:59 PM EST

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To: Larry S. who wrote (2857)	11/3/1998 7:19:00 PM
From: Patrice Gigahurtz	of 4613

Larry: Just can't take the chance as the risk-reward for me wasn't worth losing that much sleep. I still have a bundle of CBS stock but not at scary levels like before today. It was just under a month ago that CBS hit $18 intra low before closing a tad over $20. 'She' has run up pretty good and I just think a breather is maybe 'due' ? I'll get much more again but only at a better price as I don't like the idea of giving up forever 20% of something that makes $$$ in exchange for a one time $$$$. I'd rather keep 100% of the radio. The 'street' can't be that confused evaluating CBS as a whole; I don't buy it that the 'street' needs an IPO to better expose valuation. If they IPO off up to 20% less radio rev isn't that going to effect CBS' bottom line ? Radios dropped today too; it's just a risk-reward equation that for me wasn't adding up right. HOWEVER, if the IPO offering price is nice I'll jump on that with the $$$ I got back today. Then I'd have pure media NOW ! Thanks

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