VIAB (Viacom Class B shares) formerly CBS Message Board

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

VIA 34.04

+4.7%

3:59 PM EST

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To: John M Connolly who wrote (2915)	11/19/1998 9:07:00 AM
From: Larry S.	Read Replies (2) of 4613

If INF starts rising after the IPO, then CBS should follow, not lock step, but same direction, as the remaining 80% of INF still held by CBS would imply a greater value to CBS stock. I believe CBS will spin-off the INF shares to existing CBS shareholders in 1999 or 2000. But having INF shares as currency will enable future acquisitions for stock. As for the TV, cable etc. I believe it is CBS's plan to continue to operate and grow it. Of course, once the INF is spun off, the market cap of just the Network will be a lot lower, and a lot easier for Diller, TWX, Viacom, or whoever to come in and buy it. hmmm. larry

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