VIAB (Viacom Class B shares) formerly CBS Message Board

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

VIA 30.14

+2.8%

3:59 PM EST

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To: John M Connolly who wrote (2987)	12/9/1998 10:09:00 AM
From: John M Connolly	Read Replies (3) of 4613

Just a couple of thoughts before the IPO starts trading. It would not surprise me if INF stays in the 22-25 range as it is priced pretty high. However I think that that the hidden and ignored aspect is our CBS shares. As of today our market cap is about $22B. If the total worth of INF both the issued and retained shares is $18B. That values the TV, cable internet, what is left of the industrials less the pension liability of $1B and other debt - at $4B. No way. If INF hold up tomorrow I belive CBS will move up, - if INF moves up just a little - CBS will jump. My opinion only. John

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