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Technology Stocks : VIAB (Viacom Class B shares) formerly CBS -- Ignore unavailable to you. Want to Upgrade?

To: John M Connolly who wrote (4576)	10/24/2002 3:38:54 PM
From: Larry S.	Respond to of 4613

hey John, please let me know when you think a stock will go down :) gggg

To: John M Connolly who wrote (4576)	10/30/2002 7:56:10 AM
From: Larry S.	Respond to of 4613

Viacom Leader Hopes to Keep Its President By GERALDINE FABRIKANT (today's NY Times) he chairman of Viacom, Sumner M. Redstone, said yesterday that he was optimistic that Mel Karmazin, the company's president and chief operating officer, would remain at the company. His remarks came in New York at the Gerard Klauer Mattison media conference, where he also said he planned to ask all eight former CBS board members, including Mr. Karmazin, to remain at the company. Mr. Redstone has the right to replace those members in May 2003 but will apparently not do so. The other former CBS directors are George H. Conrades, William H. Gray III, Jan Leschly, David T. McLaughlin, Leslie Moonves, Patricia Q. Stonesifer and Robert D. Walter. Mr. Redstone and Mr. Karmazin have had a prickly relationship since CBS and Viacom merged two years ago, and some investors have speculated that Mr. Karmazin would leave when his contract expired next year. A number of Viacom investors have said privately that they hope Mr. Karmazin, whom they view as a strong manager, will remain. Mr. Redstone has been sharing his views with associates for several months and has said that a decision will be reached by the end of the year. He said he and Mr. Karmazin planned to sit down at the end of the year and discuss the future. A company spokesman said Mr. Redstone had made similar remarks about Mr. Karmazin's prospects at other investment conferences. Several people close to Mr. Redstone say it has become increasingly likely that the two will work out their differences, in part because Viacom has been performing well compared with other media companies. Mr. Redstone said yesterday that he was "optimistic Mel will stay; I don't think he wants to go anywhere else."