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

To: Patrice Gigahurtz who wrote (2360)	8/21/1998 3:35:00 PM
From: John M Connolly	Read Replies (1) \| Respond to of 4613

Patrice, Cannot comment on your call question, or your short question for that matter. On the other Sony or MGM I cannot see either as a benefit to CBS. If it happens it will be someone with a cable or other transmission base. That is not to say that Sony could not decide that they want to buy CBS - they have the money, but the FCC would have problems. Looks like the buyback program did well today. John

To: Patrice Gigahurtz who wrote (2360)	8/23/1998 10:08:00 AM
From: Guy E. Fleming	Read Replies (1) \| Respond to of 4613

Patrice: I'm planning to continue to add to my Jan'00 30 LEAPS this coming week. Short-termed options are madness -- too many things have to go right. But at around $5 for those longer-term option calls at $30, I can't see how CBS won't be at at least $35 by January 2000. My feeling is that it'll be sold by then (the network or TV side at least) or will be at around $50 on its own merits as Karmazin takes hold. I expect "Raymond" to be the big TV hit boost this year for CBS (plus football) and a powerhouse radio operation. NBC will be severely weakened by the loss of "Seinfeld" and huge incremental costs of escalating talent payments on hit shows like "ER." ABC seems out of contention and its new shows look like losers. FOX is much stronger. This is a good CBS buying opportunity, IMO. Good luck!