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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 (2362)	8/21/1998 7:28:00 PM
From: John M Connolly	Respond to of 4613

In Addition: Anyone who would short CBS at the moment would be nuts! It would appear that they have established the 28 dollar range as buy area. They have the approval for $3B in buyback - off the top of my head that is about 75 million shares maybe closer to 80 million ( my calculator is up in my office and I cannot get there ) That is about 13 % of the existing shares outstanding. Let us hope for a continued two weeks at this pace then they can announce that there is a reduction in outstanding shares and the price rises. Patrice: I do not see the fit for either of the companies. Dan : It is automatic and I plan on driving it next week end. Darkgreen : That was most thoughtful of you. John