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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 (2370)	8/23/1998 11:05:00 PM
From: Brewmeister	Read Replies (1) \| Respond to of 4613

Keep in mind that the time frame for a buy back can be very long. In some case, the company never actually buys it all back. Its authorized, that's all. They may use this only when needed - eg., to support the stock price. Right now, debt reduction mught actually put more on the bottom line. remember, 500M shares or 400M shares, at no earnings, it is still 0 cents per share. figure the interest on a billion bucks debt is about 100 million (round off), thats about 25 cents in earnings for the year - roughly speaking. Patrice, your record of trading would, to me, appear to make you abit more of a wily trader than your questions would make you appear. No? :^) Dan OT - John, glad to hear you'll get out for a drive. You going out to pick up some tix to an AFC game, or will you just watch it on CBS? (grin)