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

To: Brewmeister who wrote (2452)	8/31/1998 5:48:00 PM
From: John M Connolly	Respond to of 4613

Hi Dan, Actually this may not be all bad as far as CBS is concerned. I would think that there was a lot of corporate buying today at apretty good price. In addition , while I would never wish any investor bad luck - you have to admit that some of the valuations have been crazy like the internet stocks, the tech stocks, the cocoa cola of this world - I mean the valuations were way too high. CBS is in a stogy old business of radio and TV - it is all domestic, and its earnings are on the upswing - when the market see the earnings we may become a Wall St favorite. Now would that not be a change. John

To: Brewmeister who wrote (2452)	8/31/1998 7:10:00 PM
From: Patrice Gigahurtz	Read Replies (1) \| Respond to of 4613

Dan: Step back and recall Oct '97 when 1st wave of Asian woes dropped the DOW to 7400ish to 7580ish in three trading days. If I recall CBS at that time (during those 3 days in Oct '98) was trading about where 'she' is now. Today, I think CBS is a much stronger company than Oct '98 and several good things could happen during the rest of '98 (Infinity IPO & WX sale(s) closing). Plus, there is that stock buyback program as well. If you look at today's CBS 1-min trading pattern it did not appear to include big block trades which I would define as 100k or higher. At first I was stunned when I saw the loss, but I have confidence this is a sell-off driven by fear rather. PS:Any thoughts regarding todays' Moody CBS evaluation ? Thanks