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

To: MGV who wrote (2560)9/18/1998 9:56:00 PM
From: Patrice Gigahurtz  Read Replies (1) | Respond to of 4613
 
I seem to recall a NYPost article which indicated that some figured the radio with it's outdoor unit close to worth $20 to $23bill. If that is the case than what could 20% of say $23bill yield ? Perhaps close to $5bill ? Anyway what's your guess for the 'streets' reaction Monday ? Of course the general market could be watching TV then and maybe the overall market could become jittery (again). But in any case what's you view of CBS' stock action during the next 5 trading days ? Since last Friday's gloom-and-doom day intra low of $23 7/16th 'she' has galloped back up in just five trading days a whopping +21.8% !

Thanks



To: MGV who wrote (2560)9/18/1998 10:07:00 PM
From: MGV  Respond to of 4613
 
If I'm right (less than Warburg Dillon estimates) 20% of that would be $8-8 1/2 Billion. Pay down 2.5B in debt and use the rest for buy backs and acquisitions.

It should read "$4-4 1/2 Billion."


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