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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 (2578)	9/23/1998 10:27:00 AM
From: Hollywood	Read Replies (1) \| Respond to of 4613

Patrice, Mel said that he expected the company's third-quarter results to exceed year-ago levels, while fourth-quarter results would be ''a lot better'' than the third quarter. My understanding of his statement is this: The current qtr (3Q98) will be better than last year (3Q97). Next qtr (4Q98) will be much better than this qtr (3Q98). My point was that since 3Q97 had earnings of -0.03, we could lose money this qtr (3Q98) and still be in line with Mel's statement. Since estimates are for around breakeven this quarter and 0.06 next quarter, I don't think the statement was anything to get excited over. IMO If this looks incorrect to you, please read the release over and let me know where I went wrong. Hollywood