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

To: John M Connolly who wrote (2599)	9/25/1998 5:37:00 AM
From: John M Connolly	Read Replies (1) \| Respond to of 4613

Well, Here I am writing to myself, but I had a thought:! It is possible that by the end of the year there will be nothing left of Westinghouse or CBS for that matter.. We are already going to cut the radio assets free- the IPO may never happen , our CBS shares may become INF shares. The TV and cable interests could be merged with another interest for which we will get a share of some other company. I could even end up again with INF shares. If this were to happen what a reflection on Jordan - on his tenure, he will have bought and sold every asset he was given - and will have created nothing that has become a success. Maybe the stories about him are true - that he is an academic , who in the business world could not run a one stall outhouse. Please understand that in the past I was a supporter of Jordan - I am just tired of waiting for his master plan to kick in - or has he abdicated to Mel K. Charity car show in South Georgia so I am off for the weekend. Markets could tank today - Oh Boy! John

To: John M Connolly who wrote (2599)	9/25/1998 8:23:00 AM
From: Lawrence Petkus	Read Replies (2) \| Respond to of 4613

Hi John, If they are unloading 70% of Telenoticias, somebody ought to get their fat salary wacked down by 70%, like Jordan. This is incredible. There is no excuse, whatsoever. This asset was part of the all new earnings generating strategy. Now the new is the same as the old- everything is just garbage to make wheeling and dealing middle men into millionares(strictly an opinion not based on fact: somebody makes big bucks in the process of turning over billions in assets), while the company and shareholders watch the smoke of Jordan spinning his wheels. Pathetic. Considering the importance (in terms of future ad revenue growth) of the Spanish speaking population in the US and Central and South America, this stinks. They should have been able to do something more creative than giving control of this asset to another company (you state 70%). Remember the free trade pact: thousands of companies are making cross border profits and are positioning themselves to do this in the future. I didn't see this information. Is it posted anywhere on the web? Perhaps there is a positive spin? Or is it just a another case of management failure? What are the financial details of this deal? What return was generated from the deal? Lawrence