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

To: Lawrence Petkus who wrote (2602)	9/25/1998 9:58:00 AM
From: Jay Judell	Respond to of 4613

To all Interesting how analysis on quicken show CBS 13 strong buy 2 buy last week cbs 9 strong buy 2 buy 2 hold I wonder if they are thinking long term or just want our money?? Waiting to hear from my technical buddies to see when oversold and might get a turn around. Jay PS New in the charting business and learning the market.. But one chart shows possible turn about. Another shows a few more days before a change.. But I am waiting for my experience friends to tell me if I am reading it right..

To: Lawrence Petkus who wrote (2602)	9/25/1998 10:22:00 AM
From: MGV	Read Replies (2) \| Respond to of 4613

The Telenoticias deal has Karmazin and his strategy to cut costs written all over it. They just did the same thing with the hemorraghing "Eye on the People" cable programming in partnering with the Discovery Channel. I don't question the strategy. (I would like to know why the sell amounted 70% instead of 49 or 50%. They do retain board membership though it must be minority membership). They are keeping equity stakes in cable operations while freeing up cash flow to buy Karmazin's type of businesses. Remember that Karmazin wanted to buy CBS' radio assets rather than have Infinity bought by CBS. It appears to me that Karmazin's strategy is to keep within his circle of high competence while leveraging the TV, cable, and network assets to the extent they make the radio and outdoor advertising business more valuable via cross-selling. The acquisitions will be in radio, outdoor advertising and TV affiliates in that order. In sum, if you consider this move as exhibiting the imprimature of Karmazin's strategy, it is logical.