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

To: ED_L who wrote (2680)	10/3/1998 10:16:00 AM
From: Patrice Gigahurtz	Read Replies (1) \| Respond to of 4613

Ed: ? You indicated that "< 1.00" was ok for price to sales ? Was that a typo ? I went to that web site you mentioned and they have estimates of .22c for this year and .49 for '99. .22c for '98 ! Does that include the staff reduction costs for 3rd qtr ? In today's Barrons CBS has estimates of .11c for '98 and .41c for '99. Anyway your web site suggestion indicates a price to sales ratio of 2.86. Is that ok in your view ? By-the-way: How can we know what actual number of outstanding shares exists ? I guess the next SEC 10-Q could provide that ? I looked back at a chart and in late '97 CBS traded at $29 3/4 and the DOW was maybe just shy of 8000. We are not that from from 8000 now and yet 'she' is way down from $29 3/4. To me the new "CBS" is a lot different company than late '97 CBS version and so I don't understand why the market has the somewhat new CBS valued so low ? I mean in late '97 the Seimens deal wasn't history, the Infinity IPO wasn't known, ratings back then were not as good, etc. Yet the market thinks CBS is worth just $24 3/4 ! What am I missing ? By-the-way # 2: I don't know when that Entercom Radio IPO comes to market but it was filed at the SEC I think before CBS' Infinity IPO was. I mention Entercom Radio because wasn't that the firm CBS sold some Boston radios to ? Anyway, when Entercom Radio IPO hits the markey maybe we can tell what the market attitude for Radios is before CBS actually IPOs their Infinity. What's your gut feeling for how the 'street' will treat Radio IPOs in general ? Thanks