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


To: MGV who wrote (2704)10/7/1998 2:14:00 PM
From: Patrice Gigahurtz  Read Replies (1) | Respond to of 4613
 
I'm stunned by the dramatic weakness in this stock. A -32 % drop since late July '98. And it was a slow painful drop too. But now it seems 'stuck' in gear...seemingly not willing to put up a sub 20$ quote. I could be just kidding myself (again) but if 'she' remains stuck here while the other media's tank further and further then I myself view that as a positive. Am I just kidding myself or has anyone else noticed how 'she' appears 'stuck' in gear here perhaps waiting for the green light (3rd numbers) to be revealed ?

Look at AMFM 7millions shares so far today ! down 6 points and Jacor ! -3 points....

Thanks



To: MGV who wrote (2704)10/7/1998 3:53:00 PM
From: John M Connolly  Read Replies (1) | Respond to of 4613
 
Darkgreen: Did yousee the new today on Yahoo re the Digital Radio - what is your take on it? My opinion is that we are missing the importance of this. This technology is owned by CBS and Gannett and apparently is ready to go. I have heard it described as the same as the difference between TV and HDTV. CD quality over the airwaves. In every crisis there is an oppertunity - CBS is in a strong position and with this downturn media properties will be cheaper. Overall this drop in media prices could spur the TV groups
to cut some of the excesses out of their operations beyond what is already planned.
John