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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 (3018)12/10/1998 2:04:00 PM
From: Larry S.  Respond to of 4613
 
Here's my calculation. CBS sold 140 mm shares or 17%, therefore total INF shares are 823 mm and CBS still owns 683 mm. at $23.50/sh that is $16.4 bb worth of INF shares owned by CBS.
There are 706 mm shares of CBS stock. $16.4 bb/706 mm shares = $23.23 or each share of CBS is carrying $23.23 worth of INF stock. So the market is valuing all the rest of CBS at about $7. Probably $15-20 is a fairer value for the network, so there is lots of room. larry



To: John M Connolly who wrote (3018)12/10/1998 3:58:00 PM
From: Patrice Gigahurtz  Read Replies (2) | Respond to of 4613
 
Hey John. Don't tell me you didn't get any INF at $20 1/2 ?

To my surprise I actually got what I asked for at the IPO price. I'd hadn't really thought I'd get any let alone what I asked for.

Funny thing I'd rather hold INF than CBS shares.

Thanks


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