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

To: John C James who wrote (3021)12/10/1998 7:56:00 PM
From: Patrice Gigahurtz  Respond to of 4613
 
Don't know.

John: The DOW has drifted back 5 1/2 % of late. What's your gut say ?
If Clinton gets impeached and Russia fails to come up with payments what then ? And what if Brazil fails ? I like holding INF shares but at what point is this market in trouble (again) ? If all those countries keep selling oil to run their economies what could happen if the US consumer stops buying oil ? Then what would support those oil producer countries ? So is the world dependent on the US consumer ?

Thanks



To: John C James who wrote (3021)12/10/1998 10:01:00 PM
From: Larry S.  Read Replies (1) | Respond to of 4613
 
John, CBS shareholders will get shares in INF when CBS distribute them, probably late next year. If you own CBS shares at the distribution date, you will get shares in INF. The price of CBS will drop by the value of the distributed INF shares, but shareholders will equal value of stock ( cbs = cbs + INF) before and after the distribution. Management has stated their intention to distribtute the INF shares to CBS shareholders. larry


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