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

To: Ken Sammut who wrote (3108)1/4/1999 9:42:00 AM
From: John M Connolly  Read Replies (1) | Respond to of 4613
 
ALL: The end of the quite period after the INF ipo ended today and there has been a number of upgrades of INF today. I heard this on CNBC this am Morgan Stanley has it on recommended list - Merrill has it as a buy with a target price of $38.00. If anyone has better details please correct this information as I was on the phone at the same time.
If INF were to go to 38.00 and the spreadbetween INF and CBS is 8 -12 bucks - that would put CBS somewhere between 46 and 50.
Happy New Year.
John



To: Ken Sammut who wrote (3108)1/4/1999 10:16:00 AM
From: TTOSBT  Respond to of 4613
 
Re: "The IPO can bring in $33M not $33B and not all of that to CBS"

Yea I guess my eyes saw internet in with the $33M and I was thinking like an internet investor (overvaluation). Thanks for the correction.

Then again who knows it may clim to over $300 a share in a week?

TTOSBT


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