This doesn't represent new news but represents information that's getting more publicity and highlighted more fully than it has in the past. Because the stock has been vulnerable whenever news like this comes out, it reacts negatively.
More Quotes from Frederick Moran:
It does make sense to help focus investors. Sumner Redstone thought that the difference between the two pieces was holding back Viacom's valuation.Frederick Moran
It also comes on the heals of AOL-Time Warner and the Terra Networks merger with Lycos, and shows that the Internet and media landscape is getting increasingly competitive, requiring more consolidation,
Frederick Moran
You need size and scale, and you need to drive a brand name in order to achieve growth and profitability in this market.
Frederick Moran
This puts competitive pressure on the likes of Disney, NBC and Fox Television. These other players will have to step up, reevaluate, see what kind of assets they are missing in their specific platform and address it as quickly as possible.
Frederick Moran
Open access is the biggest issue. The other one, we think, is interoperability for instant messenger and ICQ. The ability for other ISPs to have instant messaging with, and that is technologically resolvable at some point in the not too distant future and AOL has pledged that they will move towards making that happen. If these two completely different services can link together and interoperate without any security problems, junk mails bombarding the chat sessions, then it would be very easy to invite other ISP customers into what would be a global and complete instant messaging system for all Internet users,
Frederick Moran
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