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Technology Stocks : Gemstar Intl (GMST)
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To: Uncle Frank who wrote (653)10/26/1999 12:44:00 AM
From: NY Stew   of 6516
 
Uncle Frank,

Stew, I'm a little giddy from today's gmst action. Buckley proclaimed them Gorilla yesterday in no uncertain terms, and Wall Street has responded <g>.

I know. He has the Midas touch. Well deserved I might add.

It looks like a strong earnings run up is in the cards, in spite of the uncertainty related to the merger.

I was left somewhat numb from the merger announcement. It wasn't until I became aware of the underlying licensing agreement that it made sense to me. With the fall-back licensing terms all the uncertainty of the merger goes to TV Guide. I believe the market is starting to value this.

Regards
Stew




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