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Technology Stocks : Gemstar Intl (GMST)

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To: Paul Merriwether who wrote (204)	8/11/1999 4:57:00 PM
From: silInv	Read Replies (1) of 6516

Wednesday August 11, 4:03 pm Eastern Time Company Press Release Gemstar International Group Limited Reports First Quarter Financial Results PASADENA, Calif.--(BUSINESS WIRE)--Aug. 11, 1999--Gemstar International Group Limited (Nasdaq:GMST - news) reported its results of operations for the first quarter ended June 30, 1999. Revenues for the first quarter were $43.1 million. Operating income was $24.1 million. Net income was $19.6 million. Diluted earnings per share were $0.17 based on 118.9 million shares. Compared with the year-ago period, revenues increased 27%, operating income increased 35%, net income increased 39% and diluted earnings per share increased 31% despite an increase in share count of 8%. biz.yahoo.com

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