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Technology Stocks : Gemstar Intl (GMST)
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To: James Sinclair who wrote (588)10/7/1999 7:14:00 PM
From: NY Stew  Read Replies (1) of 6516
 
James Sinclair,

I would spin it that way too if I were in their shoes.

Conversely:

Stephen A. Weiswasser, executive vice president and general counsel of Gemstar, stated: "We are pleased with the arbitration panel's decision that General Instrument wrongfully breached its contract with StarSight and misappropriated StarSight's confidential information, and that General Instrument's conduct was sufficiently egregious to warrant a significant punitive damage award. This award reflects Gemstar's unwavering commitment to defend its rights, including intellectual property rights, against those who breach or infringe."

The digital arb is up next while the big one in the courts concerning multiple IPR violations is a ways off. Henry has been stating for the past 6 months that an injunction was highly unlikely from an arb panel. He has not said that concerning the case in the courts. Anyway, I think this will all get settled before another decision is rendered.

Stew



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