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Technology Stocks : Gemstar Intl (GMST)

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To: 100cfm who wrote (771)11/10/1999 6:06:00 PM
From: NY Stew  Read Replies (1) of 6516
 
We believe this would be worth approximately $50 billion, providing upside to GMST stock.

"7. We believe Gemstar's EPG business can grow rapidly to an installed base of 30M in a few years. We believe this would be worth approximately $50 billion, providing upside to GMST stock. Our rating is Strong Buy."

cfm,

The 50 billion was in reference to the guide business of the US market in a few years from an estimated base of 30M. You additionally have licensing fees from the likes of MS, AOL and others. More importantly, Gemstar is operational in 39 countries outside of the US. Henry will leverage this base as he is doing domestically. The current global market exceeds 500M and is growing.

Regards
Stew

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