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Technology Stocks : Gemstar Intl (GMST)

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To: Lucas Hsu who wrote (980)12/5/1999 5:38:00 PM
From: NY Stew  Read Replies (1) of 6516
 
Lucas,

What is the probability of this merger not closing?

Better the 50:50 but surely not a slam dunk.

More importantly, what will happen to GMST if this merger fails (both long and short term)?

If you would have asked this 40-50 points ago I would have said that the market would have rewarded Gemstar and punished TV Guide. Now, I believe that both would take a negative hit short term.

Just an opinion. The market likes to fool us all.

Regards
Stew

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