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Technology Stocks : Gemstar Intl (GMST)

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To: pompsander who wrote (1897)2/10/2000 12:48:00 AM
From: mariner  Read Replies (2) of 6516
 
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Colour me naive but it seems to me that GMST is trying to be cute here. They claim a big revenue/income increase, but then sort of slying indicate that 18 million of that revenue increase is due to accounting recognition of a portion of the legal settlement imposed on GI.

To be less cute I think GMST could have clarified for us exactly how much of that 18 million the company would have received had GI conducted business normally, vice been forced by the courts. We then would be able to make a more credible assessment of revenue growth. As it stands however, we have no real method of determining the growth rate with any degree of accuracy. I must admit that I'm disappointed with the company's lack of transparency on this issue. Combined with the lack of a website, I find GMST to be less than fully forthcoming. Am I out to lunch, or are they being just a little too secretive here? Certainly, this doesn't remind me of the way CSCO treats its interaction with investors.

Note: I did not have the opportunity to listen to the CC so I apologize if I've misinterpreted what I've seen discussed, published by the company.

Cheers
mariner

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