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Technology Stocks : Gemstar Intl (GMST)
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To: straight life who wrote (2308)3/14/2000 5:52:00 PM
From: RocketMan  Read Replies (1) of 6516
 
Thomson and Gemstar today announced a wide-ranging agreement that is expected to result in popularly-priced electronic books later this year.

The key words there are popularly-priced. Today the new King story came out in e-format at a good price, there is more press beginning to be heard about e-publishing, and I think the tornado for this application is getting near. The chicken-egg problem will soon be solved.

Gemstar appears to already be doing a lot behind the scenes to market the e-book, and this alliance with Thomson should greatly facilitate that.

Just the other evening I was having dinner with a friend who is an editor for a national publication, and we were discussing some books. Without any prompting from me, and not knowing anything about Gemstar, he mentioned that he had demo-ed a version of both Rocket e-book and Softbook as part of his job and was very impressed.

This is an individual in the publishing business who is not a techy, but loves to read. So for someone like that to like an electronic version of a book tells me that this thing really will have popular appeal. Of course, I told him all about Gemstar and their other initiatives, in case he might want to invest :-)

On a day when the Naz is off 200 points, it's nice to be in a company whose true value has yet to be recognized, and whose tremendous growth is yet to come.
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