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Technology Stocks : Gemstar Intl (GMST)

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To: NY Stew who wrote (2722)4/12/2000 8:54:00 AM
From: RocketMan  Read Replies (1) of 6516
 
Stew, permit me to copy one of your yahoo posts relative to the stock price and Cramer's statement:

In response to:
vanelm asks: Jim, Love TSCM. What about Gemstar?
Creme_Delacramer: They have taken that one to the cleaners haven't they? That is another stock that went on an acquisition spree and now the targets of that spree are unloading. I don't trust the stock any more.

Is Cramer saying that News Corp and Liberty Media are unloading TVGIA?


Your response:


Who knows, maybe he's right but I suspect not. The market is simply assassinating the ITV industry in sum.

GMST 107 to 55
IATV 51 to 22
LBRT 148 to 40
LDIG 75 to 28
OPTV 245 to 73
TIVO 78 to 27
WGAT 55 to 20
WINK 75 to 26

One company on this list has real earnings, plenty of cash and a barrier to entry. The market will begin to discriminate when it sees fit.

Regards
Stew


I was aware of the IATV situation, but not of the overall sector massacre that you point out. I agree with your last comment.
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