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Technology Stocks : Gemstar Intl (GMST)

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To: Uncle Frank who wrote (2742)	4/12/2000 1:58:00 PM
From: tayspop729	Read Replies (1) of 6516

From CBS Marketwatch... --11:30 am Gemstar continues to weaken Shares of Gemstar (GMST: news, msgs) are off 8.3 percent to 50 55/64, continue a month-long slide that has shaved 40 percent off the company's market cap. In the same time, the Nasdaq Composite ($COMPQ: news, msgs) dropped some 12 percent. In a research note, Chase H&Q analyst Joe Arsenio said the sell-off came on "unjustified recurring fears regarding the completion of the TV Guide acquisition." A pair of senators recently wrote a "letter of concern" to the DOJ about the acquisition. Arsenio said he expects the deal to close next month rather than this month. He reiterated his "buy" rating and kept Gemstar on the bank's "focus list." Hey, if this stuff was easy, everybody would be doing it, eh? Regards, Scott W.

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