Gemstar Intl (GMST) Message Board

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Technology Stocks : Gemstar Intl (GMST)

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To: tekboy who wrote (3085)	5/31/2000 8:43:00 AM
From: unclewest	Read Replies (1) of 6516

. One question, though: their "reiterated" optimistic 12-mo. target is $66. tekboy, the entire itv sector took a 66% haircut. i checked 2 major players optv and lbrt...both were up about 8% yesterday...same as the nasdaq. gmst was up 3x that. the analyst who wrote that, listed aol and msft as competitors...yet both have signed long term contracts with gmst and paid hefty licensing agreements and agreed to pay royalties for many years... i think henry has signaled a coupla things to bloomberg...he is about to sign up some more major players and he still has the buyback cash to do it...meaning the action we are seeing on share price is not related to the buyback plan. additional upside that the analyst failed to address is that gmst is rolling out simultaneously in about 30 other countries....and e-books. just one example....gmst is much better known and used in england right now. is this a large analyst oversight? and what about e-books....we believe gmst bought all the significant e-book patents when they bought both e-book companies last quarter. my wife already told me she wants one for Christmas...i like that. we know rca and ge are going to release gmst e-books under their own brand names into this holiday season...that is why henry is chasing around to the publishers to get books digitized now. gmst has an awesome patent portfolio already well-tested in court...that is very important as precedents have already been established upholding the contracts. also gmst is the only epg chip i know of in tvs right now...i have not been to a tv store recently but i know sony, ge, zenith, phillips, magnavox, proscan and others are all using gmst. much of the rest of the news from the other players is posturing imo...just noise. gmst has the following going for it... a large, court-proven patent portfolio. first mover advantage. contracts with most of the largest players. we are playing gmst for ad revenues primarily...lets see how they do on the quarterly. that is the ultimate indicator. hopefully we will get that this week or next. last quarter's figure was $800,000...you can use that as a base for figuring growth rate...if i remember right the quarter before was $200,000. unclewest another thought...over the last 9 months revenues went up about 35% and net income about 55%...net income is now close to 50% of revenues...this is a lean and mean cash machine.

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