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Technology Stocks : Gemstar Intl (GMST)

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To: pompsander who wrote (3156)6/11/2000 9:59:00 PM
From: pann1128  Read Replies (1) of 6516
 
John Corcoran's price target on GMST.

Anyone have additional info on why he lowered the price target of GMST from $115 to $63? This was one of the most bullish analysts on GMST. So far I don't see any red flags. A lot of positives in terms of advertisement revenue growth, AOL TV, Microsoft TV etc. and potential merger approval. So I am a bit puzzled about the downgrade.

Cheers,

Piyush

P.S. Where is NY Stew? <G>
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