Not that I'm watching <gg>, but gmst is +5 1/4 rtq on reasonable volume.
Do you think this is a technical bounce, or are we getting ready for a merger announcement?
I agree that it is likely just a technical bounce but here is the latest from Robertson Stephens and positive thoughts on the merger:
news.excite.com
SAN FRANCISO, July 6 /PRNewswire/ -- The following is being issued by Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271:
INTERNET
Comments:
Gemstar (NASDAQ:GMST)
Strong Buy
Michael Graham, Internet
"We believe there is potential for significant positive news over the coming months, including, the closing of the merger, the launch of AOL TV, and the introduction of estimates for the combined GMST/TVGIA," said Graham. "Our best estimate is that the TV Guide merger should close within the next couple of weeks. However, we are more confident that the merger will close. The company recently quoted an installed base of over three million for its EPGs. We believe the emerging eBook business could be very large and we believe Gemstar can trade up to $130 in a positive environment, based on expected increased visibility towards its EPG advertising business. We recognize the difficulty stocks face in this environment and we believe Gemstar is profitable, proven, and patent protected."
Regards,
Scott |
