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Technology Stocks : Gemstar Intl (GMST)

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To: Rick who wrote (3252)	7/6/2000 10:16:46 PM
From: Rick	Read Replies (1) of 6516

Technology News Thu, 06 Jul 2000, 10:11pm EDT "TV Guide's $9.2 Bln Sale to Gemstar May Be Challenged (Update2) By Jonathan Make Gemstar Rises Gemstar shares rose 12 percent after an analyst said the company's sales will increase even without TV Guide, because of the increasing popularity of program guides. The stock rose 7 1/4 to 65 3/4 on the Nasdaq Stock Market. It's up 57 percent since before the acquisition was announced October 4. Tulsa, Oklahoma-based TV Guide, the publisher of the namesake television-listings magazine, rose 3 1/16 to 36 1/4. Its stock has gained three-quarters in the same period of time. Gemstar's shares could rise to 130, said Michael Graham, an analyst at Robertson Stephens & Co., without giving a timeframe. He rates the company a ``strong buy.'' bloomberg.com The 5th article from the top. - Fred

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