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Technology Stocks : Gemstar Intl (GMST)
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To: surpow who wrote (3356)7/13/2000 11:12:16 PM
From: Ron  Read Replies (1) of 6516
 
Interesting positive comments from Robertson Stephens web report:
GEMSTAR MERGER GETS GOOD REVIEW
Gemstar completed its merger with TV Guide after receiving approval from the Justice Department. The DOJ's blessing puts a gold-seal stamp of approval on Gemstar's patents, in our minds virtually assuring the long-term profitability of that intellectual property. Second, we believe the merger forms a New Media powerhouse. We expect the combined company to have immediate use of TV Guide's large advertising
sales force and powerful brand, giving Gemstar the ability to cross-sell current advertisers to the electronic programming guide. With the merger closed, we see the potential for positive developments and renewed optimism regarding all aspects of the combined company's
business, including updates on the installed base of EPGs, new cable licensing deals and new advertisers for the EPG. We maintain our view that Gemstar stock carries one of the best risk/reward profiles inthe New Media sector.
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