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Technology Stocks : Gemstar Intl (GMST)

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To: scott who started this subject2/11/2004 2:11:41 PM
From: LLLefty  Read Replies (2) of 6516
 
Here's how a racing journal looks at the GMST-Comcast deal from its perspective.

bloodhorse.com >> News
TVG to Gain Wider Exposure Through Comcast Deal
Date Posted: 2/11/04 1:36:47 PM

Wider distribution of TV Games Network through the nation's largest cable provider, Comcast, highlights a new joint venture between the cable company and TVG's parent company, Gemstar-TV Guide.

I think GMST's prodigal, TVG, may become a larger factor in GMST's refashioning. It has a shortly expiring warrant to buy majority holding in UBET, which between UBET and TVG handle about 5-7 per cent of all US parimutuel wagering. Some of the issues between the two are in arbitration. Decision announcement expected shortly. Murdoch bounced the head of TVG the other day.
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