Gemstar Intl (GMST) Message Board

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Technology Stocks : Gemstar Intl (GMST)

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To: 100cfm who wrote (6338)	3/4/2004 9:13:19 AM
From: Mike Buckley	Read Replies (1) of 6516

100, Some cash inflows and outflows to add to your list ... Settlement of the shareholder suit: payment of a range of $43 million to $56 million, depending on how much is paid in stock Warrants that would allow Gemstar to control 51% of UBET expire in May. I don't know the cash required to exercise the warrants and management doesn't know if they will exercise them. Sale of SNG: $48 million Reimbursement by UBET of legal fees: up to $725,000. That's an item reported in this forum that I haven't found elsewhere. You're assuming the same expenses in your P&L analysis as in 2003. With the sale of SNG, related expenses will be eliminated for about three-fourths of the year. If you're trying to arrive at the operating profit, eliminate the interest expense. That line item isn't factored in until after operating results are determined. EDIT: An unknown use of cash is potential repayment of debt. --Mike Buckley

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