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Technology Stocks : Gemstar Intl (GMST)

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To: Mike Buckley who wrote (6455)	4/8/2004 9:26:01 AM
From: tinkershaw	Read Replies (1) of 6516

The source for the $25.9 million in TV Guide Channel revenue was an August 19, 2003 report from Citigroup (guess it was second quarter 03' numbers) which states "TV Guide Channel revenues grew by 3.5% to $25.8 million as a result of higher advertising revenues, partially offset by a 5.2% decrease in distribution to 56.1 million homes (representing a sequential decrease of 300,000 homes)." I would assume that future numbers would be better with distribution now over 70 million homes and with the advertising market in what appears to be a secular improvement. Tinker

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