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Technology Stocks : Gemstar International Group (GMSTF)

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To: Jeffrey L. Henken who wrote (48)8/28/1997 11:46:00 AM
From: Paul Merriwether   of 226
 
<<Gee and I actually had a sell order in on this one,that did not fill, when it got the upgrade. I do believe your expectations of 45 to 60 are way too high. What kind of a PE do you think this stock can run to...? Regards, Jeff>>

I am glad that you were lucky iwht your trade. :)
My expectationof $45-$60 is way too high on 8-28-97. I grant you
that, *but* I am looking at the results of 4-6 million(conservative
estimate) of TV+ units, VCR+ continued growth and microsoft
continuing its license beyond 1998. All of these are expected in
mid '98 and will have a +ve effect on the bottomline.
I have voted with my check book on this one!
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