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Technology Stocks : Gemstar International Group (GMSTF)

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To: Andrew N. Cothran who wrote (122)9/30/1998 4:34:00 PM
From: Paul Merriwether  Read Replies (1) of 226
 
Andrew
I'm sitting tight on gmstf for a while. Seems to have good support at 46(which is ofcourse mumbo jumbo since I am no technical analyst). I just like its short, medium and long term prospects. Seems to me that if you break down their earnings in terms of msft, sfa, vcrplus guaranteed payments they will easily make their projected numbers($1.25/share for fy'99). Anything that TDN, GI, guide+ brings will simply get added to the bottom line(less taxes but not much else).
Their conservative accounting and lack of internet style stock hype comforts me(in such "interesting times" as nowadays). Not selling before the earnings which should happen around halloween. I may sell some of my position "into the good news" then to diversify.
best
-P
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