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Technology Stocks : Gemstar International Group (GMSTF)

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To: Paul Merriwether who wrote (148)11/12/1998 2:17:00 PM
From: Paul Merriwether  Read Replies (1) of 226
 
Considering buying some more on the pullback. GMSTF seems to have a downside protection because:
a: Lau seems to have sold 220K shares that he filed a 10K for.
b: Gemstar still has 100 mil. for the buyback and loads of cash in addition(total 190 mil.) and no debt. That's good insurance in case of a downturn.
c: The chrismas season around the corner when most CE items are sold and probably we'll see lots of advertizement for their new products building brand awareness.
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