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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?


To: Mike Buckley who wrote (7510)10/4/1999 11:01:00 PM
From: Exacctnt  Respond to of 54805
 
Mike, According to the conference call, GMST stated that 7 months to close the deal was to allow for receiving the proper approvals from the government. To ensure no anti-trust concerns. Management also stated that 7 months was a conservative estimate and that it could possibly take just 5 months.

Regards



To: Mike Buckley who wrote (7510)10/4/1999 11:29:00 PM
From: Sommers  Read Replies (2) | Respond to of 54805
 
Mike, I found a bit of comfort in the fact that Mr. Yuen will remain at the helm:

"Gemstar (GMST:Nasdaq) and TV Guide (TVGIA:Nasdaq) inked a $9.2 billion merger agreement in an effort to boost their electronic advertising and e-commerce businesses. According to the deal's terms, TV Guide will hold a 45% interest in the new venture known as TV Guide International, while Gemstar CEO Henry Yuen will serve as its chairman and CEO."

FWIW: I placed three GMST trades today, starting at the opening - ending at the close, for an average price of $80. Oddly enough, I will take even more comfort when LB makes his move (when - not if).

Living alone with a two toddlers, I would never have had the guts to pull the trigger without the wisdom of the many posters on this thread.

A loyal lurker,

--Sommers

"Play for more than you can afford to lose and you will learn the game."

Winston Churchill



To: Mike Buckley who wrote (7510)10/4/1999 11:30:00 PM
From: JohnG  Respond to of 54805
 
M Buckley. Thanks for your most timely Gemstar valuation study earlier today!! It will help me gather my witts tomorrow on this opportunity.
JohnG