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Technology Stocks : Gemstar Intl (GMST) -- Ignore unavailable to you. Want to Upgrade?

To: jay silberman who wrote (599)	10/10/1999 9:30:00 PM
From: stephen wall	Read Replies (2) \| Respond to of 6516

Could someone help me out here. From the recent Forbes article on John Malone: forbes.com In September he pulled another magic trick. Malone transformed TCI Music, a publicly held Web investor that was 86% owned by Liberty, into a new entity, Liberty Digital. Liberty now owns 95% of the digital unit, an entity valued on Wall Street at $3.6 billion, notwithstanding its meager 1998 sales of $84 million. But Liberty Digital has some great assets: the right to fill 12 or so channels on AT&T's digital systems; and to provide the on-screen program guide that will greet AT&T cable customers. The on-screen guide is a potential advertising gold mine--and it's no coincidence that TV Guide, 44% Liberty-owned, hawks such a directory. ------------------------------------------------------- It seems obvious that Gemstar/TV Guide deal must have had Malone's blessing, but does anyone know what Liberty Digital is besides what's stated here? Does it fit in with Gemstar? Is it competitive? Unrelated? What gives? Thanks