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

To: Uncle Frank who wrote (630)	10/15/1999 1:19:00 PM
From: NY Stew	Read Replies (1) \| Respond to of 6516

NEW YORK, Oct 15 (Reuters) - SG Cowen started coverage of Liberty Media Group with a strong buy and a 12 to 18 month price target of $48 a share. -- Said the company was "a leader in content and distribution" through ownership of Discovery, Encore and QVCcable channels. -- Said company was positioned for future with equity stakes in Liberty Digital Inc , Gemstar International Group and Teligent Inc. -- Forecasts cash flow growth of 25 percent annually atDiscovery and Encore. Liberty Media Group shares were down 11/16 at 37-5/16 in morning trading on the New York Stock Exchange amid a broad stock market sell-off. ((Derek Caney, New York media desk, 212-859-1860)) REUTERSRtr 11:12 10-15-99