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To: Uncle Frank who wrote (10613)11/18/1999 4:27:00 PM
From: NY Stew  Read Replies (3) | Respond to of 54805
 
This guy isn't me. Honestly.

TIP SHEET: Internet Fund Manager Doyle Shifts Focus
By Mara Der Hovanesian

11/18/1999
Dow Jones News Service
(Copyright (c) 1999, Dow Jones & Company, Inc.)

"A new stock for the fund since June is Liberty Media Group (LMGA), the cable-TV arm of AT&T Corp. (T). Liberty Media holds interest in numerous globally branded entertainment networks, such as the Discovery Channel. Doyle started buying the Class A shares at about 33, and the stock - recently trading at 43 - now makes up about 5% of the fund's assets. He thinks the stock will move primarily because of the company's 44% stake in TV Guide, which it agreed to sell to Gemstar . Gemstar , which Doyle bought for an average cost of about 108, will rise 30-fold in the next decade, he said. Gemstar shares recently changed hands at 104.

" Gemstar is positioning itself as one of the most profitable and best investments of all time," Doyle said. "They are creating intelligent, interactive television viewing."