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

To: quidditch who wrote (1855)	2/9/2000 1:45:00 AM
From: NY Stew	Read Replies (1) \| Respond to of 6516

Steve, Henry and Boylan could have been thinking of several possible scenarios. The most likely, in my mind, would be to deter a possible hostile bid for either party in order to foil the merger and/or for positive acquisition objectives. Thanks much for your response. At least now I know that my thinking is not too far removed or if it is that I am not the only one. :) There was a rumor that AOL was going to make a run on Gemstar just prior to the AOL-GMST licensing agreement. I was on the Yahoo board repeatedly saying that it was nonsense. Months later (maybe weeks, time??) I learned that the rumor was founded. I have also heard that TV Guide has an out clause in the preliminary licensing agreement if Gemstar is successfully acquired via hostile takeover and both AOL and MS were mentioned by name. My first thought was that the 14.9% added to the rights of Thomas Lau, Henry and Thomson would be over 50% of the common stock vote. The prior domestication is where I am stumped. You would think that I would be happily sleeping by now after today's welcomed volume and price action but instead I am awake working on a headache trying to figure this out. It is likely nothing more than just precautionary measures for a smooth merger and to prevent, as much as possible, any 3rd party threats. Regards Stew