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

To: Uncle Frank who wrote (1883)	2/9/2000 6:34:00 PM
From: Manx	Respond to of 6516

Gemstar's third-quarter profits rise 70 percent By Deborah Adamson, CBS MarketWatch Last Update: 6:23 PM ET Feb 9, 2000 NewsWatch PASADENA, Calif. (CBS.MW) -- Gemstar reported a 70 percent increase in net income for the third quarter, thanks to growth in worldwide licensing income. The electronic program guide services company (GMST: news, msgs) reported net income of $32 million, or 13 cents a share, in the quarter. Analysts polled by First Call expected a profit of 10 cents. Last year, net income was $18.8 million, or 8 cents. Revenue was $61.8 million vs. $41.5 million. Operating income -- which excludes income received outside of operations and taxes -- was $40.3 million for the quarter, compared with a profit of $24.4 million a year ago. Gemstar provides an electronic TV directory that's carried by major networks and built into TVs, VCRs and TV/VCR combination machines. Founded by a physicist who thought it confounding to program a VCR, Gemstar is the proprietor of the VCR Plus+ system, which lets viewers program VCRs by punching in program codes that are published in newspapers. The company is in the midst of a merger with TV Guide. Shares of Gemstar were down 1 1/8 to 67 3/4 ahead of the news.