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

To: Eric Jacobson who wrote (1960)	2/11/2000 11:47:00 AM
From: scott	Respond to of 6516

Looks like a lot of yesterdays drop was due to arb activity. The conversion premium had grown briefly to around 18% if I remember correctly. Conversion premium at 9% currently. TC2000 software shows mildly bullish accumulation for TVGIA yesterday and slightly negative neutral distribution for GMST. Someone else who knows more about Arb activity may wish to comment. But, it sure looks like arb activity stepped in yesterday. Comments? Signals growing confidence regarding merger?

To: Eric Jacobson who wrote (1960)	2/11/2000 11:53:00 AM
From: buffalogrif	Read Replies (1) \| Respond to of 6516

Eric - Exactly! And what it also does is send a message to analysts that they can safely recommend or upgrade the stock because the revenues provide a cushion against any unforeseen downturn caused by a delay in shipments sometime in the future. Companies that don't do this end up totally at the mercy of their channel partners's timing.