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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?


To: Mike Buckley who wrote (22575)4/12/2000 11:46:00 AM
From: pala  Respond to of 54805
 
<<3) Is there anything special about Thompson that may have accelerated their adoption rate ahead of other Gemstar licensees?>>

This article was in the Oct 25 1999 Seattle Times, I never could find it on the internet at that time.I read it as Thomson having problems and betting on IPG's to help them out.

Please note the French Govt. stake and additional bailout funding.

Thomson stock would boost Microsoft
The Seattle Times
Bloomberg News
PARIS- Thompson Multimedia, the worlds forth largest consumer-electronics maker, plans to sell shares in an IPO that values the company at as much as $2.9 billion.
Thompson Multimedia is selling shares representing 23.6% , a total of 24.9 million shares, between $16.70 and $20 dollars each.
Thompson Multimedia, maker of RCA televisions, is 67.7 percent owned by parent Thompson, a French government holding company. Microsoft, Japans NEC, Hughes Electronics' unit DirectTV, Frances Alacetal and employees hold the rest. The government which invested 1.8 billion in 1997 to help the company return profit by focusing on INTERACTIVE TV, is seeking to help it reduce debt,
Microsoft invested $80 million for a 6.8% stake of Thompson 15 months ago. If Thompson is priced at the high end of its offering, that Microsoft stake would be worth nearly $200 million.

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