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

To: Jack Jackson who wrote (2768)	4/13/2000 10:33:00 AM
From: RocketMan	Read Replies (1) \| Respond to of 6516

Wow, do I get the Psychic Friends award? <g> Message 13404043 Their previous purchases averaged $10 per share, which 2 splits ago would have been $40. If they have not exercised since then, which I doubt if they have, that means they can still repurchase up to 75M worth, and the stock is again approaching $40, so one can assume the directors would be looking at tht option. If the stock broke 40, I would assume that the company did not think it worthwile to repurchase, and all confidence in this stock might be gone, which means you're looking at mid-teens. Thanks, Henry, glad you are standing up for the company's value! I think when this is over the market will differentiate those ITV companies that have a real market and real earnings from those that only have ideas.