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

To: wopr1 who wrote (3122)	6/4/2000 2:06:00 PM
From: Ron	Read Replies (1) \| Respond to of 6516

Another nice piece on GMST: From the Robertson Stephens internet report: GEMSTAR: AN EMERGING NEW-MEDIA POWERHOUSE Gemstar reported fiscal fourth-quarter revenue of $84 million, significantly above our estimate of $73 million. EPS of $0.17 was also well above our estimate of $0.13, excluding a $15.9-million nonrecurring charge related to the eBook acquisitions. We believe business momentum is continuing strong, reflected in strong worldwide licensing revenue for Gemstar's Electronic Program Guide. We remain confident that the TV Guide (TVGIA $29-3/4) merger will close, most likely in late June or early July. Once the merger is closed, we see the potential for a positive business update and renewed optimism regarding all aspects of the combined company's business. We also believe momentum is building on the advertising front as Gemstar has quietly rounded out its initial list of advertisers, including AOL, NBC, CBS, ABC, ESPN and others. We continue to believe the advertising business can take off when the company gets its installed base of EPGs up to five million, which could happen shortly after the merger closes. To us, Gemstar shares represent one of the best risk/reward profiles in the new-media sector. We believe we are close to an inflection point in the business and the stock, as Gemstar becomes one of the largest interactive advertising platforms and spearheads the interactive TV market.