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To: Mike Buckley who wrote (26666)	6/22/2000 6:16:00 PM
From: straight life	Respond to of 54805

Gemstar's $9.2 Bln TV Guide Purchase Likely Delayed (Update1) By Jonathan Make Pasadena, California, June 22 (Bloomberg) -- Gemstar International Group Ltd.'s $9.2 billion purchase of TV Guide Inc., announced in October, will likely be delayed beyond the end of this month by the regulatory review, analysts and investors say. The merger of the two makers of electronic program guides for cable television initially was expected to close by the end of June. It's now more likely to be completed in July or even later, analysts and investors say. Stock in both companies could fall further if the acquisition isn't completed next month, investors said, although the delay isn't likely to reduce earnings. Shares of TV Guide and Gemstar each fell 30 percent this year, partly on investor concern about the Justice Department review. ``The market never likes uncertainty,'' said Mark Greenberg, manager of the Leisure Fund at Denver-based Invesco, which owns about 5.3 million Gemstar shares. ``Sooner is always better than later, as it is in everything. It doesn't really matter if it's in June or July, it's whether it gets done.'' Gemstar's chairman and chief executive, Henry Yuen, said in May he's confident he can complete the acquisition, though he couldn't guarantee the purchase wouldn't be delayed. Officials at the Pasadena, California-based company weren't immediately available for comment today. Both companies sell electronic program guides that let TV viewers search shows by time, date and program category, helping them sort through the hundreds of channels available on digital cable broadcasts. The Justice Department may examine whether the merger would hurt competition for program guides, said Alan Gould, an analyst at Gerard Klauer Mattison & Co. with a ``buy'' rating on Gemstar. Shares of Gemstar fell 3 7/16 to 50 on Nasdaq. TV Guide, the Tulsa, Oklahoma-based publisher of the namesake TV listings magazine, fell 2 5/16 to 30 3/16 on Nasdaq. ............................ Is this FUD or what? Is there any "news" here?