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

To: Uncle Frank who wrote (3230)	7/6/2000 2:42:10 PM
From: in_outdaily	Respond to of 6516

UF GMST is moving up/down today with the NAS... One of the previous posters pointed out the 'end of month' window dressing that drove GMST up (and promptly down) and I tend to agree with him. I entertained some hope that the end of month move was a precursor to the anticipated merger, but alas, after the move back into the 50's... Still holding mine long term... Bill

To: Uncle Frank who wrote (3230)	7/6/2000 3:11:48 PM
From: JH	Read Replies (2) \| Respond to of 6516

<Do you think this is a technical bounce, or are we getting ready for a merger announcement?> I think it is the former... the conversion discount is as high as ever, at 20% (historic highs). If the merger was imminent, TVGIA should rally much more vigorously to erase the discount. In any case, I like the rally in GMST. We've managed to break clear of the 200 DMA which had been capping the upside since mid-April. Next resistance appears to be at $70-3/8 (50% retracement of the range in 2000). I believe we should punch through that without much trouble.

To: Uncle Frank who wrote (3230)	7/6/2000 3:22:37 PM
From: tayspop729	Read Replies (2) \| Respond to of 6516

Not that I'm watching <gg>, but gmst is +5 1/4 rtq on reasonable volume. Do you think this is a technical bounce, or are we getting ready for a merger announcement? I agree that it is likely just a technical bounce but here is the latest from Robertson Stephens and positive thoughts on the merger: news.excite.com SAN FRANCISO, July 6 /PRNewswire/ -- The following is being issued by Robertson Stephens, a member of the National Association of Securities Dealers, CRD number 41271: INTERNET Comments: Gemstar (NASDAQ:GMST) Strong Buy Michael Graham, Internet "We believe there is potential for significant positive news over the coming months, including, the closing of the merger, the launch of AOL TV, and the introduction of estimates for the combined GMST/TVGIA," said Graham. "Our best estimate is that the TV Guide merger should close within the next couple of weeks. However, we are more confident that the merger will close. The company recently quoted an installed base of over three million for its EPGs. We believe the emerging eBook business could be very large and we believe Gemstar can trade up to $130 in a positive environment, based on expected increased visibility towards its EPG advertising business. We recognize the difficulty stocks face in this environment and we believe Gemstar is profitable, proven, and patent protected." Regards, Scott