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

To: Andy B who wrote (3498)	7/29/2000 11:41:24 AM
From: Andy B	Respond to of 6516

More on SFA litigation bizjournals.com Gemstar's vice president of intellectual property, Jonathan Orlick, said that Gemstar CEO Yuen was "at his wit's end" and wanted Scientific-Atlanta to commit to the $20 million to prove it was serious about paying past royalties, according to Havey's statement. "Henry is serious," Orlick said. "He's a serious person." Havey agreed to a meeting with Yuen on Dec. 4 to continue negotiations. But before they met, on Dec. 3, Scientific-Atlanta filed an antitrust suit in U.S. District Court in Atlanta against Gemstar, alleging that Gemstar was attempting to create a monopoly through the acquisition of patents, and has attempted to extend its monopoly to the market for advertising in the program guides. I think that with the DOJ's approval of the merger SFA's antitrust suit is moot.