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

To: Apollo who wrote (3519)	7/31/2000 4:44:49 AM
From: Allegoria	Respond to of 6516

Headend-based versus Set-top centric...interesting spin. Worldgate developing a headend-based product versus Gemstar set-top-centric model. Good luck, Eric 1110 PDT Wednesday, July 26, 2000 WorldGate Challenges Gemstar/TV Guide WorldGate, backed by a posse of powerful MSOs, took the wraps off plans to introduce its own electronic programming guide. TVGateway promises to provide competition to the newly formed EPG behemoth Gemstar/TV Guide. Comcast, Charter, Cox and Adelphia will all chip into the joint venture that will create an option to Gemstar’s iron grip on the segment that’s a cornerstone to digital and interactive offerings. WorldGate hopes to avoid infringing on Gemstar’s technological territory by delivering a headend- based product through its Channel HyperLinking and Ultra- Thin Client technologies. While Gemstar has a set- top- centric model, its executives already issued warnings that it will scrutinize the newcomer. In addition to the EPG, the MSOs announced plans to roll out WorldGate’s flagship Internet on EveryTV service to a predetermined, but unannounced, number of households. They will also invest $24.5 mil. in WorldGate and earn warrants for the distribution of WorldGate services beyond the initial commitments. The move has already been successful for WorldGate on Wall Street. The two-week- long buzz pumped up its shares from $19.75 on 7/13 – the day after Gemstar completed its acquisition of TV Guide – to $30.06 in early trading. The 52% jump powered the company’s market value to $646 mil.