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

To: NY Stew who wrote (3699)	8/21/2000 12:51:34 AM
From: Jeff Bond	Read Replies (1) \| Respond to of 6516

From latest Webreport - GEMSTAR-TV GUIDE IMPRESSES WITH STRONG RESULTS Gemstar reported revenue of $63.2 million and EPS of $0.12 for Q1 of fiscal 2001, well above our estimates of $51.2 million and $0.10. We believe the Electronic Programming Guide business remains healthy as revenue upside reflects strong worldwide licensing activity, and momentum also appears to be building on the advertising front, as the company has signed on AOL, NBC, CBS, ABC, Fox and others. The eBook business also appears on track, with an eBook rollout, in cooperation with Thomson, this holiday season and potentially as soon as mid-October. The post-merger company is likely to provide its combined forecast within a few weeks, and we believe the outlook will be strong. While timing remains elusive, we expect to see several catalysts before the end of the year, including growth in the EPG's installed base via cable deals with the likes of Cox (COX $37-1/2), Comcast (CCZ $99-7/8), Charter and Time Warner (TWX $80-7/8), and more advertising traction through the engagement of the TV Guide sales force. We believe Gemstar is building a very large, high-margin, rapid-growth New Media company, and the stock is at the top of our buy list. On the technical side - I think we'll see some resistance and consolidation around $80 level, nice move up to this point, and due for some profit taking as well as losing the last of the weak hands. Good news if you ask me, since it sets the stage for a STRONG breakout at $80 1/8, which propel the stock to right near the $100 level. MACD is showing very good strength, as the stock took back off as soon as MACD fast hit the zero line. Any issue that has a MACD indicator that stays in the top half of the chart for an extended period of time is a VERY strong stock. GMST shaping up to do that it appears again, similar to last fall. I'm going to follow the breakout philosophy on trading GMST, and hold my other shares long. Looks like the numbers impressed, because the appreciation has been on pretty good volume. One question, any impressions on how the market will react to mixed numbers for combined GMST-TVGIA entity? Regards, JB