Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Andy B who wrote (4341)	11/27/2000 9:05:14 PM
From: Mike Buckley	Respond to of 6516

Thanks for that explanation of the walled garden, Andy. I think I can figure out "fenced prairie" on my own now. But if the prairie has any cows or horses in it, I'm gonna be watching very carefully where I step. --Mike Buckley

To: Andy B who wrote (4341)	11/28/2000 6:51:43 PM
From: Andy B	Respond to of 6516

Enhanced TV - Deutsche Banc Alex. Brown's Peter Ausnit Initiates Coverage of Three Companies NEW YORK, Nov. 28 /PRNewswire/ -- Deutsche Banc Alex. Brown analyst Peter Ausnit last week initiated coverage of three enhanced TV companies. Shares of Gemstar International Group Ltd. (Nasdaq: GMST) ($42.50) were started with an investment rating of STRONG BUY while shares of TiVo Inc. (Nasdaq: TIVO) ($12.19) and Wink Communications Inc. (Nasdaq: WINK) ($9.38) were initiated with an investment rating of MARKET PERFORM. This expands Ausnit's existing coverage of the enhanced TV sector, which is comprised of Open TV Corp. (Nasdaq: OPTV), Liberty Digital, Inc. (Nasdaq: LDIG), Liberate Technologies, Inc. (Nasdaq: LBRT) and RealNetworks Inc. (Nasdaq: RNWK). According to Ausnit, enhanced TV consists of many segments and each company has its own unique role within the sector -- Gemstar is the dominant provider of the most widely used interactive program guide (IPG) and owns TV Guide, the most widely read print guide to TV programming; TiVo is a pioneer in personal TV services, selling subscriptions to a personalization engine and amassing data describing TV programming; and Wink is the only end-to-end nationwide interactive TV direct-response advertising network. Ausnit believes that the key enabler of interactive television is the conversion of analog to digital broadcasting. Even though this conversion is driven by the desire to deliver more channels, Ausnit points out that it also has served to put the necessary infrastructure in place for enhanced TV services. As such, he expects over 200 million digital set top boxes to be in use worldwide by 2005 and he forecasts that by 2010, interactive services will generate an incremental $30 billion annually in the U.S., which is about twice what traditional TV advertising delivers today. At present, Ausnit is recommending that investors focus on Gemstar given that it holds most of the intellectual property of the IPG. "In our view, the fundamental growth drivers underpinning Gemstar are the growth of TV channels and time spent watching TV," said Ausnit. "Short of death and taxes, these are among the most dependable trends in our world and suggest that Gemstar could become a high-margin, multibillion-dollar revenue generator within the next several years." Deutsche Banc Alex. Brown identifies the US investment banking activities of DB Alex. Brown LLC (formerly BT Alex. Brown Incorporated) and Deutsche Bank Securities Inc., which are indirect subsidiaries of Deutsche Bank AG. With over EUR995 billion in assets as of September 30, 2000 and approximately 95,000 employees, Deutsche Bank offers its clients unparalleled financial services throughout the world. It ranks among the leaders in asset management, capital markets, corporate finance, custody, cash management and private banking. Deutsche Bank is divided into five major business units: Global Corporates and Institutions, Global Technology and Services, Asset Management, Corporates and Real Estates and Private and Retail Banking. Within the past three years, Deutsche Bank Securities Inc. or its wholly owned subsidiary, DB Alex. Brown LLC, has managed or co-managed a public offering of Wink Communications Inc. Deutsche Bank Securities Inc. maintains a net primary market in the common stock of Gemstar International Group Ltd. and Wink Communications Inc.. Gemstar International Group Ltd., TiVo Inc. and Wink Communications Inc. stocks are optionable. Information herein is believed to be reliable and has been obtained from sources believed to be reliable, but its accuracy and completeness cannot be guaranteed. Opinions, estimates, and projections constitute our judgment and are subject to change without notice. This publication is provided to you for information purposes only and is not intended as an offer or solicitation for the sale of any financial instrument. Deutsche Bank Securities Inc., DB Alex. Brown LLC, and their affiliates worldwide, may hold a position or act as market maker in the financial instruments of any issuer discussed herein or act as advisor or lender to such issuer. Transaction should be executed through a Deutsche Bank entity in the client's home jurisdiction unless otherwise permitted by law. Deutsche Bank Securities Inc., and DB Alex. Brown LLC, are members of NYSE and NASD. Copyright 2000 Deutsche Bank Securities Inc., and DB Alex. Brown LLC. In the U.S. this report may be distributed either by Deutsche Bank Securities Inc., or DB Alex. Brown LLC. Interested parties are advised to contact the U.S. entity they currently deal with, or the U.S. entity that has distributed this report to them. SOURCE Deutsche Banc Alex. Brown Web Site: dbgroup.com