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To: StockHawk who wrote (38030)1/16/2001 1:01:15 PM
From: Uncle Frank  Respond to of 54805
 
>> if I'm a majority owner of a dozen companies and I wish to milk one of them to feed another, then the minority owners of the one milked will suffer, but is that likely in the GMST case?

The fact that such a scenario is possible disturbs me, SH, even if it isn't probable.

uf



To: StockHawk who wrote (38030)1/16/2001 4:54:15 PM
From: Mike Buckley  Respond to of 54805
 
StockHawk,

Forget the analysts who have no steak in the issues they follow.

I've changed to a low-fat lifestyle. Since I no longer have a steak in the issues I follow, I choose instead to have a stake in them. :)

I agree with all the points you make but I do believe there's reason to be concerned about whether it's the likes of Malone and Murdoch that control Gemstar's destiny or whether it's Yuen. Malone and Murdoch have multiple agendas due to the nature of the businesses they control and their history of buying and selling major enterprises. Yuen's agenda is more focused, less broad. If aspects of Malone's and Murdoch's larger agenda conflicts with Gemstar's narrower agenda, it's reasonable that Yuen loses some power in his ability to implement his agenda. The sceniaro of AT&T and @Home might be a good example of how control can be affected because of the various agendas of the owners.

--Mike Buckley