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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?


To: Lizzie Tudor who wrote (52562)8/27/2002 4:10:48 PM
From: paul_philp  Read Replies (2) | Respond to of 54805
 
Lizzie,

There is a world of difference between Gemstar and Peregrine. IMO, Peregrine wrote the book on handling financial scandals. Peregrine broke the news itself. The day they broke the news they announced that the CEO and CFO had been fired as well as the firm's auditors. They announced the size of the problem and the details of the problem. From the first day of their scandal Peregrine's board appeared both open and decisive. They acknowledge the issues straight up and dealt with them head on.

If you could invert the above paragraph you would get Gemstar. In addition to the financial scandals, the value of Gemstar's intellectual property has recently come into question. Combine a closed management team with a rapidly declining competitive advantage and a sell recommendation seems sane to me.

Paul



To: Lizzie Tudor who wrote (52562)8/27/2002 4:39:04 PM
From: Mike Buckley  Read Replies (1) | Respond to of 54805
 
Lizzie,

A recent article on yahoo said naz listings are down the the levels of 1983. Maybe they are lightening up on the listings requirements...

There was an official announcement awhile back by Nasdaq that former regulations regarding delisting that are related to the low price of the stock are being relaxed until further notice. Don't hold me to the exact details, but it was something to the effect that if a stock price stayed below $1.00 for 30 days it would be delisted. Whatever it was, it's not being stringently enforced these days.

--Mike Buckley