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


To: pompsander who wrote (6323)3/2/2004 6:28:47 PM
From: 100cfm  Read Replies (2) | Respond to of 6516
 
They mentioned on the CC that they will no longer be getting paid from the manufacturers of STBs that supply Echo Star and I imagine Comcast & TW but will be getting paid a monthly recurring fee.

Good news.

The only holdouts are SFA, Cablevision and Cox. Cable vision has been somewhat marginilized since they get they're boxes from pioneer who has recently settled with GMST. So a settlement with SFA isn't as important now since they provide ECHO STAR's boxes who just settled.

Legal costs were 77M for 03! When all the dust settles that will be a nice chunk of cashflow to the bottom line.