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: 100cfm who wrote (6324)	3/2/2004 6:45:37 PM
From: Madharry	Respond to of 6516

I thought it was a pretty good conference call. I liked what they had to say about TVG- that they would like to be able to offer betting via remote control. They also said they currently had 50,000 active betting accounts. Imagine being able to bet on the Kentucky Derby by remote control. That would be a pretty big market.

To: 100cfm who wrote (6324)	3/2/2004 8:35:36 PM
From: Mike Buckley	Respond to of 6516

100, Legal costs were 77M for 03. When all the dust settles that will be a nice chunk of cashflow to the bottom line. Not all of that impacts cash. Up to $25 million of it will be made in stock as part of the settlement of the class-action suit. There will be a minimum of $43 million in cash payments related to the settlement of the investor class action suit. The settlement allows the company to substitute up to half of the stock payment with up to $13 million in more cash. However, despite that the company got some of the bad news out of the way by recording the settlement on the 2003 income statement, the cash outflow won't be recorded until 2004. And don't forget that the settlement "does not resolve the related shareholder derivative suits or the non-consolidated securities fraud cases pending against the Company." There could be more bad news related to legal expenses. --Mike Buckley