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

To: 100cfm who wrote (6332)	3/3/2004 1:09:38 PM
From: Mike Buckley	Read Replies (1) \| Respond to of 6516

100, The press release didn't mention that the operating income of 44-69M included write down of intangible assets. That's an important point with respect to expected deterioration or not of stockholders' equity. I still haven't listened to the conference call and hope it clarifies the issue. From your numbers there seems to only be aprox 300M left in intangible assets. I wonder if you're forgetting to include good will, which is also an intangible asset. All of my previous references to intangible assets include good will. Those total intangible assets are currently valued at $686 million. The question is are they writing off the balance of the intangible assets? The skeptic in me and the track record of the last three years tells me that there seems to be no end to the devaluations. If all the above makes no sense, it's OK cause it's made my head spin.<g> True for me too. I would make any bobblehead appear relatively stable. :) The part that totally lost me was your stuff relative to the satellite business. I'm sure that's because you've digested the relevant details which I haven't even glanced at. I don't know if there will be any cash expenditures to pay taxes next year. If there are no tax losses to carry forward -- a subject that I'm totally clueless about -- there will be some taxes to pay. --Mike Buckley