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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (14343)	4/11/1999 7:20:00 PM
From: hoffy	Read Replies (1) \| Respond to of 25711

GEMSTAR just announced a 2-1 stock split. They are in a comparable business as IATV concerning TV interactivity. Gemstar will have almost 100 million shares outstanding selling at over $50/share. IATV only has 26 million shares outstanding at a price of $20. IATV is VERY undervalued. The price has a long way to go up. ---------------------------------------------------------- Sunday April 11, 5:26 pm Eastern Time Gemstar makes two-for-one stock split PASADENA, Calif., April 11 (Reuters) - Gemstar International Group Ltd. said Sunday its board of directors had approved a two-for-one stock split. Gemstar, which makes systems used to navigate television selections and program video cassette recorders, said in a statement the split would take the form of a stock dividend, payable on May 14 to shareholders of record as of April 30. Gemstar had about 48 million shares in circulation before the split. Its stock ended 2-5/8 higher at 108-1/8 on the Nasdaq market on Friday.