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To: Frank Walker who wrote (1265)4/11/1999 8:39:00 PM
From: JRH  Read Replies (1) | Respond to of 54805
 
From the heart of the G&K W&W Portfolio (Strange day to make this announcement!):

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.