GEMSTAR-TV GUIDE SHARES SENT SOARING.Byline: Dereck Andrade
Originally, the name Andrade (sometimes Andrada Staff Writer PASADENA - Shares of Gemstar-TV Guide International Gemstar-TV Guide International, Inc. is a media company that licenses interactive program guide technology to multichannel operators, such as cable and satellite television providers, and consumer electronics manufacturers, video recorder scheduling code under brands such as VCR Inc. jumped 21.6 percent Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant after the media giant announced a 20-year interactive program-guide licensing deal with Comcast Comcast Corporation, (NASDAQ: CMCSA) is the largest[1] cable television (CATV) company and the second largest Internet service provider in the United States. Cable Communications Inc. The announcement helped Gemstar close at $35.19, up $6.25 from the company's 52-week low it had posted Thursday. Analysts said the deal with Comcast, a division of Comcast Corp. based in Philadelphia, appears to be a solid victory over competitor TV Gateway, another provider of interactive television guides, owned in part by WorldGate Communications Inc. Financial terms were not disclosed. Peter C. Boylan III, Gemstar's co-president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , said Gemstar has various interactive programming guide deals in varying stages of development right now. ``I am confident that this will be the first of many new relationships we establish with Comcast and their affiliates as we continue to introduce exciting new products to the marketplace like Television Games Network,'' Gemstar's Boylan told analysts and investors from Palm Desert during a conference call. Comcast plans to deploy TV Guide Interactive in the majority of its cable homes, including those in Ventura County. Analysts surveyed by Thomson Financial/First Call expect Gemstar to post first-quarter earnings of 24 cents a share. Last year, Gemstar bought TV Guide Inc. to become the top distributor of TV program-guide services. Comcast is the third-largest U.S. cable operator, and the third among the nation's top cable companies to sign a long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. deal with Gemstar, analysts said. |
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