Gemstar-TV Guide shares drop - Broadcasting & Cable

Gemstar-TV Guide shares drop

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Shares of Gemstar-TV Guide International Inc. plummeted more than 30
percent in trading Tuesday after Wall Street analysts raised concerns about the
company's accounting methods.

In a filing with the Securities and Exchange Commission late Monday, Gemstar
said it recorded $107.6 million in revenue over the past 29 months from one
company, even though none of that money has been paid.

Gemstar's shares closed down $5.35, or 37.26%, to $9.01.

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