Gemstar Q2 Profits Rise

LOS ANGELES -- Gemstar-TV Guide International, Inc. (NASDAQ:GMST - News) announced that for the quarter ended June 30, 2007, the Company reported revenues of $155.6 million, an increase of 17% versus the prior year's quarter.

Operating income for the second quarter of 2007 was $24.7 million, an increase of 63%, compared with operating income of $15.2 million for the second quarter of 2006. The Company's second quarter 2007 operating income was positively impacted by a 40% increase in revenues in the Guidance Technology and Solutions segment.

Net income for the second quarter of 2007 increased 42% to $20.8 million, or $0.05 per share, compared with net income of $14.6 million, or $0.03 per share in the second quarter of 2006.

Gemstar TV Guide's Chief Executive Officer Rich Battista said, "The second quarter was once again a period of significant progress across the Company's businesses and we are pleased with the results. Much of our increased revenue and operating income can be attributed to growth in our IPG businesses, particularly the expansion of IPG Patent Licensing both internationally and to new media platforms. As we continue to focus on this area, we recently signed strategically important new agreements with SKY Italia, MeeVee Inc., and Titan TV."

Gemstar-TV Guide International Inc. (Nasdaq: GMST)