Gemstar Head Floats SkyMall Sale at Shareholders Meeting

At a meeting of shareholders this week near the company's Pasadena, CA, headquarters, Gemstar-TV Guide International Inc. chief executive Jeff Shell said sales of its SkyMall catalog business and its electronic book operation were possible, Reuters reported.

Shell said the company had a strong base of patented technology and a healthy balance sheet to build from, but needed to better run its flagship magazine and interactive programming services.

"It's been a rough six to 12 months for the company, both corporately and operationally," Reuters quoted Shell as telling the meeting of a few dozen shareholders and employees.

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