Eric Mitchell

Gemstar Stock Crashes 39%

Gemstar-TV Guide International, the parent company of the TV Games Network, lost 39% of its value Monday in a frenzy of selling. Investors reacted to a ruling June 21 that Gemstar's patents for an interactive television program guide have not been infringed by competing products.

AQHA Lifts Embryo Transfer Registration Ban Entirely

The American Quarter Horse Association has eliminated all restrictions regarding the registration of foals produced through embryo transfer as part of an out-of-court settlement with a coalition of breeders. The ruling could affect the rules of other registries, including The Jockey Club.

Youbet.com Hires Exec Away from Disney

Youbet.com has hired Gary Sproule, a former Disney executive, as its chief financial officer. The California online racing and wagering company also announced a marketing agreement with California fairs.

Fight Your Corner Running in Epsom Derby

Fight Your Corner, winner of the Chester Vase, will run in the Vodafone Epsom Derby. Sheikh Mohammed, who bought the colt to race in the colors of his son, Sheikh Hamdan bin Mohammed al Maktoum, made the decision to pay a £90,000 supplementary fee after consulting with Sheikh Hamdan and trainer Mark Johnston.

Youbet.com Promotes Seven Managers

Youbet.com announced the promotion of seven managers Wednesday. Leading the list are former jockey agent Jeff Franklin who has become vice president of product management and Chris McConnell who is now executive director of track relations and player development.

Real Quiet Lawsuit Dismissed

A U.S. District Court judge on Thursday ruled to dismiss a fraud and breach of contract suit involving the retirement of 1998 Kentucky Derby (gr. I) winner Real Quiet.

TVG Enjoying Triple Digit Growth

The TV Games Network is enjoying record growth due to the opening of Hollywood Park, the Kentucky Derby (gr. I), and an increasing popularity in Quarter Horse racing at Los Alamitos.

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