In 1988, Yuen and Kwoh teamed together to develop a simplified method for
programming VCRs that they referred to as VCR Plus. This technology became the
fl agship product of a small company they co-founded, Gemstar Development Corporation.
Although Gemstar produced only modest revenues during its fi rst few years
of operation, the company’s impressive technology and seemingly bright future persuaded
Business Week to name Yuen and Kwoh as the nation’s “best entrepreneurs”
in 1990. Five years later, Yuen and Kwoh took their company public, listing its stock
on the NASDAQ stock exchange. That exchange would eventually include Gemstar
in the NASDAQ 100, the stock index used to track the performance of companies
listed on the world’s largest electronic securities exchange. In 1997, a reported “falling
out” between the two men resulted in Kwoh leaving the company to become an
independent venture capitalist
In 1988, Yuen and Kwoh teamed together to develop a simplified method forprogramming VCRs that they referred to as VCR Plus. This technology became thefl agship product of a small company they co-founded, Gemstar Development Corporation.Although Gemstar produced only modest revenues during its fi rst few yearsof operation, the company’s impressive technology and seemingly bright future persuadedBusiness Week to name Yuen and Kwoh as the nation’s “best entrepreneurs”in 1990. Five years later, Yuen and Kwoh took their company public, listing its stockon the NASDAQ stock exchange. That exchange would eventually include Gemstarin the NASDAQ 100, the stock index used to track the performance of companieslisted on the world’s largest electronic securities exchange. In 1997, a reported “fallingout” between the two men resulted in Kwoh leaving the company to become anindependent venture capitalist
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