Yuen was replaced as chief executive officer in October 2002 by Jeff Shell, an employee of Murdoch's who had been running the Fox Cable Networks Group. Following continuing losses in the hundred million dollar range, including charges related to shareholder litigation, Gemstar's market capitalization fell.
Gemstar's CEO, Yuen, was replaced in October 2002 by Jeff Shell, a Murdoch affiliate overseeing the Fox Cable Networks Group. As a result of continued substantial losses, including costs associated with shareholder lawsuits, Gemstar's stock value declined significantly.