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Strategies & Market Trends : CD Radio (CDRD) A FLOOD OF STOCK
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To: Michael T. who wrote (15)12/22/1997 12:58:00 AM
From: Candle stick  Read Replies (2) of 20
 
This weeks issue of "Barron's " has an article on CDRD basically saying much of what I have been posting here recently. The valuation is absurd and the concept perhaps not even plausible.....check out the article which will no doubt wipe at least 3-4 points off the stock right on Monday:

some juicy excerpts:

"Is CD Radio on the leading edge? To us, it looks like the bleeding edge"

and this for the concept as a whole:

"Among the doubters is the Consumer Electronics Manufacturers Association, an industry trade group, which simulated satellite radio in San Francisco last year using a NASA satellite. That testing "demonstrated significant technical problems" with satellite radio at the high frequency that will be used by CD Radio. The association's tests found "extensive signal blockage by terrain, buildings, foliage and even street signs" that would result in service outages in urban areas, and make it nearly impossible for CD Radio to meet its goal of providing "nearly seamless" coverage throughout the U.S. The
association estimates that CD Radio would have to install hundreds, if not thousands, of supplemental transmitters in urban areas to maintain a high-quality signal. The cost of such transmitters could prove prohibitive. On top of that, the association maintains there could be reception problems in vehicles traveling at more than 30 miles
per hour, regardless of terrain."

Wow! My original prediction was for CDRD to hit the gap at 8-11 dollars before yearend....I think I still have a good chance after this article.....best of luck to all, and Happy Holidays everyone! .............;^)
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