SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : American Mobile Satellite (skyc)
SKYC 5.950-33.1%Jan 2 11:58 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: froland who wrote (370)2/3/1999 2:04:00 AM
From: Ernie Kelley  Read Replies (1) of 400
 
XM Satellite Radio
The one reason I bought some SKYC and the one that everyone seems to be overlooking is the ownership of one, of only two, S-band licenses for satellite broadcast direct to automobiles. They have formed a jointly owned, privately held subsidiary, called "XM Satellite Radio" with privately held Worldspace. The only other license is held by CD Radio (CDRD). On January 15, 1998, American Mobile provided an additional $21.4 million of convertible financing for its subsidiary, XM Satellite Radio Holdings, Inc. which increased their share to 22% of XM. I received a very informative email from Eric Swank, Director Corporate Development and Investor Relations SKYC, which outlined their plans. He explained that "CD Radio has been more visible in their activities due to the fact that they are publicly traded and are a DARS "pure play.", but my feeling is that as soon as CDRD starts to launch someone is going to look to see who holds the other license. They have contracted with Hughes and Alcatel to construct 2 HS-702 satellites with 100 channel capability. This license could be their most valuable asset. They plan to be in service about the same time as CDRD. For more info about this service check out xmradio.com
Ernie
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News