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Technology Stocks : CDRD (CD Radio)

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To: Dennis Roth who wrote (882)12/5/1999 5:39:00 PM
From: Manfred Sondermann  Read Replies (1) of 904
 
You are right. I have been watching for this report too and couldn't
find it anywhere.

>> I have no doubts that they will eventually get all three satellites
>> up and working.

Let's hope so. But don't forget that CDRD is the second company to
test the new second stage of the Proton. Even the Russians do not use
their right of priority to lift their part of the International Space
Station. They rather prefer a "wait and see what happens" habitude.

>> IMHO, the real risk with Sirius Satellite Radio is whether they
>> will generate enough income to cover the payments on their very
>> large debt.

Many people on Wall Street think so. But here I have no problem.
There are several researches on this subject made by Bank of America,
MITRE Corp., Arbitron, Critical Mass Media, Strategic Marketing and
Research stating 35 M - 45 M DARS subscribers til 2004 willing to pay
$10 per month. And don't forget the warrent deal with Ford: Ford can
execute their options over 4,000,000 stocks not before they have
installed 4 million CDRD equipements in their cars. And D. Margolese
said they need only 1.7 million subscribers to get into the blacks.
Merrill Lynch's estimate on that is 2.5 million subscribers.
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