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Technology Stocks : CDRD (CD Radio)

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To: Eman03 who wrote (76)5/7/1997 7:25:00 PM
From: Kramer   of 904
 
You coward! You shouldn't cover so fast. Going long on this one????...only if you are in love with the concept and willing to wait for a return...not that that is always a bad idea because I've done that before, like when I bought Turner Broadcasting some 17 years ago..everyone said I was crazy then. I don't think cdrd is something to fall in love with. Now I know alot of people think I'm crazy now too, but currently I'm in love with skyc which at least has revenues and has had experience launching their own satellite and has their foot in more than just DARS and is being backed by Hughes and AT&T, although I know I'm going to have to wait. skyc already has 30 mil in revenues, cdrd will have no revenues for more than two years. If you really loved the idea of DARS..what company would you bet on?

I guess I don't have to explain to you that their satellite won't even be launched until 1999 and then they are going to have to change their plan as a subscription service, if they don't go commercial they will fail!

Does anyone know how much that satellite is going to cost?
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