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Technology Stocks : XM Satellite Radio Holdings Inc. (XMSR)
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To: SEAN007 who wrote (79)5/18/2001 12:49:01 PM
From: Bread Upon The Water  Read Replies (1) of 3386
 
Sean007,

I can't speak for SIRI's financials, but I do think XMSR has a reasonable chance of success here because it has several partners with deep pockets who have a stake in the venture. GM, Motient, and Honda (I think). It will take a while to get off the ground (no pun intended), but as long as there are no technical problems I think this will become kind of status thing--especially among singles and long distance truck drivers. If people bought in April they already have about a 200% return ($4.50 to over 17 as of yeaterday---and if you bought May call options with a stike price of 10 you've seen about a 1000% return) so they have made money. I think the upside from here will be much slower in developing depending on how the product rolls out. I do think though it has a reasonable chance of success.

Star44
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