Sirius Satellite Radio (SIRI) Message Board

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Technology Stocks : Sirius Satellite Radio (SIRI)

SIRI 20.22

-0.6%

Dec 30 3:59 PM EST

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To: Esoteric1 who wrote (1049)	11/12/2004 9:17:19 AM
From: Esoteric1	Read Replies (1) of 8420

Smith Barney starts SIRI at Hold ($7 tgt), but sees SIRI a better value than Hold-rated XMSR. zacks.com 07:06 SIRI Sirius Satellite started with Sector Outperform and XMSR with Sector Performer at CIBC (3.85 ) -- Update -- CIBC initiates Satellite Radio Sector with a Sector Outperform on SIRI and a Sector Perform on XMSR. Firm views satellite radio as one of the few growth stories among subscriber/service businesses and sees for subscribers to grow to 37 mln in 2013 from 4 mln estimated in 2004, with the industry's valuation increasing to $30 bln in 2013 from $16 bln today. Firm believes SIRI is undervalued on 2006 ests. They also believe current sub estimates favor co over XMSR, as there is still upside in the retail channel for co based on another product release in FY05 and greater emphasis from Chrysler. SIRI price tgt is $6.50. For XMSR they believe that the stock fully discounts their projections of 2005 and 2006 subscriber count. ^^^^^^^^^^^^^^^^^^ (This is via Briefing.com, Platinum Service. Gotta pay for it to access it and there's no link, since it's Live In Play.)

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