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Technology Stocks : Sirius Satellite Radio (SIRI)
SIRI 20.33-1.3%3:59 PM EST
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To: rrufff who wrote (1068)11/18/2004 6:45:25 PM
From: Esoteric1  Read Replies (3) of 8420
 
Timing is everything. Howard Stern's move to Sirius Satellite Radio gave a widely noted boost to the pay-radio provider's prospects. But the move was salt in the wound to Agere, which makes the chips for Sirius's radios. In April, Sirius dumped Agere in favor of STMicroelectronics, citing the latter's lower costs and better technology. Though Agere's contract with Sirius runs through mid-2005, analysts say the company will miss out on as much as $180 million in sales if Stern listeners actually start subscribing to Sirius in early 2006.

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