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Technology Stocks : Sirius Satellite Radio (SIRI)
SIRI 20.60-0.3%Dec 26 3:59 PM EST

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To: i-node who wrote (1084)11/19/2004 10:02:29 PM
From: Mark Marcellus  Read Replies (1) of 8420
 
It is going to be interesting to see what kind of pop Sirius gets from all this exposure. The Letterman appearance last night was great for Sirius. But will it translate to subs?

The other question is whether the immediate objective of all this is more to sell subs or to sell shares. Historically, SIRI has done a much better job with the latter.

It's obvious they will ultimately have to do a lot better job of getting subs if they are going to survive, but their balance sheet and burn rate being what they are, they should probably go out with an offering ASAP to take advantage of the buzz. I wouldn't be buying though.
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