Sirius Satellite Radio (SIRI) Message Board

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Technology Stocks : Sirius Satellite Radio (SIRI)

SIRI 20.36

+0.1%

12:36 PM EST

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To: sixty2nds who wrote (3501)	1/11/2006 10:48:33 AM
From: sixty2nds	Read Replies (1) of 8420

10:34 SIRI Sirius Satellite: Oppenheimer comments on mixed shelf filing (6.24 -0.26) -Update- Oppenheimer notes the SIRI's filing of a shelf registration for the sale of Howard Stern's stock. SIRI's deal with Stern mandated that SIRI register Stern's shares once they were issued. They say the filing is second in a series of events related to Stern's compensation, which is currently valued at $623 mln. They note it was originally valued at $500mm.They expect today's filing may add to the confusion over where that additional value is coming from. Some have mistakenly assumed that it comes out of SIRI's pocket when it is actually inherent in the value of SIRI's stock. They believe this could put a drag on SIRI today, creating a buying opportunity for the stock

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