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Technology Stocks : Sirius Satellite Radio (SIRI)
SIRI 20.60-0.3%Dec 26 9:30 AM EST
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To: i-node who wrote (3530)1/13/2006 8:38:29 AM
From: rrufff  Read Replies (1) of 8420
 
Here you are. After suffering one of the initial embarrassments, your prediction was moved up a bit from $2, but just as pitiful and obsessed. As we now know, Stern has already brought a couple of million subs and this is his first week on Sirius.

I realize you're excited about this little pop, but I've been around here a while and I've seen them before. If, *IF* the sub #s don't materialize for Sirius, and *IF* they can't get costs under control, this turkey will be back to 3 or below just as quickly as it got to 5. It continues to be severely overpriced in the absence of any true evidence that Stern will bring in a couple million subscribers. If he does, it was a great gamble. If he doesn't, Sirius has a long, hard, 5-10 year climb to breakeven on its hands.

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