Sirius Satellite Radio (SIRI) Message Board

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Technology Stocks : Sirius Satellite Radio (SIRI)

SIRI 20.78

-2.1%

Dec 19 3:59 PM EST

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To: rjk01 who wrote (6220)	2/6/2007 10:31:51 PM
From: MJ	Read Replies (2) of 8420

"5) XM is owned by institutions. Institutions hold nearly 90% of the company. SIRI on the other hand, is only 28% owned by institutions. The biggest reason for this is many institutions have a rule that states they cannot own a company that has a stock price under $5. When/If SIRI hits the $5 mark and maintains that, you will see many more institutions buying in, which will drive the stock up further. " When a stock is owned to this extent of 90% by institutions------then how do the insititutions make $ on XM. To whom are they going to sell-------to each other? Not bashing or pumping just a question to ponder.

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