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Technology Stocks : Sirius Satellite Radio (SIRI)
SIRI 21.68-4.1%Feb 6 9:30 AM EST
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To: Glenn Petersen who wrote (6500)2/25/2007 11:22:45 AM
From: i-node  Read Replies (2) of 8420
 
If this deal gets done, and I think that there are some real regulatory issues here, even our friend will have to agree that the combined companies will be stronger because Mel will be running things day-to-day.

I do believe XM's CEO cratered in the last couple years and that Mel would do a better job, no doubt. Hiring Mel was the most important thing that happened at SIRI in the last 2 years.

OTOH, I don't believe having Mel at the helm offsets (or even comes close to offsetting) the negatives XM is taking over in SIRI's financial mess, bloated contracts, etc. And I think the costs of doing the deal have been tremendously underestimated, with the end result being the billions in synergies will not materialize.

So, Mel good -- pretty much everything else bad.
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