CDRD (CD Radio) Message Board

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Technology Stocks : CDRD (CD Radio)

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To: VALUESPEC who wrote (634)	5/15/1998 10:13:00 AM
From: John Gault	Read Replies (2) of 904

Good enough. Let me tell you this, CD Radio is planning on getting the remaining money needed to launch the service sometime this year and if they can finance via bonds they will. That is important because it'll put the total amount of shares needed about 20-25% below what the analysts are expecting, thus raising the EPS estimates and the base rate before discounting begins. Hopefully CD Radio can stay on time and they can have the service available before Christmas '99, that would be a good time to start selling, imho. <SKYC won't be competition for CDRD> Let me rephrase that. CD Radio would have no reason to try and steal some of SKYC's market when 96% of the automobile radio market is untapped. We have a du'opoly<sp?> here, the services are different enough to be nothing but good for each other. ie. more awareness of satellite radio in general.. If both companies were only to get 5-7% of the market in 2005 we'd both be on the beach in South American buzzed on boat drinks. cheers

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