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To: fedhead who wrote (10282)	1/7/2002 4:12:34 PM
From: patron_anejo_por_favor	Respond to of 57684

<<What happened to XMSR today ? Any news that could account for the drop.>> This is probably what dropped it (seems to be an extreme reaction over a few thousand subscribers to me). Probably some weakness still in sympathy with SIRI's secondary announcement last week, too. 3:47PM XM Satellite (XMSR) 14.85 -1.29 (-8%): -- Update -- Hearing from sources that SG Cowen is out in defense of XMSR; firm says it was expecting about 25K subs at yr-end. While it appears that others were expecting a blowout number, XMSR's reported sub figure of 28K (yr-end) is consistent with Cowen's thesis. 3:44PM XM Satellite (XMSR) 14.74 -1.40 (-8.7%): -- Update -- Ladenburg Thalmann believes that the market has priced in a figure of 33K subscribers for XMSR, and that substantially different numbers from this could move both XMSR and Sirius (SIRI 9.28 -0.67) shares. XMSR has just now issued a press release stating that it has more than 30K paying subscribers, with 28K at yr-end, "exceeding most Wall Street analyst year-end estimates." 3:23PM XM Satellite (XMSR) 15.40 -0.74 (-4.6%): Stock falls to a fresh low for the session. Traders attributing price weakness to Bloomberg report that co has signed up over 30K subscribers, meeting "some" analyst estimates.