Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (159941)	2/3/2003 4:50:59 PM
From: i-node	Read Replies (1) \| Respond to of 1588038

I read where they had nailed both Ford and Daimler Chrysler as customers. SIRI is debt free but has been heavily diluted to get that way -- they have 1.2B shares outstanding, where XMSR has a fully diluted 260M and a lot (600M+) 14% debt. But XM has 400k subscriptions, where SIRI has 30K. XM has enough money to get to break even, SIRI is damned near broke right now, but they've got OPPY behind them, so they may be able to come up with more dough. XM's deal with GM gives it exclusivity -- GM can't use SIRI -- but at a big, big price. There is a lot of talk that Ford may bail and switch to XM shortly, which I think would devastate SIRI. The big difference is in the execution. XM's management has hit every subscription target, has delivered the financing without HUGE dilution, and basically has just performed better. SIRI hasn't done anything on time yet and there is a lot of talk they may end up in bankruptcy. I've been in and out of SIRI a couple times; for now I'm out, but if it gets back to 60-70c a share, I'll buy some more. I've owned XM's product for more than a year and just bought my second one. Would never be without it again. Will probably buy a third one (wife's car) soon...