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Technology Stocks : XM Satellite Radio Holdings Inc. (XMSR) -- Ignore unavailable to you. Want to Upgrade?

To: pcstel who wrote (548)	4/23/2003 5:34:43 PM
From: i-node	Read Replies (1) \| Respond to of 3386

Sorry! High Risk Debt Laden Telecom Junk is not my idea of an investment.. No matter who tries to tell me otherwise! I think you and I have gone far beyond producing sensible debate here, so let's just drop it. I'm pretty pleased with my investment. But I will be interested in knowing how you come out on your short long-term. A lot of shorts have been killed on this stock during the last week. A little pullback ought to come, and if you bail out then you may make some money. But if you try to stick with it long term you'll be killed. I think it is likely the stock will see high teens to low twenties between now and year end. Highly unlikely it will see 5-6 again...

To: pcstel who wrote (548)	4/23/2003 8:57:46 PM
From: DaveMG	Read Replies (3) \| Respond to of 3386

It may be high risk but of course that's where the potential reward lies, it's NOT debt laden due to the convertible nature of most of the debt, and it's certainly not junk. I wonder, have you spent any time actually listening to XM? I bought into the stock when it crashed in the fall because I felt it was clear the co would get the financing from GM and others. Since then, after buying a radio and spending quite a lot of time listening to it, I've become increasingly bullish. The programming is really good. I brought the boom box to a friend's house who lives in the country over the weekend and he and his son spent all Sat listening to it. Sunday morning, they had it back on. 10$/mo is an incredible deal for the amount of music and other programming. It's true that sub aquisition costs are high but they're trending down, and as volumes ramp, they'll decrease at a more rapid pace,eventually to zero if it becomes a sought after item. Don't know if you caught the head of Delphi on CNBC last week : "Everybody seems to want one of these XM radios for their car, picnics,boats. We are completely sold out". could go on. I owned QCOM from Sep 98 to JAn 2000. I've seen and felt this kind of action before and IMO it's just darned foolish shorting this thing at this stage.You might wake up tomorrow and read that Ford announcement or something else, but it's your money so go right ahead. Dave