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Technology Stocks : Sirius Satellite Radio (SIRI) -- Ignore unavailable to you. Want to Upgrade?

To: ALTERN8 who wrote (361)	5/1/2003 1:48:56 PM
From: i-node	Respond to of 8420

I still don't get why anyone wouldn't want commercial free radio? I don't think anyone is OPPOSED to it. It just really doesn't matter. I've had XMi for more than a year and I haven't noticed a commercial being played more than a couple of times. Commercials really aren't a problem; it is the long streams of commercials found on AM/FM that are really annoying. Honestly, the most annoying commercials on XM are the commercial pauses on the talk/news channels that are filled with junk -- junk which SIRI has, too. On the stations you listen to, you don't hear several minutes of commercials back to back -- it is more like once a month you'll notice a commercial. Literally. I think you may be low on your calculation of outstanding shares for XM. No, I'm not -- the numbers are very close, although shares are being issued as we speak pursuant to the earlier financing agreement; but ultimately, after all shares are issued, 275-300M is close; it could be less if subs are blown out (as it looks like they may be). As to a secondary, you're right -- its a rumor. There is little reason for one at this time, other than to capitalize on an improved price. I would expect them to wait until the stock is in the teens or 20s to do this. I small secondary will go a long way toward solving some future problems though -- if, for example, they issued 20M shares at $20 they could get rid of some 14% debt. I would be totally supportive of this once the stock price will support it.