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

To: Michael Young who wrote (927)	10/6/2004 10:55:47 AM
From: rrufff	Respond to of 8420

SIRI - value is going to be controversial because of the wide swings possible. If you take 1 million x $13/ mo x 12 months = 156 million, which shows how easy it will be to break even. They are going to have advertisements and he will have other premium channels that he will be promoting. You can have a potential of billions in revenue, but I agree that this is very speculative. o/s is about 1.2 billion. Not hard to argue that it should be selling at 10 at a minimum. Bear in mind that I was always very negative on SIRI and even shorted it once successfully. Comparable to what Michael Jordan did for the NBA and NIKE, the latter being an even better comparison. Jordan made NIKE at its peak.