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

To: Esoteric1 who wrote (1040)	11/11/2004 9:00:17 AM
From: Esoteric1	Respond to of 8420

EchoStar Dishes Up Value By Phil Wohl November 9, 2004 The trend toward parking ourselves in front of a television and not moving until "natural" needs take over has heightened. As an EchoStar Communications (Nasdaq: DISH) DISH Network subscriber, I have enjoyed the clear sound and picture of satellite television, but I now have even more reason to sit still like a rock. For months now, I have been enjoying the sounds of Sirius Satellite Radio (Nasdaq: SIRI) on my dish. I click on the commercial-free music programming about as much as I watch reality programs and my favorite new show, Lost. I also discovered (with the help of my son) an arcade-style golf game on Channel 100 the other day; in truth, I shot 83 over par the first round and then improved to a sizzling 61 over the par-72 course. The key to EchoStar's future is subscriber and market-share growth; in the third quarter, DISH Network added 350,000 subscribers and serviced a total of 10.5 million customers. The company and its main satellite competitor, DirecTV (NYSE: DTV), have been gaining momentum and market share in recent quarters and have been, frankly, making cable operators such as Comcast (Nasdaq: CMCSA) and Cablevision (NYSE: CVC) a little nervous. The company's results for the third quarter were a mixed bag: Total revenue of $1.86 billion was 28% more than last year's revenue ($1.45 billion) and 2.8% ahead of the consensus estimate of $1.81 billion; and earnings of $0.22 per share widely beat last year's earnings of $0.07 per share but were a cent behind the analysts' consensus estimate of $0.23. EchoStar also announced a one-time stock dividend of $1 per outstanding Class A and Class B common share. EchoStar has been traditionally categorized as a growth stock, but it appears the winds of valuation have shifted. Trading at only 19 times the 2005 earnings estimate of $1.61 per share, the shares appear to be attractive relative to the company's long-term growth rate of 30%. fool.com

To: Esoteric1 who wrote (1040)	11/11/2004 9:14:16 AM
From: Esoteric1	Read Replies (1) \| Respond to of 8420

HOWARD WANTS OUT OF JOB NOW By JOHN MAINELLI November 11, 2004 -- HOWARD Stern — claiming he's being "jerked around" and "threatened" by his bosses — says he might start on satellite radio a lot sooner than Jan. 1, 2006. "A buddy of mine who shall remain nameless says . . . Viacom is trying to get Sirius [Satellite Radio] to pay off my contract and then I would leave early 'cause Sirius is anxious to get the show started," Stern told listeners yesterday. The top-rated bad boy — who shocked the radio world last month with the announcement he was quitting broadcast radio to take a big-money offer from satellite radio — has been sounding uncharacteristically depressed of late. He says he's being peppered by "legal letters" and "threats" from Viacom lawyers. And elsewhere around the country — Stern airs in 46 cities — his show is being heavily censored by Infinity, Viacom's radio unit. "Jimmy Kimmel wrote me [that] they're trashing the show [in L.A.], cutting pieces out and putting in more commercials than ever," Stern said. "I'm like, 'Dude, I'm so outta here, let 'em do whatever they want.'" Stern even attacked the head of Infinity — dubbing him "Joel 'dangerously close to losing his position' Hollander" — and claimed Hollander is "busy meeting with lawyers [to] see if I violated my contract in some way. "Hey, I had a contract with you and I honored it," Stern said. "You want to pay off, let me know," he said. "You don't want to pay off, I'm here for the duration. "But you don't have to be d—-heads about it." Stern is worth as much as $100 million to Infinity, but the company recently made it clear that it considers him only a small part of the Viacom media empire. Infinity and Sirius declined comment, although Sirius CEO Joe Clayton told analysts last month that a contract buyout "is indeed a possibility."