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

To: rrufff who wrote (1072)	11/18/2004 8:43:51 PM
From: Esoteric1	Read Replies (1) \| Respond to of 8420

Nevertheless, the gravitas of Karmazin combined with the popularity of the self-proclaimed "King of all Media" may be the boost the company needs to move from startup to standard-bearer. "Howard Stern clearly represents a major opportunity for Sirius," said Marlin. "Freeing Stern from the restrictions of broadcast radio will allow him to do what his audience wants him to do, which is to be outrageous. Over time, we think that satellite radio businesses will be absorbed into larger media companies." Shares of Sirius rose 21 percent, or 97 cents, to $5.69 in the evening session after closing down 23 cents, or 5 percent, at $4.72. marketwatch.com P.S.- I don't follow STM either. This does serve as testimonial to the effect a name like Stern and Karmazin can have on future/forecast revenues for SIRI and anyone that does business with them. I love the last line indicating a possible larger media company "absorbing" the satellite radio industry.