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

To: Esoteric1 who wrote (1074)	11/18/2004 11:01:42 PM
From: Esoteric1	Respond to of 8420

"This is a one-two punch," says SG Cowen Securities analyst Tom Watts. "Up to now, Sirius has been more of a technology company. Seeing Howard come over, and now Mel, is transforming it into show business." Stifel Nicolaus & Co. analyst Kit Spring shares that enthusiasm: "Karmazin is just what Sirius needs. Sirius has been a bit of a spendthrift, and Karmazin believes in cost controls. Also, he's an excellent salesman." His $1.25 million-a-year deal is far less than his pay as president of Viacom, which he left last summer after years of friction with CEO Sumner Redstone. And Karmazin says he'll quickly buy lots of Sirius stock. "I'm a believer. Satellite radio will be the biggest growth part" of the radio business.