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

To: Mark Marcellus who wrote (1090)	11/19/2004 10:10:33 PM
From: i-node	Respond to of 8420

It's obvious they will ultimately have to do a lot better job of getting subs if they are going to survive, but their balance sheet and burn rate being what they are, they should probably go out with an offering ASAP to take advantage of the buzz. I wouldn't be buying though. SIRI's operating cash burn in Q3 was $100M (vs. XM's of $15M). They do have some problems. But MelK has a reputation for getting costs under control. The analysts are lining behind one side or ther other. There are those who see Stern as the Savior, and others who see him as a huge risk. I think those who see Stern as the savior are doing so because of "Old Radio Think". They simply don't comprehend the medium. It is easy for a Stern to steal the show when all he has to compete with is garbage. When you get some real content out there (like XM's Deeptracks or the Loft or HearMusic), Stern is not going to be that important. I think he's a breakeven proposition, or a marginal benefit. But what they could have done with $500 mln!!! One thing is certain. They bet the company on Stern.