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

To: i-node who wrote (1539)	12/28/2004 8:27:09 AM
From: sixty2nds	Read Replies (2) \| Respond to of 8420

Just released on Briefing.com ---- FYI Yesterday the Briefing.com site Story Stocks section had a SIRI feature on valuation. IMO everybody here knows SIRI is expensive on ANY fundamental basis. FA isn't what's moving this. Keep a finger on the trigger....8:05 SIRI Sirius Satellite: Too much hype and expectations on Stern, risks to a capital raise - BofA (8.10 ) Banc of America reiterates their Sell on SIRI, although they raises their tgt to $5.25 from $3.68. Firm prefers XMSR and raises their tgt to $44 from $37, suggesting to buy it for growth and mgmt focus on OCF. While they see strong sub growth for SIRI as well, they cite too much hype and expectations on Stern, risks to a capital raise in the near-term, and uncertainty on timing of OCF profitability as reasons for their Sell rating. For overall satellite radio industry, firm sees strong growth ahead and raises their FCF growth rate est to 4% from 3.5%. Firm says SIRI continues to gain retail share, but XMSR's portables are showing stronger than expected demand as well.