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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (13465)	11/29/2005 12:06:03 PM
From: Esoteric1	Read Replies (1) \| Respond to of 23958

08:31 SG Cowen raises satellite radio subscription forecast SG Cowen raises its net subscription adds estimate for the satellite radio sector by 14MM thru 2015 reaching an ending sub count in 2015 of 74MM. Both SIRI and XMSR should continue to benefit from increasing OEM commitments and retail awareness. The firm says its increase takes SIRI's 2015 market share to 44% from 39%. Also, the firm's DCF's now value SIRI at $10 vs $8.40 previously, and XM at $50 vs. $47.40. For XMSR, the firm's subs est is increased by 4.6MM to 41MM in 2015 based on increasing OEM commitments - GM, Honda, Nissan. SIRI subs are upped by 9.4MM to 33MM in 2015.... Also, Morgan Stanley raises its target on XMSR to $36 from $34 based on accelerating OEM penetration, declining equipment costs, and attractive duopoly market structure.