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


To: Esoteric1 who wrote (3587)1/23/2006 12:30:24 PM
From: sixty2nds  Respond to of 8420
 
09:54 SIRI Sirius Satellite: Stern adds 360k in Q4; SAC estimate lowered - Sanders Morris (6.37 +0.06)

Sanders Morris notes that SIRI is scheduled to release its Q4 earnings in early February 2006. They expect another positive call, centered on Howard Stern's impact, lower-than-expected SAC, and improving metrics. They calculate that Howard Stern added 360,000 subs at Sirius in Q4 05, and expect another 275,000 additions due to Stern in Q1 06. They also expect Q4 05 SAC to come in lower than the Street expects. They also think 2006 results will beat guidance by a wide margin. They note that guidance is for 6.0 mln subs at year's end; they are modeling 6.5 million subs.