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Technology Stocks : XM Satellite Radio Holdings Inc. (XMSR) -- Ignore unavailable to you. Want to Upgrade?

To: pcstel who wrote (2268)	2/21/2006 6:55:07 PM
From: i-node	Respond to of 3386

So we are no going to include the costs of the MARKETING STAFF or the amortization of the GM guarantee.... But, somehow, you seem "mystified" that SIRI's CPGA is so much HIGHER than XM's? The GM amortization is 9.3 million/quarter. You do the arithmetic; it effect is a few dollars. As to marketing staff, that's even less. No, this doesn't explain it ... it explains a few $$$ of it, though.

To: pcstel who wrote (2268)	2/21/2006 7:12:34 PM
From: i-node	Read Replies (1) \| Respond to of 3386

??? The MLB contract delayed UFCF by 2 YEARS?? First it's baseball then it's the Oprah Channel. Just like I told you.. Nothing but a popsicle stand. You can buy more and more popsicle's, but in the end, they end up melted all over the table. No; but if you look, they paid a couple years up front on those rights. The Oprah deal was acquired at a really good price and it wouldn't have made sense not to do it. But contrary to the views of some, XM DID have to put up a fight in Q4. That is not typical, hasn't been, and clearly won't be. But it was necessary in Q4, otherwise they might have suffered losses of a more permanent nature. Stern and NFL at Sirius did make the competition tougher for XM. But realistically, XM has done a pretty fair job controlling expenses in the face of it. The NFL and Stern were bonehead moves that no reasonable person could have anticipated. Has XM slipped a little in getting to CFBE? Yes; but not to an extent that warrants the kind of selloff we've seen. The stock is still underpriced and I still think it will be back strong before year end.