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

To: Bill Keating who wrote (2711)	7/24/2006 10:58:26 AM
From: sixty2nds	Respond to of 3386

09:48 Previews on XMSR and SIRI: Remain Cautious on Both Stocks - AmTech AmTech notes that XMSR reports this Thursday and SIRI reports next Tuesday. Declining year-year growth in retail net adds appears to have turned negative this quarter. The impact of FCC inquiries on the miss for XMSR and current status will be important for both stocks. SIRI filed an 8-k last week indicating certain employees instructed suppliers to continue production of non-compliant radios. It appears SIRI decided to ignore the FCC until after Father's Day. Firm lowers their ests for both cos, with a more aggressive cut for XMSR and only slightly for SIRI. Firm expects XMSR will guide-down. Depending on impact of FCC compliance issues, SIRI may either reiterate guidance or temper expectations somewhat. As mix shifts from retail to OEM firm would like to see more disclosure from SIRI, who is very aggressive in counting subs. Typically 15-months or more before OEM promotions choose to become self-paying. SIRI does not disclose how many subs are in promotional periods or the rate of conversion into paying subs.

To: Bill Keating who wrote (2711)	7/24/2006 4:58:34 PM
From: pcstel	Read Replies (1) \| Respond to of 3386

By "your agenda" I mean why are you so passionate about companies you don't own and don't plan to own? You like doing good deeds for poor, misled anonymous investors? No one ever said that I don't plan to own any of these companies. As a matter of fact. If you check my record. I usually end up owning ownership in some of these companies. Of course, I do so by buying the secured debt at deeply distressed levels upon the BK filings. Companies like Iridium, Globalstar, Loral, Leap, etc. The real money to be made is in the secured debt at the right time. Not some foolish equity investment. The difference between myself and most novice equity investors is simple. I just read the numbers for what they are. I have quite a bit of experience in the Telecom subscriber business. And I called these SDAR companies ZERO's before most anyone here knew what SDAR's were. Now maybe you call this an "agenda". And maybe I consider it doing "Good Deeds". I can tell you that I have received more than one e-mail from investors that I have saved their retirements after providing actual data that finally got them off the Kool-Aid. You see.. I have no emotional attachment to these stocks. I can't count the number of times people have told me that "I don't need saving". However, when they do end up being a Bagholder. They hold me responsible, instead of all of their pumping buddiez™. On the other hand. I would have to disagree with you on your monopoly concept. The regulatory bodies involved would never approve such a concept. The path of least resistance is a reorganization. Everyone gets their clock cleaned except the secured. The company continues on in it's daily operations as though nothing has happened, but the common, unsecured, and in many cases the preferred are eliminated. Only the secured remain. Now, with a fresh lease on life, they are off to the races with their competition with a much lower debt burden. Looking ahead to both of these companies post re-organization. You will end up seeing the auto manufactures will end up with stakes in both companies. The last thing these companies can afford is to shake the confidence of the OEM partners. So you can be sure that they will carry the OEM's through the process with post reorg ownership stakes for each. I know the faithful don't like the contrarian views. But, both of these companies are in deep trouble. Just my opinion, PCSTEL