To: i-node who wrote (2835 ) 9/22/2006 4:53:10 PM From: pcstel Respond to The focus of my remarks is, and has been, that XM is out-executing Sirius in practically every respect. Now, it is true that there are shareholder lawsuits, and various investigations, and so forth -- and the stock's price has obviously reacted accordingly. But anybody can sue anyone; there is nothing that suggests any of these things have the slightest merit -- from the RIAA lawsuit which has zero basis in the law to the shareholder suits, which are obvious nonstarters -- none of it means anything. biz.yahoo.com - XM has 60% of the OEM market, the true battleground, as an exclusive. XM is far closer to being self-sustaining from the cash generated by operations -- this will become more apparent over the next 2-3 quarters. XM is adding more gross subscribers at half the cost per subscriber. The churn has ticked up, but by all appearances it is a temporary uptick. XM is far closer to being self-sustaining from the cash generated by operations -- this will become more apparent over the next 2-3 quarters. other than "Sirius got Stern" (conveniently ignoring the 3/4 billion cost of getting Stern, and his failure to grow his listenership to where their ad revenue approaches anticipated levels). But not one of you has put forth a RATIONAL ANALYSIS of the facts, XM's ad revenue will dwarf SIRI's in the coming year due to its relationship with GOOG, as every ounce of unsold inventory is snapped up overnight, sold to the highest bidder. Watch. The concept that the markets will forever value these two stocks inappropriately with respect to one another is silly. The market always gets it right -- in the end.
