To: rjk01 who wrote (5208 ) 9/25/2006 6:43:19 PM From: rrufff Read Replies (2) | Respond to of 8420 The whole article is a must read. From The Motley Fool Because so much of the overhead in this sector is fixed, things are expected to ramp up in a hurry once Sirius clears the bar. For 2010, Sirius is targeting $1 billion in cash flow before capital expenditures. If so, retail investors who have been accused of overpaying for Sirius will likely have the last laugh in picking up a growth stock for less than six times cash flow before capital expenditures. Yes, 2010 is a little more than three years away, but the moment of truth is now just quarters away. Stiletto heals Frear also had with him the Sirius Stiletto, a next-generation portable receiver that's waiting for the FCC to issue it an identification number before hitting the market. The Stiletto offers a few gigs of song storage capacity, and music fans will be getting a satellite radio receiver and a media player in one handheld device. Yes, XM and Sirius have already addressed that convergence with their latest batch of next-generation receivers, but the Stiletto also has Wi-Fi accessibility. If you find yourself in a thick building that has WiFi access but lacks satellite radio reception, Stiletto starts streaming the online version of Sirius' channels. Innovation is at the heart of satellite radio. For example, XM receivers can order digital downloads from Napster (Nasdaq: NAPS) once the receiver is connected to an online connection. In theory, the Stiletto should be able to do that without the cumbersome docking process. That would place the Stiletto at the cutting edge of high-end portable media players -- the Apple (Nasdaq: AAPL) family of iPods can't do that, and Wi-Fi functionality is what Microsoft (Nasdaq: MSFT) is hoping will win fans over to its fool.com