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

To: HEXonX who wrote (5434)	10/27/2006 2:35:01 PM
From: i-node	Respond to of 8420

Another fine analyst weighs in. Has been pumping SIRI for a couple years now, and for no good reason, whatsoever, suddenly throws in the towel. Downgrades SIRI because of XM's "legal and regulatory woes" (LOL). Idiocy abounds. Oh, and the really funny part - SIRI gaining on XM in auto OEM channels? While Toyota, Hyundai, and Nissan are all rolling out XM-only factory install programs? This fellow would fit right in on this thread S&P Equity Research Downgrades Sirius Satellite Radio (SIRI) to Buy 10-27-2006 02:00:24 PM S&P Equity Research downgrades Sirius Satellite Radio (Nasdaq: SIRI) from Strong Buy to Buy. Price target lowered from $8 to $5. S&P analyst, T. Amobi, says, "While mostly triggered, in our view, by legal/regulatory woes at rival XM (Nasdaq: XMSR), investor sentiment has weighed on the satellite radio sector for much of '06, giving us some pause. Still, we see SIRI gaining on XMSR in retail and automotive OEM channels. After what we saw as strong pre-announced Q3 net adds (ahead of 11/8 release), and with SIRI's self-funding model, we see positive free cash by late '07/early '08 and positive '09 earnings."