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

To: rjk01 who wrote (6220)	2/6/2007 5:19:34 PM
From: i-node	Respond to of 8420

this guy nailed it. Oh, Bull. There is nothing in that post that can't be shot down in a second. I know, you don't read my posts and don't want to. the last point is a key one Mel on the other hand, over the last two years has never received free stock from SIRI. He has PURCHASED 2 million shares for a combined cost of almost 11 million dollars out of his pocket. Mel owns a total of 6.5 million shares. Who has confidence in their company? Could be that Mel was filthy rich when he got there, don't you think, and that 2M shares (which he is totally, and permanently, underwater on) is totally immaterial to his net worth. Duh.

To: rjk01 who wrote (6220)	2/6/2007 10:31:51 PM
From: MJ	Read Replies (2) \| Respond to of 8420

"5) XM is owned by institutions. Institutions hold nearly 90% of the company. SIRI on the other hand, is only 28% owned by institutions. The biggest reason for this is many institutions have a rule that states they cannot own a company that has a stock price under $5. When/If SIRI hits the $5 mark and maintains that, you will see many more institutions buying in, which will drive the stock up further. " When a stock is owned to this extent of 90% by institutions------then how do the insititutions make $ on XM. To whom are they going to sell-------to each other? Not bashing or pumping just a question to ponder.