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

To: i-node who wrote (3234)	2/14/2007 8:47:00 AM
From: HEXonX	Respond to of 3386

News for 'XMSR' - (DJ XM Enters Sale-Leaseback Deal On Satellite Transponders) DOW JONES NEWSWIRES XM Satellite Radio Holdings (XMSR) on Wednesday disclosed that it got proceeds of $288.5 million in a sale-leaseback transaction with Wells Fargo Bank Northwest in respect to the transponders on its XM-4 satellite. The Washington, D.C. satellite radio provider said that it used $44 million of the proceeds to retire outstanding mortgages on real property, and the remainder will provide additional liquidity available for working capital and general corporate purposes. The company said in its disclosure with the Securities and Exchange Commission that the transaction followed "months of extensive negotiations and preparation." The company said that in preparation for the transaction, it placed additional insurance on the XM-4 satellite, which was launched in October 2006 and placed into service during December 2006. -Tony Cooke, Dow Jones Newswires; 202-862-1347; tony.cooke@dowjones.com (END) Dow Jones Newswires February 14, 2007 06:59 ET (11:59 GMT) Copyright (c) 2007 Dow Jones & Company, Inc.- - 06 59 AM EST 02-14-07Source: DJ Broad Tape

To: i-node who wrote (3234)	2/14/2007 7:13:13 PM
From: pcstel	Read Replies (1) \| Respond to of 3386

It suggests to me that Sirius is a bit misguided in their assessment of just who the competition is. And it isn't any longer XM, it is the Ipod, terrestrial, and others. Hell, XM isn't even TRYING to market against Sirius, instead choosing to just let SIRI burn itself out and run out of cash (which it is doing at a fairly rapid pace). That sounds like someone that doesn't have too much experience in the investment world. There is nothing good about your compeditor burning itself out and running out of cash. After all, at the end of the day. They will still be in business with a fresh lease on life and a bundle of cash to start all over again. It's not like they are going to disappear or anything. Just the shareholders will disappear. And with it will be the value of XM's shareholders also. Nothing appealing about owning stock in a company when you only compeditor in the segment will be debt free in a couple of months. PCSTEL