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

To: pcstel who wrote (6443)	2/20/2007 10:00:05 PM
From: i-node	Read Replies (1) \| Respond to of 8420

>>> ROTFLMAO!! I don't think it is SIRI that is going to have the disappointing Q4 CC. You're nuts. SIRI's Q4 is going to be horrendous. Over a billion in loss. That's bad, any way you look at it. >>> After all.. SIRI is doing the buying and XM is being acquired. "Buying" was in a media account of the transaction. "Buying" suggests "money". SIRI has no money. SIRI's share are the currency for the deal. Could have just as easily been XM's and would have made NO difference whatsoever. From a practical point of view, it is easier to issue SIRI shares to XM's 20K shareholders than it is to issue XM shares to SIRI's 900,000 shareholders. The net result is identical regardless of how you do it. You're a little confused about M/A I see. >>> So it appears that someone at XM was ready to deal.. At this point, I believe this deal (for XM) is the worst move in sat radio since the Stern deal. It is just as big a blunder IMO. SIRI definitely out negotiated XM's management IMO.