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

To: i-node who wrote (6569)	2/28/2007 4:05:35 PM
From: HEXonX	Read Replies (1) \| Respond to of 8420

Mel is instructing Congress and the sub price will be $13 locked in for 3 years. Stick that in your Arkansas pipe and smoke it. Frooooooont Meeeeeed! Argh!!!!!

To: i-node who wrote (6569)	2/28/2007 4:18:22 PM
From: HEXonX	Respond to of 8420

Get Ready to cough Frontmed! :-)

To: i-node who wrote (6569)	2/28/2007 4:20:06 PM
From: HEXonX	Respond to of 8420

News for 'SIRI' - (=DJ Sirius CEO: Committed To Lowering Prices Post-Merger >SIRI) By Corey Boles Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--Sirius Satellite Radio (SIRI) Chief Executive Mel Karmazin on Wednesday told a congressional committee the company would cut consumer prices if its merger with XM Satellite Radio Holdings (XMSR) is approved. Testifying before the Antitrust Task Force of the House Judiciary Committee, Karmazin said subscriber costs would not rise, as some have feared, but would actually decline. "The idea of raising prices to compete with free radio is bizarre and doesn't work," said Karmazin. "We are committed to not raising prices and, in fact, are committed to lowering prices." Rep. John Conyers, D-Mich., the head of both the task force and main Judiciary committee was skeptical. "We don't have too good a record of satellite companies keeping their promises," said Conyers. "'Trust me' isn't going to work here, not just today, but in the longer-term examinations you will be going through. You've got some high hurdles to overcome." In response to questioning from the ranking Republican member of the task force, Rep. Steve Chabot, R-Ohio, Karmazin said that Sirius and XM weren't making a "failing company argument" and said the merger between the two companies wasn't necessary. But, he said, it would be in the best interests of consumers for the merger to be allowed. -By Corey Boles, Dow Jones Newswires; 202-862-6637; corey.boles@dowjones.com (END) Dow Jones Newswires February 28, 2007 16:01 ET (21:01 GMT) Copyright (c) 2007 Dow Jones & Company, Inc.- - 04 01 PM EST 02-28-07 Source: DJ Broad Tape

To: i-node who wrote (6569)	2/28/2007 4:25:49 PM
From: HEXonX	Read Replies (1) \| Respond to of 8420

Sirius is not XM Posted Feb 28th 2007 12:05PM by Eric Buscemi Filed under: XM Satellite Radio (XMSR), Sirius Satellite Radio (SIRI) Sirius Satellite Radio (NASDAQ: SIRI) is simply eating XM Satellite Radio's (NASDAQ: XMSR) lunch. Mel Karmazin continues to plow forward while XM management wanders aimlessly. Karmazin reiterated targets set in late 2006, expecting revenue to jump from $637 million in 2006 to $1.0 billion in 2007. Sirius also generated free cash flow, after capital expenditures, of $30 million for the 4th quarter -- a big accomplishment. Karmazin also said, once again, that Sirius' growth from nascent business to $1.0 billion in revenue is the fastest growth in radio history. What is more impressive is that while XM backed away from virtually all of its guidance for 2007 and pushed out much of its OEM growth to 2008, Sirius did not do the same. Chrysler will install Sirius in 40% of cars, Ford goes from 4 models to 22 models and Mercedes will install Sirius in two-thirds of its autos. Not everything will be rosy. Sirius warned that data coming out regarding January 2007 comparisons with January 06, as year-over-year comps will be weak because of such strong comparisons last year due to net adds resulting from Howard Stern. Starting in February, the comps will begin to improve. Also, churn will jump up to 2.0%-2.4% as some OEM deals reach their anniversaries, up from 1.6%. All told, stay focused on Sirius. Content of Stern, NBA, NASCAR plus lots of other stuff appear to be driving subscriber adds. Do not run away from this industry due to XM's weak results.