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

To: MJ who wrote (6578)	3/1/2007 10:41:23 AM
From: pcstel	Respond to of 8420

Leave it to some members of Congress to want to start instituitng requirements and new regulations on Satellite TV. The interesting thing is.. No one has even brought up the issue of the FCC process. The FCC attempts to either approve or disapprove a merger within 180 "working days". It usually takes ~160 working days for an answer. This timeline is for your average "merger". However, this merger would require changing some FCC rules.. Which is an entirely different ballgame.. Here, the FCC has procedure and protocol.. First they have to issue a NPRM, and then a Comments period, and then a reply to Comments period. And the a lengthy beurocratic process. All of this to decide IF they will change the rule. Then if they decide to change the rule, then comes the merger discussions. Same thing happened over at Globalstar. ICO wanted to buy Globalstar, but was waiting on a rules change that would allow ATC autority for the MSS providers. Years went by waiting for the FCC to decide if they would change the rules, Globalstar finally ran out of money, and ICO went home. They filed Bankruptcy waiting for an answer from the FCC. PCSTEL