BlueWire

I thought it was about to blow up guys? Seems to be staying right about where I thought

Proof is in the puddin'

http://www.gfy.com/showthread.php?t=...highlight=siri

Mako

SIRI is a joke, can't believe some of the sharp GFY people in that thread BlueWire linked...don't you do any reasearch?

Let me clear it up for you, because I have, on both XMSR and SIRI:

SIRI
-Massive CPGA, currently out of control and rising (cost per gross add - basically how much $$$ they SPEND to get each subscriber)

-$800M in current funds, but currently needs over $2.4B to get to CFBE (cashflow break-even, expected in early 2008). What does this mean? It means they'll throw more shares on the market via dilutive events, each of which lowers the price per share by the exact percentage that is offered by the parent company...or worse.

-Subscriber gap widening, not closing, with rival XMSR the first six months of 2005. This is surprising even to me, I expected SIRI to make marketshare gains against XMSR thanks to their popularity with Howard Stern/Marth Stewart signings. This isn't the case. Thanks to a large hardware advantage in favor of XMSR, retail marketshare is actually being LOST by SIRI at the moment.

-Stuck with third-generation chipset, which has yet to reach the market, while XMSR's fourth-gen chipset is scheduled to appear in smaller, more capable, radios within the next 120 days.

-Fixed costs so large that it will take over 7M subscibers to just break-even, and there are rumors that SIRI will have to amortize yet another $300M satellite/launch event sometime in 2006 to augment their safety net.

Bottom line: You suckers didn't follow the Howard hype I hope? Research folks. The devil is in the details.

Neither sat rad company is worth any investment beyond pure gambling money. And if you must, go with XMSR, whose balance sheet offers at least some chance of success in the future. Otherwise stay away.

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BlueWire

I couldnt have said it better myself....but since nobody will actually take the time to read what you said...let me say why Sirius is not the BOOMING stock people think it is...

1) Just because its a new cool technology...doesnt mean its going to go from 2 to 100

2) The economy is hanging on by a thread and when interest goes rates go up (which they will) and people have these HUGE loans that they dont have fixed rates on....people will be in so much debt that they will NEVER spend money on something like this...they will spend money on fuel, rent, food, electricty, and a weekly blowjob from a hooker before they blow money on a sirius system in their car

3) It was WAYYYYY overvalued at 10 and anyone who knows how to read a chart could see the colapse coming from a mile away



AND YES...i do own a Sirius Sattelite Radio

Mako

Anytime a company has -$500M per YEAR in net losses, yet is valued at $7B in overall marketcap (shares outstanding x price per share), you know the bottom can't be low enough.

i.e., see Enron/Worldcom.

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