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Sirius Could Snatch Lead From XM With New Products


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#1 of 3 OFFLINE   Brent T

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Posted April 07 2006 - 03:02 PM

http://www.forbes.co....s13_print.html

Market Scan
Sirius Could Snatch Lead From XM With New Products
Maya Roney, 04.06.06, 6:07 PM ET

Bear Stearns maintained an "outperform" rating and $9 price target on Sirius Satellite Radio after meeting with the company's president of Operations and Sales Jim Meyer on Tuesday.

The analyst said Sirius management is focused on delivering more features and enhanced services to consumers, while it critically evaluates the business case of each decision with regard to free-cash-flow goals.

In the meeting, Meyer reiterated that Sirius would have a wearable product capable of receiving live radio available during the summer. The radio is expected to include MP3 playing functionality in addition to offering consumers the ability to purchase songs. Sirius believes that availability of memory on the receivers has the potential to transform the industry, just like DVRs.

Meyer also said XM Satellite Radio's technological lead is likely to decline in the foreseeable future with each new generation of chipsets. He expects the gap in terms of receiver size and features to narrow significantly by the holiday selling season in the fourth quarter of 2006.

"We think Sirius’ recent R&D spending has been directed towards developing new products and services that could help it wrest the initiative from XM," said Peck. The analyst also has an "outperform" rating on XM.

#2 of 3 OFFLINE   Blu

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Posted April 09 2006 - 01:03 AM

I would love to see Sirius take the lead on the tech side of things!

#3 of 3 OFFLINE   Devin U

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Posted April 13 2006 - 07:53 PM

Untill Sirius' repeater network is stronger, live units will be a bigger nightmare than XMs' due to the orbiting sats.