CBS-VS-SIRIUS Headline Good for Stock?

Wednesday, March 01, 2006

Video below:
GSI got our hands on what Merrill Lynch is saying about SIRIUS stock after all this CBS stuff. They encourage investors to use this weakness in SIRI shares to build positions as we (Merrill Lynch) continue to expect milestones in 2006 with drive shares higher including 1) potential upward subscriber revisions, 2) launch of live satellite radio MP3 devices, and 3) possible FCF break-even in 4Q06... They also ask, "Could controversy boost subscribers?... On the flipside, one could take the view that no publicity is bad publicity.. Once again Howard Stern is the center of media attention in what could prove a high-profile lawsuit.... However, ML is not increasing their sub forecast of 684.5K net additions in 1Q06 - more then double last year's net additions..

You can also watch the Stern Video from the Tuesday Press Conference here...

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We are 100% independent from SIRIUS, unlike other SIRIUS related pages, who have agreements and arrangements with SIRIUS. We do not sell SIRIUS related products and thus we do not worry about any business relationship with SIRIUS. GSI: is a not for profit blog, we do not do this for money like others; with do it out of love for the product. *Some GSI team members are SIRIUS shareholders

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