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"Sirius Trouble"

618 Views 5 Replies 4 Participants Last post by  Steve Mehs
Sirius Satellite Radio announced it would end the year with fewer subscribers than its earlier estimates, prompting investors to tune out the stock ahead of the holidays. Shares on Tuesday fell 7% in midday trading.

Sirius Chief Executive Mel Karmazin released a statement late Monday that said the No. 2 satellite radio provider expected to have between 5.9 million and 6.1 million subscribers by the end of the year, shy of an earlier projection of 6.3 million...

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( The entire article is at the following source: http://www.smartmoney.com/onedaywonder/index.cfm?story=20061205 )
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I don’t care how Wall Street slices it, 5.9 million subscribers is pretty damn good for a company most people thought would go out of business in 2003. Congratulations Sirius on an excellent year!

And as a whole 13.5 million subscribers is awesome for an industry no one (including myself) ever thought would take off. Cell phones, cable TV and the internet, what do all three of theses popular things have in common? In terms of consumer adaption numbers, satellite radio beats them all hands down, which other industry had 13.5 million users in the first five years of existence. And it will continue to grow.
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