Big news today from Sirius Sat., which I own a ton of. They came out with the "first wearable satellite radio, with MP3/WMA file capability." They are calling the unit, the Sirius S50, and it is expected to launch for retail in October. Keep in mind that Howard Stern starts broadcasting on Sirius starting January. Now Sirius only has about 1.5 Million subscribers (compared with XM's nearly 3 M). Now those numbers are somewhat diluted on both their parts since new cars now come with 1 year's free subscription. So its all bullshit. But remember Howard Stern has 18 Million devoted listeners. More than any other radio show. A lot of those people will follow him into Satellite Radio. Not sure if that will justify his $100M/yr contract but it does show opportunity for growth. And remember the only thing Wall Street cares about. GROWTH!! http://prn.newscom.com/cgi-bin/pub/s?f=PRN/prnpub&p1=20050825/NYTH029- for some pix of the new player.
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www.lawadm.com
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