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Stock news and a little more info on the Sirius "Zing"
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| Stock news and a little more info on the Sirius "Zing"
- Click HERE to go to the original thread with graphics
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| TScott1998 |
http://www.forbes.com/2006/06/02/si...artner=yahootix
here are some quotes from the text:
| Quote: From what is known about the new platform, Jacoby said the device's storage capacity will likely be comparable to Sirius competitor XM Satellite Radio (nasdaq: XMSR - news - people )'s "Inno" and "Helix" portable units, but the battery life and true satellite coverage will probably be worse. |
| Quote: Where satellite coverage is weak, however, Sirius (nasdaq: SIRI - news - people ) programming can be streamed over Wi-Fi on the device, which Jacoby said was an interesting "fix." |
The article isn't all that positive, especially for a person like myself who own quite a lot of Sirius stock. Lets just hope Mary Crane at Forbes.com is wrong!!!!!!!!! |
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| SteelRat |
Quote: Originally posted by TScott1998
http://www.forbes.com/2006/06/02/si...artner=yahootix
here are some quotes from the text:
The article isn't all that positive, especially for a person like myself who own quite a lot of Sirius stock. Lets just hope Mary Crane at Forbes.com is wrong!!!!!!!!! |
The article may not seem that positive because it's all quoting Jacoby, who is the biggest Sirius basher around. That's actually extremely positive for him. |
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| SteelRat |
Here's a different take from the Wall Street Journal.
June 1, 2006, 2:56 pm
Tech Demo: Zing
Details were few, but there was no shortage of buzz surrounding a music player called Zing unveiled here at D:.
ZingTim Bucher, CEO of Mountain View, Calif.-based Zing, began the demonstration by describing the Zing as a “virtually integrated mobile entertainment solution.” (Walt Mossberg suggested the more attractive shorthand of “iPod competitor.”)
It’s a bit too early to tell whether Zing will be the latest footnote in the rich history of would-be iPod killers, but some of its features are undeniably cool. Broadly, Zing leans heavily on wireless connections to let users access music stored on a networked computer, or an Internet-based subscription service like Yahoo! Music, or even on a friend’s device that is within range — all through a seamless interface. Listening to a song on an Internet radio station and want to buy the CD? The iPod-sized Zing will (in theory) be able to sync up with an online music store to complete the purchase.
The company has a partnership with Sirius that lets subscribers listen to satellite radio — the audience was wowed to hear “live” satellite radio playing over the diminutive device — though the music is streamed through a wireless Internet connection, not from the heavens.
Users navigate all the music files and Internet streams available to them using a scroll wheel (”You are very lucky Steve Jobs isn’t here,” commented Kara Swisher) and a glossy, icon-based interface. Zing is big on social interaction: The device shows you what your nearby friends are listening to, and lets you exchange voice messages and music recommendations. (Mr. Bucher was careful to point out that the device “respects” digital copyrights. Users won’t be able to stream protected files between each other.)
Mr. Bucher says Zing doesn’t plan to make its own devices, but rather license its technology to others. He showed off a device that will be available from Sirius later this year, that was somewhat larger than the slick Zing production model (pictured above). “That’s too bad, because [yours is] pretty cool,” said an impressed Mr. Mossberg, who has made no secret about what he considers to be the gold standard in digital music players. |
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| boombox |
Quote: Originally posted by TScott1998
http://www.forbes.com/2006/06/02/si...artner=yahootix
here are some quotes from the text:
The article isn't all that positive, especially for a person like myself who own quite a lot of Sirius stock. Lets just hope Mary Crane at Forbes.com is wrong!!!!!!!!! |
You've got to be careful when reading articles, they're usually skewed and biased. You have to consider the source.
Anyone who's followed SIRIUS for past 3-4 years knows Jacoby all too well. Jacoby works for Banc of America. Banc of America had over 3 million shares of XM and only 300k of SIRIUS. When XM started to drop into the low 30's, Jacoby changed his SIRIUS ratings to a SELL, and XM ratings to a STRONG BUY. In the meantime, while Jacoby had a BUY Rating for XM, his employer Banc of America was selling XM. You can check this for yourself at www.nasdaq.com. Last quarter 3/31/06, Banc of America filed with the SEC that they've reduced their XM stock holdings by 81%, while their analyst Jonathan Jacoby had a BUY rating on XM as the stock plummeted all the way down from $40 dollars to $13, never once changing his BUY rating. In fact, he kept reiterating his BUY rating via Forbes.com. This is the way the stock market works. It's a zero-sum game.
Good luck, and do your own due diligence before listening to biased analysts. Enjoy!
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| TScott1998 |
| Thanks for the infor Boombox, I didn't know all that |
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| boombox |
| You're welcome TScott! |
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| MexicanArtie |
| Great info Bbox!! I always suspected something like this. The stock prices just never made any sense to me, so I figured there was something going on, but as an amateur investor, had no clue. Nonetheless, I have kept my SIRI stock and did not buy any XM. Thank you Jesus and Baby Jesus. |
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| TScott1998 |
| I was speaking with my financial advisor Mike Howley at Meyer Capital Group a subsidiary of Charles Schwab & Co., INC, had also explained to me how as one company’s (i.e. XM) stock falls the other company in the Satellite radio industry’s (i.e. Sirius) stock can also be expected to slip a bit as well. That being said he had also pointed out many of the strong points that I had been thinking when asking him about purchasing some of the Sirius stock. He had made the purchase on the stock on Tuesday or Wednesday, and claims despite the loss on Friday I had already made a decent gain. So I hope Sirius does eventually start turning a profit, and I am sure the potable radio, and the Internet stream will do a lot to make that happen. |
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