
RealMoney Radio Recap: Tech Release By TheStreet.com Staff
7/20/2006 3:12 PM EDT (link)
"An analyst downgraded Sirius Satellite Radio (SIRI - news - Cramer's Take) today because of a supply chain risk, Cramer said.
The analyst also cut the valuation of the stock from $8 to $4.50 based on this.
Cramer said his assessment on the matter is that Sirius is better than XM Satellite Radio (XMSR - news - Cramer's Take). Further, Cramer doesn't believe that there is any near-term catalyst that will move the stock.
But if XM Radio and Sirius merge, he believes it could be a home run. Otherwise, Cramer said, you are sitting on dead money as analysts run away from it."
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