Hot Line: Straight From Jacoby To Forbes

As usual, Jacoby's comments make it straight to Forbes:

Satellite Radio Companies See Soft Sales
Forbes, 11.27.06, 12:35 PM ET

Satellite radio operators XM Satellite Radio Holdings Inc. and Sirius Satellite Radio Inc. face a 20 percent decline in fourth-quarter retail sales that is likely to put pressure on their respective stock prices, Bank of America said in a note to investors Monday.

Analyst Jonathan Jacoby said the industry is in a transition period where customers are more likely to subscribe after buying a car with a pre-installed satellite radio than by buying a radio at an electronics store. "Our proprietary channel checks with leading retail buyers seem to support our view that the (retail) industry gross additions will decline about 20 percent in the fourth quarter," he said....read more: here

11/27/2006 03:51:00 PM

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