Wednesday, December 06, 2006

Briefing.com: Sirius Presentation Summary At UBS

Live In Play, www.briefing.com, 06-Dec-06, 12:01

SIRI Sirius Satellite UBS conf call summary (3.86 +0.01)

On the call the company ran through the basic business review as usual there was nothing new in that part of the presentation. In the Q&A period, the company said that the TV product incremental cost is not significant. Co Does not intend to subsidize the cost of hardware for TV product. Doesn't really move the needle, expects it to be cash accretive from almost day one... On International expansion the co said it will look to maximize shareholder return in North America first, would be happy to affiliate with someone but is unlikely to be driving force in international expansion... On consolidation the co had no comment on synergies valuations... on the used car market co thinks it is a huge opportunity but the question is how do you get to that consumer.