S&P "de-couples" XMSR and SIRI

May 31, 2006

XM, Sirius Reflect Differing Investor Sentiments
Maya Roney, 05.31.06, 3:07 PM ET

"Standard & Poor's Equity Research downgraded shares of XM Satellite Radio to "sell" from "hold" and cut the price target to $8 from $12, citing the company's recently reduced guidance.
Last week, XM trimmed its 2006 subscriber additions estimate to 2.6 million from 3.1 million, expecting to now reach a total of 8.5 million subscribers by year end. The company reaffirmed its expectations for positive free cash flow by the fourth quarter of 2006 and for full 2007.

"We see investor confidence undermined by reduction in XM's estimate[s]," wrote analyst Tuna Amobi in a research note Wednesday. Amobi said he is now more wary of new disclosure on retail shipment disruptions arising from the FCC's finding of non-compliance with emission limits for popular plug-and-plays SkyFi2, and Audiovox Xpress.

The analyst also cited a pending shareholder suit and copyright suit against XM's Inno portable as reasons for the downgrade. Meanwhile, Amobi reiterated a "strong buy" rating and $8 price target on shares of Sirius Satellite Radio.

As XM trimmed its outlook amid mounting regulatory issues, Sirius reaffirmed its 2006 target of over 2.8 million net subscriber additions to over 6.2 million by the end of 2006.
"While satellite radio seems to us vulnerable to investor sentiment, we see Sirius' shares unfairly affected by recent woes of rival XM Satellite Radio," he said.

In addition, Amobi sees senior management's confidence in the underlying business further demonstrated by chief executive officer Mel Karmazin's recent addition of 1 million Sirius shares to his 5-million holding."

Link: HERE

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SIRI Satellite Radio to Present at Friedman Billings Ramsey Growth Conference Tomorrow Morning

May 31, 2006

SIRIUS Satellite Radio to Present at the Friedman Billings Ramsey Growth Conference

NEW YORK, May 31 /PRNewswire-FirstCall/ --

SIRIUS Satellite Radio(Nasdaq: SIRI) today announced that David Frear, its Executive Vice President and Chief Financial Officer, is expected to present at the Friedman BillingsRamsey Growth Conference in New York on Thursday, June 1, 2006 at 8:15 am ET.

5/31/2006 07:26:00 PM

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Sirius Talks Video and Additional Bandwidth

May 31, 2006

Sirius satellites radio's David Frear spoke at the Bernstein Conference today, and covered a few topics that people have been watching for.

Satellite Standard Group pointed out the FM modulation issue with the FCC, and now will bring you up to speed on video and bandwidth:

Video and additional bandwidth are basically tied at the hip. Sirius has developed a hierarchical modulation, which they now refer to as (thankfully) "Overlay Modulation". Overlay Modulation allows Sirius to in effect increase the use of their current bandwidth by 25%.

It is this additional capacity that will allow Sirius to offer three live video channels. They will also have some capacity to spare, enabling them to tweak other content as opportunity arises.

Frear indicated that these services may be available as early as the end of the year.

5/31/2006 04:12:00 PM

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Sirius Weighs In on FCC Compliance

May 31, 2006

Satellite Standard Group is keeping you up to speed with satellite radio events.

Today, David Frear of Sirius Satellite Radio spoke at Bernstein Conference. Most of the presentation was as expected, but there was some information regarding FCC compliance.

In answer to an analyst question Frear stated:

1. Some manufacturers of Sirius radios did receive a letter from the FCC regarding FM modulators.

2. Those letters, along with the test data were forwarded to Sirius engineers, and then on to the FCC.

3. Some radios were found to be out of compliance.

4. Sirius engineers went to the manufacturers and ensured that the radios were made to be in compliance with the FCC

5. ALL Sirius radios being manufactured are now in full compliance with the FCC

It appears that whatever the issue was, that it has been addressed. Contrary to the assertion made by Johnathan Jacoby of Banc of America, there is no lingering issue between Sirius and the FCC regarding FM modulation. Supply of radios to retailers should not be impacted.

Perhaps these troubles will lead to more people using FM Direct Adapters

5/31/2006 04:00:00 PM

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Has Cramer Turned the Corner on SIRI?

May 31, 2006

RealMoney Radio Recap: Technically Speaking By TheStreet.com Staff5/31/2006 3:26 PM EDT

"He (Cramer) said that it makes sense that Sirius Satellite Radio (SIRI:Nasdaq - news - research - Cramer's Take) is beating out XM Satellite Radio (XMSR:Nasdaq - news - research - Cramer's Take), given the fact that XM dramatically missed its most recent quarterly estimates.
Plus, Sirius is run by Mel Karmazin, who Cramer called "money in the bank." Now that the stock is near $4, he said that he is more bullish on it, but that he would ring the register once it hit $5 or $6."

Link to full story: HERE

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Links to Bernstein Conference Presentations

May 31, 2006

To make it even easier to keep informed, here are the links to the Bernstein Strategic Decisions Conference presentations

SIRI beginning at 3:00 PM - HERE



XMSR beginning at 4:00 PM - HERE

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What De-Coupling Means to Satellite Radio

May 31, 2006

Those that have followed satellite Radio for any length of time know very well that Sirius and XM have traditionally traded in very similar patterns. As the companies grew, good news from either satellite radio provider shined nicely on the other company as well. The same became true for bad news.

Traders could take advantage of this process, and catch dips and peaks with the confidence that the news for either company seemed to have a virtual duplicate impact on the other. The fact that these companies exist in a virtual duopoly helped to make satellite radio a sector play rather than a simple investment into a single equity.

Recent events have potentially caused a separation in the trading behavior of these stocks.....At least to a certain extent.

Those that actively trade Sirius and XM may bell well served to keep their eyes on the individual companies now more than ever. While there are aspects in the news that impact both companies, there are also events that are company specific.

As the catalysts that move these stocks switch from impressive subscriber metrics to impressive financial metrics, the separation should become more pronounced and clear. To a certain extent, this is the first time where choosing a horse to ride with is more important than simply being in the race. Many people, myself included, hold positions in both companies. Now more than ever, consideration as to where you as an investor will be placing your bets seems to matter more.

The coming months will be very interesting for satellite radio. Investors should look at and consider several factors involving these equities in making an investment decision. Is the sector right for you? If so, which equity seems to offer the best scenario to meet your goals? Do a lot of research, and work up your conclusions. It is your money, so become as aware as you can.

5/31/2006 11:45:00 AM

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Sirius to Present at Bernstein Conference Today at 3:00 PM

May 31, 2006

SIRIUS Satellite Radio to Present at the Bernstein Strategic Decisions Conference
(PR Newswire 05/30 16:34:47)

NEW YORK, May 30 /PRNewswire-FirstCall/ --

SIRIUS Satellite Radio(Nasdaq: SIRI) today announced that David Frear, its Executive Vice Presidentand Chief Financial Officer, is expected to present at the Bernstein Strategic Decisions Conference in New York on Wednesday, May 31, 2006 at 3.00 pm ET.

A live audio webcast of the presentation will be available via theInvestor Relations section of the company's website www.sirius.com on Wednesday,May 31, 2006, at 3.00 pm ET.

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XMSR to Speak at Bernstein Conference Today AT 4:00 PM

May 31, 2006

XM Satellite Radio to Speak at the Sanford C. Bernstein & Co. Strategic Decisions Conference(PR Newswire 05/31 11:25:48)
NEW YORK, May 31 /PRNewswire-FirstCall/ --

XM Satellite Radio(Nasdaq: XMSR) today announced that Gary Parsons, XM Chairman of the Board, is scheduled to make a company presentation and participate in a question and answer session at the Sanford C. Bernstein & Co. Strategic DecisionsConference in New York, N.Y., Wednesday, May 31, 2006, at 4:00 pm ET. A live audio webcast of the presentation will be available via theInvestor Relations section of the company's website http://www.xmradio.com/ on Wednesday, May 31, 2006, at 4:00 pm ET.

5/31/2006 11:33:00 AM

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Bear Stearns Sees XMSR and SIRI Stock Prices De-coupling

May 31, 2006

XMSR XM Satellite: 8K improves visibility, but questions remain --
Briefing.com 31-May-06 08:13 ET

Bear Stearns comments on XM's 8K filing last night where it disclosed a plan to bring all its devices into compliance with FCC regulations on FM modulators. Among the steps XM is taking is to request manufacturers to stop shipping radios and accessories that include FM modulators. Given the average inventory carried by retailers is about 30 days, near term sales are unlikely to be impacted; however, any significant delays could have a material impact on the financials.

While the 8K improves visibility into the issue, the several questions that remain unanswered likely will continue to impact valuations in the near-to-mid term. A "read" of the Audiovox Xpress user manual suggests infringement may be material. The firm believes that management's credibility has been questioned since Q4, when marketing dollars were promised to be curtailed against a strong Howard Stern.

Since then, the momentum has been negative for XM, dissuading growth investors. With a lack of near term valuation metrics for value investors to step in, the firm believes an "investor chasm " has been created in the stock, allowing for more downside. The firm underscores that it does not believe this is an industry phenomenon and in fact believes a de-coupling of Sirius Radio (SIRI) from XM, as XM's previous premium (confidence in management) has been eroded.

5/31/2006 10:58:00 AM

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Mel Karmazin bought more SIRI Yesterday

May 31, 2006

Mel is one of the few CEO's who puts his money where his mouth is. He bought another 1,000,000 shares yesterday in the open market at $4.46. Mel currently owns 6,500,000 million shares of SIRI

SSG readers can read the filing HERE

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RoadLoans Teams with XMSR in Marketing Promotion

May 31, 2006

RoadLoans Teams With XM Satellite Radio to Give Customers Freedom of Choice
Get an Auto Loan and a Free XM Satellite Radio From RoadLoans
10:01 AM ET May 31, 2006

NORTH RICHLAND HILLS, Texas, May 31, 2006 /PRNewswire via COMTEX/ --

RoadLoans(R) customers can now experience the freedom of listening choice that 6 million subscribers enjoy as the company teams with the nation's number one satellite radio provider, XM Satellite Radio. Starting today, customers who get an auto loan with RoadLoans will receive a free XM Satellite Radio.

Since it began in 2000, RoadLoans, a leading Internet direct-to-consumer auto lender, has delivered innovative auto financing to customers, even for those with less than perfect credit. The company continues this innovation as it combines innovative financing products with great customer service, and now the benefit of America's leading satellite entertainment, XM Satellite Radio.

Now through Aug. 1, 2006, any customer who gets a loan through RoadLoans -- whether for a new or used automobile or the refinancing of an existing auto loan -- will receive an XM Satellite radio delivering 160 digital channels and the most commercial-free music available today when customer signs up for six months of programming through XM. The radio, along with activation fees are complements of RoadLoans."

Readers interested in the promotion can visit the RoadLoans site HERE

Link to full story: HERE

5/31/2006 10:22:00 AM

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XM Working On FCC Compliance

May 31, 2006

Via Marketwatch

WASHINGTON (MarketWatch) -- XM Satellite Radio Holdings Inc. (XMSR) said Tuesday that it is working to bring devices designed to work with the XM system into compliance with the Federal Communications Commission's requirements.

In April, as reported, the company received a letter from the commission saying it had tested the Delphi XM SKYFi2 radio and determined that its FM modulator wireless transmitter "isn't in compliance with permissible emission limits."

In addition, Audiovox Corp. (VOXX), manufacturer of the Audiovox Xpress, a radio designed to work with the XM system, received a similar letter from the FCC and has suspended shipments of that product. The FCC in the letter cited Audiovox for non-compliant operating bandwidth specifications as well as related emission limits.

In a filing with the Securities and Exchange Commission Tuesday, XM Satellite said that it is "implementing a series of actions involving various radios to bring them into compliance, including requesting our manufacturers to suspend shipments to retail of radios or accessories that may require changes to operating or installation instructions, or modifications to software or hardware."

XM Satellite also said it will seek new equipment authorizations where appropriate, and it expects to provide additional information to the FCC shortly, including test results for several modified XM radios.

The company also said it is "working to limit the interruption in supply of certain models of XM radios to retailers."

"We can provide no assurances at this time that our actions will be deemed sufficient by the FCC, or that other remedies that may be required by the FCC will not have a material impact on our consolidated results of operations or financial position," it added.

Shares of the company closed Tuesday at $14.24 each.

SSG readers can see the story HERE

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Sirius On Line service Ramping Up

May 30, 2006

The quick eyes over at Sirius Backstage caught this.

Sirius seems to be getting ready for "The Stern effect Phase 3" as are we here at SSG.

Excerpt from Sirius Backstage:

"Today SIRIUS unveiled a new capability that allows multiple-receiver subscribers to have multiple online streaming accounts. Subscribers can enable multiple streaming access by visiting the Manage Your Account section on the SIRIUS homepage. The option will only be available to subs with more than one active radio."

Sirius has previously stated that they will be streaming Howard Stern On-line before Fathers Day. With Father's Day less than 3 weeks away, we are bound to get an announcement soon, and with that announcement "The Stern effect Phase 3" will begin.

SSG recommends that you read the entire Sirius Backstage article HERE

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Motley Fool Weighs in on CBS-Stern/Sirius Settlement

May 30, 2006

More Stern for Sirius
By Brian Gorman May 30, 2006
(Excerpts)

"A gargantuan lawsuit that commanded business and entertainment headlines just months ago was settled rather unceremoniously last week, when CBS (NYSE: CBS) agreed to drop its case against radio host Howard Stern.

The agreement's terms lend some credence to claims from Stern and many legal experts that CBS's legal attack had little foundation. The deal will give more than bragging rights to Stern, though, since it involves an exchange of assets that seems likely to strengthen the content of Stern's new employer, Sirius Satellite Radio (Nasdaq: SIRI). "


"...More importantly, Stern will gain control over a valuable asset from CBS in exchange for the payments: As part of the deal, CBS will surrender its rights to 20 years of master tapes of Stern's CBS radio shows. It's not clear how these tapes will be used, but since Sirius' $2 million contribution goes toward paying for these rights, there's a good chance that the material will be integrated in some way into Stern's programming at the satellite radio company.

If so, this old content would provide Sirius with a rather strong selling point for former Stern listeners who haven't yet signed up for satellite service, since Stern surely would enrich his current show by the selective use of old material. But with so much content and a lot of airtime at his disposal, Stern probably would do more than that. He could, say, dedicate a time slot to replaying old classics, or have a call-in request show for past bits. That could provide Sirius with a whole new sales pitch -- Lots more Stern for the same (at least for now) price. With this move, Sirius is only strengthening its edge over competitors such as terrestrial radio and rival XM Satellite Radio (Nasdaq: XMSR)."

Link to full story: HERE

5/30/2006 02:44:00 PM

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Sirius 8K Release - $2 Million the Only Payment to CBS

May 30th, 2006

Sirius had announced that the 20 year catalog of Howard Stern materials will be available to them for the Howard Stern channels through the duration of his contract with Sirius. However, their 8-K, released today, states that this 2 million dollars is the ONLY payment under the settlement agreement that they will be paying out.

Whether Stern did or did not have to pay out anything himself is unknown due to a seal on the settlement agreement.

From Sirius's 8-K:

Section 8.01 - Other Events.

The lawsuit brought by CBS Radio Inc. against us along with Howard Stern and others referenced in Item 3 of our 2005 Annual Report on Form 10-K has been settled. As part of the settlement, CBS Radio is conveying its rights in the recordings of the Howard Stern Show that aired on CBS Radio from 1985 through 2005. We will have the right to use those recordings as part of our Howard Stern channels through December 2010. We are making a total payment of $2 million to CBS Radio. This is the only payment we will make under the settlement agreement.

A link to the 8-K is: HERE. (via shareholder.com)

5/30/2006 09:02:00 AM

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Lehman Upgrades Sirius to Overweight this Morning

May 30, 2006

Lehman upgrades Sirius, sees buying opportunity
By Aude Lagorce
Last Update: 4:49 AM ET May 30, 2006

LONDON (MarketWatch) -- Lehman Brothers upgraded Sirius Satellite Radio (SIRI) to overweight from equal weight, saying that while the stock has traded down in sympathy with peer XM Satellite Radio Holdings Inc (XMSR), it doesn't believe the move was justified.

The broker told clients that recent negative headlines were specific to XM and shouldn't have affected the sector. Lehman said it would be aggressive buyers of both satellite radio stocks following the recent weakness.

5/30/2006 05:28:00 AM

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Sirius S50 mentioned positively in Businessweek

May 30, 2006

Businessweek, JUNE 5, 2006
MANAGING The Science Of Desire
By Spencer E. Ante, with Cliff Edwards in San Mateo, Calif.

"As more companies refocus squarely on the consumer, ethnography and its proponents have become star players

The satellite-radio war can't be won by Howard Stern alone. So shortly after signing the shock jock to a $500 million contract in 2004, Sirius Satellite Radio called on a small Portland (Ore.) consulting firm to envision a device that would help it catch up with bigger rival XM Satellite Radio Holdings. (XM ) Ziba Design dispatched a team of social scientists, designers, and ethnographers on a road trip to Nashville and Boston. For four weeks they shadowed 45 people, studying how they listen to music, watch TV, and even peruse gossip magazines. Their conclusion: A portable satellite-radio player that was easy to use and load with music for later playback could be a killer app in the competition against XM.

Last November, Sirius began selling the Sirius S50, a device the size of a slim cigarette pack that stores up to 50 hours of digital music and commentary. It features a color screen and handy buttons that let you easily pick your favorite song to listen to. Slip it into a docking station and it automatically gathers and refreshes programming from your favorite Sirius channels. Techies praised the device, declaring it better than XM's competing player, the MyFi, launched in October, 2004. The S50 became one of the holiday season's hottest sellers. Sirius says it has helped the company sign up more subscribers than XM has since last fall. "[Ziba's] research capabilities and innovative approach to design concepts were most impressive," says Sirius President James E. Meyer."

Link to full story: HERE

5/30/2006 05:21:00 AM

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Third Stern Channel on Sirius?

May 29, 2006

There is speculation that Sirius will launch a third Howard Stern Channel, "Stern Classic", now that Stern has the rights to his old tapes. The channel would be "un-bleeped" according to sources.

Sirius, as part of the settlement has access to the material for the duration of Sterns contract with Sirius at no additional charge.

The profit potential of this third channel is substantial. The programming cost Sirius satellite radio $2,000,000 for what amounts to over 4 years of use. Advertisers that are already spending money with Sirius will be very likely to take out ads on the classic channels as well.

Further, those with S50's and the as yet to be released "Belagio" unit will be very active recording these old bits of Stern history.

There is already a "pent-up demand" for the content, and programming the channel would be very easy. This third channel can ad to the bottom line immediately.

5/28/2006 05:31:00 AM

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Stern Big Winner in CBS Deal: The New York Post Weighs In

May 28, 2006

It looks like the Stern/Sirius side got the better end of the deal according the the NY Post:

"$TERN BIG WINNER IN CBS DEAL
By RICHARD JOHNSON with PAULA FROELICH and CHRIS WILSON
May 27, 2006

CALL out the strippers and bring in the lesbians, Howard Stern has settled his $500 million lawsuit with CBS Radio and insiders say he's making out like a bandit.

CBS says Stern's new employer, Sirius Satellite Radio, will pay $2 million to keep 20 years worth of Stern-show tapes it claimed he took without permission when he noisily bolted terrestrial radio last year, The Post's John Mainelli reports.

And with the old tapes now in the shaggy-haired jock's sweaty palms, there's talk of a "Classic Howard Stern" station that would air his past K-Rock shows unbleeped.

Stern was said to be ecstatic about the settlement yesterday - a 180-degree turnaround from when the bizarre suit was filed earlier this year."

Link to full story: HERE

5/28/2006 05:19:00 AM

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Sirius - Rock Stars to All Stars Rebate

May 27, 2006

Sirius Satellite Radio has announced their Fathers Day Rebate program. The story was developing over the past few days, and Get Sirius Info released the news HERE

For the first time Sirius is offering rebates on "boom-boxes" as well as receivers (click image to enlarge).

Of special note is the substantial rebate on the S50. It would appear that consumers can get an S50 for about $149.00 after rebate now.

It would appear that Sirius is making some room for new hardware, while at the same time giving popular receivers an attractive price point for the Fathers Day shopping season.

Last year June was Sirius' third best month at retail (Behind December and November), and it appears that Sirius' activation center will be busy again this June.

The rebate starts this Sunday.

5/27/2006 02:27:00 PM

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More on the CBS-Stern/Sirius Settlement

The "settlement" looks great for Stern and Sirius. Although the suit was against Howard, he paid nothing, and received tapes from all previous shows, which have to be worth a fortune. (Perhaps they were rightfully his)

Sirius essentially paid $2 million for the rights to use the recordings for the duration of Howard's contract. Think of the advertising possibilities. What a deal!

And, now no legal overhang!

AP got it right when they described the settlement as "Howard Stern regains rights of 'classic' episodes"

May 27, 2006
By Larry McShane
The Associated Press NEW YORK

"Howard Stern regains rights of 'classic' episodes

Shock jock Howard Stern regained control of the master tapes from the last 20 years of his terrestrial radio program in a Friday settlement of the contentious lawsuit brought by his former bosses at CBS Radio. Stern's new employer, Sirius Satellite Radio Inc., agreed to pay $2 million to CBS Radio, CBS Corp.'s large radio subsidiary, in return for the rights to the classic recordings, according to a statement released by both sides. "

As part of the settlement, CBS Radio will receive payments relating to the conveyance of its rights in the recordings of 'The Howard Stern Show,'" the statement read. "Sirius, for its part, will make a total payment of $2 million related to this conveyance."

The remaining details of the settlement remained confidential, according to the statement."

Link: http://www.burlingtonfreepress.com/apps/pbcs.dll/article?AID=/20060527/BUSINESS/605270319/1003&theme=

5/27/2006 07:40:00 AM

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Something Happening With XM Hardware?

May 26, 2006

There are reports that XM hardware is being pulled from shelves at XM kiosks. We are checking with other retailers to confirm. A check with XM's on line radio store shows ALL PRODUCTS out of stock.

Speculation that this involves FCC compliance is swirling.

Satellite Standard Group will update when we confirm more information.

Again, there is a lot of speculation and rumor surrounding this issue.

Our calls to retailers such as Best Buy show that XM products are still on store shelves and being sold

5/26/2006 03:28:00 PM

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Details on Stern Settlement

May 26, 2006

Satellite Standard Group is pleased to bring you what we understand as the details surrounding the settlement of the CBS suit regarding the old tapes.

1. Sirius paid CBS $2,000,000

2. Stern now has full ownership of the tapes.

3. Sirius gets use of the tapes with no additional compensation to stern for the length of the current Stern deal.

In the opinion of Satellite Standard Group, this gives Sirius the ability to create a third Howard Stern channel full of "Classic Howard Stern". The channel would likely be very successful, and would bring in well over Sirius' $2,000,000 in terms of advertising revenue.

SSG advises investors to watch the SEC filings (8K's) of both Sirius and CBS Radio on Tuesday. Those filings will outline the official information that investors will be made aware of.

5/26/2006 03:15:00 PM

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Stern Suit - Breaking News

May 26, 2006

Satellite Standard Group has learned that CBS Radio has stated that Sirius will pay $2,000,000 for rights to recordings of the Howard Stern Show as part of the settlement. Other terms and conditions of the settlement are confidential.

We will post more as information becomes available.

5/26/2006 01:18:00 PM

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Satellite Standard Article Read On Howard Stern Show

May 26, 2006

Satellite Standard Group had an article read on the Howard Stern Show today. The article titled "The Stern Effect Phase 2" was read by Howard Stern in response to whether or not Howard was bringing subscribers to Sirius Satellite Radio.

Well, there can be little doubt of Sterns impact at Sirius given the large influx of subscribers in the first quarter, and year end guidance being raised by Sirius from 6,000,000 to 6,200,000 while counterpart XM satellite radio has trimmed 500,000 subscribers from their year end guidance.

Earlier this year Satellite Standard Group had an article titled "The Stern Effect" posted to the front page of Howards website. The article about "The Stern Effect Phase 2" has now made it to the air.

We here at Satellite Standard Group are looking forward to writing "The Stern Effect Phase 3" when the Howard Stern Show becomes available over the internet in the coming weeks.

5/26/2006 01:02:00 PM

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The Rational Investor: Sirius' Future Looks Bright

May 26, 2006

In an effort to stay informed, Satellite Standard posts articles that may influence the direction of stock price movements:

Sirius' future looks bright
Jamie Dlugosch
The Rational Investor
Friday, May 26, 2006

"The biggest loser in my portfolio thus far has been my selection of Sirius Satellite Radio (SIRI), but the tide may be turning in a big way. Yesterday’s announcement by XM Satellite Radio Holdings (XMSR) of reduced guidance followed by Sirius’ reiterating its own guidance was stunning news in my opinion, and should trigger a much-awaited move by institutional investors away from XM Satellite and into Sirius.

It’s about time. For whatever reason -- anger, fear, or simply poor analysis -- the larger investors have decided that XM was the better play. My good friend at Bank of America has long been a proponent of XM and a basher of Sirius. I wonder what he will say now that XM is expecting 500,000 fewer subscriptions. That’s a big miss in this relatively infant business of satellite radio. Frankly, it was a stunning announcement and should get Mr. B-of-A analyst over to the winning side. I always believed Sirius to be the better play, but I did not expect them to so thoroughly crush XM. And make no mistake, Sirius is thoroughly crushing the competition here.
Consumers have a choice and the winner of late is Sirius by a wide margin. Merger is a must I’m hopeful that the news of the day may spur some much-needed discussions between XM and Sirius. There is absolutely no reason why these two companies should not be merged together into one entity. Sirius could really use XM’s auto deals and XM could really use Sirius’ content. Both could use higher prices that would follow in a merger.

Yes, the regulatory agencies would be skeptical of a combined satellite entity, but they should allow a deal to proceed. The real competition is between satellite and terrestrial, thus there are no monopoly or antitrust issues to worry about.Competition in the space now creates more challenges than benefits. With prohibitive costs to entry, government should support a monopoly as the higher prices charged offset start-up costs. As it stands now, because there are two entities, the price of services is artificially lower than what it should be, on an economic basis.

Oh, sure, one could argue that there is no consumer need for satellite radio and that such a service is a luxury, but is that really the case? I would argue, no. In a world economy, we need to have access to knowledge and information to stay one step ahead of the competition.I could and will make the case that satellite radio serves an educational need in this country. By having more access to content, as compared to terrestrial radio, the listener is improving his life. Even the ability to better unwind from the challenges of any given workday makes satellite a compelling need versus a service.

So management of Sirius and XM, if you are listening, I hope you do us all a favor and start discussing the possibility of a merger. The numbers for one satellite entity would be quite compelling from an investor standpoint.In the mean time, as a Sirius advocate, I will enjoy the fact that my horse is winning the race. I expect Sirius to hit 6.5 million subscribers by the end of they year above what is currently expected. The selling in Sirius has been completely excessive and nonsensical. This horse will be a fine stud in the long term.

I would use this opportunity to buy more shares at these bargain-basement prices. Do so now, before these institutional geniuses figure out the story here. As always, they are a day late. No worries, though, as we should welcome their presence and the higher price it will eventually reap. For those interested keeping up to date on things, may I suggest a subscription to my newsletter service, The Rational Investor. You can join by visiting www.therationalinvestor.com.

Please feel free to e-mail me at jdlugosch@hotmail.com with any questions about my approach. If you are interested in receiving a prospectus for The Rational Investor Fund, please e-mail us a request at info@therationalinvestor.net."

5/26/2006 08:52:00 AM

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Some Pre-Market Analyst Comments...

May 26, 2006

As one would expect, the analysts have quite a bit to say about XMSR and SIRI. Here are excerpts from reports by Barrington, Cowen, Stifel, and Morgan Joseph:

Barrington:

05/26/2006 : JAGNote by Barrington Research Associates, Inc. Par(JAGNotes.com 05/26 07:01:53)
Source: JAGfn.com

XMSR: Downgraded - The firm noted they are cutting its rating on XMSR toMARKET PERFORM.-

The company announced today that it was revising its yearend subscribercount target to 8.5 millionfrom the former 9.0 million. While this still indicates that another 2 million net new subscribers will be added in the final three quarters of the year, the reduced target suggests the pace of subscriber addition in the balance of this year will lag that of the same period lastyear.

A slowed rate of growth can call into questions the aggregate targets we have maintained through the end of this decade. This is the latest in a string of bad news for XMSR and certainly the most serious, in our view. In recent months XM has been plagued with a director's resignation, challenges by both the FTC and FCC, sharply higher than expected SAC costs it has been attempting to curtail, a conflict with theRIAA over performance rights related to its new receiver hardware, and now this.

While the other issues were less significant on an individual basis, they collectively weighed down the stock. The subscriber count issue, however, goes beyond a nuisance factor and calls for a closer look on various assumptions. Reflecting this more serious news, we are cutting our opinion on XMSR toMARKET PERFORM from the previous OUTPERFORM.

SIRI: Outperform - The firm noted they continue its OUTPERFORM recommendation. While the stock has traded down and remained characteristically volatile, we continue our positive view on the common and view this stock as the current preferred choice for those interested in participating in this industry segment.

Cowen:

XMSR & SIRI: Sell-off overdone, weakness a buying opportunity@COWN -

Cowen(theflyonthewall.com 05/26 07:17:41) views the recent selling in XMSR & SIRI as overdone and views valuations as compelling based on 2008 metrics and expected visibility. The firm says shares of both companies are experiencing shareholder rotation as momentum investors exit but expects value sensitive investors to return.

Stifel:

XM Satellite-XMSR guidance could still be aggressive, target lowered-Buy@STFL(theflyonthewall.com 05/26 07:54:40) - Stifel, Nicolaus & Co. believes the reasons for XM's lower retail subs guidance could be due to a slowdown in marketing spending, rough YoY comps, Howard Stern and gas prices. They believe 2010 guidance of 20M subscribers looks to be too aggressive by 2M and has lowered their target to $20 from$25. The firm also believes the valuation gap to Sirius Satellite Radio(SIRI) should tighten because XMSR's enterprise value has been too "out of wack" in relation to SIRI. They feel either XM needs to come up or SIRI needs to go down.

Sirius Satellite-SIRI target lowered, long-term guidance could be at(theflyonthewall.com 05/26 07:29:03)risk-Buy@STFL - While Q2 looks to be "OK" for Sirius after management reiterated guidance this week, Stifel, Nicolaus & Co. believes long-term guidance could be at risk if the company faces slowing gross retail adds. The firm has lowered their target to $6 from $7.50 and will maintain Buy onthe belief that SIRI will get closer to its long-term guidance than the Street currently expects.

Morgan Joseph:

XM Satellite Radio Holdings "buy," target price reducedThursday, May 25, 2006 9:28:19 AM ETMorgan Joseph & CoNEW YORK, May 25 (newratings.com) - Analysts at Morgan Joseph maintain their "buy" rating on XM Satellite Radio Holdings Inc (XMSR.NAS), while reducing their estimates for the company. The target price has been reduced from $40 to $24.In a research note published this morning, the analysts mention that the company has reduced its subscriber growth for 2006 from nine million to 8.5 million, marginally short of the estimates. XM Satellite Radio Holdings’ performance is expected to improve in 2007 due to OEM ramp-up, the analysts say. Although the company has projected its subscriber revenue guidance for the year significantly short of the estimates, it has retained its cash flow guidance, Morgan Joseph adds. The EPS estimates for 2006 and 2007 have reduced from -$2.01 to -$2.16 and from -$0.76 to -$0.91, respectively.

5/26/2006 08:10:00 AM

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BusinessWeek Weighs in on Sirius

MAY 26, 2006

Five for the Money
By Marc Hogan
Baby Stocks with Room to Grow

"What do Sirius Satellite Radio, TiVo, Playboy, and Taiwan Semiconductor have in common? Their shares trade under $10

Americans have always had a love affair with low prices. What's not to like about grabbing a cheeseburger for a dollar at McDonald's (MCD ), or a bottle of soda for 50 cents at Wal-Mart (WMT )? In the investing world, there's a similar psychological appeal to stocks that trade for less than $10 a share. A modest share price has advantages. The standard unit for stock transactions is a round lot, or 100 shares. Any order that can't be broken up into round lots is called an odd lot, and can lead to extra fees. Still, savvy investors know that low-priced stocks aren't necessarily cheap.

That's why investors and analysts spend so much time studying measurements to assess a stock's valuation. The old saw -- some things are cheap for a reason -- always holds true. Of course, the whole point of bargain-hunting is finding diamonds in the rough. This week's Five for the Money looks at stocks with attractive prospects and share prices below $10. Keep in mind, though, that these stocks carry higher risk than other, more established names. So even though the pricetag may tempt you, think carefully before putting any of them in your cart.

1. Listen to the stars.Howard Stern for $100 million a year? That probably doesn't sound like a steal. But Sirius Satellite Radio (SIRI ), the radio operator paying the shock-jock's salary, could be a good buy for just a few bucks, some analysts say. Shares in the New York-based company were trading at $4.23 on May 25. Sirius shares hit a 52-week low of $3.60 on May 24 after larger rival XM Satellite Radio (XMSR ) cut its forecasts for full-year subscriber growth (to 8.5 million subscribers from 9 million) and revenue amid soft retail sales of satellite radios in the second quarter. Sirius reiterated its outlook for more than 6.2 million subscribers by the end of 2006, and says it may book its first quarter of positive cash flow as early as the fourth quarter. Both stocks have skidded more than 40% this year, following double-digit percentage losses in 2005.

Sirius' depressed price means investors can now tune in for cheap, some analysts say. In a Mar. 8 report, Standard & Poor's analyst Tuna Amobi projected Sirius's subscriber rolls, which at last count was around 3.3 million, will swell to 9.8 million by the end of 2007, helped by Stern's arrival in January, 2006. "We expect a significant rampup in the automotive channel over the next two years, and see retail sales increasingly benefiting from new portable products," wrote Amobi, who has a strong buy recommendation on the stock. Of the 33 analysts covering Sirius, 14 say buy, only one says sell, and the rest fall somewhere in the middle, according to data from S&P Equity Research. "

Link to full story: HERE

5/26/2006 07:22:00 AM

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Jacoby - Is He Rational?

May 25, 2006

This is not something that Satellite Standard Group would normally write, but after seeing what Jacoby has done over the years, we felt that his actions deserved a response.

It is no secret that Banc of Americas analyst Jonathan Jacoby is a fan of XM Satellite Radio. It is also no secret that Banc of America has substantial capital invested in XM (they also have invested in SIRI, but to a much lesser extent).

Jacoby has been very persistent in his outlook for XM, and at times seems to take "pot shots" at Sirius in his reports. Investors in Sirius have always noted that as things began to climb, you could count on Jacoby to issue something to stem the rise of Sirius.

Earlier this year there were those that heralded Jacoby's call on Sirius at $4.50. What those investors forgot was that Jacoby has always tied his Sirius target of $4.50 to an XM price of $30. We are all well aware that XM is not at $30.

Jacoby still seems to feel that "relative valuation" is the main component of Sirius, and remains his reason for a neutral rating on Sirius, and a buy rating on XM. It would appear that Jacoby feels that Sirius is properly valued at current levels.

Jacoby is quoted as saying to investors today that, he has, "become more positive on Sirius given its absolute valuation vs. our $5 price target, but we're maintaining our "Neutral" rating due to an expensive relative valuation and our belief is that management needs to demonstrate more rational competitive behavior."

WHAT DID HE SAY????? Sirius management needs to demonstrate more rational competitive behavior?????

Did Jacoby miss which satellite radio company spent large amounts of money in Q4 2005 and again in Q1 2006?

Does Jacoby feel that a PR by XM citing that the entire sector is weak is rational competitive behavior?

Does Jacoby feel that XM's comments in light of the Volkswagen/Audi deal were rational competitive behavior?

Does Jacoby feel that consumer complaints against XM to the point of an FTC investigation are rational competitive behavior?

Has Jacoby missed the litigation filed by 14 law firms charging that XM overspent?

Did Jacoby miss the resignation of Board Member Roberts, and his reasons for leaving?

It was only a few weeks ago that Jacoby was touting that XM had an advantage because of the WCS spectrum. Interestingly, he nas not mentioned it lately. Most other analysts were trying to obtain information from XM regarding the spectrum so that they could work on their projections. Meanwhile, Jacoby called the spectrum a good thing for XM without understanding the build-out costs. Now, XM no longer has the spectrum, and has lowered guidance, and Jacoby still feels that XM is a better buy, and that XM should be at $25.00 when Sirius is at $5.00.

SSG feels that both Sirius and XM are undervalued. We feel that both companies are oversold. We feel that both companies can do well. We feel that Jacoby needs to look at things a little deeper, and look at what becoming Cash Flow Break Even first means to Sirius.

In the opinion of SSG the IRRATIONAL COMPETITIVE BEHAVIOR is being exhibited by Banc of Americas Jonathan Jacoby, who doesn't waste any chance to take a shot at Sirius.

5/25/2006 04:10:00 PM

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Martha Stewarts New Venture

May 25, 2006

Martha Stewart, who has her own channel on Sirius satellite radio, and many other ventures is adding yet another feather to her cap.

Martha is planning on launching a social networking site for women. The idea will surely bring her yet another medium to give her brand more awareness.

Interested SSG readers can reqad the whole article HERE via AdAge

5/25/2006 03:24:00 PM

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Sirius vs. XMSR, From Flyonthewall Blog

Sirius vs. XM Satellite: Go With Sirius

"XM Satellite Radio (XMSR) has gotten crushed during 2006, with the stock decreasing 57% for the year. It has been especially hard hit the last few days as XM warned it was going to miss its subscriber targets. The reasons for the miss were a bit weak--not enough radios and a vague outlook for subscriber growth.

Conversely, Sirius (SIRI) said yesterday that it is still very comfortable about hitting its numbers. The Karmazin approach of getting Howard Stern to be the front man for the company is paying off. The company had good adds in Q4 of 2005 and had a very good Q1 of 2006 (typically a seasonally weaker quarter for the industry.) In addition, the company gave the impression that they were being conservative about net subscriber growth prospects for the year.We should see a de-coupling of these two satellite radio companies as the improving fundamental performance for Sirius drives the stock higher.

Supposedly, XM's CFO inferred in his speech yesterday that it might even be a good idea for the two lone satellite radio companies to merge. That is not a big vote of confidence."
"
posted by Theflyonthewall.com at 11:48 AM
Link: http://theflyonthewallblog.blogspot.com/

5/25/2006 12:02:00 PM

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Oppenheimer Analyst Notes That Sirius Sell-off Overdone

From Flyonthewall.com

Sirius Satellite-SIRI yesterday's pullback undeserved-Buy@OPCO

OPCO notes (theflyonthewall.com 05/25 10:11:55) that while XMSR lowered their guidance, SIRI maintained theirs. They wouldnot chase shares of XMSR, but they believe yesterday's sell-off is overdone.

5/25/2006 11:41:00 AM

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Satellite Radio - Are XM and Sirius Still Tied at the Hip?

May 25, 2006

For years Sirius and XM have traded in very similar patterns. This is very evident by looking at any long term chart comparing the two. This sector trading behavior has at various times been very helpful to one equity or the other, and at other times been very detrimental.

To date, there has been no real catalyst that has been able to create a separation that would allow for these stocks to trade on a more individual basis rather than as a sector. Hardware has not broken the tie, nor have subscriber numbers.

Satellite Standard Group feels that this sector is perhaps now on the cusp of that tie that has bonded Sirius an XM together being broken. With XM's announcement yesterday regarding lowering of guidance, and Sirius' subsequent announcement reaffirming their recently raised guidance, there seems to be a fervor of activity with these equities. The question is whether this separation activity will continue.

Analyst Robert Peck of Bear Stearns downgraded XM stock to two levels to "Underperform" from "Outperform." A substantial downgrade to say the least. Peck feels that XM Satellite Radios management's credibility is in doubt after cutting its growth forecast Wednesday and failing to follow through on marketing promises. We at SSG stated yesterday that the already tarnished management lost further credibility when they reiterated subscriber guidance of over 9,000,000 only three weeks ago, only to shave 500,000 off yesterday. XM said soft retail sales of satellite radios and problems with product availability pushed it to lower its full-year subscriber forecast. XM's comments were taken by the market as an overall sector issue. Sirius responded by stating that they have seen strong sales. Peck also stated, "We think the market has lost faith, and unfortunately what used to be XM's premium over Sirius (confidence in its management) has eroded." Peck said he's optimistic about the satellite-radio industry long term and that shares of Sirius may begin trading more independently of its rival.

Merrill Lynch analyst Laraine Mancini said Sirius' price drop has been due to bad news for XM, not for Sirius.

After Sirius reaffirmed its growth guidance for this year Wednesday, Mancini maintained a "Buy" rating and $9 price target.

"Investors must separate XM news flow from SIRI fundamentals, which should be easier to do as SIRI continues to meet its milestones while XM works to eliminate overhangs," Mancini wrote in a research note.

On the contrary side, Banc of America analyst Jonathan Jacoby still prefers XM over Sirius. Many people who follow this sector have questioned Jacoby's recommendations in the past. In earlier reports Jacoby has always felt that XM should have a larger market cap than Sirius. It would appear that he does not see the separation that other analysts recognize. He states that he feels that XM will have more valuable subscribers, but we here at SSG disagree with that assertion. Sirius has always maintained a higher ARPU than XM, and even with fewer subscribers is garnering more advertising revenue than XM. Jacoby did lower his target on XM from $30 to $25, and maintained a BUY for XM.

It would appear that most analysts are starting to see a separation. With Sirius maintaining guidance, they are now on track to add more subscribers in 2006 than XM. Further, Sirius is on track to reach Cash Flow Break well ahead of XM with all expenses accounted for. The financial metrics is something you will see many analysts referring to in the coming weeks.

All things considered, both equities may well be very oversold, and near bottoms. It will be interesting to see the trading patterns develop over the coming months.

5/25/2006 11:33:00 AM

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Merrill Lynch Maintains BUY on Sirius

May 25, 2006

Merrill Lynch has issued a report on Sirius Satellite Radio in which they maintain a BUY rating.

The report points out that Sirius has been negatively impacted by XM Satellite Radios bad news, and that XM's situation has impacted the sector.

Report excerpts:

"In our opinion Sirius' fundementals remain intact andthe recent declines are overdone"

"In our opinion, recent SIRI price declines were driven by Non Sirius Related and Non Fundemental that are largely isolated to XMSR...."

SSG reader can visit Merrill Lynch HERE

5/25/2006 09:44:00 AM

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Pioneer Inno Shipments Delayed at Comp USA

May 25, 2006

Comp USA, a retailer that advertised the Pioneer Inno from XM Satellite Radio published this notice that shipments of the product have been delayed. Whether or not the delay relates to manufacturing, distribution, or the RIAA suit is not known at this juncture. A few calls to Best Buys showed no Innos in stock, but Crutchfield appears to have some, so it may be as simple as a distribution issue to Comp USA.


May 25, 2006

5/25/2006 09:24:00 AM

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Following Cramers Picks - May 24 Data

May 25, 2006

Jim Cramer often mentions Sirius Satellite Radio on his show, and of late has not been very positive on the company. His boistrous comments oft become fodder for the message boards.

SSG decided to follow some Cramer picjks to see how well he performs. So far, while his show performance is entertaining, his stock picks of May 11, 2006 have left a lot to be desired. On May 11 Cramer outlined 19 stocks that he felt were "BUYS". To date, 16 of them are in negative territory, and 2 of them are off by over 20%.

The chart (click to enlarge) outlines Cramers performance through May 24, as well as the major indexes. There has not been a day yet where Cramer has beat the indexes, and investors that followed his May 11 advice would now be down 6.39%.

SSG will keep you posted

5/25/2006 09:06:00 AM

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ST Microelectronics Upgraded by Piper Jaffray

May 24, 2006

ST Microelectronics (symbol STM) was upgraded from "underperform" to "market perform" by piper Jaffray today.

Those that follow satellite radio, and in particular Sirius should keep ST Microelectronics on their radar screen.

St Micro is a supplier of antennas for popular Sirius satellite radio receivers such as the Sportster and the S50.

5/24/2006 10:55:00 PM

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A Deeper Look at XM's Guidance

May 24, 2006

While the immediate aftermath of XM lowering subscriber guidance was felt deeply in the sector, there is a potential silver lining.

1. XM likely lowered guidance to a target that is easily obtainable, and likely to be exceeded. At the point they lowered guidance, the impact would be the same if the figure was 300,000 or the number they used at 500,000.

2. This lower guidance takes pressure off of XM to spend heavily to meet expectations. There will be no need to scramble to get subs at any cost simply to hit a lofty expectation. This will help XM as well as the sector as a whole. This will ensure that XM can spend their money more judiciously, and in turn Sirius can as well.

3. Although the year over year growth for Sirius has been very strong, the same indication can not be made for XM. This is because they are at differing points in their growth cycle. There will come a point when the year over year numbers will not be as impressive as in the past. This is not saying that satellite radio will not grow, it is mere acknowledging that impressive year over year numbers in terms of subscribers will at some point level off. It is at this point where impressive year over year financial metrics become the focal point. As a sector, or individually, it is important that impressive year over year financial metrics be delivered.

4. It was not really proper for XM to state that their subscriber growth issue is a sector wide problem. Sirius obviously took exception to XM's statement and rightfuly so. The immediate impact of the news took down both equities. Sirius recovered in after hours by releasing a statement reaffirming all of their guidance.

5. It is frustrating that only three weeks ago XM specifically maintained subscriber guidance at 9,000,000 by the end of the year. In our opinion it is very likely that XM had good indication at that point that they were not going to hit 9,000,000. Credibility is something that XM needs at this point, and this announcement takes away from that. One begins to wonder if the debt placement activity came into play with not announcing something a few weeks back. XM is now at attainable targets, but the credibility issue needs to be addressed.

While the immediate impact was not pretty, the "bar" is now set lower for XM, and it is likely lower by a safe margin. This may put some ease on the coffers of both XM and Sirius. In a duopoly that is competing for subscribers, the "other company" is usually forced to match that which their competitor is doing in terms of pricing. Sirius got a free pass from that with Stern, but that pass will not last forever, and at some point the pricing structure has to remain competitive.

As we stated in previous articles, this has the potential to be the issue that puts some separation between these two companies. With current prices where they are, you can be sure that investors are making every conceivable comparison between XM and Sirius prior to investing.

5/24/2006 09:45:00 PM

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Press Release: Sirius Reaffirms Subscriber Goal

May 24, 2006




From: http://www.shareholder.com/sirius/ReleaseDetail.cfm?ReleaseID=198472

5/24/2006 06:01:00 PM

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Settlement in Stern Suit

May 24, 2006

Satellite Standard Group is keeping you up to speed.

A SETTLEMENT HAS BEEN REACHED IN THE CBS RADIO VS. HOWARD STERN SUIT.

Via Reuters

NEW YORK, May 24 (Reuters) -

A settlement has been reached in CBS Radio's breach of contract lawsuit against radio host Howard Stern, an official in a court clerk's office in New York said on Wednesday, but both sides said no agreement had been signed.

"The only response we're authorized to give you is the settlement agreement is not yet signed. We will release a statement when it is," said the office of Peter Parcher, lawyer for Stern.


"CBS says a settlement agreement has not been signed. When it is signed, we will make an announcement," a spokesman said.

CBS Corp. (CBSa.N: Quote, Profile, Research) had filed suit accusing the raunchy radio star of improperly using his final months at CBS Radio to promote Sirius Satellite Radio Inc. (SIRI.O: Quote, Profile, Research), with whom he had signed a five-year deal valued at $500 million.

5/24/2006 04:51:00 PM

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The Stern Effect - Phase 2

May 24, 2006

The "Stern Effect" is an oft discussed subject that centers around whether or not Howard Stern will bring subscribers to Sirius Satellite Radio. Many people have recently cited that the "Stern Effect" was beginning to wear off by pointing to slight declines in NPD percentages since January when Stern launched. Those declines were fully expected. The launch month would by nature bring a huge influx of initial followers.

Before today, we here at SSG had felt that Phase Two of the "Stern Effect" would commence when on-line listening becomes available in June of this year. The ability for Stern fans to listen on line has the potential to bring on another wave of subscribers to Sirius satellite Radio. While this second wave would not be as big as the first, it would likely be very noticeable. We now title the on-line listening capability phase 3.

Phase 2 happened today. XM satellite radio, citing weaker than expected retail sales lowered their 2006 subscriber guidance from 9,000,000 to 8500,000. A reduction of half a million subs. Combine that with Sirius raising guidance from 6,000,000 to 6,200,000 and you get a 700,000 subscriber swing. VERY SUBSTANTIAL.

What caused this swing? The product offerings are still the same as three weeks ago for Sirius, meanwhile XM has launched their new MP3 capable line. At this moment XM has the newest hardware selection on the shelve. The price of the services remains identical as well.

Has there been a dramatic shift in consumer demand? Yes there has. Did Howard Stern influence that shift? Most likely he is the biggest factor involved.

What we see here with this latest guidance shift is a confirmation of "The Stern Effect". It will be very interesting to watch what happens with on-line listening capability.

Looking for the NEW Sportster 4? TSS Radio has it HERE

Suffering From PAIN? Click HERE

Satellite Standard Group has several articles about Howard Stern, including the original "Stern Effect" article. Also look for interviews with personalities such as Maryanne From Brooklyn, Brent and Manson from the Bubba the Love Sponge Show, and other intersting aspects that relate to Stern as well as Sirius. Check out the whole site HERE, and feel free to explore.

5/24/2006 04:28:00 PM

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Sirius Reiterates Their Guidance and Growth

May 24, 2006

Despite the assertion by XM Satellite Radio's Hugh Panero that slow subscriber growth is a sector issue, Sirius Satellite Radio reiterated their guidance (which they raised 3 weeks ago by 200,000 subscribers) of 6,200,000 by the end of 2006. David Frear of Sirius satellite Radio reiterated Sirius' guidance at the Morgan Stanley conference today. He further stated that the issues that XM is facing are XM's issues and not Sirius', and that Sirius remained on target for their goals.

XM pointed out a slowing retail channel as a contributing factor to the lowering of their guidance from 9,000,0000 to 8,500,000. It would appear that Sirius disagrees about a slowing retail channel, and the data seems to back up what Sirius is saying.

According to NPD, the retail channel has seen growth of 66% through April 30, 2006 over the same period from a year ago. Sirius has seen 96% of that year over year NPD retail growth, while XM's growth sits at 4%.

Satellite radio is indeed growing. The question is which satellite radio company is seeing the most benefits from the growth. One third of the way through the year, the retail channel has been dominated by Sirius.

SIRIUS SHOULD REITERATE THEIR COMMENTS ABOUT GROWTH AT THE MORGAN STANLEY CONFERENCE IN A PRESS RELEASE.

There is no doubt that the sector as a whole has taken a beating so far in 2006. Today's events give Sirius a chance to truly separate themselves from issues that are impacting their competitor.

For the first time Sirius satellite Radio has guidance that is above that of XM. Many in the market have perceived XM as the sector leader, but can that "title" be held when Sirius is projecting over 300,000 more subscribers for 2006 than XM?

Is this a point where investors in the sector look at Sirius as a potential sector leader? Looking at the subscriber guidance, and the Cash Flow Break even projections it may begin to turn in that direction. Those that have always believed that Sirius did not deserve a higher market cap than XM, may well begin to reconsider that opinion.

Within the last three weeks there has been a 700,000 subscriber swing in subscriber numbers. Sirius raised by 200,000 and XM has lowered by 500,000. This is substantial, and investors should consider this very closely.

5/24/2006 03:57:00 PM

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XM Satellite Radio Lowers Subscriber Guidance

May 24, 2006

Satellite Standard Group keeps you informed. Today XM Satellite Radio lowered 2006 subscriber guidance from 9,000,000 to 8,500,000.

"Although XM has regained retail market share since the first of the year, the satellite radio category has seen an overall softness at retail during the second quarter to date, and we have been later than anticipated with broad availability of our new products," XM chief executive Hugh Panero said in a statement.

WHAT DOES THIS MEAN?

Panero's citing of gaining retail share is partially correct. Retail share favored Sirius greatly in January when Howard Stern launched. By nature, the effect of Stern would wane to a certain extent following the launch. Through April this year, Sirius has garnered 59% of the NPD retail share, and this is likely something that XM was not anticipating.

IMPACT ON THE SECTOR

Sirius raised their subscriber guidance from 6,000,000 to 6,200,000 a few weeks ago. Now XM has lowered guidance from 9,000,000 to 8,500,000. Should these companies reach their goals, it would mean that Sirius would have an overall market share of 42% at the close of 2006. Sirius currently has an overall market share of about 38.5%.

As things now sit, XM is projecting NET additions of 2,567,195 subscribers in 2006. A figure below last years pace of 2,700,000. By contrast Sirius is projecting NET additions of 2,883,440 this year. A figure well above the 2,200,000 that Sirius added last year.

Sirius and XM have tended to trade in concert with each other. Does this latest information show a seperation? Only time will tell. Clearly, the secor is growing, but it would appear that Sirius is the company gaing more of the growth.

5/24/2006 02:41:00 PM

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XM Showcases Talent

May 24, 2006

XM Satellite Radio announced today some major talent that will be showcased by XM on popular shows such as "Artist Confidential, "Offstage", and "Artist 2 Artist"

Names such as Dixie Chicks, Rob Thomas, David Gilmour, and Pretenders are planned to participate, as well as many others.

Shows such as "Artist Confidential" have been well received by the subscribers, as well as the musical entertainment industry. Listen in and enjoy.

SSG readers can get the whole story HERE via an XM satellite Radio press release.

5/24/2006 01:23:00 PM

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XM Satellite Radio's Gary Parsons to Speak at Morgan Stanley Conference

May 24, 2006

XM Satellite Radio's Gary Parsons will be speaking at the Morgan Stanley 11th Annual Media & Communications Conference in Washington D.C.

This means that both Sirius and XM will be represented in the conference.

The conference will be webcast, and interested investors can listen to the XM portion over the web HERE.

Sirius investors interested in listening to David Frears presentation can access the conferees by going HERE and following the link in that related SSG story

5/24/2006 01:14:00 PM

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14th Law Firm Joins Class Action Suit Against XM

May 24, 2006

Satellite Standard Group has been following this story since it broke, and it seems to never end. Today it was announced that another law firm has entered the Class action suit filed against XM Satellite Radio.

The 14th firm to enter the suit is Pomerantz Haudek Block Grossman & Gross LLP (www.pomerantzlaw.com) .

You can read the entire story HERE via Money Central.

5/24/2006 01:10:00 PM

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Federal Judge Denies GM Request to Delay Delphi Hearing

May 24, 2006

Satellite Standard Group is keeping you informed.

General Motors had requested from a Federal Bankruptcy Judge that the hearing regarding Delphi's request to void labor contracts be postponed.

The Federal Judge denied GM's request.

Delphi is a major contributor to GM production, and the unions have already voted to authorize a strike if one was needed. A strike by Delphi workers could impact GM production substantially.

SSG is of the opinion that a strike is unlikely, and that last minute negotiations and concessions by the unions will happen. In our opinion the judge is very likely to void the current contracts, and that the unions are well aware of this.

XM Satellite Radio is the exclusive satellite radio partner of GM.

You can read the whole story HERE via AP

5/24/2006 10:51:00 AM

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Following Cramers Picks - May 23, 2006

May 24, 2006

Satellite Standard Group, after doing a few stories on Jim Cramer decided to take a look at some of his picks, and how they perform over time.

Cramer enjoys a large following, and seems to get a lot of positive press, and his show is filled with callers all singing his praises. Is it warranted?

Well, we have been following the stock picks that Cramer made on May 11, 2006 (Click Chart to Enlarge). So far Cramer is not doing very well. Of his 19 picks only three are "in the green", and as a whole, investors would be down 5.56% so far. Investors would also have seen better performance investing in any of the three major indexes over the picks of Jim Cramer on May 11, 2006.

Satellite Standard Group will continue to follow these picks through the end of May.

5/24/2006 10:14:00 AM

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Cramer and Mel are Breaking Bread this Morning

May 24, 2006

We mention Cramer on this site, even though he as nothing to do with satellite radio because he mentions Sirius (rarely XMSR) on his show.

Interestingly, with all the stocks in the universe, his vast knowledge and years of experience, somehow, Cramer has the impulse and finds the air time to mention SIRI negatively several times a week.

Last night, he also mentioned this:

From Mad Money Lightning Round last night (5/23/06) "Sirius Satellite Radio: I don't know what I'm gonna tell Mel (CEO Karmazin, when Cramer has breakfast with him tomorrow)."

We will keep you posted...

5/24/2006 06:11:00 AM

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Sirius To Present at Morgan Stanley Media and Communications Conference

May 23, 2006

Sirius Satellite Radio's David Frear will be participating in a question and answer session at the Morgan Stanley Media and Communications Conference.

The event is scheduled for May 24th 2006 at 2:00PM EST in Washington D.C.

This event will also be webcast. Investors can access the website by visiting the investor relations section of the sirius website HERE

Morgan Stanley recently ran a report in which they stated that they felt sirius was the better satellite radio value

5/23/2006 06:26:00 PM

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Mel Karmazin on Jim Cramer

May 23, 2006

Satellite Standard revceived information that Mel Karmazin spoke candidly about Jim Cramer at the Annual shareholders meeting today.

SSG was told that Mel stated that Cramer changed his tune on Sirius shortly after signing a syndication deal with CBS, who currently has Sirius named on a law suit against Howard Stern.

Mel also mentioned the publisher of Cramers new book Simon a Schuster, who happens to be owned by Viacom (parent company to CBS Radio).

Is Mel indicating that Cramer is now jaded? Readers will have to judge for themselves.

5/23/2006 12:48:00 PM

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Sirius Annual Meeting - Live Wearable

May 23, 2006

Those that attended the Annual meeting got a treat today.

Satellite Standard Group has learned that a Slide of the new live wearable device was part of the presentation. Mel Karmazin also held up the unit in his hands.

The unit is described as slightly wider than the S50, a black face, white/light trim, and a knob on the face controls.

Also of note were comments that Mel Karmazin was able to be very candid in the question and answer session, and took the time to answer several investor questions in great detail.

5/23/2006 12:37:00 PM

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Landenburg Thalmann Upgrades XM

May 23, 2006.

Analysts at Landenburg Thalman have upgraded XM Satellite Radio from Hold to Buy.

Many feel that XM Satellite Radio is oversold at this point, and those likely agree that this upgrade was in order.

5/23/2006 12:28:00 PM

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Sirius Annual Meeting - Post Meeting Update

May 23, 2006

Satellite Standard Group makes every effort to keep you informed. The decision by Sirius Satellite Radio to not carry the annual meeting via webcast, telephone, or on a Sirius channel was very frustrating both as an investor, and as someone who is trying to report on the event.

investors in this equity have become used to and conditioned to being able to listen to events such as this, and the sudden decision to change that caused many investors angst over the past 24 hours. Personally, I received many telephone calls asking questions that I simply did not have the answer for. Each time these people expressed their frustration at not knowing what was going on with the annual meeting.

In our opinion, the decision by Sirius was not properly conveyed to the investors, and that left a lot of questions and speculation. In our opinion, we wish that Sirius had made the call available by some sort of medium other than personal attendance. At a minimum Sirius should have had some sort of Bulletin on the investor relations page of their website.

That being said, SSG would like to bring out a couple of points from the meeting:

1. The meeting covered basically items that were covered in the past few investor conferences such as CBC and Lehman Brothers. Nothing new or "earth shattering" seems to have been discussed.

2. Mel Karmazin did point out that he has himself invested about $15,000,000 into Sirius, and that he feels that Sirius is undervalued. It has been reported that Mel Karmazin went on to say that as an insider, he is restricted as to when he can buy stock, but that he plans on buying more when he is allowed to do so. Typically such restrictions center around pending information that the insider is aware of, and the public is not. Does this mean that Sirius will have some positive news pending? Perhaps, but that would be speculation at this point. What we know is that Mel Karmazin has publicly expressed an interest in buying shares of Sirius, but at this time he can not do so.

We here at SSG will update further when more information becomes available. We would like to thank our readers for their patience as we await further information.

5/23/2006 11:44:00 AM

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Sirius Annual Meeting

May 23, 2006

Satellite Standard Group is trying to keep you informed.

It appears that the Sirius satellite Radio Annual Meeting is not webcast, nor is there a call in number, nor does it appear that it will be aired on one of the Sirius streams.

We here at SSG will post immediately if we learn anything regarding the call.

5/23/2006 08:57:00 AM

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Lehman Brothers Comments

May 23, 2006

An interesting comment from the Lehman Brothers Conference.

When they were introducing David Frear of Sirius, the Lehman analyst noted that Sirius is "Massively Undervalued"

Is this an indication that Lehman Brothers has turned very bullish on Sirius? Only time will tell.

Investors interested in hearing the entire presentation can do so by clicking HERE

5/23/2006 12:29:00 AM

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XM and WCS Split

May 23, 2006

XM satellite Radio and WCS have announced that their relationship is now over. XM satellite radio will not be acquiring the WCS spectrum.

In the opinion of satellite standard Group this is a positive move for XM satellite radio as well as the sector. It has been our opinion that the WCS spectrum issue has been a cloud overhanging XM. With this announcement that cloud is now gone.

The reasons we felt that WCS was a cloud was because of all of the uncertainty surrounding the issue. XM had not disclosed their business plans for the bandwidth, nor any anticipated build-out costs. Those questions had been hanging over XM since the deal was announced in July of 2005. At the time of the announcement, XM was at about $36.00 per share, and the price has fallen ever since.

IMPACT ON XM

In terms of the stock price, this should have a positive impact. All of the questions about the business plan and costs are now moot. There was little doubt that the costs would have been substantial, and that it would have a drain on cash before it would have been viable. Whether or not the street will realize this right away is yet to be seen. Capital expenditures by XM should now be able to be trimmed substantially, and the prospects of being free cash flow positive are now better than they were 24 hours ago.

IMPACT ON SIRIUS

This announcement takes some pressure off of Sirius Satellite Radio as well. Sirius had previously announced that they are working on rolling out hierarchical modulation that would effectively increase Sirius' capacity by about 25%. The potential existed that Sirius would have to move early on this process in order to match whatever services that XM had planned for the WCS bandwidth. Today, that pressure has had some relief.

IMPACT ON THE SECTOR

The potential exists that this announcement could have a very positive impact on the sector. There is a perception that Sirius and XM are having to out-do each other, and that they do so at a great cost. With WCS out of the picture, the perception could well shift to the cost saving aspects of the deal. This announcement has the potential to illustrate that these companies do realize that smart growth is better than expensive growth. Is this enough to change the downtrend? We will see in the coming days.

5/23/2006 12:09:00 AM

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XM Wins 2006 Brandweek Customer Loyalty Award

May 22, 2006

Via XM Press Release

WASHINGTON, May 22 /PRNewswire-FirstCall/ -- XM Satellite Radio today won the 2006 Brandweek Customer Loyalty Award powered by Brand Keys for having the highest level of customer loyalty in the satellite radio industry.


XM, the nation's leading satellite radio company with more than 6.5 million subscribers, is the brand with the greatest customer loyalty in the satellite radio category for the second consecutive year, according to a national survey of consumers conducted for Brandweek magazine, the leading source of news and information in the U.S. marketing industry, by Brand Keys, the brand and customer loyalty research and strategic planning firm.

Several of XM's strategic partners also won awards for having the highest level of customer loyalty in their respective categories. These XM partners included Avis, JetBlue, "Good Morning America," Samsung, Sony, Starbucks, and Target.

"Millions of customers choose XM because it offers the most content, the best choices, and the most advanced radios in our industry," said Steve Cook, executive vice president of sales, marketing, and customer operations, XM Satellite Radio. "XM is proud to be recognized as the top brand with the highest level of customer loyalty in satellite radio, and we're particularly pleased to be honored alongside so many of our partners who received top honors as well."

5/22/2006 01:40:00 PM

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A Comparison of Satellite Radio and HD Radio

May 22, 2006

Ever since Sirius and XM began getting subscribers, there were those that have challenged the "pay-for-radio" business model with the upcoming release of HD Radio. While both types of service offer digital music, the method of revenue between satellite and HD differs greatly. Satellite radio relies on subscriber revenue that is supplemented by advertising revenue. HD radio relies solely on advertising revenue.

Many have offered speculation as to what effect HD Radio will have on Sirius and XM. Some feel that it will have a minimal effect, while others seem to feel that it will have a drastic impact. Only time will tell, but before any realistic conclusion can be made, HD Radio needs to first become viable itself. Viability for HD radio has been a true struggle.

Well, now there is someone who has taken the time to formulate how satellite and HD are performing, and they have graded the services. Audio Graphics has an interesting piece on the Satellite vs. HD battle.

The final grade is that Satellite Radio gets a B- while HD Radio gets a D.

You will have to read the article to see how they arrived at these grades. You can catch the entire piece HERE

A Special Thank You to T.W. for letting us know about this

5/22/2006 01:23:00 PM

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Sirius and XM Merger??

May 22, 2006

Wait, Wait, Wait. We are not saying that this is going to happen, nor whether there are even any talks happening between Sirius and XM. We are commenting on some of what happened during the Sirius presentation at the Lehman Conference that David Frear of Sirius Satellite Radio spoke at this morning.

During the question and answer session, the question of a merger was brought up. Frear responded by saying, "...Putting the two companies together would make a lot of sense from an economic standpoint. Not sure what the government would say....."

If you sit back and toss all of the potential hurdles aside, what Frear said makes a lot of sense.

1. Overhead costs would be reduced dramatically.
2. The perception that these two companies are in various bidding wars would disappear.
3. Marketing costs would be much more reasonable.
4. The sharing of technology.
5. The merged company would have stronger negotiating power with OEM's.
6. The merged company would have stronger negotiating power with chip manufacturers.
7.The merged company would have stronger negotiating power with retailers.
8. The merged company would have an increased ability to deal with the RIAA.
9. The merged company could take on the MP3 world instead of each other.
10. The merged company would enjoy a much stronger cash flow position.

Many people think that the government would not allow such a merger. Satellite radio is a duopoly that would never be allowed to make it a monopoly. The question however is this.....Is satellite Radio really a duopoly? Cell companies are now venturing into the digital music world. HD radio is doing the same.

Six months ago, the thought of a merger was not as attractive as it is today. With depressed stock prices that satellite radio has seen so far in 2006, a merger becomes something that is now crossing the mind of many people, even if only as a fantasy.

Would it make economic sense to merge? YES
Would there be many hurdles to clear? YES
Would the stock prices of satellite radio appreciate? INSTANTLY (In my opinion)

5/22/2006 12:44:00 PM

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Tony Stewarts Top 5 on Sirius

May 22, 2006

Sirius Satellite Radio often does a little profile where talent that appears on Sirius outline their top 5 Sirius channels.

At this time, the profile is for Tony Stewart. If you were not aware, Sirius recently announced that Stewart, driver of the #20 Home Depot Car, will be joining the Sirius line-up as Nascar transitions to exclusive availability on Sirius Satellite Radio beginning in 2007.

Ton's Top 5 are:

1. Octane - Channel 20 (appropriate for a NASCAR Driver)
2. Big 80's - Channel 8
3. New Country - Channel 60
4. Howard 100 - Channel 100
5. Raw Dog - Channel 104

5/22/2006 12:36:00 PM

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13th Firm Joins XM Class Action Suit

May 22, 2006

Just when you begin to think that there will not be any more headlines proclaiming a Class Action Suit against XM Satellite Radio, another firm enters the mix.

The latest addition to the Class Action Suit is Glancy Binkow & Goldberg LLP.

The whole story (basically the same as the 12 preceding it) can be read HERE

5/22/2006 10:04:00 AM

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Following Cramers Picks - Through May 19

May 22, 2006

Satellite Standard has been following the stock picks of the popular television host Jim Cramer. On May 11, Cramer outlined 19 picks that he considered a "BUY". Cramer often mentinoins Sirius Satellite Radio on his show, so we thought that we would follow some of his picks for a short period to see how well he does against the major index's.

The chart (click to enlarge) outlines the closing price of each of Cramers picks on May 11, 2006, as well as the closing price for each respective day of this update.

To date, Cramer has not been ahead of the index's yet, and Friday's close offered no improvement. An investor who followed Cramers advice on May 11, would be down 4.24% at this point. SSG will keep an eye on this at least through the end of the month.

5/22/2006 09:10:00 AM

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Shares of Mitsubushi Being Acquired

May 22, 2006

Satellite Standard Group makes every effort to keep you informed, even if the correlation between the story and satellite radio is way off the radar screen. Sometimes such events wind up playing a role in the moths or years ahead, and sometimes they do not, but either way, we feel it is worth reporting.

This story relates to Mitsubishi Motors, a Sirius satellite radio partner here in the U.S.

via Forbes.com

TAIPEI (XFN-ASIA) - China Motor Corp (2204.TW) said its wholly-owned investment arm Hwa Hong Investment Co Ltd (Samoa) acquired 5.67 mln shares, representing a 0.11 pct stake, in Japan's Mitsubishi Motors Corp at prices ranging from 223.5 yen to 234.0 yen a share, or a total of 1.30 bln yen, during March 7-19.

The parent company and Hwa Hong now own a total of around 20 mln shares in the Japanese firm, according to a China Motor official. Mitsubishi Motors, meanwhile, owns about 14 pct of China Motor. China Motor makes Mitsubishi-branded automobiles in Taiwan. (1 usd = 32.00 twd)

While we here at SSG see virtually no effect on SDARS, it is interesting to note the ownership interests in the OEM world. In particular, the auto manufactures in China. There have been a few efforts by Chinese auto manufactures to penetrate into the U.S. auto markets. It goes without saying that should a Chinese company put vehicles on these shores, that Sirius and XM would be seeking a satellite radio deal. again, no real impact from this particular deal, but worth noting as we follow the OEM sector.

Check out China Motor Corps webiste....some interesting vehicles....HERE

5/22/2006 12:39:00 AM

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Home Depot Get Sirius

May 21, 2006

Satellite Standard Group was pleased to see that Home Depot is now carrying Sirius Radio.

A few weeks back, Home Depot announced that they would be beginning to carry automotive accessories in some of their stores. At the time, we noted that it was a great opportunity for Sirius to become involved with the home improvement retailer. It now appears that this is exactly what happened.

Sirius Satellite Radio is now available at select Home Depot stores, and this happens just in time for the Father's Day push.

Hopefully we will see an expansion of sirius availability at Home Depot, especially with Tony Stewart of NASCAR, who drives the Home Depot #20 car, beginning a show on Sirius.

5/21/2006 04:19:00 PM

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Chris Rock Pokes Some Fun At CBS Radio's Les Moonves

May 19, 2006

Satellite Standard Group likes to keep you up to speed.

I appears as though Howard stern is not the only celebrity that pokes fun at Les Moonves these days. Chris Rock has his own words about the CBS Radio CEO. In an Associated Press story Chris stated that Monnves picked the young boy who plays Chris on his television series, vetoing the person who had been the top choice. According to Chris Rock Les Moonves stated, "I know how to pick black kids". Chris then quipped that Moonves is "picking out kids for Angelina Jolie now".

Chris Rock was speaking at an event held for advertisers.

SSG readers can catch the whole story HERE via AP

5/19/2006 04:24:00 PM

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Sirius Satellite To Prestent at Lehman Wireless, Wireline & Media Conference

May 19, 2006

NEW YORK, May 19 /PRNewswire-FirstCall/ --

SIRIUS Satellite Radio (Nasdaq: SIRI - News) today announced that David Frear, its Executive Vice President and Chief Financial Officer, is expected to present at the Lehman Wireless, Wireline & Media Conference in New York on Monday, May 22, 2006 at 9.00 am ET.
(Logo: http://www.newscom.com/cgi-bin/prnh/19991118/NYTH125 )
Source: SIRIUS Satellite Radio

A live audio webcast of the presentation will be available via the Investor Relations section of the company's website sirius.com on Monday, May 22, 2006, at 9.00 am ET.

5/19/2006 03:02:00 PM

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Opie & Anthony To Appear on Hannity & Colmes

May 19, 2006

XM Satellite Radio Shock Jocks are now available in seven terrestrial markets through an XM/CBS Radio Deal. XM has indicated that the terrestrial radio offerings of the Opie & Anthony show will be increasing.

Opie & Anthony will be talking about this, as well as some "digs" at Sirius satellite Radio personality Howard Stern tonight on Hannity and Colmes at 9:00 PM EST.

Columnist Glenn Garvin wrote today that, Long before they were competing shock jocks on opposition satellite radio networks, XM's Opie and Anthony andSirius' Howard Stern worked for the same radio company in New York. And it wasn't much fun, say Opie and Anthony say during an interview airing at 9 tonight on the Fox News Channel's Hannity & Colmes.

"The guy made our lives miserable when we worked for Infinity Broadcasting," says Anthony says. "He put a gag order on us so we couldn't talk about him. He didn't like somebody else being successful in his city, in NewYork. His home base. [Even though] we were in a different day part. We were doing afternoons, he was doing mornings.

"Partner Opie adds that they came into possession of Stern's chair when he left Infinity. "We got rid of it,though," he says. "Because we didn't want to sit in it."-- GLENN GARVIN

Tune in to Hannity & Colmes to see the interview. It is sure to raise some message board fodder and debate between fans of Howard Stern and fans of Opie & Anthony

5/19/2006 11:58:00 AM

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Details of the RIAA vs XMSR legal filing

May 19, 2006

There is a summary of the RIAA vs XMSR lawsuit with a link to the actual filing on Orbitcast.

Investors in both Sirius and XM should take some time to read this information, and understand what aspects of these devices are at issue, and where the respective companies stand with the device capability issue.

(link: http://www.orbitcast.com/archives/details-on-the-riaa-vs-xm-radio-lawsuit.html)

5/19/2006 10:14:00 AM

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Tony Stewart Gets Sirius

May 19, 2006

It seems as if Sirius Satellite Radio has a monopoly on Stewarts. First Martha, the Alexis, and now Tony (Tony is of no relation to Martha as far as we know).

Rumors surrounding the arrival have Tony Stewart at Sirius have been circulating for a few weeks, particularly with those that follow the Bubba The Love Sponge Show. Sirius Fan Network ran a story about the rumor of Stewart yesterday. Speculation also has arisen that Matty Yokum may also be headed to the Sirius airwaves, but no confirmation to this has yet been offered by Sirius.

VIA PRESS RELEASE FROM SIRIUS

NASCAR Driver Tony Stewart to Host Live Talk Show Exclusively on SIRIUS Satellite RadioFriday May 19, 9:00 am ET

'Tony Stewart Live' will air weekly on SIRIUS' upcoming 24/7 NASCAR Channel
SIRIUS will be the Official Satellite Radio Partner of NASCAR starting in 2007
NEW YORK, May 19 /PRNewswire/ -- SIRIUS Satellite Radio, the Official Satellite Radio Partner of NASCAR starting in 2007, announced today that two-time and reigning NASCAR NEXTEL Cup Series champion Tony Stewart -- one of the sport's most exciting and outspoken drivers -- will host a live weekly talk show exclusively on SIRIUS.
(Logo: http://www.newscom.com/cgi-bin/prnh/19991118/NYTH125 )
Source: SIRIUS Satellite Radio

· Debuting in January, Tony Stewart Live will air exclusively on SIRIUS' upcoming 24/7 NASCAR channel, providing SIRIUS listeners with the ultimate insider's perspective on auto racing. The weekly, two-hour show will feature Stewart -- who has never been shy about expressing his opinions in 27 years of racing -- taking calls from listeners, talking with prominent guests and covering the spectrum of motorsports -- from NASCAR to open-wheel racing and beyond. Matt Yocum, who is a pit reporter for the NASCAR broadcasts on FOX/FX and NBC/TNT, will be Stewart's co-host on Tony Stewart Live.

Preview editions of Tony Stewart Live, hosted by Stewart, will begin airing exclusively on SIRIUS in October 2006. Stewart will also be featured in SIRIUS' NASCAR related marketing and advertising.

Beginning next year, SIRIUS will be the Official Satellite Radio Partner of NASCAR, broadcasting all NASCAR NEXTEL Cup Series, NASCAR Busch Series and NASCAR Craftsman Truck Series races live on a specially created, 24/7 NASCAR channel.

"It's an honor to be a part of SIRIUS and its commitment to NASCAR," said Stewart. "Our show will allow us to speak with the fans on our terms, where we're free to talk about anything and everything, from racing and rock-and- roll to our travels across America. It's a unique opportunity, and we plan to make the most of it."

"NASCAR will be one of the cornerstones of SIRIUS' programming, and with Tony anchoring our NASCAR channel, we will provide the most expert and compelling coverage of the sport," said Scott Greenstein, SIRIUS' President, Entertainment and Sports. "Tony will have the freedom to run this show the same way he runs the track in his #20 car -- fast, aggressive and willing to trade a little paint with our listeners."

Stewart is a two-time NASCAR NEXTEL Cup Series champion, having won the title in 2002 and 2005, and with his second championship, he became one of only 14 drivers in the history of NASCAR to win multiple Cup Series titles. In addition to his achievements on the NASCAR circuit, Stewart is the first and only driver to have won championships in stock cars, Indy cars and in USAC's Midget, Sprint and Silver Crown divisions.

In 1980 at the age of eight, Stewart won his first championship -- a 4-cycle rookie junior class championship in his hometown of Columbus, Ind. By 1989, after two more national karting championships, Stewart had moved on to open-wheeled machines, racing Three-Quarter Midgets. He turned his attention to the USAC ranks in 1991, where he was named Rookie of the Year. Stewart won his first USAC championship in the National Midget category in 1994, and in 1995, he made USAC history by achieving the sport's Triple Crown -- winning the National Midget, Sprint and Silver Crown titles all in the same year -- a feat that had never been accomplished before. In 1996, he moved to the IRL IndyCar Series where he won Rookie of the Year honors before capturing the IndyCar Series championship in 1997.

While racing Indy cars, Stewart also began dabbling in stock cars. He ran nine NASCAR Busch Series races in 1996. There, his versatility was noticed by Joe Gibbs -- the three-time Super Bowl-winning coach of the Washington Redskins and the owner of Joe Gibbs Racing. By 1997, Stewart was a member of Joe Gibbs Racing, running five Busch Series races before a 22-race Busch Series slate in 1998. In 1999, Stewart moved to the pinnacle of motorsports -- the Nextel Cup Series. During an extraordinary rookie campaign, Stewart won three races, was crowned Rookie of the Year and became the first driver to complete both the Indianapolis 500 and the Coca-Cola 600 on the same day. Currently, Stewart has 25 Nextel Cup wins, 10 poles, 100 top-fives and 156 top-10s in 259 career starts.

Outside of his driving duties, Stewart is both a car owner and a track owner. Tony Stewart Motorsports fields a World of Outlaws team that won the series championship in 2001, a USAC team that fields entries in the Sprint, Midget and Silver Crown divisions, and a USAR Hooters Pro Cup Series team. Eldora Speedway, the premier grassroots motorsports venue in the country, is also Stewart's, as he purchased the 52-year-old half-mile, clay oval in late 2004.
While Stewart is passionate about racing, he is equally passionate about philanthropy. In 2003, he formed "The Tony Stewart Foundation," through which he raises funds that are distributed to organizations that actively support children's organizations, animal rescue groups and injured race car drivers.

Stewart, single, still calls Columbus home, where he lives in the house he grew up in. He has a sister Natalie, who helps run the Tony Stewart Fan Club, along with their mom, Pam Boas, who also runs the Foundation. His father, Nelson, oversees Stewart's portfolio of properties while assisting the race teams on a day-to-day basis.

About SIRIUS
SIRIUS delivers more than 125 channels of the best programming in all of radio. SIRIUS is the original and only home of 100% commercial free music channels in satellite radio, offering 67 music channels available nationwide. SIRIUS also delivers 61 channels of sports, news, talk, entertainment, traffic, weather and data. SIRIUS is the Official Satellite Radio Partner of the NFL, NBA and NHL, and broadcasts live play-by-play games of the NFL, NBA and NHL. All SIRIUS programming is available for a monthly subscription fee of only $12.95.
SIRIUS products for the car, truck, home, RV and boat are available in more than 25,000 retail locations, including Best Buy, Circuit City, Crutchfield, Costco, Target, Wal-Mart, Sam's Club, RadioShack and at shop.sirius.com.

SIRIUS radios are offered in Land® vehicles from Audi, BMW, Chrysler, Dodge, Ford, Infiniti, Jaguar, Jeep Rover, Lexus, Lincoln-Mercury, Mazda, Mercedes-Benz, MINI, Nissan, Rolls Royce, Scion, Toyota, Porsche, Volkswagen and Volvo. Hertz also offers SIRIUS in its rental cars at major locations around the country.

Click on http://www.sirius.com/ to listen to SIRIUS live, or to purchase a SIRIUS radio and subscription.
Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, future events or performance with respect to SIRIUS Satellite Radio Inc. are not historical facts and may be forward-looking and, accordingly, such statements involve estimates, assumptions and uncertainties which could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, any such statements are qualified in their entirety by reference to the factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2005 filed with the Securities and Exchange Commission. Among the key factors that have a direct bearing on our operational results are: our dependence upon third parties, including manufacturers of SIRIUS radios, retailers, automakers and programming partners, our competitive position and any events which affect the useful life of our satellites.

Media Contacts:
Andrew FitzPatrick
SIRIUS
201.901.6693
afitzpatrick@siriusradio.com
Mike Arning
True Speed Communication
770.579.1970
mikearning@aol.com

5/19/2006 09:24:00 AM

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Sirius Puts Second Commercial on Website

May 19, 2006

Sirius Satellite Radio has now added a second television spot to their website. last week many people noted the first add titled "Sunroof" which featured Def Lepard's Love Bites played to a catchy scene where a boyfriend is begging forgiveness from his girlfriend while hanging onto the sunroof of a moving car.

The new add is called "Trunk"

Go HERE to view the ad

5/19/2006 09:12:00 AM

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Now Everyone Knows About Satellite Radio!!!

May 19, 2006

The dispute between XMSR and the RIAA will ultimately be great for sales. Practically everyone in the country now knows about satellite radio and the advanced features of the Inno....it's on the front page of every paper!

Sometimes issues like this create in instant awareness and attraction to a product. Let's hope that this is the case here

check this out: http://news.google.com/news?hl=en&ned=&ie=UTF-8&scoring=d&q=xmsr+inno&btnG=Search+News

5/18/2006 10:46:00 PM

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Following Cramers Picks - The Slide Continues - May 18, 2006

May 18, 2006

Satellite Standard Group has been following the May 11, 2006 stock picks of Jim Cramer. The bad news if you follow Cramer is that the slide continues, and in fact his picks have been in the red since he picked them. Each passing day has gone deeper in th hole.

An investor that followed Cramers advice on May 11, 2006 would now be down 5.73% in 5 trading days. Investors would still not be in the green by investing in an index, but they would not be as bad off either.

The chart (click to enlarge) shows Cramers picks, today's closing prices, and whether or not the equity is gaining or losing. SSG will monitor these picks through the end of the month.

5/18/2006 04:39:00 PM

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Sirius To Launch Daily "BLOG RADIO" Show

May 18, 2006

Satellite Standard keeps you informed.

An interesting concept from Sirius Satellite Radio.

SIRIUS SATELLITE RADIO TO LAUNCH DAILY "BLOG RADIO" SHOW

Top music bloggers will highlight indie rock music

NEW YORK - May 18, 2006 -

SIRIUS Satellite Radio (NASDAQ: SIRI)announced today that it will launch a daily music show hosted by some of America's top music bloggers. The innovative new program, Blog Radio, will debut May on Monday, May29 on Left of Center channel 26, the commercial-free SIRIUS music channel that plays the best in college, indie and alternative rockmusic.

Each weeknight at 10 pm ET, Blog Radio will be hosted by a blogger who will showcase his or her favorite music and provide views and insightsinto the indie rock music scene. Some of the influential music blogswhich will contribute to Blog Radio include

Gorilla Vs Bear(gorillavsbear.net), Brooklyn Vegan (brooklynvegan.com) and ProductShop NYC (productshopnyc.com).

SIRIUS Satellite Radio Senior Vice President of Music Programming SteveBlatter said, "Blog Radio further solidifies SIRIUS' position asthe leader in the discovery of new music and demonstrates ourcommitment to providing a vehicle for independent musicians and opinionmakers to be heard."

5/18/2006 03:07:00 PM

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Sony/Ericsson Walkman Phones to Hit Market

May 18, 2006

Satellite Standard Group is keeping you up to speed. As Sirius and XM venture into the portable music market, they are not alaone. Cell phones capable of being an MP3 player are gaining in popularity, and now Sony Ericsson is joing in the race.

These new phones are feature rich, and have some interesting capabilities including FM radio. Be sure to read this.

Via Businessweek.com

MAY. 18 1:35 P.M. ET

Sony Ericsson launched four new mobile phone models Thursday, including two in its Walkman-branded line.

The W850 is Sony Ericsson's first phone in the "slider" category and features a 2 megapixel camera as well as an upgraded version of the Walkman music player for tunes downloaded over third-generation mobile phone networks.

The company, a joint venture of Sweden's Telefon AB LM Ericsson and Japan's Sony Corp., said the phone lets users download music from the Internet and accepts several formats, including MP3, AAC and m4

The W850 also introduces a new service that allows users to record a few seconds of a song, either via the microphone or the built-in FM radio, and then with one click, send that clip to a database that will identify the track and relay information about the song back to the phone.
The W710, another Walkman-branded phone, adds functions designed to appeal to fitness-oriented customers. A jogging application measures speed and distance covered. There also is a daily step counter that resets automatically at midnight.

The Z550 and the Z710 are both clamshell phones that Sony Ericsson say fit customers who use their phone both at work and for leisure. The Z710 has a 2 megapixel camera while the Z550 has a 1.3 megapixel camera.

The company also presented the M608c, a touch-screen handset that recognizes Chinese characters. A new version of Sony Ericsson's M600 e-mail phone, the M608c was designed especially for China -- Sony Ericsson's largest single market.

All five phones are expected to hit stores in the third quarter of 2006. The company did not release any prices, but a spokesman said the Z550 was expected to sell for about $270, the Z710 and W710 for about $480, and the W850 for about $680 in the Nordic region.

No pricing was available for the M608c.

Vai newsweek.com HERE

5/18/2006 02:25:00 PM

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Hear the replay of the Sirius Presentation at Oppenheimer

May 18, 2006

Here is the link to the replay:

http://investor.sirius.com/medialist.cfm

5/18/2006 02:13:00 PM

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Street Chatter - Schaeffer's on Sirius

May 18, 2006

Schaeffer's had this little opinion on Sirius Satellite Radio.

Via MSN Money

Street Chatter:

Sirius Satellite Radio: Sirius Satellite Radio SIRI nearly found itself in serious trouble yesterday. Shares of the out-of-this-world radio firm slipped sharply toward the four level shortly after the open, but promptly rebounded higher. Providing the impetus for this resurgence is long-term support at the four level and a hefty buildup in put activity in the May and June series of options. While the four strike is not the home of peak put open interest for this period, the more than 19,000 puts accumulated at the strike are certainly nothing to shake a stick at. That said, SIRI is not out of the woods yet, as its declining 10-day moving average could still provide quite an obstacle to overcome.

Investors can read the whole story HERE

5/18/2006 02:02:00 PM

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Following Cramers Picks - May 17th

May 18, 2006

Satellite Standard Group is now four trading days into following the May 11, 2006 stock picks of Jim Cramer.

To date, investors would have performed better by investing in any of the indexes rather than following Cramers advise. Day four seems to be no different. The chart (click to enlarge) shows that an investor following Cramers advise on May 11, 2006 would now be down 4.46% so far.

SSG will continue this column through the end of the month.

5/18/2006 01:51:00 PM

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Talent Unions Call In Digital Rights Consultants

May 18, 2006

Satellite Standard Group keeps you informed. In a story that could have potential implications for satellite radio as technology moves forward, talent unions are seeking out consultants to look into how talent is paid for advertisments, etc. on digital media. As Sirius and XM get ready for offering video services, this may become a factor.

Ad Age writer T.L Stanley wrote the following piece, and if you follow this sector, you should take a few minutes to read the article.

EXCERPT:

May 17, 2006 LOS ANGELES (AdAge.com) -- Representatives from the advertising industry and Hollywood's commercial talent are inching closer to a new model for compensation in a digital world.

The talent unions and ad industry are working together on the thorny issue of how actors get compensated for their work in ads that appear on devices such as cellphones and MP3s, as well as video on demand. Proposal requestsThe groups -- the ad industry's Joint Policy Committee on Broadcast Talent Union Relations, the Screen Actors Guild and the American Federation of Television and Radio Artists -- have asked nine different consultants to submit proposals that will address how actors in commercials will be paid when the spots appear on multiple media.

"We're doing this mutually, and it's a great step forward," said Doug Wood, lead negotiator for the ad industry's Joint Policy Committee. "We need to find a balance between what advertisers need to do to reach audiences and how talent can be fairly compensated."

Contracts set to expireThe goal is to stave off potential trouble as the groups........

You can read the entire piece via AdAge by clicking HERE

5/18/2006 12:26:00 PM

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Morgan Stanley on April NPD - SATRAD Still Growing at Retail

May 18, 2006

Satellite Standard Group makes every effort to keep you informed about the happenings in satellite radio. Yesterday Morgan Stanley issued a report on the satellite radio sector and the NPD data.

Excepts from the report:

"As expected in a seasonally slow retail month, YoY retail growth slowed to 10% YoY in April according to NPD. This compared to a 25% growth rate in March for the category. We expect the retail YoY growth levels to improve in May and more significantly in June as both companies increase marketing spends and bring new products to market. The 54% market share for SIRI during the month was better than most expected, and we believe speaks to consumer perception of their programming lineup."

As a sector, satellite radio is still seeing strong growth at retail, with Sirius being the bigger benefactor on a year over year basis thus far. Sirius Satellite Radio saw a bigger YOY growth than rival XM. Sirius increased over April 2005 by over 50% while rival XM saw a decline. Traditionally April is among the weaker months for satellite radio, and this year looks to be no different.

SSG readers can learn more about Morgan Stanley by clicking HERE

5/18/2006 12:20:00 PM

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XMSR Outlook

May 18, 2006

the popular service known on TheFlyontheWall.com has released an outlook on XM Satellite radio.

XM Satellite Radio-XMSR facing several regulatory issues-OP@BEST The firm does not believe the business model has broken down and while the market might be looking for sustained execution, it is the firm's opinion that the current valuation levels are a compelling buying opportunity. Target price $36. :theflyonthewall.com

Readers can visit www.flyonthewall.com to learn more about the service

5/18/2006 11:07:00 AM

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A Look At Bridge Ratings

May 18, 2006

Bridge Ratings does an analysis on the satellite radio sector that many people invested in the sector sometimes refer to.

Certain aspects of their analysis are vary valuable, and show trending and brand awareness quite nicely, but other aspects of their data have not been received as very accurate by some. In particular, their subscriber projections (which exclude OEM, as does NPD) seem raise a lot of eyebrows on message boards and from investors in the satellite radio sector.

Bridge Ratings, according to their site, conducts their surveys in San Diego, Phoenix, Boston, Detroit, and New York, and this sampling may be the root of some of the issues regarding subscribers projections. In the past they have stated that they survey big box stores such as Best Buy and Circuit City.

Bridge Ratings have been consistently different than NPD. By contrast, NPD surveys retailers based on actual sales on a nation wide basis, and not a general survey such that Bridge Ratings conducts in selected markets.

The spread between Bridge and NPD can be substantial. In April NPD reported that the retail split was 54% Sirius and 46% XM, and this was based on nation wide actual retail sales. Bridge Ratings has April at 45% Sirius and 55% XM based on selected markets and some extrapolation.

The problem that I see with the Bridge Ratings subscriber projections (and this is my opinion) is that they seem to not only misjudge the retail market share, but also seem to have very high subscriber projection numbers that will create expectations that simply are not realistic.

Last year April was the 10th best retail month for satellite radio according to NPD. May was the 6th best month. How can it be that Bridge Ratings is projecting 809,059 retail subscribers SO FAR in quarter 2? The number is extremely HIGH, and June last year was the 3rd best satellite radio sales month according to NPD. The Bridge ratings retail projections are rivaling, and will likely exceed (if they continue their current extrapolation method), fourth quarter 2005 numbers! I am sorry to say, but this simply is not the case. The second quarter will be very healthy for satellite radio, but it appears that Bridge Ratings has Sirius and XM on steroids at this point.

Satellite Standard Group is not saying that Bridge ratings is wrong, but given historical subscriber levels, and reasonable projected levels for this year, we find that the current Q2 projections from Bridge Ratings are overstated. This is only our opinion, readers need to come to their own conclusion. Perhaps some additional clarity on what stores were surveyed, and what assumptions were made can shed light on this subject.

SSG readers can see the current Bridge Ratings Data HERE
Readers can access the General Bridge ratings site HERE
Readers that want to ask questions about the data can email info@bridgeratings.com

5/18/2006 10:07:00 AM

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Heard On Sirius - May 18, 2006

May 18, 2006

Satellite Standard Group is pleased to bring you the latest in our "Heard On Sirius" series.

This morning on the Howard Stern Show Howard expressed some true feelings about Sirius Satellite Radio CEO Mel Karmazin allegedly giving his table at a New York eatery to CBS Radio's Les Moonves and his wife Julie Chen.

The Story is that upon completion of his meal that Mel gave his table to the man who currently has a lawsuit against Stern that also names Sirius.

Stern stated that he would never give his table to Moonves, and expressed his feelings by stating, "If Les Moonves and Hitler were waiting for a table, I would give the table to Hitler."

Seems that Howard is still a bit peeved at Les.

5/18/2006 08:43:00 AM

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XMSR vs RIAA: The CEA Press Release

May 18, 2006

(This Controversy Sure is Generating lots of Press for Satellite Radio!)

Here is the full CEA Press Release mentoned in yesterday's post "XMSR vs RIAA: What the CEA has to say about it"

''Enough is Enough!'' CEA Decries Record Industry Lawsuit Against XM Radio; Record Labels Turn to Courts Once Again to Stifle Innovation, Eliminate Private Home Recording Rights

ARLINGTON, Va.--(BUSINESS WIRE)--May 17, 2006--

The following statement was issued today by Consumer Electronics Association (CEA(R)) Vice President of Government Affairs Michael Petricone regarding the lawsuit filed yesterday against XM Satellite Radio Holdings Inc. by a group of record labels:

"Here they go again. The record industry is returning to the courts in their non-stop efforts to stop new technology, neuter existing products, frustrate consumers and make illegal long-standing consumer home recording activities. Their new target is XM Satellite Radio, one of America's top technology success stories of the new millennium. XM's only offense is providing legal and exciting programming options to millions of Americans, while opening new revenue and promotional opportunities for the recording industry.

"The lawsuit announced yesterday is a brazen effort by the labels to strong-arm more money from a successful technology industry startup. XM Radio already is the largest single payer of digital music broadcast royalties. More, the record labels receive royalties on every XM recording device sold as provided by Congress under the Audio Home Recording Act (AHRA).
"Through this lawsuit, the record industry is trying to block private, noncommercial recording off the radio--an activity which Americans have enjoyed for decades, has always been considered legal, and in this case has been expressly recognized by Congress, in the AHRA, as protected from lawsuit.

"The record companies cut a deal, embodied in legislation, which said digital audio recording devices are legal if they do not allow copies of copies. And, throughout their pursuit of the Grokster case, the labels insisted that they had no intention of threatening the sort of in-home, private, noncommercial recording enabled by the devices under question in this suit.
"The products at issue in this lawsuit do not allow redistribution over the Internet or to any other product. They simply allow consumers to time-shift music they are lawfully receiving through subscription fees - fees that support the royalty payments to the labels. No matter how hard the record labels try to stretch the truth, XM has zero resemblance to the old Napster or other peer-to-peer file sharing services.

"The recording industry seems to have developed amnesia about the AHRA into which we and they had substantial input. Under this law, there is no doubt that the satellite recorders at issue in this lawsuit are legal. Specifically, the AHRA says: 'No action may be brought under this title alleging infringement of copyright based on the manufacture, importation, or distribution of a digital audio recording device, a digital audio recording medium, an analog recording device, or an analog recording medium, or based on the noncommercial use by a consumer of such a device or medium for making digital musical recordings or analog musical recordings.'

"The lawsuit is yet another ambush in the labels' ongoing war on innovators and consumers. In addition to this lawsuit, the industry is pushing the PERFORM Act in Congress. This legislation would raise royalties and impose new technology mandates on satellite radio. We urge Congress to refrain from acting on this and any related legislation pending an outcome of this lawsuit in the Courts.

"It is time to say 'enough is enough.' It is time to put an end to ill-founded lawsuits and over-reaching legislation that effectively impose an 'innovation tax' on consumers and technology developers. These ongoing efforts discourage innovation and jeopardize America's global technology leadership.

"If only the music industry spent as much time adopting new business models as they do filing lawsuits and aggressively lobbying for anti-consumer, anti-technology changes in the law, they might find they can actually expand their market.

"This lawsuit undermines our efforts to work with the recording industry to seek inter-industry cooperation on digital technology issues. On behalf of American consumers and technology innovators, we look forward to standing with XM as it defends this lawsuit. The consumer technology industry will continue to take a strong stand against persistent, punitive, obnoxious and over-reaching efforts by the record labels to control innovation and limit reasonable consumer activities."

About CEA:
The Consumer Electronics Association (CEA) is the preeminent trade association promoting growth in the consumer technology industry through technology policy, events, research, promotion and the fostering of business and strategic relationships. CEA represents more than 2,100 corporate members involved in the design, development, manufacturing, distribution and integration of audio, video, mobile electronics, wireless and landline communications, information technology, home networking, multimedia and accessory products, as well as related services that are sold through consumer channels. Combined, CEA's members account for more than $125 billion in annual sales. CEA's resources are available online at http://www.ce.org/, the definitive source for information about the consumer electronics industry.
CEA also sponsors and manages the International CES - Defining Tomorrow's Technology. All profits from CES are reinvested into industry services, including technical training and education, industry promotion, engineering standards development, market research and legislative advocacy. UPCOMING EVENTS
-- The 10th Annual Consumer Electronics CEO Summit
June 21-24, 2006, Southampton, Bermuda
-- 2006 SINOCES
July 7-10, 2006, Qingdao, China
-- 2006 CEA Summer Technology and Standards Forum
July 24-28, 2006, Coronado, CA
-- CEA Industry Forum
October 16-18, 2006, San Francisco, CA
-- 2007 International CES
January 8-11, 2007, Las Vegas, NV
Contacts
Consumer Electronics Association (CEA)Jeff Joseph, 703-907-7664 jjoseph@ce.org http://www.ce.org/orMegan Pollock, 703-907-7668mpollock@ce.org

5/18/2006 06:26:00 AM

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Sirius Promo with Fox11 Los Angeles

May 17, 2006

Fox11 in Los Angeles is promoting a contest which will gift someone with a 1 year Sirius subscription and receiver. People have to watch Geraldo at Large on Fox11 for more information and a chance to win, then visit their website at www.fox11.com.

This promotion is also discussed: HERE

5/17/2006 08:33:00 PM

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Stern Suit Update - May 17, 2006

May 17, 2006

Satellite Standard Group has committed to keeping reader informed about the CBS Radio vs. Howard Stern lawsuit, and we are doing just that.

According to Reuters, the hearing, scheduled for today, was postponed. The justification for this was the possibility that the parties are working toward settlement.

The hearing is now postponed until May 24th, according to a clerk for the court.

More via: Reuters

5/17/2006 05:45:00 PM

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XMSR vs RIAA: What the CEA has to say about it

May 17, 2006

Consumer Electronics Association Executives Available to Comment on Record Industry Lawsuit Against XM Radio

Last Update: 1:43 PM ET May 17, 2006
ARLINGTON, Va., May 17, 2006 (BUSINESS WIRE) -- Consumer Electronics Association (CEA):

WHAT: Executives from the Consumer Electronics Association (CEA(R))
are available to comment on the recording industry's lawsuit
filed yesterday against XM Satellite Radio Holdings Inc. The
lawsuit seeks to restrict new and existing technologies and
eliminate long-standing consumer home recording activities.
Concurrently, the recording industry is seeking similar
limitations through the PERFORM Act in Congress. This
legislation would raise royalties and impose new technology
mandates on satellite radio.

WHEN: Wednesday, May 17, 2006

WHO: Available from the Consumer Electronics Association (CEA) for
comment:
-- Gary Shapiro, president and CEO
-- Michael Petricone, vice president of government affairs

For additional information or to schedule an interview, please
contact:
Jeff Joseph Megan Pollock
tel: (703) 907-7664 tel: (703) 907-7668
e-mail: jjoseph@ce.org e-mail: mpollock@ce.org
http://www.ce.org/

5/17/2006 03:27:00 PM

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Sirius to Speak at Oppenheimer Mobile Entertainment Conference Tomorrow

May 17, 2006

SIRIUS Satellite Radio to Speak at the Oppenheimer Mobile Entertainment Conference
Last Update: 3:12 PM ET May 17, 2006
NEW YORK, May 17, 2006 /PRNewswire-FirstCall via COMTEX/

SIRIUS Satellite Radio (SIRI ) today announced that David Frear, its Executive Vice President and Chief Financial Officer, is expected to participate in a question and answer session at the Oppenheimer Mobile Entertainment Conference in New York on Thursday, May 18, 2006, at 8:55 am ET.

A live audio webcast of the presentation will be available via the Investor Relations section of the company's website sirius.com on Thursday, May 18, 2006, at 8:55 am ET.

5/17/2006 03:20:00 PM

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Martha Stewart - Worth Her Pay As Her Brand expands

May 17, 2006

Martha Stewart has her own Channel on Sirius Satellite Radio. She also has her hands into many other businesses as well. Money Central Columnist Michael Brush took a deeper look into Martha, and her brands in an article publised today.

The piece is lengthy, but outlines WHY Martha Stewart is worth every penny. For investors in Sirius Satellite Radio this is of particular interest because she is exclusive to Sirius, and with her "star" rising, her channel could command bigger advertising dollars.


Article excerpt

Martha Stewart is Cooking Again
Michael Brush -


Here’s a pricey corporate icon worth every penny. Martha Stewart Living Omnimedia's advertisers are back, her shows are booming and new deals are rolling out like buns in a bakery.
Martha Stewart, it turns out, is worth it. Yes, her company, Martha Stewart Living Omnimedia (MSO, news, msgs), paid her over $5 million last year, her first year back on the job, including an array of perks suitable for a domestic diva -- perks we will get to in a moment. Yes, she owns a half billion dollars worth of the company's stock, or 29 million shares. But since her poncho-clad stroll from prison in March 2005, Martha Stewart has demonstrated just how valuable she is. Just look at these numbers: FOR THE REST OF THE ARTICLE CLICK HERE.

5/17/2006 10:22:00 AM

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A Very Thorough Review of XMSR Inno (Wall Street Journal)

May 17, 2006

THE MOSSBERG SOLUTION
By WALTER S. MOSSBERG AND KATHERINE BOEHRET
Wall Street A Portable PlayerFor Both Satellite Radio, MP3s

Reception Problems Mar A Nicely Designed Device; Built-In Antenna Is Weak
May 17, 2006; Page D5

Great songs, like chocolate-covered strawberries, can be sampled once and adored immediately. This is good news for online digital-music stores, where anyone with an Internet connection and a buck can log on from a computer and download a new favorite tune seconds after hearing it.
Now, XM Satellite Radio Holdings Inc. is making this audio gratification even more instant. Last month, it introduced the first portable combination XM radio/MP3 player, the $400 Pioneer Inno XM2go. Anyone with this device who likes a song playing on XM can simply press a button and record the entire song onto the player. No computer is required, but you do need an XM subscription, which costs $13 a month.

The $399.99 Pioneer Inno XM2go combines portable satellite radio with a digital music player, but watch out for reception problems. These recorded songs can't be transferred to PCs or other players. But they can be bookmarked for purchasing online at Napster's music store the next time the Inno is plugged into a Windows computer. This purchased version of the song can be used on computers and other devices (but not the Apple Computer Inc. iPod).

The new XM device, made by Pioneer Corp.'s Pioneer Electronics (USA) Inc., uses flash memory rather than a hard disk, and can store 50 hours of recorded XM Satellite Radio, plus about 8 hours or 150 digital songs copied from a computer. One half of the player is reserved for XM recordings, while the other half is reserved for MP3 or WMA music files. You can switch between the two modes by pressing a button.

The Inno is at the center of a lawsuit filed yesterday by members of the Recording Industry Association of America, who are challenging the legality of the device's recording feature.
This week, we tested the portable Inno all around town. We liked the device itself, and enjoyed listening to various satellite radio stations on the go. But we were deeply disappointed with its radio reception, which failed in too many places. And we really didn't like working with the Napster software when we synched the player with our PC. It was a hassle.

Our verdict: adding live satellite radio and the ability to record it onto a device is a good idea, and may appeal strongly to satellite radio lovers willing to pay $13 a month to subscribe. But, for people who just like music, the radio and recording features didn't seem like reason enough for us to want to buy the Inno over, say, an iPod -- especially given the downsides we encountered.
We liked the overall feel of the Inno, and it wasn't too tough to get the hang of its buttons and functions. It measures 3.7 inches by 2.2 inches by 0.6 inches -- just slightly smaller, overall, than a full-size iPod and a little bit thicker -- and its 4.5-ounce weight makes it a tad lighter than a 30-gigabyte iPod. A 1.7-inch color screen on the front doesn't take up the entire surface, and compared to an iPod's 2.5-inch color screen, its size was more like the one on the tiny iPod Nano, a 1.5-incher.

The back and front sides of the Inno are decorated in cool gun-metal gray. Shiny black edges give it a modern feel, while its stubby antenna resembles that of a smart phone, but thicker and perfectly cylindrical. This antenna is the device's only means of receiving radio. That's a breakthrough, since satellite radio usually requires a large separate antenna or a car antenna. Unfortunately, we found the Inno's little antenna was too weak.
It's hard to overstate the reception problems that plague the Inno. We lost reception while driving through a short tunnel, walking through a row home and wandering through our office, away from the window. Even in an office with an entire wall of windows, we had to sit right next to the glass to get XM Satellite Radio reception.

Walking around downtown Washington, just a few blocks from the White House and a few miles from XM's headquarters, the Inno constantly dropped the XM signal, even though Washington, by law, has no office buildings taller than about 12 stories. Walking just a few feet into a Starbucks killed the signal altogether. When we sat down on a bench in a small park, the reception got much better, but still wasn't perfect. For a device that's primarily a radio, this is a killer flaw. Of course, you can listen to the Inno's stash of recorded music during these signal dropouts, but, when the failures are as frequent as ours were, this need to keep switching modes turns a supposedly pleasurable experience into a huge annoyance.

Optional headphones with an antenna disguised in the headpiece can be purchased for an additional $40, and these added slightly better reception, but not much.
A well-designed button on the right side of the Inno powers it on or off when pushed downward, and puts the device on hold when pushed up. Volume controls are just below this button, also on the device's side. Three buttons line the bottom edge of the color screen -- Mode, Play/Pause and Display -- and four directional arrows surround an XM select button below these three.
We checked out XM's 20 categories of music, over 170 stations altogether, by pressing the right arrow button. We paused in the Decades category to listen to "Sunshine Superman" by Donovan on the '60s station before skipping to Hits where Daniel Powter's catchy new pop song "Bad Day" was playing on the "Top 20 on 20" station.

To record "Bad Day" onto our Inno, we pressed the XM button, chose Record and Record Song. A red "REC" icon appeared at the top of the screen, and went away when the song ended. In one case, we were listening to a station when a new song that we wanted to record started before we could press the right buttons. Thanks to the magic of satellite radio, recording automatically started at the song's beginning, rather than halfway through. If you'd like, you can schedule times for your Inno to start and stop recording, and these can be set to record on the current day, every day or on a specified date.

When listening to Elton John's "Something About the Way You Look Tonight" on a romantic music station appropriately named "The Heart," we opted to Bookmark the song so that it was set aside in a special category of songs for buying when we connected our Inno to our PC. An option called TuneSelect can be chosen while a song or artist is playing; from then on, a message will flash across your screen whenever that artist or song plays anywhere on XM, so you can tune in.

Before synching our Inno with our computer, we used an included CD to load XM + Napster software onto our Dell PC and typed in a special promotional code given to us by Napster for testing. The Napster software program is confusing, to say the least. Napster offers three types of accounts: Napster Lite, music-store usage with no monthly fee that allows online listening and purchasing of songs à la carte; Napster Membership, a $9.95-a-month program allowing unlimited music downloads onto the PC -- but not for transferring to a player; and Napster To Go, a $14.95 monthly membership that allows unlimited music downloading and transferring to a device.

If that doesn't confuse you, add the fact that because Napster offers music rentals rather than just buying of songs -- like iTunes -- it considers purchased tracks to be different than downloaded tracks. Overall, your purchased tracks or previously owned tracks (in MP3 or WMA file format) can be transferred to the XM2go. Downloaded (not purchased) tracks can't be transferred to the XM2go, but they can be transferred to special, more advanced devices with what's known in techie land as DRM 10 compliance. XM plans to introduce devices with this technology in the future.

The Inno connects to a PC using a standard USB cable, but it must be simultaneously lying in its special sideways dock, which also powers the device. When the Inno is turned sideways in its cradle, its screen automatically rotates, as do its directional arrows. This cradle also has plugs for an additional included antenna and a line out, for using the Inno with a stereo system.
In Napster's software program, our Inno was identified, as were the songs that we had recorded and bookmarked. Songs recorded from XM can't be exported from the player, due to copyright laws. Most of the songs we had bookmarked, including Elton John's tune, had a Download icon next to their track titles.

But instead of seeing a Buy icon next to our bookmarked tunes, we could only purchase songs by right-clicking on tracks and choosing Buy Track since our account type was designed for streaming music rather than buying it. This type of navigational confusion was abundant in the program, and users would easily and understandably be befuddled by what account type they had and what was or wasn't included in it.

We dragged and dropped songs onto our Inno player without a problem, and they showed up in the MP3 section of the player when we started it up again. We even created playlists, right on the Inno, combining music recorded from XM stations and our own MP3s. Switching between the live XM stations and our MP3s and WMAs was easily done with the Mode button. XM estimates that the Inno's battery will last for 15 hours in playback mode and five and a half hours in Live XM Mode.

When it's all said and done, XM's Inno is fun to use on the go, as long as you're not underground or in room without windows. But its spotty reception, confusing software and monthly fee make the Inno a no-go, except for hard-core XM fans.

5/17/2006 10:04:00 AM

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XMSR vs RIAA: An Assessment of Note From the L.A. Times

May 17, 2006

Labels Sue XM Over Its Device
The music groups say the satellite radio firm should pay higher licensing fees because its new Inno gadget allows listeners to record tunes.
By Charles DuhiggTimes Staff Writer

Major record labels sued XM Satellite Radio on Tuesday, alleging that a new device the company sells allowing subscribers to digitally record songs violates music copyrights.The lawsuit, filed in federal court in New York, is the latest salvo in a battle over the size of licensing fees the fledgling satellite radio industry should pay music companies when enabling customers to record.At issue is XM's new Inno radio — a $400 device that receives XM's 170 satellite stations and can record 50 hours of music.XM pays the labels a small "performance rights" fee to broadcast songs.

The record companies contend that because the Inno and related devices allow XM listeners to pick and choose which songs to save — creating playlists of as many as 1,000 tunes — XM is in effect a music distributor. As a result, they argue, XM should pay the higher fees demanded of online music retailers such as Apple Computer Inc.'s iTunes. "XM wants to offer listeners what is essentially a free version of iTunes without paying the music companies for the right to sell their songs," said Mitch Bainwol, chief executive of the Recording Industry Assn. of America. "It's a great deal for XM because it drives subscriptions. But it's fundamentally unfair to songwriters and labels and threatens to puncture the integrity of the digital music marketplace right as it is growing."XM said in a statement that it would fight the suit. It also said the Inno and related devices are legal and "allow consumers to listen to and record radio just as the law has allowed for decades." The company called the lawsuit "a negotiating tactic on the part of the industry to gain an advantage in our private business discussions."

All four of the major record companies — Universal Music Group, Sony BMG Music Entertainment, Warner Music Group and EMI Group — are plaintiffs in Tuesday's suit, either directly or through subsidiary labels. The companies seek $150,000 in damages for every song copied by XM customers.XM competitor Sirius Satellite Radio Inc. has agreed to pay a special fee per device sold to record companies.Similar talks between XM and music labels broke down. Congress is debating legislation that would force companies to pay higher licensing fees.XM's more than 6.5 million subscribers pay $12.95 a month to hear the company's broadcasts. XM has sold several thousand Inno devices since it was released last month.Executives close to XM, who requested anonymity because of the issue's sensitivity, said the company had offered to pay the record labels about $18 per device sold for the right to allow users to record individual songs, reportedly a better deal than the labels received from Sirius.Those sources said the labels refused the offer because they wanted to help decide the functions XM's devices offer, including scaling back on recording.But record company executives, who also requested anonymity, disputed that account. They portrayed Tuesday's lawsuit as an attempt to pressure XM into abandoning its stance that the current licenses are within the law. Those sources also said the industry was supportive of satellite radio devices that offered full recording capacities, but wanted appropriate licensing.Both sides expect the issue to be resolved before it is litigated because neither party wants to be stuck with a precedent-setting court decision if it goes against them.In the meantime, XM continues to sell the Inno."When I was the head of the RIAA, I knew that trying to regulate technology is not a good strategy," said Hilary Rosen, who now is a consultant to XM. "In the end it was always better to get as much money as you could upfront."

here is the link: http://www.latimes.com/business/la-fi-xm17may17,1,5072598.story?coll=la-mininav-business

5/17/2006 09:49:00 AM

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The Positive Aspect of the Record Industry Suit

May 17, 2006

Lets face it, there is rarely a positive aspect involved with law suits. The short term effect of the record industry suit is already being felt in pre-market trading. Rational investors need to look a bit deeper however and determine if the drop in PPS is warranted.

In reality, the record industry is trying to get XM Satellite Radio to the negotiating table, and likely, the two sides are in discussions, and some sort of reasonable arrangement will be worked out.

In the meantime, the buzz that surrounds devices such as the Inno, and the S50 will increase. Consumers will begin to understand that there is a reason that the record industry has taken some exception to such devices, and will begin to figure out why.

Simply stated, these devices are VERY consumer friendly.

Looking at it simply shows what all of the fuss is about.

Napster or Urge for example charges $9.95 per month for unlimited downloads. Seems like a pretty good deal, but when compared to Satellite Radio, is it really worth it? With satellite radio, and devices such as the S50 or the INNO, you pay $12.95 per month and guess what.....You virtually get unlimited downloads, dozens of radio stations, news, traffic, weather, talk shows, sports, and many other things without having to sit at your computer downloading. At the press of a button you have stored the content you want, all for what amounts to $3.00 per month more than Napster or Urge.

The capabilities of these devices from Sirius and XM are what can drive them to becoming big sellers. Realization by consumers that they can, FOR THE FIRST TIME, instantly save a digital copy of a song can be very powerful for the satellite radio companies. This is what will make these devices a "HOT" commodity. This is what will make people want to participate in satellite radio, where before they may have been satisfied with their I-Pod or MP3 player and FM radio.

We are not saying that these new devices from Sirius and XM will put the Napsters and I-Tunes of the world out of business, but satellite radio can put a substantial dent in the market. Especially if satellite radio gets into the video download business as well.

So, while the immediate impact of the law suit is frustrating, the potential buzz that surrounds it has a very real potential to bring a groundswell of subscribers to Sirius and XM. Stay tuned

5/17/2006 09:27:00 AM

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Institutions Are Getting Sirius

May 16, 2006

Satellite Standard Group monitors several aspects of the satellite radio sector. Institutional ownership in an equity is an important aspect of the stock market. Institutions move large amounts of shares, and knowing the status of institutional ownership is beneficial for individual investors.

As of March 31, 2006, some interesting things happened with institutional ownership in Sirius Satellite Radio.

• There are now 347 Institutional Holders in Sirius
• Institutions hold 429,196,118 shares
• 44 new positions were established in Q1 accounting for 18,190,376 shares
• 125 institutions added to their position accounting for 119,918,020 shares
• 164 institutions decreased their positions accounting for 83,643,843 shares
• 289 institutions had activity in Q1 accounting for 203,561,863 shares
• 64 institutions sold out of their position accounting for 34,729,234 shares

Some of the names that added to their position in Sirius are as follows:

• Wellington added 38,033,835 shares for an increase of 275.43% to their holdings. Wellington now holds 51,842,635 shares.
• Oppenheimer added 38,299,240 shares for an increase of 707.64% to their holdings. Oppenheimer now holds 43,711,503 shares
• Vanguard added 3,677,471 shares for an increase of 16.54% to their holdings. Vanguard now holds 25,908,465 shares.
• Morgan Stanley added 3,420,188 shares for an increase of 59.95% to their holdings. Morgan Stanley now holds 9,125,081 shares.

Institutional ownership in Sirius increased in Q1, and interest during Q2 is out there. Sirius has had many meetings with institutions, and spoken at various conferences. Investors in Sirius should be watching institutional interest closely.

5/16/2006 10:45:00 PM

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What The Record Industry Suit Means to XM and Sirius

May 16, 2006

Satellite Standard Group is offering our opinion on what this latest suit means to XM and Sirius. We are not attorneys, but have followed the satellite radio sector for quite some time.

XM Satellite Radio made a decision to go forward with the sale of the Pioneer Inno, the Samsung Nexus, and the Samsung Nexus line without having reached agreement with the record industry. About 6 months ago, Sirius satellite radio made a similar decision. The difference here lies with the fact that Sirius actively sought to, and ultimately did come to agreeable terms with the record companies over the devices, and thus Sirius is not facing a law suit in the manner that XM is.

XM satellite radio has stated quite clearly that they will defend the issue on behalf of consumers. One major question though is where this leaves shareholders of XMSR. SSG will break our opinions down by category.

CONSUMERS

Consumers of XM Satellite Radio (subscribers) can feel very good knowing that they have a product that has very good recording capabilities. Devices such as these XM units, as well as the Sirius S50 make "downloading" (saving songs) very easy, and an instantaneous decision. Songs can be saved to these devices free of any additional charges to consumers.

Subscribers to both Sirius as well as XM will benefit by XM taking the stance that they are taking. Consumers can still buy the devices, and can be saving songs at will while the parties to the litigation slug away in court, or at the negotiating table.

XM SHAREHOLDERS

Unfortunately for shareholders, this could be yet another cloud that hangs over XM Satellite Radio. As an investor, I find this issue very frustrating. XM is likely very correct when they state that the record industry is using this suit as a bargaining chip. It is already known that the record industry will negotiate terms. They have already done so for Sirius in the case of the S50.

By taking this course of action, XM is virtually stating that this could be a long and drawn out process involving attorneys and negotiations between the parties. Time and patience is something XM investors are already running out of. Class action suits have already been filed against XM Satellite Radio, and to date 12 law firms have joined in on the action relating to shareholders who bought the equity last year, and the suit alleges were mis-informed about the performance of the company while executives were selling off their own shares. A second Class Action suit was filed last year alleging that XM misinformed consumers about their music being "Commercial Free". This litigation simply comes at a bad time for XM and shareholders of XMSR.

XM Satellite Radio seems to have decided to "shoulder the load" for the "Free Use" issue. Yes, should they prevail, XM would benefit, but so would Sirius Satellite Radio, and Sirius will not have to lift a finger to benefit from XM's work. Having not yet turned a profit, can XM afford to take on this action? Will shareholders be patient enough to wait to see results? Will institutions be that patient?

There are simply a lot of clouds and questions that already exist without having to add this one to the mix. It was appearing that many issues that had been surrounding XM of late were starting to see a light at the end of the tunnel, and now this law suit gets thrown into the mix.

It would appear that there are already serious questions surrounding XM's management. Board Member Roberts stepped down, and shares have fallen substantially for the past 5 months prompting the Class Action Suit. Can XM's management instill confidence in the investors to ride out this "storm"?

Personally I feel that XM should make a statement regarding what the course of action is and why. Investors are seeking a "comfort zone", and bullet point statements such as "We will defend this vigorously on behalf of consumers" is not enough. Investors need to know WHY XM is taking the stance they have decided to take. Investors need to know WHAT it is exactly that the record companies disagree with. Investors need to be INFORMED.

SIRIUS SHAREHOLDERS

Shareholders of Sirius satellite Radio, while comforted by knowing Sirius has already worked out these issues, can not rest easy. Satellite radio is a sector comprised of two companies, and the trading patterns of these companies remains remarkably similar. Bad news for XM can also hamper the entire sector, and thus Sirius. Is this issue exclusive enough to XM that it can become the wedge that separates the trading similarities between these companies? That is the question many people are asking themselves as they digest this news.

This one suit in and of itself is not likely to do the trick, but there is a potential that this suit in combination with the other events may contribute to Sirius gaining its own momentum. Consider the institutional holdings in Sirius as compared to XM. Institutional ownership in Sirius was at about 30% at the end of Q1. Compare that to over 90% for XM. If institutions were to consider "switching horses" at this point, things could become very interesting for the Sirius equity. There was some substantial institutional interest in Sirius in Q1 (SSG will be writing that story next). Could an event such as this bring more interest? Only time will tell.

One thing is certain at this point. The satellite radio sector has not been "hot" of late. SSG has stated that we feel this sector is transitioning from subscriber numbers and hype as a catalyst to CFBE metrics. Should Sirius be able to demonstrate that they can hit CFBE in Q4 of 2006, and should institutions and investors be convinced that this is the case, we could see good activity with the Sirius equity.

On May 23, Sirius is conducting their Annual Meeting. This forum presents an opportunity for Sirius to present their case to investors. It also offers a forum for Sirius to formerly outline what they see happening with their own "live wearable" device slated to hit shelves this summer. In the opinion of SSG, Sirius should address their own live wearable device as quickly as possible. Investors in Sirius need the confidence to know that the law suit XM satellite radio is facing is unique to XM.

5/16/2006 09:39:00 PM

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Record Companies Sue XM Over Device

May 16, 2006

Today a lawsuit against XM was announced by record companies. At issue is the new XM devices such as the Pioneer Inno, Samsung Helix, and Samsung Nexus devices. the issue at hand revolves around the music industry wanting addition fees for these devices, and the "Fair Use" law. The labels are seeking $150,000 per song that has been dowladed on the devices. XM states that they will defend the suit vigorously for consumers. SSG will be doing follow-up pieces this evening, so keep checking back. Below is the story via Reuters.


Record labels sue XM over portable device
Tue May 16, 2006 8:54 PM ET


By Sue Zeidler

LOS ANGELES (Reuters) - The recording industry on Tuesday sued XM Satellite Radio Holdings Inc. (XMSR.O: Quote, Profile, Research), alleging its Inno device that can store music infringes on copyrights and transforms a passive radio experience into the equivalent of a digital download service like iTunes.

A spokesman for the Recording Industry Association of America, comprising major labels such as Vivendi Universal's Universal Music Group (EAUG.PA: Quote, Profile, Research), Warner Music Group Corp. (WMG.N: Quote, Profile, Research), EMI Group Plc (EMI.L: Quote, Profile, Research) and Sony BMG, said the suit was filed on Tuesday in New York federal court.
The suit accuses XM Satellite of "massive wholesale infringement," and seeks $150,000 in damages for every song copied by XM customers using the devices, which went on sale earlier this month. XM, with more than 6.5 million subscribers, said it plays 160,000 different songs every month.

"...Because XM makes available vast catalogues of music in every genre, XM subscribers will have little need ever again to buy legitimate copies of plaintiffs' sound recordings," the lawsuit says referring to the hand held "Inno" device.

The suit says that XM has touted its service's advantages over the iPod and cites XM's advertising literature that says "It's not a Pod. It's the mothership."
XM said the Inno, which is manufactured by Pioneer Corp. (6773.T: Quote, Profile, Research), are legal devices that allow consumers to listen to and record radio just as the law has allowed for decades.

While the labels are asserting the device has transformed radio broadcasts into a download service, XM said the device does not allow consumers to transfer recorded content. XM also said that content recorded from radio broadcasts like XM's is not on demand, in contrast to the content people buy from online music stores like Apple Computer Inc.'s (AAPL.O: Quote, Profile, Research) popular iTunes service.

XM said it will vigorously defend this lawsuit on behalf of consumers and also called the lawsuit a bargaining tactic.

The company's shares, which rose 4 percent to close at $17.63 on Nasdaq, were down 1.3 percent at $17.40 in after hours trading.

The labels are currently in talks with XM and its rival Sirius Satellite Radio (SIRI.O: Quote, Profile, Research), to renegotiate digital royalty contracts for broadcasts.

XM and the labels had also been in talks about the licensing of content for the digital portable player, but failed to reach agreement, according to sources familiar with the matter. The labels had pressed for licenses similar to those required for services like iTunes, the sources said.
Sirius earlier this spring came to an agreement with music labels over the ability to save songs to its S50 portable satellite receivers that double as MP3 players.

"XM Radio is the largest single payer of digital music broadcast royalties, and royalties paid by XM go to the music industry and benefit artists directly," the satellite radio company said.
"The music labels are trying to stifle innovation, limit consumer choice and roll back consumers' rights to record content for their personal use," XM added.

"It's a question of economic impact. Will these devices substitute for the purchase of a record? Everything is changing and the industry is petrified," said Jay Cooper, an entertainment lawyer.

5/16/2006 09:25:00 PM

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Bubba the Love Sponge Reunites with Old Producer on Sirius

May 16, 2006
From FMQB.com

Bubba Reunites With Old Producer


Bubba The Love Sponge's former sidekick Spice Boy (aka Matt Lloyd) is back on-board as a member of his team on Sirius' Howard 101 channel. Spice Boy will serve as an Associate Producer, and completes the entire lineup of Bubba's show, alongside Manson, Brent, 25 Cent, Co Co and Ned.

Bubba himself commented, "Spice Boy started with my show as a kid right out of high school, and when we got thrown off terrestrial radio, he took another radio gig to survive. I respect that, but now that he's decided to come home and do radio the way it's supposed to be - uncensored and fun - we are so happy to welcome him back to our little family."

Bubba's show can now be heard north of the border, as Howard 101 was recently added to the lineup of channels available via Sirius Canada.

5/16/2006 04:39:00 PM

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Following Cramers Picks - May 16, 2006

May 16, 2006

Well, Satellite Standard Group is now three trading days into following the May 11, 2006 stock picks of Jim Cramer. To date, investors would have performed better by investing in any of the indexes rather than following Cramers advise. Day three seems to be no different.

The chart (click to enlarge) shows that an investor following Cramers advise on May 11, 2006 would now be down 2.37% so far.

SSG will continue this column through the end of the month

5/16/2006 04:13:00 PM

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Law Firms 11 and 12 Enter XM Class Action Suit

May 16, 2006

Perhaps the story that is bigger than the accusations in the Class Action Suits against XM is the number of law firms that are now involved. Yesterday the 11th firm annonced participation, and today brought law firm number 12.

Firm 11 HERE

Firm 12 HERE

5/16/2006 03:46:00 PM

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Barron's Online Catches the Morgan Stanley Upgrades

May 16, 2006

From Barron's "Online Exclusive"

TUESDAY, MAY 16, 2006 1:31 p.m. EDT
HOT RESEARCH PM

XM Satellite Attuned to Better Cash Flow

XM Satellite Radio Holdings (XMSR: Nasdaq)
By Morgan Stanley ($16.96, May 16, 2006)
WE ARE UPGRADING XM to Overweight [from Equal-weight], leaving our estimates broadly unchanged.

We believe that at current price points, XM is trading on the value of its subscriber base projected for 2010. Profitable subscription growth beyond 2010, we believe, is not reflected in the current share price. We base our $31 price target on a bullish long-term view that the industry can reach 25% penetration of registered vehicles ultimately (i.e., our terminal year) and that terrestrial-based networks will remain inferior for robust entertainment delivery to the car.

XM is down 40% year-to-date, and we believe that despite the risk it misses its Ebitda (earnings before interest, taxes, depreciation and amortization) loss guidance in 2006, the potential upside warrants an Overweight rating.

We continue to believe that the satellite radio platform (including optionality from video, telematics, etc.) and the duopoly structure [with Sirius Satellite Radio, also rated Overweight] of the industry should lead to superior long-term growth and returns. We estimate churn would have to grow to 4.5% monthly for cumulative subscriber cash flows to fall below CPGA (cost per gross addition).

We believe that the industry will move from heavily free-cash-flow negative to free-cash-flow positive in 2008 for XM. As these milestones approach, we believe the market's concerns regarding viability of the platform and marginal subscriber economics will abate.

Both companies are well capitalized and fully funded to [reach] free-cash-flow positive. Investors may be waiting for a record-label resolution: The compulsory license with the record labels expires at the end of 2006, and the uncertainty around programming costs may be limiting investor interest in both XM and Sirius. We continue to expect minimal cost increases on a percentage of revenue basis from a new contract.

While we continue to prefer Sirius, we acknowledge that the stocks will or will not work together and that Sirius is capped to some extent if XM continues to underperform.
-- Benjamin Swinburne, CF

5/16/2006 02:32:00 PM

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Ford Getting Even More Sirius

May 16, 2006

It looks as if Ford is giving an indication that Sirius penetration may well exceed analysts projections.

Via Forbes.com - Mary Cane

Morgan Stanley analyst Benjamin Swinburne maintained an "overweight" rating and price target of $8 on shares of Sirius Satellite Radio, citing the contribution Ford Motor has made to Sirius' bottom line.

Now that Sirius (nasdaq: SIRI - news - people ) is available as a standard factory installation in Ford (nyse: F - news - people ) vehicles, Swinburne said subscriber additions could reach 9.54 million, versus his previous estimate of 9.14 million.

Morgan Stanley increased its estimate for Sirius penetration of total Ford production in 2007 to 28% from 17%, a figure that could increase further in 2008.

"We remain bullish on the long-term model for satellite radio," Swinburne said, forecasting positive free cash flow estimates in 2008, after Sirius reaches 12.3 million subscribers by the end of 2007.

Swinburne added that this forecast could be conservative and that free cash flow estimates could be positive as early as the second half of 2007.

While Sirius has reached parity on marketing efficiency with its major competitor, XM Satellite Radio (nasdaq: XMSR - news - people ), Swinburne said marginal subscriber economics remain attractive for both satellite radio operators and year-over-year operating trends should improve for XM and Sirius in the second half of 2006.

5/16/2006 02:31:00 PM

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UAW Authorizes Delphi Strike If Needed

May 16, 2006

While SSG is of the opinion that the involved parties are merely "jockeying for position", those that follow satellite radio should be aware of this story, and keep close tabs on it. SSG is of the opinion that these parties will likely come to some resolution that will avoid a strike, and if that does not happen that any strike would be short lived.

By David Bailey
CHICAGO (Reuters) -

The United Auto Workers on Tuesday said its U.S. hourly workers overwhelmingly authorized union leaders to call a strike should bankrupt auto parts maker Delphi Corp. toss out its labor contracts.

The union, which represents about 24,000 Delphi blue-collar workers at 21 U.S. facilities, said the approval came by more than 95 percent of votes cast. Delphi has more than 33,000 U.S. hourly workers overall.

A strike could quickly halt North American production at the Troy, Michigan-based parts maker, former parent General Motors Corp. and other auto and truck manufacturers, though such a move would probably be at least several weeks away.

The widely expected result continues the chess match between Delphi and its unions over the company's proposal to slash wages and benefits of U.S. hourly workers and reduce its U.S. operations significantly to emerge from bankruptcy.

"The strike authorization vote does nothing to change our focus, which has been and continues to be reaching a consensual agreement," Delphi spokesman Lindsey Williams said.
Delphi in late March filed court papers to void its union contracts after failing to obtain concessions from its unions. A hearing on the request began last week and is set to continue later in May in U.S. Bankruptcy Court in New York.

Judge Robert Drain has encouraged Delphi and the unions to pursue an out-of-court settlement; and in other bankruptcy cases, judges have put off ruling on requests to void labor contracts for extended periods while the sides negotiate.

"(The vote) sends a reminder that this remains an overhang for the industry, but in reality, it doesn't change the dynamics of the negotiations very much," Morningstar analyst John Novak said.

GM Chairman and Chief Executive Rick Wagoner recently called resolving the dispute between Delphi and the unions an urgent priority, and analysts quoted GM's Chief Financial Officer Fritz Henderson as saying he expected a deal with Delphi and the UAW within 60 days.
Delphi, which filed for bankruptcy in the U.S. last October, plans to close 21 of 29 U.S. union plants. It also expects to cut thousands of salaried workers and up to 40 percent of corporate officers from its work force and close two dozen international plants.

"The UAW didn't have much of a choice; they had to show unity," Novak said. "There is still time for (a settlement) and it will take a few more weeks to see how this evolves."
Members of the other union that represents a large number of Delphi's U.S. hourly workers -- the International Union of Electrical Workers-Communications Workers of America with 8,500 already have approved strikes if necessary.

Delphi has asked GM, which remains obligated to provide Delphi some benefits under its UAW agreements, to help fund the reorganization for the parts unit it spun off in 1999.
So far, GM, still Delphi's largest customer, has agreed to put up money for a plan to make up to 13,000 Delphi UAW workers retirement-eligible and to take back up to 5,000 more.

5/16/2006 02:15:00 PM

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Stern Suit Update - May 16, 2006

May 16, 2006

Satellite Standard Group has committed to keeping reader informed about the CBS Radio vs. Howard Stern Law Suit, and we are doing just that.

On May 10, 2006 the attorney's representing each side met with Judge Gammerman, and after that meeting announced that the suit was close to being settled outside the court room. Attorney's told Judge Gammerman that they would be contacting him this week regarding the issues.

Well, Satellite Standard group has learned that a meeting with Judge Gammerman has been scheduled for May 17, 2006 at 4:00 PM EST.

Those that follow Sirius may want to keep their ears open for possible announcements after the meeting. SSG is not stating that the suit has come to a conclusion. We are only trying to keep our readers informed.

5/16/2006 11:13:00 AM

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ROSIE ON SIRIUS?

May 16, 2006

Howard dines with Rosie...IS HE TRYING TO LURE HER?

Rosie has been out of the limelight recently, but is now returning to television by becoming one of the hosts of "The View". Is it possible that Rosie is considerring a radio show? She is very popular, and her outgoing personality would be a welcomed addition to the Sirius line-up.


From NY POST http://www.nypost.com/gossip/pagesix/63829.htm

LOVE FOR ROSIE

By RICHARD JOHNSON with PAULA FROELICH and CHRIS WILSON

May 16, 2006 -- NO, that wasn't an optical illusion at Nobu over the weekend - it was Howard Stern and the longtime butt of his wrath, Rosie O'Donnell, dining together. "I think she's great and I like her honesty now," the shock jock cooed on his Sirius radio show. Rosie was also smitten, so much so that she even offered to pick up the tab. Now if the King of All Media can only make nice with Kathie Lee Gifford.

5/16/2006 11:07:00 AM

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Will Whoopie On Radio Work?

May 16, 2006

Now Now......get your mind out of the gutter. T his isn't about "whoopie" like we are familiar with from the game show classic "Newlywed Game".....this is about Whoppie Goldberg and her decision to become a broadcaster for Clear Channel. Although, the FC would require her to say "whoppie" rather than.....well, you get the idea.

NEW YORK (AdAge.com) -- In an interview with Ad Age reporter Abbey Klaassen, actress and comedian Whoopi Goldberg talks about her decision to sign on as a Clear Channel radio host. The effort comes as the terrestrial radio giant faces escalating celebrity-driven competition from Sirius and XM satellite radio.

Readers can here the Whoppie Goldberg interview HERE via AdAge.

5/16/2006 10:48:00 AM

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Urge Is About To Launch

May 16, 2006

Satellite Standard Group likes to keep you informed about many things that may be related to the satellite radio world in some way.

On May 17, 2006 URGE will launch. What is URGE?

MTV and Microsoft will enter the online music download universe on Wednesday with the launch of Urge. The beta version of the software will be available to the public for download athttp://www.urge.com/ beginning May 17 at 12:01am ET.

As the newest music download service, Urge will be in direct competition with Apple's iTunes, RealNetworks' Rhapsody, Napster and Snocap, among others. Microsoft spokesperson Heather Bott tells R&R that Urge will be integrated into Microsoft's Windows Media Player 11, which users of Microsoft Windows will receive in a few weeks as an upgrade. Prior to that, the player upgrade will be available for download on Microsoft websites.

At launch, Urge will have more than 2 million tracks available, which can be purchased individually at 99 cents or as full albums starting at around $9.95. Urge will also offer subscription plans for unlimited downloads available at a monthly rate of $9.95. Subscribers will have the ability to transfer songs and videos to compatible portable music players. Urge will not be compatible with Apple's Macintosh computers or its market-leading iPod digital music player.

As SSG readers may be aware, there already exists a relationship between Sirius and Microsoft. Microsoft is providing the platform for the video services that Sirius intends to roll out in the near future. There has also been speculation about Sirius having dealings with MTV.

Could Urge be a download partner for Sirius' upcoming wearable? Stay tuned.

Readers can visit the Urge website HERE

5/16/2006 10:21:00 AM

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Sirius is Getting the Word Out

May 16, 2006

Check out the Sirius TV Commercial: 'Sunroof' (posted on the Orbitcast site):

SIRIUS Satellite Radio has been running a new TV commercial, entitled 'Sunroof,' and now it's online. You can view the landing page here or check out the first video links:
Windows Media Player: [Watch Commercial]QuickTime: [Watch Commercial]


here is the link: http://www.orbitcast.com/archives/sirius-tv-commercial-sunroof.html

5/16/2006 10:13:00 AM

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Audiovox Halts Shipments of XM Receiver

May 16, 2006

This issue is gaining attention, and has potential to open up deeper looks into SDARS receivers and compliance.

NEW YORK, May 16 (Reuters) -

Audiovox Corp. (VOXX.O: Quote, Profile, Research) on Tuesday said it was suspending shipments of its Xpress Model XMCK10 XM satellite radio receiver after the U.S. Federal Communications Commission said the unit did not comply with either operating bandwidth or related emission specifications.

The wireless communications equipment company said it was conducting an internal review and that shipments would be suspended until it is determined that it operates within FCC specifications.

You can view the story HERE

SSG would like to thank T.W. for forwarding this to us

5/16/2006 09:59:00 AM

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Directed Electronics Live Wearable for Sirius to be Released this Summer

May 16, 2006

Mentioned on the Directed Electronics Conference call yesterday, Orbitcast posted this commentary: http://www.orbitcast.com/archives/sirius-live-wearable-to-be-by-directed-electronics.html

Although this is the first manufacturer confirmation we have heard, there is still speculation swirling regarding wearable units in partnership with Sony, Toshiba, and Archos. Perhaps Sirius will go the way of XMSR and release units with multiple manufacturers (ie, Pioneer Inno, Samsung Helix)

5/16/2006 09:49:00 AM

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Following Cramer's Picks - Through May 15

May 16, 2006

Satellite Standard Group is following the May 11, 2006 stock picks of Jim Cramer. Cramer has a large following, and many feel that he is very good at what he does. Cramer is knowledgable, but do his picks stack up with all of the hype that surrounds his show?

To date, investors would have been better off investing in any one of the indexes rather than following the advise of Cramer on May 11th.

The chart to the right outlines the information, and shows the performance of Cramer, as well as the major indexes (click on chart to enlarge). SSG will follow this story through the end of the month.

5/16/2006 09:26:00 AM

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Sprint to Launch Sirius Ready Treo!

May 16, 2006

The Sirius Fan Network caught this nifty device from Sprint.

Sprint To Launch Sirius Ready Treo 700p

Sprint has announced plans to be the first carrier to offer the Sprint Power Vision Smart Device Treo 700p by Palm - the latest PDA/Phone combo to deliver broadband-like download speeds (EvDO data access) of Sprint Mobile Broadband Services operating on the Sprint Power Vision Network.For Sirius fans, the Treo 700p will come with the capability to receive Sirius radio services with the purchase of a Sprint Power Vision plan, which start at $15 a month, for unlimited Web and data access, plus limited TV and Sirius radio service.

For full story click HERE

5/16/2006 09:24:00 AM

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Morgan Stanley Upgrades XMSR, Still Prefers SIRI

May 16, 2006

XM Satellite upgraded to overweight at Morgan Stanley

LONDON (MarketWatch) --
XM Satellite Radio Holdings (XMSR : xm satellite radio hldgs inc)

7:33am 05/16/2006 - SSG brings you the news as it breaks.

XMSR16.96, -0.13, -0.8%) was upgraded to overweight from equal-weight at Morgan Stanley, with the broker saying its potential upside warrants the better rating. "We believe that at current price points, XM is trading on the value of its subscription base projected for 2010. Profitable subscription growth beyond 2010, we believe, is not reflected in the current share price," the broker maintained, holding onto a $31 price target. It added that it still prefers Sirius Satellite Radio (SIRI : sirius satellite radio inc com)

5/16/2006 07:52:00 AM

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PC Magazine Reviews XMSR Inno

May 15, 2006

The guys over at Orbitcast posted information on the Pioneer Inno, XM's new live wearable, as reviewed by PC Magazine.

For the full story take a look at the Orbitcast site. Here is the link: http://www.orbitcast.com/archives/pc-magazine-pioneer-inno-xm2go-video-review.html

Of note in the review: "...shockingly well integrated, even something Apple (iPod) might be jealous about."

5/15/2006 05:40:00 PM

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Directed Electronics Earnings: Better than Expected, and Raises 2006 Outlook

May 15, 2006

Directed Electronics Reports Record First Quarter 2006 Results; Raises 2006 Earnings Outlook(PR Newswire 05/15 16:05:13)
(Details to follow after conference call)

VISTA, Calif., May 15 /PRNewswire-FirstCall/ --

Directed Electronics, Inc.(Nasdaq: DEIX) today announced record sales and net income results for thequarter ended March 31, 2006. The Company also raised guidance for the fullyear of 2006. First Quarter Results Net sales in the first quarter of 2006 were $74.3 million, an increase of42.7% over the prior year first quarter net sales of $52.1 million. Gross sales of satellite radio products were $36.3 million, an increase of 178.1%over the prior year first quarter. Gross sales of security and entertainment products in the first quarter of 2006 were $39.2 million, compared with$40.5 million in the prior year first quarter.

for more info: www.directed.com

Directed Electronics handles the distribution of several Sirius Satellite Radio models such as the Sportster line, the Starmate line, and the S50.

Congratulations to directed on an outstanding quarter!

5/15/2006 04:23:00 PM

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SIRIUS Mentioned Positively in "The Rational Investor"

May 15, 2006

Building a 'Rational' portfolio
By James Dlugosch, The Rational Investor
Last Update: 3:35 PM ET May 15, 2006

Link to story:

http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B16B653FB%2D4BD1%2D43D4%2DA919%2D32385CDC6879%7D&siteid=mktw&dist=nbk&symb=&print=true&dist=printTop

"Sirius Satellite Radio....
Another growth story with a premium valuation. A bit more risky than GOOG, but I like the model just the same. The monster market potential is there and SIRI has been doing everything it can to prove the model. Recent selling provides an opportunity to buy. "

5/15/2006 03:42:00 PM

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SIRIUS ANNUAL MEETING NOTIFICATION

May 15, 2006

The SIRIUS SATELLITE RADIO annual meeting will take place on Tuesday, May 23, 2006 at the Equitable Center, New York City. If you wish to be notified of this meeting and/or changes, here is the link:

http://investor.sirius.com/calendar-detail.cfm?EventID=26463

5/15/2006 01:33:00 PM

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Directed Electronics Earnings after the Close Today

May 15, 2006

Estimates (Briefing.com) are $0.13 per share.

Directed Electronics manufactures many Sirius hardware units. Check out details at www.directed.com

The earnings conference call will shed light on demand for Sirius products.

5/15/2006 11:34:00 AM

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Satellite is to HD Radio as Cable is to Network TV

May 15, 2006

HD and Satellite Radio seems to be following their visual precedent. Everyone proclaimed the "death" of network TV when commercial free cable came along, but alas, they found a way to co-exist and actually enhance each other's profits!

We are beginning to see this type of collaboration...Crutchfield, and other retailers are already selling multi-function units, incorporating FM, AM, HD, Satellite Radio and MP3 players.

Here is one of many links to product information: HERE

Kenwood Ez900HDS
CD player with built-in HD Radio, SIRIUS tuner, and MP3/WMA playback
Item #113EZ900
In Stock at Crutchfield

5/15/2006 10:56:00 AM

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How Will Satellite Radio Respond to HD Radio?

May 15, 2006

Satellite Standard Group is following the issues that effect the SDARS industry. Today we are looking HD Radio. atHD Radio has been mentioned as a potential competitor to satellite radio providers Sirius and XM. Many who follow the equities and those that have satellite radio often seem to push aside that idea, citing that HD Radio is simply “regular radio” with a digital signal.

While this may indeed be the case, there is no doubt that HD Radio is trying to take the steps required to become viable. This may well present an opportunity for Sirius and XM to work a little more along the same path, rather than trying to nip at each others heals. HD Radio is trying to roll out in specific markets at this point. Perhaps the satellite radio providers could “combat” that move with some joint advertising of their own. What Sirius and XM need to realize is that HD Radio is seen as “something new” in the eyes of consumers, and therefore, it must be good. Don’t look for HD radio to point out that the stations people listen to are not national. Don’t look for HD Radio to point out that someone’s favorite station in Boston will not be capable of staying tuned in on a drive to Philadelphia. HD Radio will concentrate their efforts on sound quality. Satellite Radio already has that PLUS so much more. satellite Standard Group feels that they need to point that out.

The HD Radio business model differs from that of satellite radio in many respects, but there are also parallels. HD Radio is not a subscriber service. In theory, receiving HD Radio is “free”. We say in theory because the service is driven by advertising revenue, but current receivers do not enable listeners to get “HD”. Listeners will have to purchase an HD receiver to get the digital benefits of HD Radio. For the first time terrestrial radio has to go out to automobile manufacturers and subsidize the installation of receivers (much like what Sirius and XM had to do).

The tough part in this for HD Radio is that they are following Sirius and XM into this arena. The table has already been set, and HD Radio has to “pay to play”. Where Sirius and XM can offer the Ford’s, and GM’s of the worlds subsidies, as well as revenue sharing, etc. HD Radio seems to only be able to offer subsidies. The easy part for HD radio is that they already have a “captive” audience on regular FM that they can advertise to.

For some people, the concept of better sound quality offered by HD Radio on their current stations may be enough for them to be satisfied. These are the people that Sirius and XM need to market to. These are the people that Sirius and XM need to showcase all of the content to. These are the people who may be the future subscribers to satellite radio.

Believe it or not, there are many people who simply do not grasp all that satellite radio has to offer, and some may not grasp it until they are exposed to it through a friend, or a new vehicle purchase that comes with a subscription to the service.

WHAT NEEDS TO BE DONE

In our opinion, there are some key steps that Sirius and XM need to take to ensure the most success as HD Radio evolves.

Market all of that exclusive content that is offered. Let people know that you are the only place for Howard Stern, Bob Dylan, every MLB game, every NFL game, Martha Stewart, Oprah, etc., and make sure people understand that this in NATIONAL coverage.

Conserve equity by selling the concept of satellite radio overall. Sure, Sirius and XM should run their own advertising, but they should also explore and advertising campaign on a united front.

Be sure to advertise well in areas where HD Radio is trying to advertise. Make sure that those people KNOW that there is a better choice out there, and that choice is satellite.

Make people aware of the number of COMMERCIAL FREE music channels there are. Show people that there is a channel to fit every mood.

Make sure people understand the depth of news and talk that satellite Radio has to offer. Someone watching Fox News as they eat breakfast can continue to get their Fox News via satellite radio as they start their commute.

Improve the user interface for satellite radio in the OEM channel. Ensure that OEM displays that show all of the information those subscribers with “plug and play” receivers receive. To date it is almost as if many OEM satellite radios have satellite radio installed as an “afterthought”. It is still as if the radio is designed for ease of use on the AM and FM dials and CD’s rather than satellite radio. A better user interface in the OEM channel would likely promote the consumer exploring what satellite radio has to offer, and thus will be more likely to keep subscribers after the promotional period.

Sell the value of the service. Is 43 cents per day more valuable to you than 18 minutes of commercials on your 30 minute commute? In most circumstances the answer would be yes.

Combine and bundle the service. This is an avenue that is not really available to HD Radio. Work with the Sprint’s, Verizon’s, Dish Network’s, and Direct T.V.’s of the world to show even more value. Make such a promotion something that is a winner for the consumer, the respective satellite radio service as well as the bundling partner.

Be prepared to offer regionally targeted advertising for a national service. Dissect the 10 biggest markets, and what is popular in each. If Chicago has a great Hip-Hop channel on HD, be prepared to market satellite radio Hip-Hop channels specifically in that market. Satellite Radio has an advantage of being able to market regionally or nationally. By contrast, it is hard for a Chicago HD Radio Station to market in New York (it simply makes no sense). Satellite Radio needs to be aware of this and exploit that advantage.

HD Radio is coming. HD Radio will have listeners. The key for satellite radio, in the opinion of Satellite Standard Group, is to make sure that the consumer is aware of what satellite radio offers that is unmatched by HD Radio, and to show the value in satellite radio.

5/15/2006 10:30:00 AM

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Heard On Sirius - May 15, 2006

May 15, 2006

"Heard On Sirius" and "Heard on XM", ongoing columns from Satellite Standard Group, bring you interesting, and perhaps informative tid-bits of information relating to items heard on Sirius Satellite Radio or counterpart XM Satellite Radio.

Today, we heard that a format change is now happening at Howard 100 on Sirius. It seems that Howard 100 News will no longer have 1 hour broadcasts at Noon and 6:00PM EST. The new format has the news spread throughout the day at the top of every hour.

The move has been made to better facilitate replays of regular shows.

5/15/2006 09:01:00 AM

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Kenny Smith's Top 5

May 15, 2006

Sirius Satellite radio seems to like to keep things interesting. They have a little segment where they publish the top 5 channels of various people. satellite Standard Group is keeping you up to speed with this information.

NBA Great Kenny Smith lets everyone know his top 5.

• Soul Town - Channel 53
• Heart & Soul - Channel 51
• Hot Jamz - Channel 50
• Hip Hop Nation - Channel 40
• Back Spin - Channel 43

You can learn more about all of the channels that Sirius has to offer by clicking HERE

5/15/2006 12:24:00 AM

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Sirius Solution for GM Owners

May 14, 2006

There are GM owners out there who are seeking a solution to get Sirius Satellite Radio in an "in dash" application without having to buy a whole new aftermarket stereo. Well, the folks at TSS Radio have made a Soundgate product available at a reasonable price.....only $199.99.

The product enables many GM products to be "converted" to Sirius satellite radio, and further, it utilizes the original factory controls. This solution works with the following GM vehicles:

Buick

• 2004-2006 Rainier
• 2003-2006 Rendezvous

Cadillac

• 2003-2006 Escalade

Chevrolet

• 2003-2006 Avalanche
• 2004-2005 Blazer
• 2003-2005 Cavalier
• 2005-2006 Colorado
• 2005-2006 Equinox
• 2003-2005 Express Van
• 2003-2005 Impala
• 2003-2005 Monte Carlo
• 2004 S-10
• 2003-2006 Silverado/HD
• 2004-2005 SSR
• 2003-2006 Suburban
• 2003-2006 Tahoe
• 2003-2005 Trailblazer w/o Factory Video System
• 2003-2005 Venture w/o Factory Video System

GMC

• 2005-2006 Canyon
• 2003-2006 Denali/Denali XL
• 2003-2005 Envoy w/o Factory Video System
• 2004 Jimmy
• 2004 S-15/Sonoma
• 2003-2005 Savana Van
• 2003-2006 Sierra/Sierra Denali
• 2003-2006 Yukon/Yukon XL

Hummer

• 2003-2006 H2
• 2006 H3

Isuzu

• 2003-2005 Ascender

Oldsmobile

• 2003-2004 Alero
• 2003-2004 Bravada
• 2003-2004 Silhouette w/o factory video system

Pontiac

• 2003-2005 Aztek
• 2003-2005 Grand Am
• 2004-2005 Grand Prix
• 2003-2005 Montana w/o factory video system
• 2003-2005 Sunfire
• 2004-2005 Vibe

Check out this product at TSS Radio HERE

5/14/2006 11:13:00 AM

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Happy Mothers Day

May 14, 2006

Satellite Standard Group would like to take a moment to wish all mothers a Happy Mothers Day and to remind readers to give mom a call to say hello.

Here's to you Moms!!!!

Bouquet photo courtesy of ProFlowers.com

5/14/2006 09:47:00 AM

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Sirius Angler Chip Harrison Closes in on Championship Qualification

May 13, 2006

Chip Harrison, the FLW angler sponsored by Sirius Satellite Radio is closing in on where he needs to be to qualify for the FLW Championship.

Going into the Kentucky Lake event this past week Chip was in 70th place overall. Chip finished in 41st place at that event. Now that the standings have been updated, he sits in 56th place overall with 635 points.

The top 48 anglers in points qualify for the Championship event. The standings are very close. The current points for the 48th spot is only 7 points above Chip. Takahiro Omori currently holds the final spot (642 points) for the Championship.

Keep checking back here for updates on Chip harrisons progress.

5/13/2006 10:10:00 PM

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Martha's Top 5

May 13, 2006

You can always learn something interesting with Sirius Satellite Radio.

Martha Stewart has given her TOP 5 channels to the folks at Sirius. Martha's Top 5 Are:

• Martha Stewart Living Radio - Ch 112
• Shade 45 - Ch 45
• NPR Now - Ch 134
• BBC World News Service - Ch 141
• Bloomberg Radio - Ch 130

Martha and Shade 45???? Who would have guessed!!!

5/13/2006 10:01:00 PM

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Sirus Rebates

May 13, 2006

Sirius Satellite Radio is spicing up the offers for Mother's Day, Father's day, and Graduation.

for a limited time you can get rebates of up to $50 on Sirius gear.

Rebates do have terms and restrictions, so please read and follow the instructions closely. To be eligible, you must purchase any eligible SIRIUS Receiver between 05/07/2006 and 06/24/2006 and activate by credit card or SIRIUS prepaid card no later than 07/08/2006.

The rebates are as follows:

• Tivoli's Sirius Tabletop Radio - $20.00 rebate
• Sirius S50 with Car Kit - $50.00 rebate
• Sirius Streamer Replay with Car Kit - $30.00 rebate
• Sirius Sportster Replay with Car Kit - $30.00 rebate
• Sirius starmate Replay with Car Kit- $20.00 rebate

Now is a great time to get into Sirius for the first time, or to add a Sirius receiver to your account.

5/13/2006 09:46:00 PM

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Bloodhound Gang to Airs On Howard 101

May 13, 2006

Satellite Standard Group is keeping you up to speed with the happenings at Howard Stern's channels on Sirius.

Tonight on Howard 101, The Bloodhound Gang will make a return visit. The band was first on the channel back in March, and one of their buddies, a grocery bagger, became an instant "Whack Pack" member.

You can read the full story via Delewareonline HERE

5/13/2006 09:39:00 PM

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Following cramer's Picks - May 12, 2006 Update

May 13, 2006

An SSG reader e-mailed in and requested that we provide the indicies so as to compare those to Cramers pick. We here at SGG aim to please, so we are going to do just that. The chart now contains the dow Jones Industrial Average, the Nasdaq, and the S & P 500 (click chart to enlarge).

It looks like so far an investment into any one of the indicies would have still been a loser so far, but all three fared better than Cramer so far.

Keep the E-mails coming, and keep checking back here at SSG each evening to see how the update is going.

5/13/2006 09:12:00 PM

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Changes In The Works At Maxim

May 12, 2006

Settle down guys......The changes are at the magazine, not the popular mens channel on Sirius Satellite Radio.

Satellite Standard Group has learned that current Editor In Chief Ed Needham is leaving the magazine, and will be replaced by Jimmy Jellinek. The move is expected to happen on May 31, 2006.

The New York Post in an article today cited that Needham was being "forced out". Needham denied that this was the case and explained that he resigned a few months ago, and wanted to return to England to be with his wife and 2 year old daughter. An internal memo at Maxim confirmed what Needham was saying.

Jellinek will be leaving his post at STUFF Magazine to take the helm at Maxim. Both STUFF and Maxim, as well as, as well as Blender Magazine are owned by Dennis Publishing. maxim Magaizine has 2.5 million subscribers, and they have a growing audience on Sirius Satellite Radio, where they have their own channel.

There is speculation that Dennis Publishing is looking to sell all three magazines, but the sale should have no impact on the Sirius Satellite Radio show. SSG would like to congratulate Jimmy Jellinek on his new position, and wish Ed Needham all the best on his return to England.

5/12/2006 10:15:00 PM

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Following Cramer's Picks

May 12, 2006

Yesterday Satellite Standard Group did a piece about Jim Cramer, and some of the irrational trading behavior that surrounds him. Readers who missed the article can view it HERE. Some readers seemed to feel as if SSG was singling out Cramer as a "bad guy". We don't feel one way or the other really. I am sure that if you were to meet him that he would be a personable guy, and would be able to engage in a meaningful conversation.

SSG does feel that perhaps investors rely to heavily on his opinion, and that perhaps Cramer himself should give more distinction between the "Entertainer" and the "Analyst". Cramer does have a fiduciary responsibility (at least to some extent) to be thorough in his research and recommendations. Not all of the responsibility falls on Cramer however. Individual investors need to be responsible themselves.

Upon writing yesterday's piece, we also took down the symbols of Cramer's May 11, 2006 Buy recommendations. Jim Cramer singled out 19 equities that he labeled as "Buy's". To be fair, Cramer did put a disclosure at the bottom of his picks. We have included that disclosure in our spreadsheet. So far, Cramer -1.41% on those picks.

SSG will follow the performance of these equities for at least a couple of weeks, and see how you the readers enjoy the story. The chart in this piece (click on it to enlarge) give Cramers picks of May 11, 2006 and how he has done one day into things. This exercise is not about pegging Cramer into the category of "hero" or "bum", Instead it is being done to show the "whole story", and not just the hyped up "winners" that are often spoken about in association with Cramer. SSG fully recognizes that Cramer has an ability with equities, but we are also well aware that no one is right "all of the time".

If you enjoy this segment, please let us know by e-mailing us at satellitestandard@gmail.com

5/12/2006 04:42:00 PM

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XMSR Announces Results of Tender Offer

May 12, 2006

XM Satellite Radio Announces Results of Tender Offer

(PR Newswire 05/12 12:38:44)

WASHINGTON, May 12 /PRNewswire-FirstCall/ --

XM Satellite Radio HoldingsInc. (Nasdaq: XMSR) announced today the completion of its tender offer with respect to its outstanding secured notes. XM purchased a total ofapproximately $110.8 million of the 14% Senior Secured Discount Notes due 2009, representing approximately 59.4% of the total principal amount of 14% Notes, $99.7 million of the 12% Senior Secured Notes due 2010, representing approximately 99.7% of the total principal amount of the 12% Notes, and $182.9million of Senior Secured Floating Rate Notes due 2009, representing approximately 91.5% of the total principal amount of Floating Rate Notes.

The offer expired at midnight, New York City time, on May 10, 2006. The cash used to purchase the notes came from proceeds of XM's recent offering of unsecuredfixed and floating rate notes, due 2014 and 2013, respectively.

Contact Information:Chance Patterson, VP, Corporate Affairs
XM Satellite Radio Holdings Inc., +1-202-380-4318, Chance.patterson@xmradio.com
WebSite:http://www.xmradio.com/

5/12/2006 12:42:00 PM

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Sirius S50 made the "Bests Gifts for Graduates List"

May 12, 2006

Ultimate Electronics' Graduate Gift Guide Honors Grads with Latest in Portable Electronics

Ultimate Electronics has developed the 2006 'Ultimate Graduate Gift Guide', including on-the-go gadgets for graduates this summer and fall.

1. Sony W50 Digital Camera - $249.99
For graduates embarking on a new phase of life, this point and
shoot camera features 6 megapixels, so they can hold on to old
memories and capture new ones to share with friends and family.

2. Samsung A900 Cell Phone - $349.99
There will be no excuse for not calling home with this A900 cell
phone from Samsung. Four devices in one - watch live TV, listen to
Sirius radio, download your favorite mp3s, and take quality moving
and still pictures while keeping in touch with your family and
friends.

3. Panasonic DVD LS91 Portable DVD Player - $299.99
This portable DVD Player makes you feel like you're in a theater.
Grads can enjoy favorite movies and TV shows while traveling or in
the dorms. It's the perfect gift for the graduate taking a summer
trip or traveling cross country to college.

4. Apple iPod Nano, (2GB) - $199.99
Smaller than a credit card, the iPod Nano is the most advanced mp3
player on the market and a great gift for any graduate that knows
the value of a good soundtrack. The Nano holds up to 500 songs and
plays for 14 hours.

5. Sirius S50 Portable Satellite Radio - $299.99
Crystal clear music anytime, anywhere. The Sirius S50 Portable
Satellite Radio has more than 120 commercial-free channels
offering high quality sound and programming all across the
country. Graduates can take the S50 anywhere - in the car, in hand
or hook it up to a stereo - perfect for any grad on your list.

link to full story: http://www.tmcnet.com/usubmit/2006/05/12/1648286.htm

5/12/2006 11:55:00 AM

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The Technical Trader-SIRI

May 12, 2006

Today may be an important day for SIRI stock price. If it holds the 4.34 level, it could signify a "double bottom" leading technical traders to begin to initiate new long positions or cover shorts, although a margin of error should be considered since it is a Friday, and traders prefer "reduced risk" weekends. The real test will be Monday.

Otherwise, news driven catalysts for the stock will be focused on the ANNUAL MEETING, scheduled for Tuesday, May 23rd. Management has been uncharacteristically mum lately; perhaps they are witholding for the big date. Rumors have been swirling about new product and strategic partnership announcements.

Stay tuned...

5/12/2006 11:44:00 AM

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Google Trends and Canadian Satellite Radio

May 12, 2006

Yesterday Orbitcast did a piece on Google's nifty new feature called Google Trends. The story outlined satellite radio searches for Sirius Satellite Radio in comparison with XM Satellite Radio. You can refer to his story here.

Today Satellite Standard Group would like to take a look at the SDARS situation North of the border. Sirius Canada recently announced that they have surpassed 100,000 subscribers, and is the market leader in Canada.

Google Trends shows that search activity for "Sirius Canada" is more robust than searches for "XM Canada". Interesting stuff.

5/12/2006 10:43:00 AM

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Heard On XM - Opie & Anthony

May 12, 2006

Satellite Standard Group's "Heard On XM" series brings you interesting tid-bits of information heard on the satellite radio airwaves.

This morning on XM (via 104.1 WBCN Boston for me), Opie & Anthony were speaking about a miniature Stanley Cup that was presented to them by CBS Executive Joel Hollander. The note stated something to the effect of "Just Like Mark Messier guaranteed the Stanley Cup, I am guaranteeing that we will expand our affiliates"

It would appear that the Opie & Anthony show will be airing on more than the seven CBS Radio markets they are currently on. Details of which markets may be involved, as well as a time table have not been released.

If XM Satellite Radio listeners have something interesting they hear on XM, please send an e-mail to satellitestandard@gmail.com.

5/12/2006 08:25:00 AM

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A 10th Class Action Against XMSR

May12,2006

This bandwagon seems to be filling up. Another firm joins the Class Action Suit

Shareholders Sue XM Satellite Radio Holdings, Inc.
-- KGS Announces Filing
NEW ORLEANS, LA -- (MARKET WIRE) -- 05/11/2006 --

Kahn Gauthier Swick, LLC ("KGS") announces that a securities class action lawsuit has been commenced in the U.S. District Court for the District of Columbia, on behalf of shareholders who purchased, exchanged or otherwise acquired the common stock of XM Satellite Radio Holdings, Inc. (NASDAQ: XMSR) between July 28, 2005 and February 15, 2006. No class has yet been certified in this action.

5/12/2006 07:33:00 AM

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Chip Harrison Improves Position in Day 2 At Kentucky Lake

May 11, 2006

Satellite Standard Group is following the Chip Harrison story. Chip Harrison is the Sirius satellite radio Sponsored angler on the FLW Tour as well as the FLW Series. Currently Chip is fishing in the FLW Tour event at Kentucky Lake, and his second day performance has landed him in the money for the event.

On day one SSG wrote that Chip Harrison was sitting in 53rd position and poised to break the top 50, and get himself into the money. Well, chip did just that. The second day saw Chip and his Setyr Rod reel in another limit (5 fish) catch. Chips second day total was 5 fish weighing in at 12 pounds 12 ounces. This brought Chip's two day total to 10 fish at 25 points 13 ounces, and was enough to see him jump 12 spots in the event. Chip is 41st, and has won $10,000 for this event, making his sponsors like Sirius Satellite Radio, Setyr Rods, Ranger Boats and others proud. Chip's top 50 finish is sure to improve his overall standings. Going into the event, Chip was 70th overall. The top 48 anglers get to participate in the Championship event.

The big bass of the day was reeled in by the even leader Jim Moynagh. His big bass weighed in at 6 pounds 12 ounces, and helped him to an impressive event leading 2 day total of 40 pounds 10 ounces. The top 10 anglers from the first two days of the event will be going for the big prize money in days 3 and 4 (Friday and Saturday).

Readers can check out Chip Harrison's Bio HERE

5/11/2006 08:45:00 PM

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Google Trends and SDARS

May 11, 2006

Orbitcast posted a wonderful piece about googles launch of Google Trends, and how you can use it to moniter satellite radio.

From Orbitcast:

Yesterday Google Trends was launched, unveiling for the first time a historical representation of what search terms are being entered into Google. Up to five search terms can be queried, and Google even highlights milestones in news events that could have affected traffic.

What's this got to do with satellite radio? Well, a ton really. Tracking Google searches a damn good indicator, better than looking at Alexa I might add, of gauging online awareness. From a PR standpoint, the milestones show a fabulous correlation of the success of media outreach programs with changes in public interest.

Orbitcast also has interesting graphph etc. that reader will be interested in. You can read the whole piece at Orbitcast by clicking HERE

5/11/2006 04:55:00 PM

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Universal Music Settles Payola Probe

May 11,2006

Satellite Standard Group likes to keep you informed with the issues. If you follow Sirius Satellite Radio and XM Satellite Radio this issue boils your blood. Univesal Music just settled a probe in which they paid "bribes" in order to get music played on radio stations. It is ironic that Sirius and XM have to pay these music companies, who then turn around and pay radio stations to play their music. Something is VERY WRONG with this picture.

VIA BusinessWeek Online

Universal Music Group Recordings Inc., the world's largest record company, has agreed to pay $12 million to settle a payola case that claimed the company provided vacations, electronics and other bribes to increase radio play for their artists, New York Attorney General Eliot Spitzer said Thursday.

The bribes and gifts were used to gain airplay for songs that included records by Nick Lachey, Ashlee Simpson, Brian McKnight, Big Tymers, and Lindsay Lohan, Spitzer said.
The California-based company agreed to pay the cash to charity along with $100,000 to cover the cost of the investigation and to adopt reforms, Spitzer said. The company didn't admit guilt, but acknowledged "various employees and independent promoters acting on behalf of the company" engaged in the illegal practice, Spitzer said.

"UMG has illegally provided radio stations with financial benefits to obtain airplay and boost the chart position of its songs," Spitzer said in papers filed in state Supreme Court along with the settlement. "UMG has obtained airplay for its songs through such deceptive and illegal practices as bribing radio station employees, on occasion, to play UMG songs, providing a stream of financial benefits to radio stations, to assist with stations' overhead costs or to provide promotional support, on condition that UMG records receive airplay," Spitzer stated. UMG was also accused of "engaging in fraudulent call-in campaigns to increase airplay."

In January 2003, a WFLY-FM program director was provided use of a Miami hotel room for playing "Shoulda, Coulda, Woulda" by Brian McKnight and putting it on the Albany, N.Y., station's playlist, Spitzer said. The room was listed as a contest prize for accounting purposes.
The same program director was provided a Miami hotel stay to play a Nick Lachey song and he received use of a hotel room in New York City in April 2004 along with Yankees tickets.
"We have been working cooperatively with the attorney general's office in resolving these promotion issues and are pleased to have completed the process with this agreement," UMG said in a statement. "The reforms that we have agreed to with the attorney general are consistent with the policies that we voluntarily implemented over a year ago."

The $12 million payment will be distributed through the Rockefeller Philanthropy Advisors to nonprofit groups in New York state to fund music education and appreciation programs.
"Consumers have a right not to be misled about the way in which the music they hear on the radio is selected," Spitzer said. "Pay-for-play makes a mockery of claims that only the 'best' or 'most popular' music is broadcast."

Spitzer said UMG used interns and employees and "outside vendors" to pose as listeners requesting UMG songs. In July 2004 UMG started pushing "Rain on Me" by Ashanti through its Island Def Jam label, paying $3,500 for six weeks. For the first two weeks, WGCI in Chicago and WQHT in New York City each received 25 calls. Forty calls were made to these and other stations in the final four weeks targeting black women between 18 and 24 years old, Spitzer said.
Its Island Def Jam label hired another group to drum up airplay for Ludacris' "Stand Up" at numerous radio stations including CKEY and WBLK in Buffalo and WDKX in Rochester.

UMG has a nearly 26 percent share of the world market and sells one in three albums bought in the United States, according to the court filing. UMG's labels include Interscope Geffen A&M Records, Island Def Jam Music Group, Universal Motown Records Group, UMG Nashville and Verve Music Group. The types of music involved included Top 40, Urban, Alternative Rock and Adult Contemporary.

Spitzer launched a nationwide investigation in 2004 into alleged wrongdoing by music and radio companies. Earlier this year, Spitzer sued Entercom Communications Corp., accusing its executives of running scams to trade cash for airplay of songs.
Entercom has denied the allegations.

Sony Corp.'s music arm has already agreed to pay $10 million to settle with Spitzer, and Warner Music Group Corp. agreed to a $5 million settlement.

5/11/2006 01:54:00 PM

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THE WORLD ACCORDING TO CRAMER

May 11, 2006

Why do we mention Cramer on a satellite radio site? Well, he seems to mention Sirius quite often, and of late, he has not been very positive on the equity despite most analysts carrying an opinion to the contrary (Many analysts see Sirius and XM as oversold at this point). With all the stocks in the world to discuss, on his widely followed shows, he takes phone calls on a regular basis from callers asking about Sirius. Some feel strongly that at least a portion of the calls he accepts on his show are NOT spontaneous, but rather coordinated by his staff. Sirius has a lot of buzz, and the mere mention of the name on television, radio, or in print generates viewers, listeners, and web hits.

Jim Cramer has followers. There is no doubt about that. One only needs to look at after-hours trades to see that his mere mention of an equity can move the price of the stock…..BUT…..Is that quick move fundamentally sound? In many cases it is not.

That initial surge (either up or down) is based on the hype that he generates amongst his listeners and viewers rather than sound investor research. It is almost as if his fans are sitting at their computers with their brokerage account open and their mouse cursor hovering over the "enter stock symbol" section of the web page. As soon as they hear a symbol, they are already trading it!!!

What is humorous is that there are many people who make a good sum of money by simply taking the opposite stance after the initial wave of stock price movement. They hear Cramer recommend an equity, watch the after hours surge, and then take a short position because the magnitude of the price surge is often not warranted. Equities should not move that fast on the sole recommendation of a television show host. Perhaps it could be said that these people make money off of the irrational exuberance of Cramer's fans.

There is speculation that some of the hedge funds that follow Cramer around (initiate trades based on his recommendations, both short and long), are losing patience with him FAST. Confidential sources have expressed frustration at being on the short end of the stick with some Cramer picks, and that perhaps the "Cramer Factor" is too well known at this point.

Admittedly, Jim Cramer is entertaining to watch… conveying a wide range of universal emotions that traders and investors feel…wouldn't you feel like throwing a chair if you could? Unfortunately, most work environments are not conducive to chair-throwing behavior.

The big question people have is whether or not Jim Cramer is losing some of his luster as some picks move against his recommendations, and those losing picks become well publicized.

Jim Cramer seems to "exist" in a gray area. He is part entertainer and part Financial Analyst. He is part of the media yet part of the investment community. Unfortunately, it is often difficult for investors to know which "hat" (entertainer or analyst) he is wearing at any given moment. Perhaps Cramer himself sometimes is unsure.

Cramer has made people money. However, he has been the source of people losing money as well……and this is REAL money. Investors who followed his recommendations on United Healthcare (UNH), Bookham (BKHM), Vitesse Semiconductor (VTSS), and JDSU (JDSU) are currently on the wrong side of the fence by following his advice.

Cramer seems to have a general style that picks companies within sectors that he perceives to be beneficiaries of a trend. Investors never know what level of research he conducts, and whether or not his research has sufficient due diligence, or whether or not the risk level factor associated with the trade is something that fits their individual portfolio. Cramer claims that non-MBA's can do research in a matter of a couple of hours and anyone (almost) can be come an analyst! This may be true for some, but one has to question how his viewers are conducting analysis as the after-hours stock price is moving (within seconds) on Cramer's say so. Investors need to be aware and cautious of such irrational exuberance.

Take a look at the popular "Lightning Round". How much REAL research can happen in 7 seconds? Does Cramer have a fiduciary responsibility based on his broad market influence during this segment, or is this one of those times where he is in the "entertainer" mode? Some believe that he does not or can not possibly do a thorough review of SEC filings, historical conference calls, etc., on ALL of the equities he talks about, and thus is missing potential red flags.

SSG is not saying that Cramer is right or wrong, good or bad. We are saying that people should understand what they are watching, and not instantly follow what Cramer says on blind faith alone. Even Cramer recommends SOME LEVEL OF RESEARCH.

We will continue to keep you posted on this developing story…

5/11/2006 12:46:00 PM

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