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jai

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jai

Re: BondGekko post# 45833

Tuesday, 10/14/2003 12:06:10 AM

Tuesday, October 14, 2003 12:06:10 AM

Post# of 433121
OT. SIRI Radio.

I'm been advising people to stay away from SIRI.

SIRI has a 2.28B market cap that more than 2X IDCC's. If someone wanted to buy this company they would have to pay more. The question is whether the company is worth that figure or not.

Just look at revenue.

"For the second quarter of 2003, SIRIUS recognized total revenue of $2.1 million".

I can't see how a company that generated $2.1 million in revenue could be worth 2.28 Billion, PERIOD.


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