This is comical....
#1
Posted 19 February 2007 - 07:37 PM
Both company's stock prices have cratered recently. Go figure.
http://www.marketwat.....C2D146D00BB8}
#2
Posted 19 February 2007 - 07:53 PM
Actually, the FCC has no jurisdiction over "satellite" radio, just on media that uses the air waves themselves (this is why someone like Howard Stern can do what he does).The merger bid is certain to face tough scrutiny from federal regulators. Just last month, Federal Communications Commission Chairman Kevin Martin said that his agency's rules wouldn't permit such a deal.
So unless Congress passes new regulation guidelines for the FCC, the proposed merger can't be stopped.
Fib
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#3
Posted 19 February 2007 - 08:09 PM
#4
Posted 19 February 2007 - 08:27 PM
Well, monopoly can help margins, lol. There is nothing "right" about satellite radio that I can discern. Broadband will rule.
There's going to be satellite radio alright, but in a very high frequency range. Servers in the sky. 10Gb/sec satellite-based omni-directional networks. You could be sitting in the jungle with a generator and have more internet bandwidth than you could possibly use... I don't think many people understand the implication of these wide wireless networks and how utterly useless XM or Sirius is... when for the same price or probably even less, you can be empowered with the internet...way beyond audio, way beyond video...
I think I'd be a seller of any runaway rally in this turkey...
Edited by SemiBizz, 19 February 2007 - 08:29 PM.
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#5
Posted 19 February 2007 - 09:01 PM