--------------------------------------------------------------------- The Evening Bridge - February 16, 2006 --------------------------------------------------------------------- TOP STORY - XM Satellite Radio said Pierce Roberts resigned from his board seat, citing differences with the company's strategy of strong growth at the expense of positive cash generation. That news, and a fourth quarter net loss of $268.3 million, sent the stock down more than 5 percent. Said Bernstein Research analyst Craig Moffett, "The resignation carries obvious headline risk, but does not mean that the strategy chosen by XM management is incorrect." Moffett rates XM as an "outperform" with a $42 target price.
Our valued sponsors: Pace Electronics - http://www.pacemso.com/sky/Jan06/LineBug/?RefSalesSrc=6003&referrer=SkyLineBug IPTV WORLD FORUM - http://www.iptv-forum.com Applied Telcomm - http://www.appliedtel.com ISCe 2006 - http://www.isce.com --------------------------------------------------------------------- Hot & Not --------------------------------------------------------------------- Hot Close Pts. + % Chg 52-Week WGAT 1.45 0.12 9.02 % 1.26 - 6.03 BDR 2.28 0.15 7.00 % 1.59 - 4.05 Q 6.15 0.31 5.31 % 3.30 - 6.27 LNET 14.61 0.65 4.66 % 11.77 - 19.75 CCBL 7.37 0.28 3.95 % 4.77 - 8.82 Not Close Pts. - % Chg 52-Week XMSR 23.98 - 1.27 - 5.03 % 23.01 - 37.31 PAX 0.88 - 0.03 - 3.30 % 0.37 - 1.56 SIRI 5.65 - 0.17 - 2.92 % 4.42 - 7.98 OPTV 2.64 - 0.05 - 1.86 % 2.07 - 3.45 CBS 25.15 - 0.46 - 1.80 % 24.83 - 27.45 DOW 11,121 62 NASDAQ 2,295 18 S&P 500 1,289 9 --------------------------------------------------------------------- At the Bell --------------------------------------------------------------------- Interactive Television Networks launched PULSE, the first IPTV music video network. The net offers unlimited VOD access to a commercial free library of more than 30,000 music videos --- The Outdoor Channel hosted its sixth Annual Golden Moose Awards Party in Las Vegas. Awards were presented to producers, editors and other member of the production teams that presented the best and favorite outdoor shows of 2005 --- Cingular and Hubbard Broadcasting teamed to provide a free text messaging service that sends text alerts about school closings and delays, and winter weather advisories in Minneapolis/St. Paul and surrounding areas --- Disney said Michelle Kwan will be a celebrity representative and spokesperson for the company --- Verizon Wireless teamed with the Central Intercollegiate Athletic Association 2006 Basketball Tournament to keep fans updated on the latest information during the tournament. --------------------------------------------------------------------- BRIDGE Bonus --------------------------------------------------------------------- >From this week's BRIDGE, on VOD technology: "On-demand video libraries for cable are growing. And viewership is increasing by leaps and bounds. Both of those facts require the cable business - as well as new telco entrants - to look for a solution that helps customers navigate all of the choices available via VOD. It's a new video paradigm: Television viewing is shifting from browse to search. And in order to do that, consumers will need help traveling through new and expanding VOD territory." For more on The BRIDGE and to subscribe, visit: http://www.mbc-thebridge.com --------------------------------------------------------------------- PrimeTime Players --------------------------------------------------------------------- Close Pts. + % Chg 52-Week T 28.45 0.13 0.46 % 21.79 - 28.82 BLS 31.38 0.68 2.21 % 24.32 - 30.80 CVC 25.48 - 0.03 - 0.12 % 22.50 - 33.90 CBS 25.15 - 0.46 - 1.80 % 24.83 - 27.45 CHTR 1.19 - 0.01 - 0.83 % 0.88 - 2.00 CSCO 19.98 0.04 0.20 % 16.83 - 20.25 CMCSA 26.51 - 0.03 - 0.11 % 25.35 - 34.50 CSGS 22.57 0.09 0.40 % 15.74 - 24.76 DTV 15.26 0.05 0.33 % 13.17 - 16.79 DISCA 14.66 0.18 1.24 % 13.51 - 16.30 DISH 28.10 0.10 0.36 % 24.44 - 32.33 GMSTE 3.20 0.01 0.31 % 2.24 - 5.75 GE 33.35 - 0.11 - 0.33 % 32.21 - 37.34 IACI 28.58 - 0.04 - 0.14 % 23.49 - 55.50 L 8.26 0.00 0.00 % 7.59 - 10.71 LBTYA 20.44 0.18 0.89 % 19.79 - 52.32 MCCC 5.75 0.03 0.52 % 4.75 - 7.59 MSFT 26.81 - 0.07 - 0.26 % 23.82 - 28.38 MOT 22.20 - 0.24 - 1.07 % 14.48 - 24.99 NNDS 45.87 1.47 3.31 % 29.27 - 45.13 NWS 16.90 - 0.01 - 0.06 % 14.76 - 18.63 OPTV 2.64 - 0.05 - 1.86 % 2.07 - 3.45 OUTD 13.58 0.13 0.97 % 12.57 - 17.49 PAX 0.88 - 0.03 - 3.30 % 0.37 - 1.56 PLA 14.19 - 0.17 - 1.18 % 11.80 - 15.88 Q 6.15 0.31 5.31 % 3.30 - 6.27 SFA 42.91 0.10 0.23 % 26.73 - 43.90 SSP 49.88 - 0.16 - 0.32 % 44.85 - 52.91 SIRI 5.65 - 0.17 - 2.92 % 4.42 - 7.98 STM 17.84 0.30 1.71 % 13.96 - 19.90 TWX 17.97 0.00 0.00 % 16.10 - 19.00 TIVO 5.57 0.05 0.91 % 3.55 - 7.75 VZ 34.55 0.40 1.17 % 29.13 - 36.85 VIA 43.57 0.19 0.44 % 38.67 - 43.80 DIS 27.05 0.17 0.63 % 22.89 - 29.50 XMSR 23.98 - 1.27 - 5.03 % 23.01 - 37.31 ===================================================================== For all the industry critical news - see: The BRIDGE War Room - http://www.mbc-thebridge.com/research.cfm SkyREPORT - http://www.skyreport.com SkyRETAILER - http://www.skyretailer.com The BRIDGE - http://www.mbc-thebridge.com -------------------------------------------------------------------- -To modify your subscription to The Evening Bridge, visit http://www.mbc-thebridge.com/register.cfm We welcome your comments and suggestions. 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