The most successful investors have a knack or vision to see not what's here now, but what the future will be.
The Clippers were valued at $500M by Forbes until Steve Ballmer bid $2B for it. Why? The NBA has huge potential in the global market.
SIRI has tremendous potential as well - spectrum, satellites and possibly a technology that will enable broadband delivery to the world. Infrastructure is very expensive - sure you get much higher speeds with Google network, but SIRI can provide global reach at a fraction of the cost.
Malone is no dummy - there's no rush to allow SIRI stock price to climb rapidly.
I think this is a sleeper investment - hang on no matter what! The future will be very friendly to SIRI investors.
Satellite communication is the future. Forget 4G/LTE towers. They will all be obsolete. Major telecom companies are doomed. Why do people need phone numbers? Internet connection is all you need. That's why ATT bought DirectTV to get into satellite realm.
Its about staying connected on the move which means you can also stay connected when your at home!would you have two different services at that point no!but they do need the telco banwidth,they only use the 4glte to keep the signal in tact its here,sorry for the bold!!