doctorex speaks: competition to SIRI
doctorex's analysis of the SIRI competitive environment is based on a bi-partite model of the product, which is:
1. BROADCAST TO MOVING CARS
2. NO ADS.
no product, except SIRI, meets both tests
HD radio, and regular radio: fails because they have ads. these will always have ads because there is no other source of money.
ipod: fails because it does not broadcast to moving cars. maybe teenagers have the time to load their little ipods, and plug them into their car jacks. prosperous grownups will not do this. and how do you get unlimited content this way? howard stern and nascar on the ipod? pay-per-view for them? this is crazy.
cell phone radio: fails also, because if this means broadcast to moving cars from cell towers, then the infrastructure to do this does not exist. who is going to build such a thing? and how will they pay for it? are 130 channels of commercial free content going to start extruding out of the cell phone towers?
doctorex does not see a viable competitive threat to SIRI from any such modalities at this time.
THERE ARE 100,000,000 PROSPEROUS U.S. ADULTS WHO NEED SIRI AND MOST OF THEM WILL FIND US SOONER OR LATER. THIS MEANS 50,000,000 SUBS, 6 BIL ANNUAL REVENUE, 4-5 BIL ANNUAL PROFIT, PE 20, 6 BIL SHARES, AND SP OF $15.
BUY BUY BUY.
doctorex has spoken.