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A Fool Looks Back

By Rick Aristotle Munarriz | More Articles
June 20, 2009 | Comments (10)

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What was Sirius XM Radio (Nasdaq: SIRI ) thinking? It finally rolled out its Web streaming app for Apple's (Nasdaq: AAPL ) App Store on Thursday, but premium subscribers are out of luck if they thought they'd be hearing Howard Stern on their iPhones and iPod touch devices.

The satellite radio operator is already making the gutsy move of pricing its Web-based subscriptions at the same monthly $12.95 price as its popular satellite receiver-based broadcasts (or just $2.99 a month for existing subscribers). Now those downloading the App Store program will find that a lot of the content they expect on satellite radio, like live sporting events and Stern, are not available.

Sure, Sirius XM's music content is amazing, but there are countless free music alternatives available through Apple's virtual storefront.

Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.

Yahoo! (Nasdaq: YHOO ) and Google (Nasdaq: GOOG ) are on notice. Microsoft's (Nasdaq: MSFT ) Bing is more that just a novelty search engine. Web watcher comScore revealed that traffic to Bing.com continues to grow since its late-May debut. Bing is now delivering 12.1% of the country's search result pages. It may not seem like a big number, but it's problematic for Google if it keeps growing.
Speaking of search, China's leader, Baidu (Nasdaq: BIDU ) , scored a price target upgrade from Goldman Sachs. The firm's new price target on Baidu is $350. The interesting observation here is that it had raised its target on Baidu to $300 just two weeks earlier. China! It's growing up so fast.

Until next week, I remain,

Rick Munarriz

The Steve Jobs Betrayal
You may already know that in the final year of his life, Jobs revealed a stunning betrayal — and told his biographer, "I will spend my last dying breath... and every penny of Apple's $40 billion in the bank to right this wrong." What was it that made Jobs so irate — and why could it make a few in-the-know investors some major profits over the coming months and years?

Enter your email address below to find out what made Jobs so enraged!

Baidu and Google are Motley Fool Rule Breakers recommendations. Apple is a Motley Fool Stock Advisor pick. Microsoft is a Motley Fool Inside Value pick. Try any of our Foolish newsletters today, free for 30 days.

Longtime Fool contributor Rick Munarriz recommends windshield wiper fluid when trying to look back. He does not own shares in any of the stocks in this story. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.

Read/Post Comments (10) | Recommend This Article (9)

Comments from our Foolish Readers

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Report this Comment On June 20, 2009, at 7:44 AM, JRSmithman wrote:

Yet again fools strike again / they think Howard is world wide lol
Think again Sirius subs are growing and they are the biggest download to this side of Apple.
The report should read "WHat was Fools thinking of when it comes to bashing the stock Let us eat our own words"
Report this Comment On June 20, 2009, at 9:01 AM, trammen0 wrote:

Hey FOOLS! Why do you have to keep posting the same used up article throwing some negative b/s about Sirius? When are you guys going to just join the train instead of looking like idiots. Last night when the news about Sirius being #2 all-time downloaded app. (in 1-day!!!!!) and is on it's way to being #1 and all This without Howard! I posted how long will it take the FOOLS to write a negative article and BAM here you go 1 day Like clock work!........Before to long you guys need to see that you really are looking like "FOOLS"!
Report this Comment On June 20, 2009, at 12:09 PM, HCSKnight wrote:

Let's look at the article's logic.
First, Howard Stern is #1 really that big outside of the US, or the NY market and #2 that keeping Stern as a headliner will beneift SIRI...so Stern can again look to bend the company over.
Second, though Im not an avid reader of Motley Fool, or the Fool of this article, I recall a constant drum beat of SIRI's business model being beholden to autos.... So, as the company begins to break this mold it is now an issue?
What's truly surprising, and disappointing about what MF has become, is no where in the piece was there any thought given to what may come or could be done to grow or leverage SIRI's postion, content or technology....
Maybe MF got turned down for a SIRI channel?
Or maybe Mel should consider starting one?
Report this Comment On June 20, 2009, at 1:45 PM, garoseme wrote:

Journalism should not be bias, yours is, it lacks objectivity. You can not stop bashing Sirius, it is a sort of obsession that you have. Get real
Report this Comment On June 20, 2009, at 5:03 PM, ekklesia777 wrote:

Thats a d_ _ n shame.Em Em Em thought you guys were really ligit. If you really dislaike SIRI that much why don't you build them up so we all go out and put 10k of our hard earned money into siri stock then you can short it, watch it free fall then laugh all the way to the bank... YA THINK
Report this Comment On June 20, 2009, at 9:32 PM, AZ123 wrote:

This particular writer is an absolute moron.
In a prior article, he had a headline: "Throw This Stock Away," regarding Palm. Holding ten thousand shares, had I actually been stupid enough to follow his advice and sell, or as he recommended "Throw This Stock Away," I'd have walked away from $33,000 dollars in profit. You read that correctly: $33,000 in profit that Mr. Munarriz had recommended I "throw away."
He, as well as another writers here on MotleyFool use nothing but their own sense of cleverness to pretend to offer legitimate stock analysis and advice.
I highly recommend not paying any attention to any of his articles and seek sound and REAL stock insight from much better, credible sources.
He was wrong about Palm and he's very wrong about Sirius and rest assured, he'll be wrong many times over again and again and again.
Report this Comment On June 21, 2009, at 1:25 AM, USIRIUS wrote:

Bias news is reported by people who don't have a nut-sack.
Report this Comment On June 21, 2009, at 1:32 AM, USIRIUS wrote:

Investing style buy and scold lol. Hey look at the stocks he owns. Pretty much sums up everything I needed to know about him. U of Miami with an MBA. Whoo dee frigin doo.
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Report this Comment On June 21, 2009, at 10:38 PM, TMFBreakerRick wrote:

I'm not feeling a lot of love, but I appreciate the respectful knocks.
Trammen, it is NOT the #2 most downloaded app of all-time. The App Store rankings are based on current trends. It's good to be up there but DON'T think that it's as popular as Pandora or Last.fm or a music game like Tap Tap Revenge that was one of the first to top the million download-mark. As of right now, Sirius XM is second behind Paper Toss -- a free game where you heave rolled up balls of paper into a waste can. Really.
And downloads don't mean activations, as it has just a two-star rating (out of a possible five).
Report this Comment On June 23, 2009, at 9:06 AM, trammen0 wrote:

Upgrades and Downgrades - Barrington Research upgraded Sirius XM (SIRI Quote) to outperform from market perform and assigned a stock price target of 70 cents.
HMMM fools I bet you didnt see this coming....

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A Fool Looks Back

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Comments from our Foolish Readers

Report this Comment On June 20, 2009, at 7:44 AM, JRSmithman wrote:

Report this Comment On June 20, 2009, at 9:01 AM, trammen0 wrote:

Report this Comment On June 20, 2009, at 12:09 PM, HCSKnight wrote:

Report this Comment On June 20, 2009, at 1:45 PM, garoseme wrote:

Report this Comment On June 20, 2009, at 5:03 PM, ekklesia777 wrote:

Report this Comment On June 20, 2009, at 9:32 PM, AZ123 wrote:

Report this Comment On June 21, 2009, at 1:25 AM, USIRIUS wrote:

Report this Comment On June 21, 2009, at 1:32 AM, USIRIUS wrote:

Report this Comment On June 21, 2009, at 10:38 PM, TMFBreakerRick wrote:

Report this Comment On June 23, 2009, at 9:06 AM, trammen0 wrote: