A recent analysis of the stability of spherical bubble oscillations shows that the high order shape modes are parametrically unstable with respect to small but finite perturbations [Z. C. Feng and L. G. Leal, J. Fluid Mech.266, 209 (1994)]. Using a heuristic approach it is shown here that the acoustic radiation due to the liquid compressibility plays an important role in stabilization of the high frequency modes and overall stability of the bubble spherical shape. ©1998 American Institute of Physics.