where the rest of these pics at?
***edit***
never mind, i csi'd them.
Sirius XM Preparing Bankruptcy Papers...
- Thread starter veritech
- Start date
where the rest of these pics at?
***edit***
never mind, i csi'd them.
Slacker was helped along an ex-XM guy I worked with - Lon Levin.
So far he's been pretty silent about their prospects.
theres a glitch that gives you free lifetime service with Sirius all you have to do is unplug/disconnect the power from your receiver/radio before you cancel and after you cancel leave it unplugged/disconnected for 3 months after four months connect the power back and you should have free Sirius radio for life. I have done this to four radios and one portable radio and haven't pad for Sirius since 2001
dude i got to thank you for this drop.
my car broke down last year, and it took 6 weeks for the fucking parts to come from Germany, get them installed, and get my shit back to running.
in the meantime, i had them turn off my Sirus radio in that car, but i kept it in my wife's car.
i never tried to turn it back on, until i read this, ran downstairs, hooked everything back up, and found my shit still on like it was yesterday.
PEEEEE-ROPS for that.
After Hours: 0.966 Up 0.01 (0.78%) 7:35pm ET
Last Trade: 0.9585
Trade Time: 4:00pm ET
Change: Up 0.0745 (8.43%)
Prev Close: 0.884
Open: 0.8739
Bid: 0.9610 x 6000
Ask: 0.9650 x 1000
1y Target Est: 0.96
Day's Range: 0.9050 - 0.98
52wk Range: 0.12 - 0.98
Volume: 153,772,246
Avg Vol (3m): 39,172,300
Market Cap: 3.70B
P/E (ttm): N/A
EPS (ttm): -0.227
Div & Yield: N/A (
Last Trade: 0.9585
Trade Time: 4:00pm ET
Change: Up 0.0745 (8.43%)
Prev Close: 0.884
Open: 0.8739
Bid: 0.9610 x 6000
Ask: 0.9650 x 1000
1y Target Est: 0.96
Day's Range: 0.9050 - 0.98
52wk Range: 0.12 - 0.98
Volume: 153,772,246
Avg Vol (3m): 39,172,300
Market Cap: 3.70B
P/E (ttm): N/A
EPS (ttm): -0.227
Div & Yield: N/A (
Sirius XM Radio Inc.
(NasdaqGS: SIRI)
After Hours: 1.29 0.00 (0.00%) 7:52PM EDT
Last Trade: 1.29
Trade Time: Oct 8
Change: 0.00 (0.00%)
Prev Close: 1.29
Open: 1.27
Bid: 1.26 x 100000
Ask: 1.49 x 11000
1y Target Est: 7.58
Day's Range: 1.27 - 1.31
52wk Range: 0.54 - 1.31
Volume: 55,140,208
Avg Vol (3m): 71,243,000
Market Cap: 5.02B
P/E (ttm): N/A
EPS (ttm): -0.02
Div & Yield: N/A (N/A)
People viewing SIRI also viewed:
(NasdaqGS: SIRI)
After Hours: 1.29 0.00 (0.00%) 7:52PM EDT
Last Trade: 1.29
Trade Time: Oct 8
Change: 0.00 (0.00%)
Prev Close: 1.29
Open: 1.27
Bid: 1.26 x 100000
Ask: 1.49 x 11000
1y Target Est: 7.58
Day's Range: 1.27 - 1.31
52wk Range: 0.54 - 1.31
Volume: 55,140,208
Avg Vol (3m): 71,243,000
Market Cap: 5.02B
P/E (ttm): N/A
EPS (ttm): -0.02
Div & Yield: N/A (N/A)
People viewing SIRI also viewed:
Sirius XM Radio Inc.
(NasdaqGS: SIRI)
After Hours: 1.29 0.00 (0.00%) 7:52PM EDT
Last Trade: 1.29
Trade Time: Oct 8
Change: 0.00 (0.00%)
Prev Close: 1.29
Open: 1.27
Bid: 1.26 x 100000
Ask: 1.49 x 11000
1y Target Est: 7.58
Day's Range: 1.27 - 1.31
52wk Range: 0.54 - 1.31
Volume: 55,140,208
Avg Vol (3m): 71,243,000
Market Cap: 5.02B
P/E (ttm): N/A
EPS (ttm): -0.02
Div & Yield: N/A (N/A)
People viewing SIRI also viewed:
i won't be happy until it goes past 4 bux. then i get my money back.
Man I bought some shares for $1.05 back in like April, sat on it for 3 months and the fucker barely budged. I said fuck it and sold just to break even. Now I see they hit their 52 week high yesterdayThey're too speculative for me to jump back on again
.
why would u sell?
i got in since .50 i aint budging
i buy 100 shares everytime i get paid
Man I bought some shares for $1.05 back in like April, sat on it for 3 months and the fucker barely budged. I said fuck it and sold just to break even. Now I see they hit their 52 week high yesterday
Well, they did release some good news last week. I wouldn't touch that stock with my money either, that's the kind of stock you buy and await a future loss.
They have to be one of the companies hardest hit by the recession. I'm surprised they managed to stay afloat this long. Paying for radio in these economic times just doesn't add up.
they happen to be adding subscriptions...
My impatience got the best of me, shit the year's almost over and they've only had about a .77 cent increase. I'm more of a swing trader and I was going off a hunch from my brother (who's been trading longer than me) when he said they'll be going up.
They were too expensive to give away for free. Do you know how heavily subsidized and bought down the retail cost of the radios were.
Depending on the model, we were spending ~$50 - $150 in subsidy dollars to hit a price point we felt would work in the retail market. Then take on the royalty some manufacturers and the OEM's got on a new activation in addition to a small rev stream that got kicked back to the retailer each month that the radio stay activated.
It basically made it mathematically unfeaseable for us to give the radios away for free.
Look at all you with 20/20 hindsight.
Remember, when Stern signed the deal with Sirius he was the hottest thing in free radio. Stern had the radio game on lock. No one in free radio was even close to doing Sterns numbers. Stern had to leave a free very strong, and very influential radio listener base that he built over 20 years. Remember, Stern had to leave all of that security to take the Sirius deal.
When Stern signed with Sirius, satellite radio was NEW. No one knew if that shit was going to be successful. Stern launched Sirius on his back. Sirius built their foundation on being the only place where you could hear Howard Stern. Without Stern Sirius would have never gotten the amount of subscriptions they did in the early days. Hell, without Stern in the early days, many people may not even have known Sirius existed.
This is why Stern got all the money he did from Sirius. He took almost all of the risk. Stern was leaving a very successful, extremely popular free radio show that he built to move to an upstart satellite radio company that no one ever heard of before.
The reason Sirius is in trouble now is its expensive to the common person. They charge about $20 per month for programing that isn't ever commercial free???? Hell, HBO isn't even that high. People have uncensored, ad-free options now. They can listen to commercial free Pod casts, music, etc on their mp3 players.
Sirius should cut their subscription rate to broaden their subscription base. Make it easier for the common person to continue their subscription after the introduction.
Remember, when Stern signed the deal with Sirius he was the hottest thing in free radio. Stern had the radio game on lock. No one in free radio was even close to doing Sterns numbers. Stern had to leave a free very strong, and very influential radio listener base that he built over 20 years. Remember, Stern had to leave all of that security to take the Sirius deal.
When Stern signed with Sirius, satellite radio was NEW. No one knew if that shit was going to be successful. Stern launched Sirius on his back. Sirius built their foundation on being the only place where you could hear Howard Stern. Without Stern Sirius would have never gotten the amount of subscriptions they did in the early days. Hell, without Stern in the early days, many people may not even have known Sirius existed.
This is why Stern got all the money he did from Sirius. He took almost all of the risk. Stern was leaving a very successful, extremely popular free radio show that he built to move to an upstart satellite radio company that no one ever heard of before.
The reason Sirius is in trouble now is its expensive to the common person. They charge about $20 per month for programing that isn't ever commercial free???? Hell, HBO isn't even that high. People have uncensored, ad-free options now. They can listen to commercial free Pod casts, music, etc on their mp3 players.
Sirius should cut their subscription rate to broaden their subscription base. Make it easier for the common person to continue their subscription after the introduction.
Last edited:
"us" "we"
From 2000-01 I was on the business launch team for XM itself as a grad intern/contractor working directly under Robert Acker, who wrote the business plan and model for XM.
After launch, I spent two years on the media side of the business (hey, I was young I wanted to hang out with stars and shit, and was more interest in the music side of the business
). After a few years of that, I got bored and realized that the music business was a dying sparrow - so I transferred and went back to work under Robert who was heading up the Product Team. If you owned a retail XM radio between 2003-2006 I had a hand in its creation, development, or project managed it through launch.
Last edited:
Sirius cannot cut their rate. They're saddled with too much debt from the buy-out (the word merger was window dressing to get it through FCC and DOJ Anti-Trust Approval).
They WAY overspent to get Stern. We were in negotiations with Stern as well, but when the numbers got insane we walked away from the table.
In the end, Sirius paid Stern (and his team) a total of $620 Million(!!!) including performance bonus for hitting certain subscriber targets when he came over. Internally we called it the Stern effect.
Conparitively, we went out and got Oprah and the Oprah team (Oz, Phil, Gayle, etc.) for a only $55 Million!
Sirius compounded their debt trouble when they stole NASCAR away from us (actually, Mel Karmazin was friends with the Franz family and they sprung it on us at the last minute) but again, Karmazin overpaid. I think the final number was something like $108 Million(!!) - almost double what we paid.
So on those two deals alone, Sirius put themselves nearly $1 Billion dollars in debt!
Look at their SAC and CPGA numbers. At one point, their CPGA was so high, they refused to report it anymore.
Sirius cannot cut their rate. They're saddled with too much debt from the buy-out (the word merger was window dressing to get it through FCC and DOJ Anti-Trust Approval).
They WAY overspent to get Stern. We were in negotiations with Stern as well, but when the numbers got insane we walked away from the table.
In the end, Sirius paid Stern (and his team) a total of $620 Million(!!!) including performance bonus for hitting certain subscriber targets when he came over. Internally we called it the Stern effect.
Conparitively, we went out and got Oprah and the Oprah team (Oz, Phil, Gayle, etc.) for a only $55 Million!
Sirius compounded their debt trouble when they stole NASCAR away from us (actually, Mel Karmazin was friends with the Franz family and they sprung it on us at the last minute) but again, Karmazin overpaid. I think the final number was something like $108 Million(!!) - almost double what we paid.
So on those two deals alone, Sirius put themselves nearly $1 Billion dollars in debt!
Look at their SAC and CPGA numbers. At one point, their CPGA was so high, they refused to report it anymore.
all that said, the public perception is that sirius bought out xm. i been with sirius since day one. shareholder and subscriber.
i made some money. i lost some money. enjoyed the ups and endured the downs. i am simply hoping to make my money back. if i get some profit, even better.
Someone bumped it just to brag that they made some money.
That's what I said.
There was no "Merger of equals" as Parsons and Karmazin were touting it. If anything, when you looked at the subscriber rate and financials, XM was in a far better position than Sirius and more profitable (although both were losing money).
The only thing Sirius had as a bigger war chest after they got their second round of financing in 2005 or so.
It's very very rare that the smaller, financially worse off company makes an offer to buy the bigger company that's better off - but this was one of those times it happened.
Makes for an interesting business case study. If I ever decide to get my PhD, I'm going to chose this as my thesis project. How it was able to negotiate and navigate all the DOJ and FCC approvals and hearings - meanwhile on the opposite side, the NAB (Natl' Assc. of Broadcasters which reps all Terrestrial), RIAA, and Writers Guild were all against it because they could keep bleeding both companies dry on royalties and licensing payments.
I think another poster said it right. Everytime he gets paid, he throws $100 into the stock. I've been following this stock since it went from .25 to .12 now up to 1.20's. Unfortunately I got out at .70's, but my point being, if they're shooting for 7.00 in a year then it's worth investing some $$$$. I think it's evident Sirius isn't going away. Time for all of us to get more out of BGOL than just porn and Rick Ross mixtapes.
Sirius cannot cut their rate. They're saddled with too much debt from the buy-out (the word merger was window dressing to get it through FCC and DOJ Anti-Trust Approval).
They WAY overspent to get Stern. We were in negotiations with Stern as well, but when the numbers got insane we walked away from the table.
In the end, Sirius paid Stern (and his team) a total of $620 Million(!!!) including performance bonus for hitting certain subscriber targets when he came over. Internally we called it the Stern effect.
Conparitively, we went out and got Oprah and the Oprah team (Oz, Phil, Gayle, etc.) for a only $55 Million!
Sirius compounded their debt trouble when they stole NASCAR away from us (actually, Mel Karmazin was friends with the Franz family and they sprung it on us at the last minute) but again, Karmazin overpaid. I think the final number was something like $108 Million(!!) - almost double what we paid.
So on those two deals alone, Sirius put themselves nearly $1 Billion dollars in debt!
Look at their SAC and CPGA numbers. At one point, their CPGA was so high, they refused to report it anymore.
You got Oprah and she brought in ZERO subscribers eventually leading to Sirius usurping XM.
