http://siriusbuzz.com All Things Sirius Satellite Radio Fri, 19 Mar 2010 02:36:13 +0000 http://backend.userland.com/rss092 en As Mel Karmazin had previously indicated, Sirius XM has appealed the delisting process by requesting a hearing before the NASDAQ Listing Qualifications Panel. The result of this appeal is that the company now has until September 13, 2010 to regain compliance. Sirius XM is out of compliance ... http://siriusbuzz.com/sirius-xm-appeals-nasdaq-delisting.php According to a story today from Business Wire, Liberty has terminated strategic Transaction discussions with WorldSpace (WRSPQ.PK). The failed satellite radio company. Liberty is the Debtor-In-Possession lender, and Worldspace now awaits information from Liberty as to the next steps in the process. While awaiting that news Wordspace ... http://siriusbuzz.com/liberty-terminates-strategic-transaction-discussions-with-worldspace.php Last week Sirius XM announced a $550 million debt offering for the purpose of retiring $500 million of their 2013 debt. The move made great business sense. They retired debt that carried an interest of 9 5/8% in exchange for more time and a lower rate of 8 ... http://siriusbuzz.com/sirius-xms-800-million-debt-offering-is-positive.php Sirius XM made a giant stride with their balance sheet today by calling in $500 million of the 9 5/8% notes due 2013. The move is coupled with a new $550 million issue of Senior Notes due 2015. The new notes do not yet have a published ... http://siriusbuzz.com/sirius-xm-improves-balance-sheet.php Investors in satellite radio are well aware of the importance of new car sales to the growth of the subscriber base. With weak auto sales reported for February 2010, some may think the outlook for satellite radio is dimming. The fact of the matter is that the company ... http://siriusbuzz.com/sirius-xms-60-penetration-rate-outpaces-weak-auto-sales.php Sirius XM Radio is only two market closes above $1.00 away from gaining NASDAQ compliance to remain listed on the exchange. After a tough Friday, the company closed above the one dollar threshold to bring the above $1.00 streak to 8 consecutive closes. For most people, Friday was ... http://siriusbuzz.com/sirius-xm-flirting-with-1-00.php Sirius XM Radio conducted their Q4 2009 conference call prior to market opening, and all things considered the company demonstrated a stability that has not been shown before. The company reported a small per share gain, but there was not quite enough to report a penny to the positive. ... http://siriusbuzz.com/sirius-xm-shows-stability.php If you follow Sirius XM, you are likely well aware that the company pre-announced some Q4 metrics back in January. They announced the addition of about 247,000 subscribers, a churn rate of 1.97%, an OEM take rate of 46.4%, and the fact that they anticipate that the end of ... http://siriusbuzz.com/sirius-xms-important-metrics.php With Sirius XM still trading above $1.00, the threat of a reverse split begins to diminish. The company must trade above $1.00 for ten consecutive trading days to regain compliance with NASDAQ listing requirements. Three days are already in the books, and the fourth seems a near certainty ... http://siriusbuzz.com/reverse-split-possibilities.php On Wednesday, February 17th, Sirius XM eclipsed the $1.00 price barrier for the first time in well over a year. The event is meaningful in that the company was on a collision course with a forced reverse split in order to stay listed on the NASDAQ exchange. ... http://siriusbuzz.com/is-sirius-xm-beginning-to-shine.php